SpaceX's $2T Case, Nvidia's Shock Selloff, America Turns on AI, Trump Pulls AI Order, Bond Crisis?
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 22 May 2026
⏱️ 102 minutes
🧾️ Download transcript
Summary
(0:00) Gavin Baker joins the show!
(0:30) Andrej Karpathy joins Anthropic; hypergrowth and profitability
(12:42) Why Americans have turned on AI, anti-human perception
(27:22) Trump pulls AI EO, US-China AI relationship, dystopian AI layoffs
(45:19) SpaceX S-1 tear down! Breaking down the three major businesses and the case for a $2T valuation
(1:11:22) Nvidia smashes earnings but stock falls, why people are shorting chips
(1:22:25) Market update: Flashing red signals, oil, inflation, yields up
(1:32:45) China trip flops, or was progress made behind the scenes?
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Referenced in the show:
https://github.com/karpathy/autoresearch
https://github.com/multica-ai/andrej-karpathy-skills/stargazers
https://x.com/i/broadcasts/1dxYljYVREYJX
https://apnews.com/article/trump-ai-executive-order-ee318f35acc8a2c43e47f3ebf26cb459
https://x.com/wallstengine/status/2057378437485216031
https://x.com/MorePerfectUS/status/2056842597117636890
https://x.com/lulumeservey/status/2057239284487201043
https://polymarket.com/event/spacex-ipo-closing-market-cap-above
https://x.com/elonmusk/status/2057228707606196434
https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm
https://www.ibtimes.co.uk/leopold-aschenbrenner-investment-shift-agi-over-ai-chips-1797606
https://polymarket.com/event/may-inflation-us-annual
https://polymarket.com/event/fed-rate-hike-in-2026
https://www.cnbc.com/2026/05/18/treasury-yields-inflation-bond-rout-oil.html
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. It's the all-in podcast, |
| 0:05.3 | episode 274. Sacks is out today, but we're very lucky to have Gavin Baker from Atreides Management |
| 0:13.9 | joining us, The Spicy Takes Must Flow. Welcome back to the program, Bestie Gavin. |
| 0:19.9 | Thanks for having me. Always love it. It's been a huge week in tech. We can start with the SpaceX and Open AI IPOs. We've got Andre Capathy joining Anthropic, Nvidia crushing it. So many different places to go. But I think we'll start with Andre Carpathie joining Anthropic. Carpathie is only 39 years old. He's already a legend in the tech industry if you don't know him. I believe he's also coming to liquidity, yeah, Chama? He's going to keynote on Monday morning. Oh, fantastic. No, Tuesday, Tuesday, Tuesday, day two. I think he's key. Okay. As is Gavin. Gavin will be there. Founding member of-G Gavin anchoring day two as well. Excellent. Yeah. |
| 0:55.1 | This is Gavin's second appearance. Hey, look at those two bookmarks, Andre Carpathie and Gavin Baker. |
| 1:00.0 | Oh, yeah, you know. Equidity pulls in the stars. Obviously, Andre was a founding member of Open AI. He led the |
| 1:07.6 | self-driving team. Also, hold on. Gavin is going to help us judge the best ideas section as well. I don't know if you know that, Gavin, but you're a judge. You're going to judge. I'm up for anything, man. I'm easy. Yes. Karpathy also coined the term vibe coding. He recently built auto research. I think we talked about that here a bit. That's an open source training tool. It helps AI models improve themselves |
| 1:27.7 | by running five-minute experiments. That got over 82,000 stars on GitHub. He did that, like, |
| 1:32.5 | as a weekend experiment, and all these civilians started building their own recursive LLMs, |
| 1:38.5 | really inspiring. And the Andre Carpathie skills is a tool based on his set of principles for Claude Code, |
| 1:46.9 | and somebody just released that. |
| 1:48.9 | And so that's just pretty crazy when you think about it. |
| 1:52.2 | He's going to be in charge of a new pre-training team at Anthropic. |
| 1:55.6 | The focus obviously being recursive self-improvement. |
| 1:58.4 | In other words, they're going to have Claude improve itself, |
| 2:02.0 | and they've already talked a little bit about AI, improving AI over at Anthropic. |
| 2:06.9 | What's your take on this is this super important in 2026? Obviously, Carpathie is super well |
| 2:14.5 | respected. He's obviously, you know, one of the true talents in the space, |
| 2:18.2 | but hey, we're in a different inning than we were, say, 10 years ago when he was at Tesla |
| 2:22.8 | or five years ago when he co-founded Open AI. You know what's interesting? If you go back to, |
| 2:27.4 | like, Google, the culture of Google, which they got right was the singular technical talents |
| 2:33.5 | there, they were singled out and they were called |
... |
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