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E133: Market melt-up, IPO update, AI startups overheat, Reddit revolts & more with Brad Gerstner

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Coronavirus, Startups, Learn, Chamath, Investing, Davidsacks, Business, Alllin, Iq, Calacanis, Poker, Health, Jason, Technology, Sacks, Grow, Entrepreneurship, Friedberg, Money, Covid19, Gambling, Davidfriedberg, Allin, Palihapitiya, Tech, Tips

4.45.8K Ratings

🗓️ 16 June 2023

⏱️ 118 minutes

🧾️ Download transcript

Summary

(0:00) Bestie intros: Chamath flies public + Poker recap

(8:12) FED pauses hikes momentarily, IPO window status, state of the market

(25:10) Film, cold plunge, and sauna talk

(33:25) AI's impact on tech and growth stocks surging, Google's position, AI's "$20T question"

(50:27) Jay Trading beating the market, how Brad formulates and sizes public bets, how GPs should handle distributions, CalPERS mistakes

(1:04:22) Reddit moderators in revolt and how this issue might reshape the future of social apps

(1:15:11) Funding landscape for AI startups is overheating: Mistral's $100M+ Seed round, importance of constraints, and more

(1:44:17) Science corner: Understanding the Bill Gates-funded mosquito project in Colombia

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

https://twitter.com/altcap

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.cnbc.com/2023/06/14/fed-rate-decision-june-2023.html

https://fred.stlouisfed.org/series/FEDFUNDS

https://www.reuters.com/markets/deals/intel-talks-be-anchor-investor-arm-ipo-source-2023-06-13

https://www.reuters.com/markets/deals/softbanks-arm-registers-blockbuster-us-ipo-sources-2023-04-29

https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai

https://www.bloomberg.com/news/articles/2023-06-13/databricks-hits-1-billion-in-annual-sales-while-adding-data-warehouse-tool

https://www.gamesindustry.biz/nvidias-acquisition-of-arm-cancelled-due-to-significant-regulatory-challenges

https://bard.google.com

https://coda.io/@presh-dineshkumar/jay-trading

https://www.ft.com/content/86b49e10-3dd2-4427-b70b-993bad47b061

https://www.cnbc.com/2023/06/14/calpers-to-increase-venture-capital-investments-despite-tech-turmoil.html

https://www.theverge.com/2023/6/12/23755974/reddit-subreddits-going-dark-private-protest-api-changes

https://reddark.untone.uk

https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html

https://www.bbc.com/news/technology-20554441

https://digiday.com/media/twitters-third-party-app-problem

https://www.wired.com/2015/07/reddit-ceo-ellen-pao-steps-down-huffman-replacement

https://www.platformer.news/p/meta-is-building-a-decentralized

https://www.ft.com/content/cf939ea4-d96c-4908-896a-48a74381f251

https://twitter.com/natfriedman/status/1668650915505803266

https://www.kickstarter.com/projects/1523379957/oculus-rift-step-into-the-game

https://openai.com/blog/function-calling-and-other-api-updates

https://twitter.com/RobertKennedyJr/status/1667616444996104196

https://www.womenshealthnetwork.com/hormonal-imbalance/sunscreen-ingredients-that-mess-with-your-hormones

Audio player

Transcript

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0:00.0

I'm so fucking tired. I've slept six hours in three and a half days six hours. So wait, you went to the world

0:07.3

Are you a poker with?

0:09.6

Helm you so you spent no no first of all I flew public

0:13.0

Took Southwest what yeah, cost me $49. Yeah, cost I got to take it for 49 bucks

0:18.8

It's so fucking incredible. Did you sit and seat a one also known as Jake house reserve seat?

0:23.5

It has my name on it. What was in the front row? Yeah, you it's great like Southwest has these numbers

0:29.0

And what they do is first class on Southwest. No, no, no, no premium

0:33.4

Plus he was in the front row. No, there's like these signs that that like have a number that attaches to your ticket

0:39.3

And then you stand in that line and then you go on in this orderly way

0:42.2

And so I was I had like a five or something so I was like the fifth person on and

0:47.7

Then I sat in the front and I put my bags up top. Yeah, you carried your bags

0:52.6

Yeah, an hour later. I was in Vegas. It was so easy Southwest is phenomenal and then I flew back

0:57.6

Anyways, and after after losing as much money as I did it felt good to fly for $49. I got to be honest with you

1:03.1

Well, I'll scourady measures have

1:04.9

You can sleep better at night without sturdy measures

1:07.9

And did you go to the all you can eat buffet and take it to go as well? No, I never do that

1:27.3

Why did you fly Southwest? Why did I fly Southwest? Well the planes in Europe with that that's number one and then two

1:35.5

I just wanted some flexibility to get in and out depending on when I busted these tournaments

1:40.5

So let me tell you about these tournaments

1:43.3

The hundred K is literally like the murderers row of like every great poker pro so it was like 96 of us or something

1:52.0

I got to be honest with you it was so much fun

1:57.6

So much fun why how so you know that we play 40 minute levels and

...

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