The All-In Holiday Spectacular

00:00:00.000 | and then we're going to do specialty drinks up here and we'll still have full sponsorships.

00:00:11.000 | I want one of these.

00:00:12.000 | Dave is obsessed with Palomas.

00:00:13.000 | I love Palomas.

00:00:14.000 | I'm into Palomas right now.

00:00:15.000 | I'm a Paloma guy right now.

00:00:19.000 | It's like the all-in intro do you think?

00:00:21.000 | Yep.

00:00:22.000 | Which I've done a live arrangement for with the brass.

00:00:23.000 | Now, we're not going to do a year-in-review discussion.

00:00:30.000 | We're just going to go right into...

00:00:36.000 | Right.

00:00:37.000 | I think we caught it.

00:00:40.000 | Yeah, we're going to go right into the awards.

00:00:45.000 | Well, you're going to go right into Santa Catas doing this bit.

00:00:49.000 | Yeah.

00:00:50.000 | We could do that.

00:00:51.000 | That's easy.

00:00:52.000 | That could be the change line.

00:00:53.000 | Exactly.

00:00:54.000 | How much time does he need to change?

00:00:55.000 | It's me!

00:00:56.000 | Santa Catas!

00:00:57.000 | That's good.

00:00:58.000 | Yeah.

00:00:59.000 | I mean it's pretty hilarious.

00:01:00.000 | So, we're really excited to have some Bestie Awards to give out tonight.

00:01:01.000 | Let's get started.

00:01:02.000 | Jake, how are you?

00:01:03.000 | Are you back?

00:01:04.000 | Are you here?

00:01:05.000 | Where are you?

00:01:06.000 | Oh, God.

00:01:07.000 | Sorry.

00:01:08.000 | I was just getting in founder mode.

00:01:09.000 | Woo!

00:01:10.000 | Let's go!

00:01:11.000 | Saturday Night San Francisco!

00:01:36.000 | All right, J-Kel, you want to warm us up?

00:01:46.000 | Okay.

00:01:47.000 | All right, everybody.

00:01:48.000 | Let's get loose.

00:01:49.000 | We know what we do.

00:01:50.000 | We have a game plan.

00:01:51.000 | We've been doing this for 206 episodes.

00:01:52.000 | We're not changing anything.

00:01:53.000 | We are who we are.

00:01:54.000 | We know what to do.

00:01:55.000 | Frank Burt, bring that science.

00:01:56.000 | Sax, I got the red meat for you.

00:01:57.000 | And you're going to help me.

00:01:58.000 | And you're going to help me.

00:01:59.000 | And you're going to help me.

00:02:00.000 | And you're going to help me.

00:02:01.000 | And you're going to help me.

00:02:02.000 | And you're going to help me.

00:02:03.000 | And you're going to help me.

00:02:04.000 | And you're going to help me.

00:02:05.000 | And you're going to help me.

00:02:06.000 | And you're going to help me.

00:02:07.000 | And you're going to help me.

00:02:08.000 | And you're going to help me.

00:02:09.000 | And you're going to help me.

00:02:10.000 | And you're going to help me.

00:02:11.000 | And you're going to help me.

00:02:12.000 | And you're going to help me.

00:02:13.000 | And you're going to help me.

00:02:14.000 | And you're going to help me.

00:02:15.000 | And you're going to help me.

00:02:16.000 | And you're going to help me.

00:02:17.000 | And you're going to help me.

00:02:18.000 | And you're going to help me.

00:02:19.000 | And you're going to help me.

00:02:20.000 | And you're going to help me.

00:02:21.000 | And you're going to help me.

00:02:22.000 | And you're going to help me.

00:02:23.000 | And you're going to help me.

00:02:24.000 | And you're going to help me.

00:02:25.000 | And you're going to help me.

00:02:26.000 | And you're going to help me.

00:02:28.000 | Let's go.

00:02:29.000 | America, 2024.

00:02:35.000 | A year of political earthquakes.

00:02:37.000 | Extraordinary market events.

00:02:39.000 | War.

00:02:40.000 | Space.

00:02:41.000 | And the revelation that Diddy is super into baby oil.

00:02:46.000 | Authority has located more than a thousand bottles of baby oil lubricant.

00:02:50.000 | It was a year so profound.

00:02:52.000 | Gotta give him that hawk poo and spit on that thing.

00:02:55.000 | America was at times at a loss for words.

00:02:58.000 | Look, um, the, uh, like I said, I'm--

00:03:06.000 | Well put, gentle Joe.

00:03:08.000 | So tonight, we look back.

00:03:11.000 | The All In Podcast presents America 2024.

00:03:16.000 | What in the fuck just happened?

00:03:18.000 | The story of 2024 starts with AI.

00:03:23.000 | The revolutionary technology has fueled a boom in countless sectors.

00:03:27.000 | But mostly, the legal field.

00:03:30.000 | Scarlett Johansson's legal team wants details on exactly how they were able to create

00:03:35.000 | that voice that sounds like she said, so eerily similar.

00:03:38.000 | No, it sounds just like her.

00:03:39.000 | Of course, it's a digitally altered version of Scargent.

00:03:42.000 | And they got caught.

00:03:43.000 | OK.

00:03:44.000 | Cookie jar.

00:03:45.000 | And AI also created the most remarkable deepfake video ever.

00:03:51.000 | Welcome.

00:03:53.000 | They almost look like friends.

00:03:55.000 | Amazing.

00:03:56.000 | Yes, 2024 proved there's no problem AI can't solve and/or cause.

00:04:01.000 | Google has had to pause AI-made images, quote, after race inaccuracies.

00:04:07.000 | This year, AI helped launch the most drool-worthy tech product in years.

00:04:13.000 | A computer chip.

00:04:15.000 | Yeah, baby.

00:04:19.000 | DGX has become the essential instrument of AI.

00:04:24.000 | Never seen anything like this in the history of Silicon Valley or corporate America.

00:04:28.000 | NVIDIA is king of the AI revolution, and they're so hot, they're literally too hot.

00:04:35.000 | The information reported that the chips are overheating in servers.

00:04:44.000 | But don't worry, there's an elegant solution to the problem.

00:04:48.000 | I bought myself this Hiroshima mask so I do not have to smell the burn on those conductors.

00:04:55.000 | Problem solved.

00:04:57.000 | But NVIDIA wasn't alone in AI news.

00:05:02.000 | OpenAI was at the forefront of reinventing another crucial industry, office drama.

00:05:08.000 | A lot of drama involving OpenAI.

00:05:11.000 | What a mess.

00:05:12.000 | What's next?

00:05:13.000 | This week on General AI Hospital.

00:05:18.000 | Is Sam Altman's job security in jeopardy?

00:05:21.000 | Whose data was stolen this time?

00:05:24.000 | What did Ilya see?

00:05:26.000 | Why isn't he talking about it?

00:05:28.000 | And with our special guest.

00:05:30.000 | Will our special guest get her revenge?

00:05:33.000 | General AI Hospital.

00:05:35.000 | But Sam Altman never let the drama distract him from OpenAI's primary mission, philanthropy.

00:05:42.000 | It's actually really important that you're not doing private enrichment off philanthropic donations.

00:05:47.000 | And so, you know, it's, it's...

00:05:49.000 | But isn't that what's happened?

00:05:51.000 | Um, you know, I think that the, you know, um, you know, I think, like I said, sour grapes.

00:05:58.000 | Well said, Reed.

00:06:00.000 | But even if OpenAI was a little more like closed AI,

00:06:04.000 | its humble leader, Sam Altman, was still toiling away humbly for the betterment of mankind.

00:06:09.000 | You make a lot of money, do you?

00:06:11.000 | I make, no, uh, I'm paid enough for health insurance, I have no equity in OpenAI.

00:06:15.000 | Really? That's interesting.

00:06:17.000 | But don't think this working class hero doesn't suffer.

00:06:20.000 | Did you know that his 1.9 million dollar supercar wasn't available in candy apple red like he wanted?

00:06:27.000 | Still, it wouldn't be a year in review without mentioning Elon Musk.

00:06:32.000 | Who, incidentally, we will all be required to mention daily in 2025 as bound by federal law.

00:06:40.000 | The world's jumpiest capitalist and the new co-leader of the free world

00:06:45.000 | showed everyone in 2024 that being Elon Musk is a pretty fucking sweet gig.

00:06:51.000 | From soaring in space to delivering charity,

00:06:55.000 | from business booms to getting anointed by Joe Rogan as free speech Jesus,

00:07:01.000 | from getting hired in politics to getting hired to fire people in politics,

00:07:06.000 | 2024 was a year that couldn't shake Elon Musk.

00:07:09.000 | Just ask this guy.

00:07:10.000 | You know, he likes this place. I can't get him out of here.

00:07:13.000 | And it was all prophesized by our own David Palpatine.

00:07:17.000 | Everything has proceeded as I have foreseen.

00:07:20.000 | 2024 was a banner year in tech.

00:07:23.000 | And in how many giant names we tricked into coming on our podcast.

00:07:27.000 | I love that house he has. I love David's house.

00:07:30.000 | I can't believe I get to sit down with one of the most famous investors in Uber.

00:07:34.000 | It was like the hand of God massaging my central nervous system.

00:07:37.000 | What the flying f**k happened?

00:07:40.000 | If you have specific questions, I'm happy to.

00:07:42.000 | Did somebody stab you in the back? Did you find AGI?

00:07:45.000 | Oh my God, what have we done inviting these lunatics on the program?

00:07:49.000 | Hold on guys, I got to get into founder mode.

00:07:52.000 | Oh wow, founder mode.

00:07:53.000 | If he founder modes, I'm going to, I'm going to founder.

00:07:55.000 | S**t, I got to founder mode too.

00:07:57.000 | Ah.

00:07:58.000 | Where's Jayco?

00:07:59.000 | Oh s**t.

00:08:04.000 | Speaking of financial highs, 2024 experienced a wide range of viewpoints

00:08:09.000 | from the effectiveness of ESG to disagreement on new CTA BOI reporting.

00:08:13.000 | But there was unanimous agreement on one key financial issue.

00:08:17.000 | Lina Khan has become the most aided and feared person on Wall Street.

00:08:21.000 | And Lina Khan is utterly ineffective.

00:08:23.000 | What Lina Khan has done is just go after "bigness"

00:08:26.000 | which just means stopping these companies from doing anything that would make them bigger.

00:08:30.000 | The only acquisition she couldn't stop, Chamath's $5,000 sweater habit.

00:08:35.000 | Oh yeah, Chamath, strut your stuff.

00:08:37.000 | Let's talk about the sweaters.

00:08:38.000 | This, Jason.

00:08:39.000 | Oh, really?

00:08:40.000 | Is the thin summer gilet.

00:08:42.000 | Okay, beautiful cashmere.

00:08:44.000 | Cashmere?

00:08:45.000 | F**k yeah!

00:08:49.000 | These days, the all-in boys and their friends are looking slim in their cashmere

00:08:55.000 | thanks to a new class of miracle drugs that stormed the world of biotech in 2024.

00:09:01.000 | Ozempic.

00:09:03.000 | The game-changer.

00:09:04.000 | Injectable weight loss drugs are hot.

00:09:06.000 | In our broker group, like, 4 of the 12 or 13 regulars are on it.

00:09:11.000 | 2025 is looking to be the year GLP-1s change the face of everything.

00:09:15.000 | Literally.

00:09:16.000 | But we've heard that term "ozempic face."

00:09:19.000 | First we had "ozempic face," and now we have "ozempic butt."

00:09:25.000 | But if 2024 will be remembered for one thing,

00:09:29.000 | it will be for shining a light on elder abuse.

00:09:33.000 | Our 46 presidents stepped aside,

00:09:36.000 | introducing the country to a fresh new upstart

00:09:39.000 | ready to tackle the problems of a fractured country.

00:09:42.000 | I grew up a middle-class kid.

00:09:44.000 | I grew up a middle-class kid.

00:09:45.000 | I grew up a middle-class kid.

00:09:47.000 | I grew up a middle-class kid.

00:09:49.000 | President Trump, however, wouldn't stand by idly and let Kabbalah torch her own campaign.

00:09:54.000 | They're eating the dogs, the people that came in.

00:09:57.000 | They're eating the cats.

00:09:58.000 | In the end, however, it wasn't even close.

00:10:01.000 | Literally nothing?

00:10:02.000 | Literally nothing.

00:10:03.000 | Literally not one county?

00:10:05.000 | There was just so much to 2024 that we can't cover it all.

00:10:11.000 | From Trump nearly getting assassinated to Trump nearly getting assassinated.

00:10:16.000 | From continued wars in Europe and the Middle East to continued battles on the home front.

00:10:21.000 | From the cringiest of TikToks to black Nazis and an Aussie dance legend,

00:10:25.000 | 2024 was anything but.

00:10:28.000 | Very demure. Very mindful.

00:10:31.000 | With 2024 in the rearview mirror,

00:10:34.000 | let's turn to our outgoing president for some sage advice on our collective future.

00:10:39.000 | But I tell you what, I don't know about you, but I'm going to go to bed.

00:10:45.000 | Ladies and gentlemen, please join me in welcoming your bestie.

00:11:14.000 | What's up?

00:11:15.000 | Merry Christmas.

00:11:19.000 | Welcome, CzarSax.

00:11:22.000 | You weren't allowed to say Merry Christmas until about three weeks ago.

00:11:26.000 | Merry fucking Christmas, everybody.

00:11:28.000 | Where's...

00:11:29.000 | Happy holidays.

00:11:31.000 | Where's Jkal?

00:11:32.000 | Where's Jkal?

00:11:34.000 | Jkal?

00:11:35.000 | Jkal?

00:11:36.000 | Ho, ho, ho, ho, ho, ho!

00:11:39.000 | It is I, Santa Canis,

00:11:42.000 | here to spread joy and stock options and bitcoins

00:11:46.000 | to all these fine San Francisco they-thems-its-whatevers.

00:11:52.000 | Ho, ho, ho!

00:11:54.000 | This is starting off horribly, but OK.

00:11:56.000 | Ho, ho, ho!

00:11:58.000 | Shabbat!

00:11:59.000 | Ho, ho!

00:12:00.000 | Santa Canis, where are you coming from?

00:12:02.000 | Well, you know, uh...

00:12:04.000 | You know they paid money for this, right?

00:12:06.000 | You could have at least memorized your lines.

00:12:09.000 | It's just too funny.

00:12:10.000 | Sometimes the cold opens work, and sometimes they don't.

00:12:13.000 | They don't. It's true. It's true.

00:12:14.000 | The problem is, this one's supposed to go for eight minutes, so...

00:12:18.000 | Eight minutes?

00:12:19.000 | You have stuff in there for eight minutes?

00:12:21.000 | It's not like you guys are going to make this crowd laugh, OK?

00:12:25.000 | No, it's, uh...

00:12:26.000 | We moved the North Pole.

00:12:28.000 | We moved it.

00:12:29.000 | Where'd you move it to, Santa Canis?

00:12:31.000 | It's a problem, because, you know, all these elves who've come across the border up there...

00:12:35.000 | Tons of fentanyl. It's a disaster. Terrible.

00:12:38.000 | And just crazy inflation up there.

00:12:40.000 | So we-we moved the North Pole down to Austin, Texas.

00:12:44.000 | Oh, it's-it's in Austin, Texas now. Yeah.

00:12:46.000 | Better tax treatment, you know.

00:12:49.000 | Can you get elves there, Santa Canis?

00:12:51.000 | You know, it's a little bit hard.

00:12:52.000 | Some of them have come across the border.

00:12:54.000 | Some of them work hard.

00:12:56.000 | Other ones, not so much.

00:12:58.000 | Have you automated?

00:12:59.000 | Well, you know, it's interesting you say that.

00:13:02.000 | Oh, oh, no milk and cookies.

00:13:04.000 | I'll take some Bitcoin if you have any extra.

00:13:06.000 | OK. Thank you there, Tremont.

00:13:08.000 | Yes, we've done some automation.

00:13:11.000 | Ho, ho, ho, yes.

00:13:13.000 | Oh, here it is, everybody.

00:13:15.000 | You know, we have a lot of problems with the elves.

00:13:19.000 | You know, they've been unionizing sacks.

00:13:22.000 | It's too much regulation, but we can get these here from 1X.

00:13:26.000 | Only $1 per hour, but we need you back in Santa's lab, OK?

00:13:31.000 | You need to be building some toys, OK?

00:13:34.000 | Now get back to work.

00:13:37.000 | Yeah, we don't have HR anymore, OK?

00:13:39.000 | So what are you doing after?

00:13:41.000 | No, I mean, I got my friends, got the good K.

00:13:44.000 | OK, we'll talk later.

00:13:45.000 | Whose robot is this?

00:13:46.000 | It's Santa's robotic elf, right?

00:13:49.000 | Ho, ho, ho.

00:13:50.000 | Sorry, hold on a second. Hold on.

00:13:52.000 | Before we continue with this clearly incredible bit that you two ding-dongs wrote.

00:13:56.000 | I was just told to read it.

00:13:59.000 | Can we just say a cheers for the new czar?

00:14:02.000 | Huzzah!

00:14:04.000 | Huzzah!

00:14:07.000 | Mazel tov, bro. Congratulations.

00:14:11.000 | Yes, congratulations there. Congratulations, czar.

00:14:18.000 | It's a little hard with the $27 Amazon Santa suit.

00:14:21.000 | Ho, ho, ho.

00:14:23.000 | Well, you know, guys, I have the list here that you guys were asking about.

00:14:28.000 | This is the naughty list.

00:14:29.000 | This bit goes on for like eight minutes.

00:14:31.000 | Hold on.

00:14:32.000 | I've got the naughty and the nice list.

00:14:34.000 | It's a pretty big list this year.

00:14:36.000 | Let's take a look.

00:14:37.000 | Sam Altman is on the naughty list.

00:14:40.000 | Very naughty.

00:14:41.000 | Two, three, four times on the naughty list.

00:14:45.000 | Oh, Jensen, also on the top of the list.

00:14:48.000 | You know, Santa's got a lot of that NVIDIA.

00:14:51.000 | 20 baggers so far.

00:14:53.000 | Yes, also some NVIDIA employees here.

00:14:55.000 | They didn't sponsor, though.

00:14:57.000 | Oh.

00:14:58.000 | I don't know why.

00:14:59.000 | He's so cheap.

00:15:00.000 | Okay, Santa, Kenneth, I think it's time for you to go back to Austin.

00:15:03.000 | Yeah, well, you know, I have to do another podcast.

00:15:07.000 | Yeah, it's got 20 times the ratings of All In.

00:15:10.000 | It's called Hot Ones.

00:15:12.000 | I don't know who the host is, but you're getting beaten in the ratings by 12 chicken wings.

00:15:17.000 | Congratulations, boy.

00:15:19.000 | More work for you guys, okay?

00:15:21.000 | I'll see you next time.

00:15:22.000 | Bye, everybody.

00:15:23.000 | Can you get Santa, Kenneth, out of here?

00:15:25.000 | Ho, ho, ho.

00:15:26.000 | Ho, ho, ho.

00:15:27.000 | Ho, ho, ho.

00:15:36.000 | Okay.

00:15:37.000 | Well, you have to admire the dedication to the bit.

00:15:42.000 | Most people have given up after about two minutes.

00:15:45.000 | He just kept going with it.

00:15:47.000 | He's really committed.

00:15:49.000 | He keeps going, yeah.

00:15:51.000 | That's great.

00:15:52.000 | So just to get you guys oriented, thank you all for being here.

00:15:56.000 | This is going to be awesome.

00:16:01.000 | We got a great night planned.

00:16:02.000 | We got a show.

00:16:03.000 | We're going to walk through the Bestie Awards tonight.

00:16:06.000 | It's going to be super fun.

00:16:08.000 | Oh, here we go.

00:16:09.000 | Sorry I'm late.

00:16:10.000 | I was in an Uber.

00:16:11.000 | I was in an Uber.

00:16:12.000 | I heard Santa Claus showed up.

00:16:13.000 | I was in an Uber.

00:16:15.000 | Okay.

00:16:16.000 | Oh, sorry.

00:16:17.000 | Let's do a drinking game.

00:16:18.000 | The number of times J. Cal shills his companies, we need to drink.

00:16:23.000 | J. Cal, introduce the awards.

00:16:25.000 | Let's kick this off.

00:16:26.000 | How's this going to work?

00:16:27.000 | Oh, okay.

00:16:28.000 | So you guys know we do this amazing Bestie Awards.

00:16:31.000 | So we're going to do a bunch of Bestie Awards here live on stage.

00:16:34.000 | And interestingly, this year we actually made a Bestie Award.

00:16:38.000 | It's right next to you, Chamath.

00:16:40.000 | Maybe you can hold one up.

00:16:41.000 | Sax, go ahead and take a look at this.

00:16:42.000 | Now, this Bestie Award is two men embracing in a long, awkward hug.

00:16:50.000 | And many people don't know the inspiration for this awkwardness,

00:16:54.000 | but here it is to remind everybody.

00:16:56.000 | There it is.

00:16:58.000 | And that's actually Chamath and David Sax.

00:17:03.000 | David Sax is actually reciprocating the hug.

00:17:06.000 | He actually reciprocates.

00:17:07.000 | You're saying that we were the mold for this.

00:17:10.000 | It was cast out of our body shapes.

00:17:14.000 | It's actually accurate down to the inch.

00:17:18.000 | Yes, it's very accurate.

00:17:20.000 | You and Sax, you and Chamath are hugging.

00:17:25.000 | So the first award we're going to do is business.

00:17:29.000 | Biggest winner, biggest loser, and biggest surprise.

00:17:34.000 | So, Chamath, would you like to kick it off with your biggest business winner?

00:17:41.000 | I think the biggest business winner of 2024 is the business of speech.

00:17:51.000 | And what I mean by that is I think that we have made freedom of speech

00:17:57.000 | a very successful business model.

00:18:01.000 | All right, well done.

00:18:03.000 | What's your biggest business winner, Sax?

00:18:05.000 | Well, I want it to be original, but I really couldn't.

00:18:07.000 | I thought it was so obvious this year it has to be Elon Musk.

00:18:10.000 | Okay, Elon Musk, that's always a safe choice.

00:18:13.000 | Freeberg, who do you have?

00:18:14.000 | It's SpaceX, Starlink, Starship.

00:18:16.000 | I don't know what else comes close.

00:18:18.000 | Chopsticks.

00:18:19.000 | What's that?

00:18:20.000 | Chopsticks.

00:18:21.000 | First Neuralink implant.

00:18:23.000 | And SpaceX at like a $350 billion valuation,

00:18:26.000 | like tripling from that level in a year.

00:18:29.000 | It's insane.

00:18:30.000 | Never been done before.

00:18:31.000 | Boundaries just don't matter.

00:18:33.000 | It's incredible.

00:18:34.000 | It is incredible.

00:18:35.000 | I went with NVIDIA just to mix it up.

00:18:37.000 | Who's your biggest business loser, Sax?

00:18:40.000 | I said the biggest business loser was the legacy media.

00:18:44.000 | Oh, mainstream media, okay.

00:18:46.000 | They lost the election in something like half their ratings,

00:18:51.000 | and they've been exposed as basically being overpaid podcasters.

00:18:59.000 | But podcasters aspire to be overpaid legacy media hosts.

00:19:04.000 | Chamath, who is your biggest business loser?

00:19:07.000 | Business loser, Intel.

00:19:09.000 | From the company that basically commercialized Moore's Law

00:19:15.000 | for the advancement of humanity

00:19:17.000 | to just a totally confused shell of its former self.

00:19:23.000 | Who do you got, Freeberg, as your biggest business loser?

00:19:27.000 | Very old business.

00:19:29.000 | Has had a kind of mantle place position in the United States for decades.

00:19:34.000 | That would be Boeing, which seemed to unravel this year

00:19:38.000 | with obviously the debacle with the aerospace program,

00:19:41.000 | particularly with Starliner stranding some astronauts

00:19:44.000 | needing to get rescued.

00:19:46.000 | And there's a lot of turnover happening in the organization.

00:19:49.000 | It just seems like a mess.

00:19:50.000 | You know, I went with Apple only because I felt the Vision Pro felt flat.

00:19:54.000 | The new iPhone 16, not very strong.

00:19:57.000 | And I feel like they're adrift.

00:19:58.000 | And Warren Buffett sold all his shares in it.

00:20:00.000 | I feel like the company could do much better.

00:20:02.000 | Well, their stock's up like 30% this year.

00:20:05.000 | I think it's a little bit in the middle,

00:20:07.000 | but I think it's based on potential.

00:20:09.000 | I think they should be releasing great new products, and they aren't.

00:20:12.000 | Let's go to business surprise.

00:20:14.000 | Did you have a business surprise over there, Saxipoo?

00:20:18.000 | I said Palantir was the biggest business surprise this year.

00:20:22.000 | I mean, I thought the company would do well,

00:20:25.000 | but its stock went up 5x this year from $16 a share to 76.

00:20:31.000 | Completely counterintuitive.

00:20:33.000 | It just--the market cap of Palantir just passed the market cap of Lockheed Martin.

00:20:39.000 | The amazing counterintuitive thing about Palantir

00:20:42.000 | was how much time they spent with their customers.

00:20:47.000 | Everybody shat on that idea, and they were totally right.

00:20:53.000 | Totally right.

00:20:54.000 | So were they your biggest surprise as well?

00:20:57.000 | No.

00:20:58.000 | My biggest business surprise are GLP-1s.

00:21:04.000 | I think the number of markets that it seems to help--

00:21:09.000 | this year it went from weight loss to cardiac fitness

00:21:13.000 | to depression to drug addiction, alcohol--

00:21:18.000 | I mean, it's basically a wonder drug of wonder drugs.

00:21:22.000 | And also, I think you might be interested,

00:21:24.000 | they said it can help with compulsive gambling as well, Chamath.

00:21:28.000 | That is why I am not on a GLP-1.

00:21:32.000 | I don't have a problem.

00:21:35.000 | Okay, Freeburg, did you have a surprise?

00:21:37.000 | I was surprised by the return of kind of the long tail of crypto.

00:21:42.000 | Okay.

00:21:43.000 | It's come roaring back, and everything seems to be on fire again.

00:21:48.000 | No comment from the crypto czar, I know, but--

00:21:51.000 | Crypto comeback is your big surprise.

00:21:53.000 | Crypto comeback. The long tail of crypto comeback.

00:21:55.000 | I feel like Bitcoin was always a different story,

00:21:58.000 | but the long tail's got a different story.

00:22:00.000 | You know, I looked at it, and I always love great products.

00:22:03.000 | I picked Google.

00:22:05.000 | Everybody was talking two years ago about how Google was falling behind

00:22:08.000 | and 10 blue links weren't going to work.

00:22:11.000 | The Gemini app is absolutely fantastic.

00:22:14.000 | I've been using Gemini app.

00:22:15.000 | It's as good or better than--

00:22:17.000 | Do you jay trade Google shares?

00:22:20.000 | I jay trade some shares, yes.

00:22:22.000 | I jay traded some Google shares.

00:22:25.000 | Also, Waymo, also delightful.

00:22:28.000 | And, you know, they had a rough year with some of that woke imagery in Gemini,

00:22:33.000 | but I think they had a great rebound.

00:22:35.000 | Waymo's a really good story.

00:22:36.000 | Yeah, I think Waymo--

00:22:37.000 | I also felt like it's like what is that business a year and a half ago,

00:22:40.000 | two years ago, and I don't know.

00:22:42.000 | I've been taking Waymo's around the city.

00:22:44.000 | You don't come to the city.

00:22:45.000 | My sister and my brother-in-law are visiting this weekend.

00:22:49.000 | There they are.

00:22:50.000 | Hey, how you doing, guys?

00:22:51.000 | And they took a Waymo yesterday, and I saw the video.

00:22:55.000 | And basically what you have is my brother-in-law,

00:22:58.000 | who's, like, totally blown away,

00:23:01.000 | my sister, who's, like, cautiously optimistic,

00:23:04.000 | and their two kids who are, like, pinned to the back in fear

00:23:08.000 | because they're like, "Who is driving this?"

00:23:10.000 | And my brother-in-law, who's Indian, he's like,

00:23:13.000 | "Don't worry.

00:23:14.000 | There are people like us somewhere driving this car."

00:23:18.000 | [laughter]

00:23:21.000 | Okay.

00:23:22.000 | Let's go to politics.

00:23:24.000 | Sax, here's your red meat.

00:23:25.000 | I can't imagine who you have as your political winner,

00:23:28.000 | but I know you probably struggled over this one.

00:23:31.000 | This one's pretty obvious.

00:23:32.000 | It's the man who won the White House.

00:23:35.000 | [cheers and applause]

00:23:39.000 | He--actually, he not only won the White House,

00:23:41.000 | he won the House, he won the Senate,

00:23:43.000 | he won the popular vote, and he overcame a hostile media.

00:23:48.000 | He overcame two assassination attempts,

00:23:51.000 | one that missed him by millimeters.

00:23:54.000 | So my biggest political winner for the year is Donald Trump.

00:23:57.000 | Okay, there it is, folks.

00:23:59.000 | Biggest winner.

00:24:00.000 | Wow. You just glow.

00:24:02.000 | When you mention DJT, you're just glowing.

00:24:05.000 | We don't even need to like the stage.

00:24:07.000 | When we say DJT, it's like a fusion reactor.

00:24:11.000 | Chamath, who is your biggest political winner for 2024?

00:24:17.000 | My biggest--and listen to this very carefully, folks.

00:24:21.000 | My biggest political winner of 2024

00:24:26.000 | is David motherfucking Sax.

00:24:28.000 | [cheers and applause]

00:24:30.000 | Let's go, David Sax!

00:24:32.000 | Fuck yeah. Nicely done.

00:24:35.000 | All right.

00:24:38.000 | Say more, say more.

00:24:40.000 | Well, I said this before, but I'll say it again.

00:24:46.000 | I've never seen a team of people

00:24:49.000 | assembled in any government like this,

00:24:54.000 | and I really do mean what I say.

00:24:56.000 | He is really the best of everything that happens.

00:24:58.000 | A guy that has emigrated, okay?

00:25:03.000 | A guy that's worked his ass off.

00:25:06.000 | He's done it in many different places,

00:25:08.000 | in many different ways.

00:25:10.000 | He's an amazing friend, and he's fucking brilliant.

00:25:14.000 | And we need brilliant people.

00:25:16.000 | Yeah, way to go.

00:25:17.000 | Did you have a political winner there, Friedberg?

00:25:20.000 | I know you don't talk too much about politics.

00:25:22.000 | Well, I went with independent media.

00:25:24.000 | I think that it totally reinvented--

00:25:26.000 | Everyone talks about this,

00:25:27.000 | but it had such a huge impact in changing the narrative,

00:25:30.000 | getting new messages out there that were being filtered

00:25:33.000 | or distracted away in other contexts,

00:25:36.000 | so I thought that was the biggest winner.

00:25:38.000 | And everyone's talking about the legacy media anchors

00:25:41.000 | all leaving and moving to independent

00:25:43.000 | podcasting platforms and so on,

00:25:45.000 | so that was the biggest winner, I thought.

00:25:47.000 | All right, I picked the PayPal mafia,

00:25:49.000 | yourself included, of course, Sax,

00:25:51.000 | Peter Thiel, JD, and Elon, obviously.

00:25:54.000 | The whole group, I think, really did a great thing.

00:25:57.000 | Now, whether you are a fan of Donald Trump's or not,

00:26:01.000 | if you're left or right,

00:26:03.000 | I feel really great that you guys are around Donald Trump,

00:26:06.000 | and I feel really optimistic

00:26:08.000 | and great energy for the country.

00:26:10.000 | So the fact that the PayPal mafia is there,

00:26:12.000 | yourself included, Sax,

00:26:14.000 | makes me feel really great about the next four years,

00:26:16.000 | and I'm so proud that you're doing this,

00:26:18.000 | and it's a great sacrifice for your country.

00:26:20.000 | You could use these cycles for your own benefit,

00:26:22.000 | and you're using these cycles

00:26:24.000 | for the benefit of America and humanity,

00:26:26.000 | and I think that deserves a big round of applause.

00:26:29.000 | [cheers and applause]

00:26:31.000 | Okay.

00:26:32.000 | - Thank you.

00:26:33.000 | Well, you know, one thing I'll say is,

00:26:35.000 | Chamath and I co-hosted the dinner for President Trump.

00:26:40.000 | It was on June 6th of this past year.

00:26:43.000 | I remember that because it was D-Day.

00:26:45.000 | I thought that was somehow significant.

00:26:47.000 | But they asked me if I would be willing

00:26:50.000 | to host a fundraiser for President Trump,

00:26:53.000 | and I said, "Well, how much do we need to raise?"

00:26:56.000 | And they said, "Well, at a minimum, $5 million."

00:26:59.000 | And I didn't--I thought maybe that's a hard number to raise

00:27:02.000 | because there's not that many Republicans in San Francisco.

00:27:05.000 | So the first call I made was to this man, Chamath,

00:27:08.000 | and I said, "Would you co-host this with me?"

00:27:11.000 | Because I figured, okay, well, if nobody shows up,

00:27:14.000 | Chamath and I can just split it.

00:27:16.000 | [laughter]

00:27:20.000 | - You dollar-cost-averaged your fundraiser?

00:27:23.000 | - Oh, that's so bad.

00:27:24.000 | - You dollar-cost-averaged.

00:27:26.000 | - So I knew he could pick up the check with me.

00:27:28.000 | It was--so in any event, it was a big ask from Chamath

00:27:33.000 | because Chamath had never supported Republicans before.

00:27:36.000 | Obviously, I've been a crazy right-winger from way back,

00:27:39.000 | but Chamath had only supported Democrats,

00:27:42.000 | and he said he was in, and he decided to co-host it with me.

00:27:47.000 | And so based on that, I told him,

00:27:49.000 | "Okay, we're in. We can do this."

00:27:51.000 | And then it turns out that more and more people wanted to come

00:27:54.000 | because we showed some conviction.

00:27:56.000 | So then we had $8 million committed,

00:27:58.000 | then $10 million committed.

00:28:00.000 | Then we ended up raising $12 million that night.

00:28:02.000 | - $13, I thought. - $13, and then $13.

00:28:04.000 | Well, we got another million on top of it,

00:28:06.000 | so we ended up raising $13 million that night, so yeah.

00:28:08.000 | But it wouldn't have happened unless he decided

00:28:10.000 | to co-host it with me, so thank you, Chamath.

00:28:12.000 | All right, political losers, who do we got?

00:28:16.000 | [laughter]

00:28:18.000 | I mean, I know this is a tough one, too.

00:28:20.000 | I've already said this, so this is going to be repetitive,

00:28:23.000 | but it's the thing that disappointed me the most personally.

00:28:28.000 | I think the biggest political loser was Barack Obama.

00:28:33.000 | [laughter]

00:28:35.000 | It's the same thing where there were so many of us

00:28:38.000 | that literally would have stood in line for hours

00:28:41.000 | to just shake his hand.

00:28:43.000 | I guess I just revered the idea of who he was,

00:28:48.000 | and then I just saw a person that was reduced

00:28:52.000 | to honestly not telling the truth

00:28:56.000 | and doing it repeatedly and repeatedly,

00:28:59.000 | and it just lost a tremendous amount of cachet that I had for him

00:29:04.000 | and the sensation that I had of who he was as a man.

00:29:08.000 | Who do you got, Freeberg, biggest loser?

00:29:11.000 | It's been said. I just went with legacy media.

00:29:14.000 | So my biggest political loser was lawfare.

00:29:18.000 | I thought lawfare was the biggest loser,

00:29:20.000 | because not only did it not work, it backfired.

00:29:24.000 | It backfired.

00:29:25.000 | Which you predicted.

00:29:26.000 | Yeah, exactly.

00:29:28.000 | You remember, they started the lawfare

00:29:30.000 | right when the Republican primary started,

00:29:32.000 | and I think Donald Trump would have won it anyway,

00:29:35.000 | but once they started these sham trials,

00:29:38.000 | they tried to bankrupt him.

00:29:39.000 | They went after his kids.

00:29:41.000 | They tried to imprison him.

00:29:43.000 | Republican support shot through the roof,

00:29:45.000 | and he won the primary easily,

00:29:47.000 | and then they did the same thing in the general,

00:29:49.000 | and it activated and sort of radicalized a lot of people,

00:29:52.000 | including myself, because it was so un-American

00:29:55.000 | to try and imprison your political opponent.

00:29:58.000 | So I think it massively backfired,

00:29:59.000 | and, of course, it wasn't just against Trump.

00:30:02.000 | It was also against Elon, too.

00:30:04.000 | Well, where did that get him?

00:30:05.000 | They turned Elon from someone who identified

00:30:08.000 | formally as a Democrat or an independent

00:30:10.000 | to someone who became a Republican.

00:30:13.000 | So it was not only-- not only did it not work,

00:30:16.000 | it basically had the exact opposite effect

00:30:18.000 | of what they intended.

00:30:19.000 | Yeah, I picked Biden and the Democratic machine

00:30:24.000 | as my biggest loser for obvious reasons,

00:30:26.000 | and as we talked about on the pod, gosh,

00:30:29.000 | it was so obvious that they were covering up

00:30:32.000 | Biden's cognitive decline,

00:30:34.000 | and we're all sadly going to be in decline

00:30:37.000 | at some point in our lives,

00:30:38.000 | and that should be something where that person

00:30:40.000 | is supported and not abused in the way he was abused.

00:30:44.000 | I felt it was elder abuse.

00:30:45.000 | We make that as a joke.

00:30:46.000 | And then not running a speed primary,

00:30:48.000 | and that's when, for me, a left-leaning moderate,

00:30:52.000 | I felt like I can't support this

00:30:54.000 | if you don't actually have a primary process,

00:30:57.000 | and I think they destroyed the party,

00:30:59.000 | and it just has to be rebuilt from the bottom up.

00:31:02.000 | It was a disaster, and I'm super disappointed,

00:31:05.000 | like many people, in their thuggy

00:31:07.000 | and criminal-type behavior.

00:31:09.000 | I felt it was really low ethics,

00:31:11.000 | and I'm not happy about it.

00:31:13.000 | [applause]

00:31:15.000 | Okay, let's go political surprises.

00:31:18.000 | Political surprises.

00:31:19.000 | Anybody have a surprise?

00:31:20.000 | Chamath, you look like you got one ready to go.

00:31:22.000 | My political surprise is J.D. Vance.

00:31:27.000 | [applause]

00:31:30.000 | I don't think, if this works out properly,

00:31:34.000 | there will be a Republican Party

00:31:37.000 | the way that you normally knew it.

00:31:40.000 | I think it is a MAGA party,

00:31:43.000 | and I think that J.D. Vance has the potential

00:31:47.000 | to become the standard-bearer past Trump,

00:31:52.000 | so that baton pass, I think, has the best potential.

00:31:56.000 | And what I'll tell you about him as a person

00:31:58.000 | is this is a guy, if you have a chance,

00:32:01.000 | he will be here a lot, I suspect,

00:32:03.000 | especially because of David.

00:32:05.000 | Meet the man, understand where he's coming from.

00:32:09.000 | This is an incredible human being.

00:32:11.000 | I really do mean that, folks.

00:32:14.000 | And I'm like a skeptical kind of--

00:32:16.000 | generally, I'm not super effusive about people.

00:32:19.000 | You're thoughtful about who you would become friends with.

00:32:22.000 | He's an incredible human being.

00:32:24.000 | You got a surprise for us, Friedberg?

00:32:25.000 | What was your surprise this political season, 2024?

00:32:28.000 | I listened to the episode of Pod Save America last week

00:32:32.000 | where the Democratic leadership that ran the Harris campaign

00:32:37.000 | kind of gave their breakdown on what happened.

00:32:40.000 | And what struck me the most about the conversation

00:32:43.000 | and the way they talked about everything

00:32:44.000 | was everything was about some demographic heuristic.

00:32:48.000 | Black males should do this.

00:32:50.000 | White college-educated females should do that.

00:32:53.000 | Everything was broken down to this, like,

00:32:56.000 | you are defined by whatever label we put on you

00:33:00.000 | and we expect that voting bloc,

00:33:01.000 | and we analyze you as a voting bloc, as a group,

00:33:04.000 | and how you all move together.

00:33:06.000 | And all of that shit broke down.

00:33:08.000 | What happened in this election cycle

00:33:10.000 | was a lot of people voted as independently-minded people

00:33:14.000 | in a way that I think broke their brains.

00:33:17.000 | They didn't understand how and why

00:33:19.000 | people were starting to think on their own.

00:33:22.000 | And so I don't think anyone anticipated

00:33:25.000 | that going into this year.

00:33:26.000 | It's certainly closely coupled

00:33:28.000 | with the rise of independent media,

00:33:30.000 | but individuals taking choice

00:33:31.000 | for not just being categorized and labeled and bucketed

00:33:34.000 | and told how to vote and what to think and what to do.

00:33:36.000 | People stood up and said,

00:33:37.000 | "I'm going to have my own thoughts on stuff."

00:33:39.000 | And suddenly all of the models broke.

00:33:41.000 | That was the biggest surprise,

00:33:42.000 | and I thought it was like a big sea change,

00:33:44.000 | at least in the United States.

00:33:45.000 | - I think it's a really great point you're making.

00:33:47.000 | One great thing that could come out of this

00:33:50.000 | is the return to judging people by their character,

00:33:53.000 | their performance, their actions,

00:33:55.000 | as opposed to identity politics,

00:33:57.000 | which is a true dead end in our society.

00:34:00.000 | I think it's really well said, Freeberg.

00:34:02.000 | Did you have a political surprise this year, Sax?

00:34:04.000 | - Yeah, I would say building on what you guys said,

00:34:06.000 | my biggest political surprise was that

00:34:08.000 | even in deep blue cities like San Francisco,

00:34:12.000 | the voters rejected the woke left

00:34:15.000 | in favor of more moderate alternatives.

00:34:17.000 | So here in San Francisco,

00:34:20.000 | we got Daniel Lurie as mayor.

00:34:23.000 | He was elected.

00:34:24.000 | Dean Preston and Aaron Peskin were defeated.

00:34:26.000 | We have a moderate majority on the Board of Supervisors.

00:34:29.000 | In Oakland, the leftist mayor and DA got recalled.

00:34:33.000 | In L.A. County, we beat George Gascogne,

00:34:36.000 | who was the Soros DA.

00:34:38.000 | [cheers and applause]

00:34:40.000 | Statewide, Prop 36 passed.

00:34:43.000 | This is the proposition to make crime illegal again.

00:34:47.000 | [laughter]

00:34:48.000 | And so even in a deep blue state like California,

00:34:51.000 | you're seeing a return to sanity.

00:34:54.000 | - You know, I had a surprise.

00:34:56.000 | I was gonna say "podcasts,"

00:34:58.000 | but when I thought about it, it was obvious to us,

00:35:01.000 | and I think a lot of people,

00:35:03.000 | that podcasts were gonna play a big role.

00:35:05.000 | And it's clear podcasts played a big role,

00:35:09.000 | but I want to specifically shout out

00:35:11.000 | Friedberg and our podcast

00:35:13.000 | for bringing up the topic two or three years ago

00:35:16.000 | of the budget deficit

00:35:18.000 | and our out-of-control spending.

00:35:20.000 | And you harped on this, Friedberg.

00:35:22.000 | [cheers and applause]

00:35:23.000 | And, you know, I thought the election

00:35:27.000 | would be a referendum on Trump's behavior in the past.

00:35:30.000 | I thought it would be a referendum on abortion

00:35:33.000 | and a woman's right to choose,

00:35:34.000 | and I'm not saying these aren't important issues.

00:35:36.000 | But now it's turned out that efficiency of our government

00:35:39.000 | and our fiscal responsibility

00:35:41.000 | and what we pass on to our children

00:35:43.000 | is now the most important issue.

00:35:45.000 | I want to pause for a second. - Hallelujah.

00:35:47.000 | [cheers and applause]

00:35:48.000 | - Yeah, and I think it's a big round of applause for Friedberg

00:35:51.000 | because I just want to pause for a second

00:35:53.000 | of how unpopular that topic was.

00:35:55.000 | We said ourselves on the pod,

00:35:57.000 | there is no way that any politician

00:36:00.000 | will ever take this up

00:36:01.000 | because it's too toxic to talk about cutting spending,

00:36:04.000 | you'll never get elected, et cetera.

00:36:05.000 | And now we're sitting here,

00:36:06.000 | and I think because of you harping on it,

00:36:09.000 | us talking about it,

00:36:10.000 | Elon caring about it,

00:36:12.000 | Vivek, who came on the pod,

00:36:13.000 | and he really got passionate about it,

00:36:16.000 | now we have Doge.

00:36:17.000 | And one of the greatest things

00:36:18.000 | that could happen in this administration,

00:36:20.000 | and I would be very proud, you know,

00:36:22.000 | of your contribution and the pod's contribution to this,

00:36:25.000 | is if we can just control our spending

00:36:28.000 | so we do not mortgage

00:36:30.000 | our children's future disastrously.

00:36:33.000 | And this is the most important thing

00:36:34.000 | over the next year or two.

00:36:35.000 | If you don't like Trump and you didn't vote for him,

00:36:37.000 | you can support Doge, you can support Elon,

00:36:40.000 | you can support having a balanced budget

00:36:43.000 | and us controlling spending.

00:36:45.000 | It is an issue for all Americans, truly.

00:36:48.000 | All right, this is a hot start.

00:36:50.000 | We got a hot start.

00:36:51.000 | Pass me one of those awards there.

00:36:53.000 | - Here you go. - Here we go.

00:36:54.000 | - All right, J. Cal's gonna invite

00:36:55.000 | our first guest tonight.

00:36:58.000 | Look at this.

00:36:59.000 | - Wow.

00:37:00.000 | - This is some serious man love.

00:37:02.000 | - That's me and Chamath.

00:37:04.000 | - Should we clean up the naughty and nice list,

00:37:06.000 | by the way, off the--

00:37:07.000 | - It's an ergonomic representation

00:37:09.000 | of me and Chamath hugging it out.

00:37:12.000 | - It's not easy to give a hug like that

00:37:14.000 | when you're on the spectrum, is it, Sax?

00:37:16.000 | - Not easy.

00:37:17.000 | - But you got through it.

00:37:19.000 | So, it's a strength for him.

00:37:21.000 | Tonight, I'm very proud

00:37:23.000 | to give the award

00:37:25.000 | for setting the most money on fire

00:37:27.000 | in pursuit of a failed campaign

00:37:30.000 | to the one, the only, Aaron Levy,

00:37:33.000 | friend of the pod from Box.

00:37:35.000 | Welcome, Aaron Levy.

00:37:36.000 | [cheers and applause]

00:37:39.000 | ♪ ♪

00:37:43.000 | - This is a very, very special--

00:37:44.000 | - Wow, okay. - Yeah.

00:37:46.000 | ♪ ♪

00:37:48.000 | - Okay, I have no idea why I said yes to this.

00:37:51.000 | So, also, what the hell is this thing?

00:37:55.000 | I think this is the closest I'll ever get

00:37:57.000 | to speaking at the Republican National Convention,

00:37:59.000 | so thank you.

00:38:02.000 | Good to be here.

00:38:04.000 | I have a couple notes.

00:38:08.000 | So, first of all,

00:38:10.000 | why didn't Mark Cuban or Vinod Khosla accept this?

00:38:12.000 | Why is this me?

00:38:13.000 | I don't understand what happened here.

00:38:15.000 | - Vinod doesn't have a sense of humor.

00:38:17.000 | - Okay, okay, so...

00:38:19.000 | All right, so yes,

00:38:21.000 | we did waste a little bit of money on this campaign,

00:38:24.000 | but it went to the Vegas sphere.

00:38:27.000 | So did you see the sphere

00:38:29.000 | and how well that was-- the campaign used that money?

00:38:32.000 | So I decided to do a little bit of a post-mortem,

00:38:35.000 | so we called the campaign and talked to Kamala

00:38:37.000 | just to, you know, understand afterwards,

00:38:39.000 | you know, what the reaction was.

00:38:41.000 | Her response stood out to me, actually, pretty profoundly,

00:38:44.000 | so I actually wrote it down.

00:38:45.000 | I wanted to make sure I got it kind of word for word.

00:38:48.000 | She said, and I quote,

00:38:50.000 | "I'm in the arena trying stuff.

00:38:54.000 | "Some will work, some won't,

00:38:58.000 | "but always learning."

00:39:00.000 | And, you know, I actually felt like that was a really good

00:39:04.000 | and profound way to think about the campaign.

00:39:08.000 | So I left a lot better after hearing that.

00:39:12.000 | So now I do want to congratulate David Sachs.

00:39:17.000 | Obviously on his new role in the administration.

00:39:19.000 | Pretty incredible.

00:39:21.000 | The PayPal mafia takeover of the government is now complete,

00:39:24.000 | so good work on that.

00:39:26.000 | [laughter]

00:39:28.000 | You know, I was getting worried, actually.

00:39:30.000 | So they told me about this, actually, like three or four days ago.

00:39:33.000 | Changed the whole plan, obviously, midway.

00:39:35.000 | Nothing about what is going on right now was the plan.

00:39:38.000 | But I had to kind of say a couple lines about each person,

00:39:41.000 | and so David I was getting worried about because I didn't--

00:39:44.000 | you know, sort of, I've been worried for David

00:39:46.000 | because I didn't know what he would do

00:39:48.000 | given Trump promised to end the war in Ukraine.

00:39:50.000 | Like, what else is David going to talk about?

00:39:53.000 | So, you know, I've known David's views on the war in Ukraine,

00:39:59.000 | but I actually didn't know that it was so serious

00:40:02.000 | that you become a czar.

00:40:04.000 | I mean, that's pretty impressive.

00:40:07.000 | Now, what's cool about David's new role,

00:40:10.000 | leading the Council of Advisors for Science and Technology,

00:40:13.000 | you can kind of think about him as, like, the IT guy of the government now.

00:40:16.000 | [laughter]

00:40:18.000 | So if you have any issues with the DMV website, he is your guy.

00:40:23.000 | And you also have the benefit of being the crypto czar,

00:40:26.000 | so I think if you could just let us know at some point in the conversation,

00:40:29.000 | what do you think the price target is on the Hoctua coin?

00:40:32.000 | Like, where are we headed with this?

00:40:36.000 | Now, David works in the government,

00:40:39.000 | which means we have an inside track for some of the besties.

00:40:42.000 | Which I think will be pretty helpful for various positions in the Cabinet.

00:40:46.000 | And I know there's already a pick for this one,

00:40:49.000 | but if a position happens to open up for Transportation Secretary,

00:40:53.000 | maybe you could let them know that Jason was the first investor in Uber.

00:40:57.000 | [laughter]

00:40:59.000 | And I feel like that would make him an expert in this topic.

00:41:03.000 | Third or fourth, I think, actually.

00:41:06.000 | I was just going off of Wikipedia.

00:41:09.000 | [laughter]

00:41:11.000 | I changed it today in anticipation.

00:41:14.000 | Now, unfortunately, Jason's probably disqualified for the Cabinet,

00:41:18.000 | because somehow he's actually even more woke than me.

00:41:21.000 | [laughter]

00:41:22.000 | This guy loves masks more than Anthony Fauci.

00:41:25.000 | He once tweeted--

00:41:29.000 | and I actually want to be very clear about this.

00:41:31.000 | This was in October of 2021.

00:41:34.000 | He once tweeted, "Not to be a narc,

00:41:36.000 | but half the folks are not wearing masks at the Staples Center right now."

00:41:39.000 | [laughter]

00:41:45.000 | Hashtag super spreader.

00:41:47.000 | [laughter]

00:41:49.000 | I added the hashtag, sorry.

00:41:52.000 | Okay, and speaking of COVID, we're going to bring it home now.

00:41:57.000 | Friedberg, I know this situation must be very difficult for you

00:42:02.000 | with RFK Jr. coming on board.

00:42:04.000 | Everyone knows about preppers building out bunkers in case of disaster, right?

00:42:09.000 | Everybody talks about these kind of preppers.

00:42:11.000 | Friedberg's bunker looks a little bit different than everybody else's right now.

00:42:15.000 | Usually you want to stock up on ammo, cans of beans, et cetera.

00:42:18.000 | For Friedberg, it's obviously quinoa, but--

00:42:21.000 | [laughter]

00:42:22.000 | He has one of every vaccine, tons of pesticides,

00:42:25.000 | and a lifetime supply of fluoride packed away.

00:42:28.000 | [laughter]

00:42:29.000 | So we're getting ready for anything that could come next in this government.

00:42:32.000 | Anyway, in all seriousness, thanks for this incredible honor,

00:42:37.000 | whatever this thing is.

00:42:38.000 | I'm extremely optimistic for the path ahead in America.

00:42:42.000 | We have a lot we can get done.

00:42:44.000 | So excited for that. Let's do it.

00:42:45.000 | Thank you. Have a seat. Join us.

00:42:47.000 | Give it up, everybody, for Aaron Levy.

00:42:49.000 | Well done.

00:42:50.000 | Come join us.

00:42:51.000 | All right.

00:42:52.000 | [applause]

00:42:55.000 | Aaron's going to hang out and do the next couple of awards with us.

00:42:58.000 | I just want to say that Aaron is my favorite white dude for Harris.

00:43:02.000 | [laughter]

00:43:05.000 | All right. The official line is beta male for Harris.

00:43:08.000 | That was--you got that wrong.

00:43:10.000 | I'll let Mark Cuban know he's number two.

00:43:12.000 | [laughter]

00:43:14.000 | You know, I just realized I was the Series B investor in both of your companies.

00:43:20.000 | Wow.

00:43:21.000 | You know, it's incredible that David Sachs blew off the typical ceiling that you have

00:43:26.000 | being a B2B SaaS founder.

00:43:28.000 | So this means we have something we can now strive for.

00:43:31.000 | So this is incredible.

00:43:33.000 | All right.

00:43:34.000 | We're going to do another set of awards here.

00:43:36.000 | Let's get this back on track.

00:43:37.000 | But actually, can we be--it was pretty cool, though,

00:43:40.000 | that the literal upcoming president of America mentioned Yammer in a tweet.

00:43:44.000 | I mean, that is actually pretty cool.

00:43:48.000 | That was pretty great.

00:43:49.000 | I was surprised you didn't get a genie mentioned in there.

00:43:51.000 | It's a deep pull.

00:43:53.000 | Let's go over to our next set of awards.

00:43:55.000 | This first one is Best CEO, Not Named Elon Musk.

00:43:58.000 | So this is our yearly award for the Best CEO, Not Named Elon Musk.

00:44:04.000 | Who do you got, Freeberg?

00:44:05.000 | Jensen.

00:44:06.000 | Jensen, an obvious one.

00:44:08.000 | I mean, everyone knows the numbers.

00:44:10.000 | What else is there to say?

00:44:11.000 | Okay.

00:44:12.000 | That guy has been compounding.

00:44:14.000 | And the crazy thing about compounding is if you zoom out at the end,

00:44:17.000 | everything looks pretty slow and flat and steady for a while until the end.

00:44:20.000 | And he's built so many advantages into that business,

00:44:23.000 | and it's finally paying off.

00:44:25.000 | The macro was right, technology advantage, everything.

00:44:27.000 | It's just extraordinary patience, diligence, execution.

00:44:31.000 | Okay, Best CEO, Not Named Elon Musk.

00:44:33.000 | What do you got, Shamak?

00:44:34.000 | Dave Ricks, the CEO of Eli Lilly.

00:44:37.000 | Okay.

00:44:38.000 | Managed to build a billion-dollar company and is just ripping.

00:44:41.000 | Ripping.

00:44:42.000 | Seems unstoppable.

00:44:43.000 | Sax, who's your Best CEO, Not Named Elon Musk?

00:44:47.000 | Well, I mean, Freeberg's right.

00:44:48.000 | If you look at the Mag 7, Jensen had the best performance.

00:44:52.000 | But since that one was taken,

00:44:54.000 | the number two actually was Mark Zuckerberg.

00:44:57.000 | You know, he's--

00:44:58.000 | 5X?

00:44:59.000 | Hold on.

00:45:00.000 | He's been sneaky creeping up there.

00:45:02.000 | I mean, if you look at Facebook's performance or Meta's performance over the last two years,

00:45:06.000 | it's up 500%.

00:45:08.000 | So it has done surprisingly well.

00:45:11.000 | And I will give him credit for back in August,

00:45:15.000 | he wrote a letter basically apologizing for the censorship that Meta had done

00:45:21.000 | exposing the government's role and the FBI's role in the whole Hunter Biden cover-up,

00:45:27.000 | which he did not have to do at that point in time.

00:45:29.000 | It was not clear yet that Trump was going to win the election.

00:45:33.000 | So I think he deserves a little bit of credit for basically--

00:45:36.000 | A little bit?

00:45:37.000 | --for wanting to do the right thing on free speech.

00:45:39.000 | But in all honesty, how long did you make him wait to meet with Donald Trump at Mar-a-Lago last week?

00:45:45.000 | How long was the wait?

00:45:46.000 | Did you put an extra hour on the wait?

00:45:48.000 | Okay. Did you have a best CEO not named Elon Musk, Aaron Levy?

00:45:52.000 | I'm actually going to steal saxes.

00:45:55.000 | Zuck, for a very different kind of reason,

00:45:58.000 | but I think Zuck is our counterpressure on the price of AI right now.

00:46:02.000 | And I think that he has a way of monetizing AI that is--

00:46:08.000 | I mean, Google kind of has a similar thing, but they have a more existential challenge

00:46:11.000 | that I think they're actually doing relatively well kind of dealing with.

00:46:14.000 | And Zuck, just to improve ads, can give away AI for the world

00:46:19.000 | and keep everybody on their toes in terms of driving down the price.

00:46:22.000 | So I think that's good for all of us.

00:46:24.000 | All right. Well done.

00:46:25.000 | I also had Jensen, for obvious reasons.

00:46:27.000 | Let's go with best investor.

00:46:30.000 | The NVIDIA crowd here is great.

00:46:32.000 | Just sponsor the show next year, guys.

00:46:35.000 | You could be in the VIP. You can afford it.

00:46:37.000 | I don't know why you guys are in Section Z.

00:46:41.000 | Unbelievable. Maybe they're frugal.

00:46:43.000 | I guess Jensen's checking those expense accounts.

00:46:45.000 | Who do you got as your best investor, Friedberg?

00:46:48.000 | I just gave the best investor to the best public trade of the year,

00:46:52.000 | which was Druckenmiller, when he shorted treasuries.

00:46:55.000 | Told everyone inflation is not under control yet.

00:46:58.000 | We still have a ways to go.

00:47:00.000 | No one was listening. He shorted treasuries.

00:47:02.000 | We don't know what the actual ins and outs were,

00:47:04.000 | but he has an incredible ability to be so very prescient, very public,

00:47:08.000 | very, like, direct when he has big bets and be right.

00:47:11.000 | Even if it is just a trade, I don't know what net returns are, etc.

00:47:15.000 | But, man, that guy, when he talks, you got to listen.

00:47:19.000 | Chamath, who's the best investor of 2024 in your mind, besides yourself?

00:47:26.000 | I was going to say me, but--

00:47:28.000 | We know.

00:47:31.000 | I'd give it to Michael Saylor.

00:47:33.000 | I think that--

00:47:34.000 | Whoa!

00:47:35.000 | Bitcoin Max is in the back.

00:47:36.000 | I think he's found this incredible--

00:47:39.000 | He's an investor.

00:47:41.000 | I mean, he's the executive chairman of MicroStrategy,

00:47:44.000 | so he's not really involved in the day-to-day.

00:47:46.000 | He's really running their Bitcoin position,

00:47:48.000 | and he's created this massively levered, long Bitcoin play.

00:47:55.000 | He's borrowing money at essentially zero.

00:47:59.000 | His returns are bananas right now.

00:48:01.000 | What could go wrong?

00:48:03.000 | Sax, who is your best investor?

00:48:06.000 | I had Druckenmiller as well for a similar reason,

00:48:09.000 | which is it wasn't just the Treasury bet.

00:48:11.000 | It's the fact that he's been warning for years

00:48:13.000 | that the U.S. fiscal situation is unsustainable.

00:48:16.000 | And in a way, he's like the investor version of Doge.

00:48:20.000 | He's basically saying, "If we don't fix this,

00:48:23.000 | we're going to have a huge, huge problem."

00:48:25.000 | Aaron, do you have a best investor for 2024 you can share?

00:48:29.000 | I think the solo GP kind of cohort,

00:48:33.000 | but Nat Friedman and Daniel Gross,

00:48:37.000 | they're quietly building

00:48:39.000 | probably one of the most powerful AI portfolios

00:48:42.000 | that we're going to see kind of play out.

00:48:45.000 | So they were first in line in this wave,

00:48:47.000 | and I think they're on top of it.

00:48:50.000 | Okay, obviously an LP in the firm.

00:48:52.000 | And so I'm going to go with Peter.

00:48:55.000 | I'm just taking a guess, an educated one.

00:48:58.000 | Best investor for me was Peter Thiel, but on two tracks.

00:49:02.000 | Obviously, Peter's been in some of the great companies

00:49:05.000 | through Founders Fund, including SpaceX.

00:49:07.000 | But he also picked Trump, he also picked Vance,

00:49:09.000 | and he also picked Sachs.

00:49:11.000 | So I think it's undeniable that Peter Thiel

00:49:13.000 | is just a great picker, hands down,

00:49:15.000 | one of the greatest investors,

00:49:17.000 | whether it's in people, politics, or businesses.

00:49:20.000 | So I give it to Peter Thiel.

00:49:22.000 | Let's do our best new product, best new product of 2024.

00:49:27.000 | Aaron, I'm going to start with you this time.

00:49:29.000 | What's the best new product that you launched at Box?

00:49:32.000 | We do, but I'll exclude ourselves from this.

00:49:35.000 | But I think the wave of voice AI I'm most compelled by right now

00:49:41.000 | as sort of the 2024--

00:49:43.000 | you can see the semblance of actually a new paradigm for mobile.

00:49:49.000 | We've kind of had the same thing on mobile for 20 years.

00:49:52.000 | And so the ability to actually, in a high-quality way,

00:49:55.000 | talk to your phone, have it do something,

00:49:58.000 | I think you're starting to see signs.

00:50:00.000 | The latest version of Gemini is just incredibly powerful.

00:50:04.000 | Perplexity has very good work here.

00:50:06.000 | Chat GPT, advanced voice mode.

00:50:08.000 | So I think you're going to start to see this shape

00:50:10.000 | kind of computing in the next couple of years.

00:50:13.000 | Sachs, any new products this year that captured your imagination?

00:50:17.000 | Yeah, I think this is the year that self-driving finally broke through.

00:50:21.000 | Obviously, Tesla's got full self-driving,

00:50:23.000 | but also this Waymo One app, people are going wild over it.

00:50:26.000 | I think this is the year that self-driving broke through,

00:50:29.000 | and I think next year it's going to get bigger and bigger.

00:50:31.000 | Chamath, best new product this year?

00:50:33.000 | I'll pick the 2024 King's Cashmere collection from Loro Piana.

00:50:40.000 | That was my number two.

00:50:42.000 | Exceptional, like a baby's foreskin.

00:50:45.000 | Okay, I think--

00:50:47.000 | I just got a message that Loro Piana made a big drop-off at your house.

00:50:52.000 | Okay, unbelievable.

00:50:54.000 | I would just like to say the best new product of the year

00:50:56.000 | is anything Tom Ford made, so I'd like to pander as well.

00:50:59.000 | What do you got, Freeberg?

00:51:01.000 | I was with Aaron.

00:51:03.000 | I think advanced voice AI is a game-changing new UX.

00:51:07.000 | It's going to change computing, and it's weird.

00:51:10.000 | When you start using it, you can have a dialogue,

00:51:13.000 | learn something you never thought you could learn,

00:51:15.000 | and just ask questions and engage like you're speaking to your own personal tutor.

00:51:19.000 | It's incredible.

00:51:21.000 | Very interestingly, we have two people talking about voice AI,

00:51:24.000 | and Sax, I was with you.

00:51:26.000 | I think this is the year that self-driving is actually manifesting

00:51:29.000 | across nine different companies.

00:51:31.000 | The companies in China, there are six or seven of them actually active,

00:51:34.000 | as well as obviously Waymo and FSD 12.X has been really a major upgrade,

00:51:41.000 | so I went with self-driving.

00:51:43.000 | That's our amazing cohort.

00:51:45.000 | Let's give it up for Mr. Aaron Levy.

00:51:48.000 | Thanks, all. Thank you.

00:52:12.000 | Here's your chart.

00:52:13.000 | We had this great moment of hourly earnings growth going up,

00:52:16.000 | so how much people make on average.

00:52:18.000 | You're probably wondering why I look so bored.

00:52:20.000 | I mean, honestly, I want these dipshits to stop blabbering on,

00:52:24.000 | pass me the ball, and get the f*ck out of the way.

00:52:27.000 | The wine is delicious, by the way.

00:52:29.000 | If only we could do an episode my way.

00:52:34.000 | Hey, everybody, welcome to the All In Podcast.

00:52:37.000 | For the first time ever, I, Chamath, the dictator, am moderating.

00:52:43.000 | I've replaced the besties with a couple of special guests.

00:52:46.000 | We literally have three of the world's greatest minds and bodies on the show.

00:52:53.000 | First up, let me welcome one of Silicon Valley's most legendary investors, Chamath.

00:52:59.000 | Thanks, Chamath.

00:53:00.000 | By the way, that is a beautiful sweater.

00:53:03.000 | Okay, but let's cut the sh*t and let's get right into the show,

00:53:06.000 | because honestly, this could be the best episode ever.

00:53:09.000 | You're right, Chamath.

00:53:10.000 | Let's start with markets today, because we also have

00:53:13.000 | one of the greatest public market prognosticators in the world.

00:53:16.000 | What is going on with the economy, Chamath?

00:53:20.000 | Great question, Chamath.

00:53:21.000 | Well, look, I think the U.S. economy, honestly, is a tightly coiled spring.

00:53:25.000 | The future looks unbelievably bright.

00:53:28.000 | Or we're in a recession.

00:53:29.000 | My gosh, I couldn't have said it better myself.

00:53:31.000 | Okay, guys, let's get into Science Corner next.

00:53:34.000 | We have another brilliant mind on the show,

00:53:37.000 | technically incredible, a scientific genius.

00:53:40.000 | Tell us what you've made, Chamath.

00:53:43.000 | Well, I'm really excited to share that my new company, Shmoshmallow,

00:53:48.000 | has come up with a new way to grow perfect grapes in any weather.

00:53:55.000 | So now every grape can produce a 1992 Chateau Latour.

00:54:01.000 | What? That's incredible!

00:54:03.000 | Can I invest a billion dollars?

00:54:04.000 | Well, we're going to have to see about that, Chamath.

00:54:06.000 | Wow, guys, this truly is the best episode ever.

00:54:11.000 | Orgasmic!

00:54:16.000 | Wow!

00:54:18.000 | Wow.

00:54:19.000 | All right, we're going to move on.

00:54:22.000 | I would watch that show.

00:54:23.000 | We're going to welcome our second in-person award winner.

00:54:26.000 | I would watch that show. I want to see that.

00:54:28.000 | Our second in-person award winner of the night,

00:54:31.000 | our award for second best Botes sister,

00:54:34.000 | please welcome Alex Botes.

00:54:36.000 | All right, friend of the pod.

00:54:38.000 | [music]

00:54:49.000 | Can you guys hear me?

00:54:50.000 | Well, good, because I have some awards to give out as well.

00:54:54.000 | Oh, no.

00:54:56.000 | Chamath, congratulations on the most likely to think of Elon

00:55:00.000 | when making love.

00:55:04.000 | Do you guys remember when Chamath

00:55:06.000 | was posting thirst traps on Twitter?

00:55:09.000 | Imagine being a billionaire so annoying

00:55:12.000 | that you still need a six-pack to get laid.

00:55:18.000 | Next up, please join me in saluting

00:55:21.000 | America's first czar, All Hail Sax.

00:55:28.000 | Congratulations on no longer being the least successful

00:55:31.000 | of the PayPal mafia.

00:55:33.000 | [laughter]

00:55:36.000 | Oh, that one stung.

00:55:39.000 | It's good to see J-Cal laughing.

00:55:42.000 | I'm surprised you showed your face tonight

00:55:44.000 | after Palmer Lucky annihilated you last summit.

00:55:49.000 | Congratulations on proving that ass-kissing can be a career.

00:55:54.000 | This year, you win most investments, least exits award.

00:55:58.000 | Thank you. Thank you.

00:56:01.000 | Okay, guys, this next one is a little bit spicy.

00:56:05.000 | J-Cal gets pegged by the VC industrial complex,

00:56:09.000 | and each time he whimpers "Uber" as his safe word.

00:56:15.000 | And last but not least, David Friedberg,

00:56:19.000 | the human equivalent of Soylent.

00:56:22.000 | Oh! Ooh!

00:56:25.000 | Jamaad likes that.

00:56:26.000 | Friedberg definitely got bullied all his life,

00:56:29.000 | but lucky for him, being autistic is now trendy.

00:56:34.000 | But, hey, I got to give credit where it's due.

00:56:37.000 | Friedberg, thank you for making the world a better place

00:56:41.000 | for Monsanto shareholders.

00:56:43.000 | [laughter]

00:56:45.000 | Thank you very much, everyone. I'm Alex Bowden.

00:56:47.000 | Okay. Thank you, Alex Bowden.

00:56:49.000 | [cheers and applause]

00:56:52.000 | All right.

00:56:54.000 | Wow.

00:56:55.000 | Well, you know, let's do our congratulations.

00:56:57.000 | Alex, welcome back to the stage.

00:56:59.000 | Thank you for having me.

00:57:00.000 | It's great to see you.

00:57:01.000 | Last time you were here, you beat three or four of us

00:57:04.000 | at the same time playing chess.

00:57:06.000 | Two of four.

00:57:07.000 | Two of four, and what?

00:57:09.000 | She had a push with one of you, a stomach?

00:57:11.000 | I blundered the queen, but I won on time.

00:57:13.000 | Okay, you won on time.

00:57:14.000 | I don't really give it to myself.

00:57:16.000 | How much have you been thinking about your defeat by Saks

00:57:19.000 | over the last six months?

00:57:21.000 | Clearly a lot after that roast.

00:57:23.000 | Yes, it explains a lot.

00:57:25.000 | Not that you're competitive.

00:57:26.000 | You know, we have some amazing awards to give.

00:57:29.000 | Let's go with our favorite media, favorite media of 2024.

00:57:33.000 | Did you have a favorite media pick, Saks?

00:57:35.000 | Well, it's got to be podcasts, and I don't just mean our own.

00:57:38.000 | Like, pretty much all I watch these days are just podcasts,

00:57:41.000 | you know, so I never watch any network TV anymore.

00:57:44.000 | Do you have a specific one that comes to mind?

00:57:48.000 | Well, if--

00:57:49.000 | It begins with a T.

00:57:51.000 | If I could only pick one that's not us,

00:57:54.000 | there's a podcast called The Duran

00:57:56.000 | that I like a lot on international affairs,

00:57:59.000 | so check that one out.

00:58:00.000 | Oh, okay, deep pull, deep pull.

00:58:02.000 | Tucker's going to be brokenhearted.

00:58:04.000 | Chamath, favorite media, 2024.

00:58:06.000 | This is--the director is a friend of ours.

00:58:09.000 | His name is Francesco Carozzini.

00:58:11.000 | The show is called Super Sex on Netflix.

00:58:15.000 | It is about the life of the Italian porn star Rocco Soffredi.

00:58:20.000 | It's phenomenal.

00:58:22.000 | It builds, there's drama, it's about his life as a kid,

00:58:26.000 | it's his relationship with his mom,

00:58:28.000 | his relationship with his older brother.

00:58:31.000 | It's really good.

00:58:33.000 | Super Sex on Netflix.

00:58:35.000 | Okay, so Chamath just picked Pornhub for his favorite media.

00:58:40.000 | Great, deep pull, so to speak.

00:58:44.000 | Freeberg?

00:58:45.000 | Dune 2.

00:58:47.000 | Come on, it was unbelievable.

00:58:49.000 | I did not think that Dune 2 could beat Dune.

00:58:52.000 | The black--I mean, you saw, you're a little--

00:58:55.000 | Don't act like you're not a nerd on the cinema right now.

00:58:59.000 | You can't do that.

00:59:00.000 | Dune 2 is pretty great.

00:59:01.000 | It's pretty amazing.

00:59:02.000 | You know, I wanted to come up with something a little bit more recent,

00:59:05.000 | so I went with Day of the Jackal.

00:59:07.000 | It's a new show based on the 1970s thriller.

00:59:09.000 | I just watched episode 8.

00:59:10.000 | Nat and I watched it before we came up.

00:59:12.000 | Good.

00:59:13.000 | Great, episode 8.

00:59:14.000 | Have you seen episode 8?

00:59:16.000 | I watched episode 8.

00:59:17.000 | Yes, it's great.

00:59:18.000 | Awesome.

00:59:19.000 | Phenomenal.

00:59:20.000 | So just, you know, great pull.

00:59:21.000 | Alex, what do you got?

00:59:22.000 | Any favorite media for 2024?

00:59:25.000 | Hawk 2 Up, but listen up, not what she did with the meme coin,

00:59:29.000 | but I've never seen anybody ride her 15 seconds of stardom

00:59:34.000 | the way she was able to do,

00:59:35.000 | especially when it's so hard to become viral across all platforms nowadays.

00:59:40.000 | She was like a top 10 podcast for a couple weeks, right?

00:59:44.000 | Yeah, I think she peaked at number three.

00:59:46.000 | Yeah, it is pretty incredible.

00:59:47.000 | Inside story, the week Hawk 2 Up happened,

00:59:51.000 | we were going to have her on the pod.

00:59:52.000 | Sax and I were like, "Yeah, great pull.

00:59:54.000 | We should do it."

00:59:56.000 | And guess who spiked it?

00:59:58.000 | Not Shamov.

01:00:00.000 | We could have had Hawk 2 Up on the pod to talk about Ukraine,

01:00:04.000 | to talk about Kamala.

01:00:06.000 | I mean, the world needed to know her take.

01:00:09.000 | Let's--imagine right after that clip comes out,

01:00:12.000 | let's have a bunch of guys talk to her and be like,

01:00:15.000 | "Yeah, what do you think?"

01:00:16.000 | and not look like a bunch of creepers.

01:00:18.000 | That would have been a terrible idea.

01:00:21.000 | I still stand by the strike.

01:00:22.000 | Your editorial instincts remain terrible.

01:00:26.000 | Sax, best startup of the year.

01:00:29.000 | I'm just going to use this to promote my own thing.

01:00:32.000 | Yes, of course.

01:00:33.000 | I go glue, I go glue.

01:00:34.000 | Glue, of course.

01:00:35.000 | Fantastic.

01:00:36.000 | Shamov, your best startup of the year.

01:00:38.000 | I'm going to go with O'Halo.

01:00:40.000 | Oh, wait a second.

01:00:42.000 | I want grapes the size of my balls.

01:00:47.000 | I want strawberries--hold on.

01:00:49.000 | I want strawberries the size of women's boobs.

01:00:53.000 | I want potatoes the size of butt cheeks.

01:00:56.000 | It's going to be fabulous.

01:00:57.000 | The world's going to be incredible.

01:00:58.000 | But you have not--none of them--

01:00:59.000 | No, no, no.

01:01:00.000 | Kidding aside, I do think what Freeberg is doing is bananas.

01:01:04.000 | But true story, none of us have been able to wet our beaks in O'Halo yet.

01:01:08.000 | None of us except Founders Fund.

01:01:09.000 | No, he offers us a chance to invest every time a round is closed

01:01:13.000 | and a new valuation is set.

01:01:15.000 | Unbelievable.

01:01:16.000 | With friends like this.

01:01:17.000 | Freeberg, would you like to commit at getting us all in?

01:01:19.000 | Well, now I've got to say 80/90 and glue.

01:01:21.000 | I mean, it's tied.

01:01:23.000 | But I will say we've obviously talked a lot about the thesis behind 80/90.

01:01:27.000 | I'm an investor; you're an investor.

01:01:30.000 | But I put Anderle as my winner because--

01:01:33.000 | Yeah, friend of the pod, Palmer Lucky.

01:01:35.000 | I will say just talking about the collapse of Boeing, the new administration,

01:01:40.000 | and the number of people that are around Anderle that are also now around the administration

01:01:43.000 | creating a merit-based system for defense spending

01:01:46.000 | to kind of upgrade systems and strategies in defense, it's inevitable.

01:01:50.000 | If you look at what China's doing, the U.S. is going to have to respond accordingly.

01:01:54.000 | He's like another one of these crazy people which is like,

01:01:57.000 | how does he go from building a VR headset to--

01:01:59.000 | Well, he also made this game system called Chromatic.

01:02:02.000 | I mean, he's incredible.

01:02:03.000 | The guy's a genius.

01:02:04.000 | But, I mean, the whole business is set up with just a great group of investors.

01:02:08.000 | It's perfectly aligned.

01:02:09.000 | The macro is right.

01:02:10.000 | I just think that that's going to be the next Boeing.

01:02:12.000 | Yeah, great timing.

01:02:13.000 | It's of the moment.

01:02:14.000 | What do you got, Alex?

01:02:15.000 | Do you have a great favorite startup?

01:02:16.000 | I like Anthropic because I like Claude a lot.

01:02:19.000 | And also, I'm not going to say OpenAI

01:02:22.000 | because I don't know what they're going to do with all the rumors lately,

01:02:25.000 | but I do use ChatGPT even more.

01:02:27.000 | Okay, well done.

01:02:28.000 | And I picked Athena, one of our great investments this year

01:02:31.000 | that has tripled revenue.

01:02:33.000 | I'm very proud of the team over there.

01:02:35.000 | Let's go with biggest flop.

01:02:37.000 | Do you have a biggest flop, Chamath, this year?

01:02:40.000 | Okay, this is going to be a controversial take.

01:02:43.000 | I think the biggest--I don't want to say it's a flop,

01:02:49.000 | but I think the biggest disappointment of this year, to me, was OpenAI.

01:02:54.000 | I'll tell you why.

01:02:55.000 | I think they are the most at risk,

01:02:59.000 | mostly because of things that are out of their control.

01:03:02.000 | So, number one, I think the quality of these models have hit a wall,

01:03:08.000 | and it's the folks that own private information--

01:03:13.000 | for example, what Elon owns through X--

01:03:17.000 | that is going to make the game changer in the quality of the models.

01:03:20.000 | Two, he's actually bought now not just the largest NVIDIA cluster,

01:03:27.000 | but he's promised to buy 900,000 more.

01:03:30.000 | Do you know what happens when you buy 100,000

01:03:32.000 | and then promise to buy 900,000?

01:03:35.000 | Not only are you at the front of the line, you consume NVIDIA's attention.

01:03:40.000 | And what that means is it's going to be so hard for everybody else

01:03:44.000 | to get a hold of what they need to train.

01:03:47.000 | I think it's a very tricky situation for those guys.

01:03:52.000 | Sax, you got a biggest flop for the year? Biggest flop?

01:03:56.000 | My biggest flop was the self-declared knucklehead, Tim Waltz,

01:04:02.000 | from Minnesota.

01:04:06.000 | Freeberg?

01:04:07.000 | Apple Vision Pro.

01:04:09.000 | Apple Vision Pro?

01:04:10.000 | Yeah, I think it's a great start. It feels like the Apple Newton.

01:04:13.000 | It's definitely going to usher in kind of a new computing platform,

01:04:16.000 | but it's definitely not prime-time ready, as we saw with the sales.

01:04:20.000 | Alex, did you have a biggest flop for the year?

01:04:22.000 | The Netflix cover of the Jake Paul-Mike Tyson fight.

01:04:26.000 | It was their first--

01:04:27.000 | Oh, yeah.

01:04:28.000 | Good call, good call.

01:04:29.000 | That was a good one, yeah.

01:04:30.000 | I mean, they were into live sports,

01:04:32.000 | and they just couldn't keep up with the streaming capabilities,

01:04:34.000 | and then they got hit with a $50 million lawsuit.

01:04:37.000 | Do you think it was fake?

01:04:39.000 | Do I think it was fake?

01:04:41.000 | I don't think so.

01:04:42.000 | I think Mike Tyson actually needed the money,

01:04:44.000 | and that's probably why he fought.

01:04:47.000 | But you think he tried fully, like he went--

01:04:49.000 | I think he tried his best.

01:04:51.000 | Yeah.

01:04:52.000 | Doesn't your sister box?

01:04:54.000 | Doesn't your sister do boxing?

01:04:56.000 | My sister does box, yeah,

01:04:57.000 | but tonight she'll be DJing at the after party.

01:04:59.000 | She'll be kicking ass on the ones and the twos.

01:05:02.000 | Yeah.

01:05:03.000 | You know, Friedberg used to DJ in college.

01:05:06.000 | I heard Friedberg used to rave, actually.

01:05:08.000 | Is that true?

01:05:09.000 | Yes.

01:05:10.000 | Friedberg used to drop the beat.

01:05:13.000 | Yes.

01:05:16.000 | My biggest--

01:05:17.000 | It doesn't get old.

01:05:18.000 | I mean, what do I say?

01:05:19.000 | My biggest flop was Boeing's Starliner embarrassment.

01:05:22.000 | I mean, if you bring astronauts up to the space station,

01:05:25.000 | you're kind of obligated to get them back down.

01:05:27.000 | That's true.

01:05:28.000 | Yeah.

01:05:29.000 | That's-- I can't think of anything worse than that.

01:05:32.000 | That's a great-- that's a great call, actually.

01:05:34.000 | Okay.

01:05:35.000 | Thank you, Alex, for joining us.

01:05:36.000 | Let's thank Alex Botez.

01:05:37.000 | Well done.

01:05:38.000 | Big round of applause for our friend of the pod, Alex Botez.

01:05:40.000 | And by the way--

01:05:41.000 | Thank you.

01:05:42.000 | [music]

01:05:52.000 | All right, we have one more award to do.

01:05:54.000 | Two more awards.

01:05:55.000 | Two more awards.

01:05:57.000 | Here we go.

01:05:58.000 | The biggest sports story and the moment of the year.

01:06:02.000 | Biggest sports story, a little sports in here,

01:06:05.000 | and then the moment of the year.

01:06:07.000 | Chamath, do you have the biggest sports story of the year?

01:06:11.000 | I think it's Brawny James playing with his dad, LeBron.

01:06:18.000 | I think it was an incredible moment,

01:06:20.000 | and I think LeBron deserved it for everything he's done for the NBA.

01:06:24.000 | All right, well done.

01:06:25.000 | What about you, Sax?

01:06:26.000 | Do you have a best sport?

01:06:28.000 | I know you're not physically active at all, but do you have a sports--

01:06:34.000 | Well, I think the biggest sports story of the year was the Olympics,

01:06:37.000 | and really the memes that came out of the--

01:06:39.000 | I didn't really watch the Olympics.

01:06:41.000 | I just saw the memes.

01:06:42.000 | That's what I was in it for.

01:06:44.000 | And we had that trans last supper.

01:06:47.000 | There was that shooter from Turkey, and the pole vaulter.

01:06:55.000 | Pole vaulter, yeah.

01:06:56.000 | Remember the pole vaulter?

01:06:57.000 | Yeah, Chamath.

01:06:58.000 | He was moonlighting as the pole vaulter.

01:07:00.000 | That's happened to me a couple times.

01:07:02.000 | That was what I remember.

01:07:03.000 | Pole vaulter was pretty depressing.

01:07:05.000 | Freiburg?

01:07:06.000 | I went with Australian hip-hop at the Olympics.

01:07:10.000 | Australian hip-hop at the Olympics.

01:07:11.000 | But I do think that that moment really kind of showed everyone

01:07:16.000 | how ridiculous things had gotten.

01:07:20.000 | And it was like, at least in certain circles,

01:07:23.000 | it felt very resident of a broader set of things that were happening.

01:07:26.000 | And everyone was like, "How is this an Olympic sport?

01:07:30.000 | How is this happening?"

01:07:31.000 | And it made a lot of people start to question the sanity

01:07:34.000 | of a lot of the institutions around us and things that were going on.

01:07:37.000 | Yeah, and I too thought the biggest moment in sports was at the Olympics,

01:07:40.000 | and just gender in sports generally as a topic,

01:07:43.000 | which we're going to need to get through as a society,

01:07:46.000 | where we have not only transgender individuals but intersex folks.

01:07:50.000 | We need to work this issue out in good faith and have, I think,

01:07:53.000 | a thoughtful dialogue about it, specifically with the boxing

01:07:56.000 | and some of the other sports.

01:07:58.000 | Let's go to our moment of the year.

01:08:00.000 | The moment of the year.

01:08:02.000 | I'll kick it off, Sax.

01:08:04.000 | I thought the moment of the year for me was not the assassination attempt

01:08:08.000 | at Trump, obviously, but his reaction to it.

01:08:11.000 | When he got up and he pumped his fist and he said, "Fight, fight, fight,"

01:08:14.000 | I think you got an idea of his character and that he wasn't going to give up.

01:08:18.000 | [applause]

01:08:20.000 | And thank God that he wasn't hit by that bullet.

01:08:24.000 | I know it was an inch.

01:08:25.000 | Yeah, 100%. I mean, that was mine too, 100%.

01:08:27.000 | That was like the moment of the year, the photo of the year.

01:08:30.000 | That's the image we're always going to remember.

01:08:32.000 | Pretty iconic, yeah.

01:08:34.000 | What do you got for the moment of the year, Chamath?

01:08:38.000 | March 16th.

01:08:41.000 | It was a Saturday.

01:08:43.000 | It was the greatest sexual encounter of my life.

01:08:46.000 | [laughter]

01:08:47.000 | I gave Nat an enormous internal "oh."

01:08:50.000 | All by myself.

01:08:52.000 | Wait, wait.

01:08:54.000 | [laughter]

01:08:58.000 | Okay, so wait, the greatest moment of the year

01:09:01.000 | was the sexual encounter that you had--

01:09:05.000 | With my wife.

01:09:06.000 | With your wife.

01:09:08.000 | Really, you know, it's interesting.

01:09:10.000 | I think we all got the tsunami warning when that happened.

01:09:13.000 | It was pretty-- it shattered the whole Bay Area.

01:09:17.000 | Freeberg, would you like to also pick the 17 seconds

01:09:21.000 | of your latest sexual encounter?

01:09:23.000 | [laughter]

01:09:27.000 | It was the Trump assassination attempt.

01:09:31.000 | So we had consensus here

01:09:34.000 | of what the most iconic moment of the year was.

01:09:37.000 | When it happened, I was sitting outside

01:09:39.000 | having beer with a bunch of people.

01:09:41.000 | And I remember there was, like, 12 of us.

01:09:43.000 | And we looked around the table, and everyone was like,

01:09:45.000 | "He just won the election."

01:09:47.000 | That was it.

01:09:48.000 | It was, like, in that moment, I knew--

01:09:50.000 | It felt like that was it.

01:09:51.000 | So I think it defined the year.

01:09:55.000 | Okay, so that concludes

01:09:58.000 | all of the amazing awards we've given.

01:10:00.000 | That is.

01:10:01.000 | That's our awards.

01:10:02.000 | Do you want to do a--

01:10:04.000 | I don't know, maybe end with a little Christmas card?

01:10:06.000 | What you're grateful for, looking forward,

01:10:08.000 | hope for the New Year, and then we'll kind of--

01:10:10.000 | Well, you know, it's always a good time

01:10:11.000 | at the end of the year to reflect

01:10:13.000 | on the pod, on the community,

01:10:16.000 | and what we all experienced this year.

01:10:19.000 | Obviously, a major eventful year.

01:10:22.000 | Looking into next year,

01:10:23.000 | maybe what we learned this year,

01:10:25.000 | having just great conversations

01:10:28.000 | on the pod and off the pod,

01:10:30.000 | in the group chat, at the summit.

01:10:33.000 | Any reflections on the year that was, Shamath?

01:10:36.000 | And then maybe some hope for 2025.

01:10:41.000 | I'll just remind everybody that we are

01:10:44.000 | the sum of our family and our friends.

01:10:47.000 | This year, you moved away,

01:10:50.000 | which is really heartbreaking.

01:10:53.000 | One of our really great friends in the poker game

01:10:57.000 | has been struggling with

01:10:59.000 | a bunch of very serious health issues.

01:11:03.000 | So it's just a reminder for me that,

01:11:07.000 | you know, it just goes by really fast.

01:11:09.000 | I feel really lucky to be around you guys.

01:11:12.000 | I feel really lucky that folks like you exist.

01:11:16.000 | Thank you for listening.

01:11:18.000 | I love all of you.

01:11:20.000 | Thank you.

01:11:23.000 | Saks, would you like to try to channel emotion

01:11:27.000 | as we wrap up the show and reflect on

01:11:30.000 | feelings that might have come up

01:11:34.000 | inside of that meat sack, yeah, over there?

01:11:41.000 | Call him a meat sack?

01:11:43.000 | I mean, to be honest, I was starting to feel

01:11:45.000 | really annoyed with you, J. Cal, on the pod.

01:11:48.000 | I wasn't sure how much longer I could put up with it,

01:11:51.000 | to be perfectly frank.

01:11:53.000 | But, you know, tonight,

01:11:55.000 | you kind of remind me why it's fun to do this.

01:11:58.000 | Oh, thank you.

01:11:59.000 | And so, yeah, I'm very happy to be here tonight

01:12:01.000 | and be part of this.

01:12:03.000 | Well, yeah, reflecting on it, thank you.

01:12:06.000 | I, too, am reminded

01:12:09.000 | how absolutely insufferable it is

01:12:12.000 | to talk about Ukraine every week.

01:12:15.000 | But that I love you and spending time with you,

01:12:19.000 | all three of you, and debating this

01:12:22.000 | and learning together and growing as men

01:12:25.000 | and maybe trying to help and give back.

01:12:28.000 | You know, there's so many positive things

01:12:30.000 | that come out of a good faith discussion.

01:12:33.000 | And, you know, we argue, we fight, we debate,

01:12:37.000 | but we always come together every week

01:12:39.000 | and we start it all over again.

01:12:41.000 | And we are cantankerous and we're perfectionists

01:12:45.000 | and we really try to make this a great product

01:12:48.000 | and we really care about the audience.

01:12:50.000 | And it's just so wonderful that we didn't quit.

01:12:53.000 | I remember we had that conversation in the beginning

01:12:55.000 | and Chamath was saying, like, you know,

01:12:57.000 | "How does this become successful?"

01:12:58.000 | And I said, "It becomes successful

01:13:00.000 | if we just show up every week.

01:13:02.000 | If we just show up every week, it's going to work

01:13:04.000 | and it's going to be great."

01:13:05.000 | And, you know, here we are going into year five

01:13:07.000 | and I'm just so happy that we didn't quit.

01:13:10.000 | [cheers and applause]

01:13:12.000 | And that we kept going forward.

01:13:14.000 | And I hope that we can all do this in 30 or 40 years

01:13:17.000 | in diapers, in a nursing home somewhere in Italy.

01:13:20.000 | I hope we do this for the rest of our lives

01:13:23.000 | because it's been such an incredible joy.

01:13:25.000 | And, man, I just love the fact that y'all come out

01:13:27.000 | and stop us at airports or take a selfie

01:13:31.000 | and tell us what you think of the show.

01:13:33.000 | Friedberg, any thoughts on the year that was

01:13:36.000 | and the pod and, you know, this incredible moment of sacks?

01:13:41.000 | Many times when I was going to quit this show

01:13:43.000 | and I think how much I really don't like J. Kell.

01:13:46.000 | That's the theme and the reflections.

01:13:49.000 | And then sometimes I'll sit in my bath,

01:13:52.000 | I'll have my feet up, and I'll think to myself,

01:13:55.000 | "Man, I love J. Kell."

01:13:58.000 | And for all the challenges that each of us have,

01:14:03.000 | I'm very grateful for the moment of being here with you guys.

01:14:06.000 | It's made a huge impact on my life

01:14:07.000 | that I never thought would be the case.

01:14:09.000 | Thank you.

01:14:10.000 | I also think we're in an amazing moment.

01:14:14.000 | The United States, certain people in the United States

01:14:16.000 | are really blessed and do really well.

01:14:18.000 | There's a lot of challenges

01:14:19.000 | and a lot of things that need to be fixed

01:14:21.000 | and a lot of people that struggle a lot.

01:14:23.000 | And outside the United States,

01:14:24.000 | there's a lot more people that struggle a lot.

01:14:26.000 | And I'm really hopeful that--

01:14:29.000 | I really do believe that technology drives prosperity

01:14:32.000 | and that technology and kind of the ability for technology

01:14:37.000 | to kind of transform lives around the world

01:14:39.000 | can help everyone.

01:14:40.000 | And I'm very hopeful because I have not been hopeful

01:14:43.000 | in this way in a long time.

01:14:45.000 | And I think that over the next couple of years,

01:14:47.000 | there will be an amazing kind of evolution

01:14:51.000 | that'll be unleashed in prosperity

01:14:53.000 | that will really make a big impact.

01:14:55.000 | So I'm super helpful, super happy, and super excited.

01:14:58.000 | Yeah, that's a great note, great note.

01:15:00.000 | Thank you to the amazing band tonight.

01:15:03.000 | Very well done.

01:15:04.000 | Big round of applause for the band and the production team.

01:15:07.000 | That's it. Well done.

01:15:08.000 | Let's get some founder mode. Come on.

01:15:10.000 | Yeah, let's get some founder mode.

01:15:11.000 | Happy holidays!

01:15:12.000 | Happy holidays, everybody!

01:15:13.000 | We'll see you at the party!

01:15:16.000 | [cheers & applause]

01:15:18.000 | [trumpet solo]

01:15:21.000 | [cheers & applause]

01:15:24.000 | [trumpet solo]

01:15:27.000 | [cheers & applause]

01:15:30.000 | [trumpet solo]

01:15:33.000 | [cheers & applause]

01:15:36.000 | [trumpet solo]

01:15:39.000 | [cheers & applause]

01:15:42.000 | [trumpet solo]

01:15:45.000 | [cheers & applause]

01:15:48.000 | [trumpet solo]

01:15:51.000 | [cheers & applause]

01:15:54.000 | [trumpet solo]

01:15:57.000 | [cheers & applause]

01:16:00.000 | [trumpet solo]

01:16:03.000 | [cheers & applause]

01:16:06.000 | [trumpet solo]

01:16:09.000 | [cheers & applause]

01:16:12.000 | [trumpet solo]

01:16:15.000 | [cheers & applause]

01:16:18.000 | [trumpet solo]

01:16:21.000 | [cheers & applause]

01:16:24.000 | you

01:16:26.060 | you

The All-In Holiday Spectacular

Chapters