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All-In with Chamath, Jason, Sacks & Friedberg

Iran War, Oil Shock, Off Ramps, AI's Revenue Explosion and PR Nightmare

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Technology, Entrepreneurship, Business

4.010.4K Ratings

🗓️ 13 March 2026

⏱️ 80 minutes

🧾️ Download transcript

Summary

(0:00) The Besties welcome Brad Gerstner!

(3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms

(19:18) Off ramp strategies, Gulf state involvement, the China angle

(27:05) Anthropic and OpenAI scaling revenue faster than any company ever

(46:11) AI's PR disaster, open source's future

(1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Referenced in the show:

https://www.google.com/finance/quote/BZW00:NYMEX

https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html

https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26?post-id=cmmnhwyod000l3b6wdinc1dw5

https://www.wsj.com/world/middle-east/ending-iran-war-quickly-carries-big-risks-for-the-u-s-and-allies-60c003de

https://polymarket.com/event/us-forces-enter-iran-by

https://x.com/altcap/status/2029223717356879931

https://www.wsj.com/business/energy-oil/iea-proposes-largest-ever-oil-release-from-strategic-reserves-275f4e5c

https://www.wsj.com/opinion/iran-war-oil-operation-epic-fury-mojtaba-khamenei-0d2edb9c

https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26

https://x.com/sentdefender/status/2031827082934665293

https://polymarket.com/event/balance-of-power-2026-midterms

https://polymarket.com/event/march-inflation-us-annual

https://www.ft.com/content/7cab4ec7-4712-4137-b602-119a44f771de

https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic

https://www.axios.com/2026/03/06/pentagon-anthropic-amodei-apology

https://www.ft.com/content/97bda2ef-fc06-40b3-a867-f61a711b148b

https://x.com/WallStreetMav/status/2032115119879045512

https://x.com/TheChiefNerd/status/2032012809433723158

https://www.nbcnews.com/politics/politics-news/poll-majority-voters-say-risks-ai-outweigh-benefits-rcna262196

https://hai.stanford.edu/news/most-read-the-stanford-hai-stories-that-defined-ai-in-2025

https://x.com/DrTechlash/status/2030734402339365220

https://www.semafor.com/article/12/07/2025/ai-critics-funded-ai-coverage-at-top-newsrooms

https://www.cbsnews.com/news/howard-schultz-starbucks-ceo-leaving-seattle-washington-millionaire-tax/

https://www.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363

https://x.com/chamath/status/2032135944284094910

https://www.hoover.org/research/net-present-value-billionaire-tax-act-assessment-fiscal-effects-californias-proposed

https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025

https://www.sanders.senate.gov/press-releases/news-sanders-and-khanna-introduce-legislation-to-tax-billionaire-wealth-and-invest-in-working-families

Transcript

Click on a timestamp to play from that location

0:00.0

All right, everybody, welcome back to the number one podcast in the world. Freeberg's out saving the

0:04.4

world, creating new potatoes or, I don't know, Kinwa, maybe some Brussels sprouts. I'm not sure what he's

0:09.3

working on at this point in his place. His personal favorite bestie, he always says that. When I'm not

0:14.3

here, I want Brad Gerstner in the seat. Welcome back. We haven't seen you on the pod since your shoutout the state of the union take

0:23.9

us behind the scenes for a brief moment here Brad of what it's like to get a shout out from

0:29.0

podis at the state of did you know it was coming did you choreographed to this thing did

0:33.6

you did you choreographed that or was? I honestly had no idea it was coming.

0:38.3

And in fact, I found out after the fact that it wasn't in the speech and the president added it to the speech.

0:44.3

So I don't even think it was, you know, a few days before going to happen.

0:48.3

But we got an invite to the State of the Union and, you know, listen, it's an institution.

0:53.3

This has happened every year for 250 years of the union. And, you know, listen, it's an institution. This has happened every year for

0:55.5

250 years in the country. I've never been. I thought, I did know he was going to talk about Trump

1:01.0

accounts. So I figured if I'm ever going to go, that's the time to go. And I have to say, you know,

1:05.5

I'm just a sucker for democratic institutions and democratic traditions. It was an extraordinary

1:10.4

night. Set aside,

1:12.2

you know, the headlines about what Democrats did or Republicans did, just the, whether it's a

1:16.1

Democrat president or Republican president, that this happens every year. You have to go report

1:20.0

on the state of the union. So it was a special night, did dinner ahead of time. We're in the

1:24.4

chamber. The chamber, as you all know, is very small. And so, you know,

1:28.6

just to your right was the first family and Jared and Ivanka. And so, you know, we were there

1:36.1

as to observe like everybody else. And wow, it was, it was quite a moment. And I want to just say,

1:42.8

you did a great job because when you sent your heart out to all of America, I took it, I took it, I took it, I took it. You sent it out, but you kept it at the right angle. Right, right. You had just gone up a little bit extra and out and it'd be a Nazi. It would have been no, Bueno. That have been no, Buena. Those would be some super racist Trump accounts. Keep your protractor and your ruler out when you send your heart out. Okay. One final thing on it, Jason. You know, we're signing up over 100,000 kids a day to these Trump accounts. Fantastic. We have millions of kids who've already claimed their account. We have

...

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