Iran War, Oil Shock, Off Ramps, AI's Revenue Explosion and PR Nightmare
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K 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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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://polymarket.com/event/us-forces-enter-iran-by
https://x.com/altcap/status/2029223717356879931
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://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.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363
https://x.com/chamath/status/2032135944284094910
https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025
Transcript
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| 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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