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Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax

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

🗓️ 26 April 2024

⏱️ 101 minutes

🧾️ Download transcript

Summary

(0:00) Bestie Intros: Reservation Tips!

(5:20) Meta goes scorched earth in AI, why the stock was down despite beating on earnings

(22:20) Tesla's roadmap, ranking the company's highest-upside bets outside of cars for the next 10 years

(47:25) FTC bans noncompetes: impact on startups and company formation

(1:00:33) Besties reminisce on their encounters with Steve Jobs

(1:10:25) TikTok "divest-or-ban" bill is signed into law: Will China comply? What's it worth without the algorithm? Will a deal get done?

(1:27:22) Biden's proposed capital gains hikes and a 25% wealth tax for those with $100M+ in assets

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Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://ai.meta.com/blog/meta-llama-3

https://huggingface.co/meta-llama/Meta-Llama-3-8B

https://about.fb.com/news/2024/04/introducing-our-open-mixed-reality-ecosystem

https://about.fb.com/news/2024/04/meta-ai-assistant-built-with-llama-3

https://www.cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/index.html

https://www.youtube.com/watch?v=kiMTRQXBol0

https://twitter.com/AravSrinivas/status/1781099224169320500

https://wow.groq.com/12-hours-later-groq-is-running-llama-3-instruct-8-70b-by-meta-ai-on-its-lpu-inference-enginge

https://twitter.com/lauramaywendel/status/1782040453266710551

https://twitter.com/naveengrao/status/1781491370114633816

https://twitter.com/winglian/status/1783456379199484367

https://www.meta.ai

https://twitter.com/chamath/status/1780302197772952049

https://electrek.co/2024/03/16/tesla-full-self-driving-beta-v12-finally-rolls-out

https://www.reuters.com/business/autos-transportation/tesla-cuts-price-full-self-driving-software-by-third-8000-2024-04-21

https://fortune.com/2024/04/15/elon-musk-tesla-cut-10-percent-global-workforce-14000-employees-slowing-ev-demand

https://www.reuters.com/business/autos-transportation/tesla-take-shareholder-vote-shifting-incorporation-texas-musk-says-2024-02-01

https://www.ft.com/content/46aac746-4a54-437f-a0b7-9b81b154c21d

https://www.google.com/finance/quote/TSLA:NASDAQ

https://www.cnbc.com/2024/04/24/tesla-stock-up-after-elon-musk-says-new-affordable-ev-models-coming.html

https://www.tesla.com/blog/master-plan-part-deux

https://twitter.com/chamath/status/1776663647735218491

https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf

https://www.cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html

https://palmetto.com

https://www.youtube.com/watch?v=pja_n8ThDsU

https://www.fastcompany.com/90972171/cruise-suspends-driverless-vehicle-operations-in-san-francisco-after-dmv-revokes-permit

https://twitter.com/DavidSacks/status/1777496946263134414

https://www.nytimes.com/2023/11/03/technology/cruise-general-motors-self-driving-cars.html

https://thehill.com/business/4615452-ftc-votes-to-ban-non-compete-agreements

https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

https://www.techemails.com/p/steve-jobs-emails-adobes-ceo

https://venturebeat.com/business/how-steve-jobs-felt-betrayed-by-eric-schmidt-over-googles-android

https://www.youtube.com/watch?v=CWOt9Cjq2mw

https://www.theverge.com/2024/4/24/24139036/biden-signs-tiktok-ban-bill-divest-foreign-aid-package

https://abcnews.go.com/Politics/senate-returns-95b-foreign-aid-package-ukraine-israel/story?id=109506150

https://www.cnbc.com/2023/12/06/tiktok-parent-bytedance-offers-share-buyback-at-268-billion-valuation.html

https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm?rc=pxkrxo

https://www.aclu.org/press-releases/senate-reauthorizes-and-expands-section-702-surveillance

https://twitter.com/DavidSacks/status/1783220583075111401

https://www.wsj.com/tech/tiktok-ban-chinese-owners-bytedance-1a857a06

https://x.com/MsMelChen/status/1783524423963697262

https://x.com/Jason/status/1783556155924705388

https://x.com/Jason/status/1783604248569360516

https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922

https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf

https://www.bloomberg.com/news/articles/2024-04-24/tax-on-rich-to-save-social-security-popular-with-swing-state-voters-poll

https://balajis.com/p/all-it-takes-is-all-you-got

https://twitter.com/maceskridge/status/1783290784311058788

Audio player

Transcript

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0:00.0

What did you think about that reservation article thing?

0:03.0

Oh, that's crazy.

0:04.0

Well, this is a great topic. There is a guy.

0:07.0

A pretty industrious kid, it turns out.

0:09.0

What this kid's been doing is he's been getting carbon reservations other top tier reservations and by

0:13.6

the way everybody's had this as an app idea nobody's really executed it that well I

0:17.2

don't want to give any plugs for any apps right now but he has been

0:20.8

selling 70,000 dollars he's been flipping restaurant reservations for upwards of a thousand bucks.

0:27.0

Chamoth, you're very industrious and you're absurd tipper, 100% tip or minimum. I know this because when I paid for dinner one time at

0:36.4

Carbone you took me and Phil Helmut's cards and you said you guys pay and I'm going to put the

0:41.8

tip in and then I had to sell Uber shares to cover it.

0:45.2

That was gross. I've never had problem getting a reservation at any restaurant in New York.

0:51.6

Yeah, they see you coming, you know what they see?

0:54.1

Ten dimes worth of wine.

0:55.6

I have taught many of my friends how to get reservations,

0:58.9

have a series of tips that I could give,

1:02.1

but I don't want to give too many of them away.

1:04.0

But nobody gives tips to matriads anymore.

1:08.0

Saxe you tip the matri-dee with Cash?

1:09.0

Oh, all the time.

1:10.0

Yeah, sure.

1:11.0

Of course, right?

...

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