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All-In with Chamath, Jason, Sacks & Friedberg

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

Business, Entrepreneurship, Technology

4.010.4K 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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https://x.com/DavidSacks

https://x.com/friedberg

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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.cnbc.com/2026/05/19/anthropic-hires-openai-cofounder-andrej-karpathy-former-tesla-ai-lead.html

https://github.com/karpathy/autoresearch

https://github.com/multica-ai/andrej-karpathy-skills/stargazers

https://techcrunch.com/2026/05/19/openai-co-founder-andrej-karpathy-joins-anthropics-pre-training-team

https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4

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://s201.q4cdn.com/141608511/files/doc_financials/2027/Q127/NVDA-F1Q27-Quarterly-Presentation-FINAL.pdf

https://www.ibtimes.co.uk/leopold-aschenbrenner-investment-shift-agi-over-ai-chips-1797606

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

https://www.cnbc.com/2026/05/15/inflation-rate-projected-to-hit-6percent-in-the-second-quarter-top-economic-forecasters-say.html

https://polymarket.com/event/fed-rate-hike-in-2026

https://www.cnbc.com/2026/05/18/treasury-yields-inflation-bond-rout-oil.html

https://www.cnbc.com/quotes/US10Y

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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