All-In with Chamath, Jason, Sacks & Friedberg

(0:00) David Friedberg welcomes Senator Rand Paul: background, family, what led him to medicine first (3:56) Career Change: Medicine to Politics (7:03) Political Philosophy (10:55) Trade Policy & Economic Impact (15:52) Consequences of Tariffs (20:43) Voting Against the One Big Beautiful Bill (27:52) AI & the Economy (35:10) Our Fragile Financial System (41:22) Government Employment & Appropriate Spending (48:18) COVID Cover Up & Dangers of Gain-of-function Research (1:01:00) Relations with China (1:05:52) Political Future Follow Senator Paul: https://x.com/senrandpaul [https://x.com/senrandpaul] Check out Deception: The Great Covid Cover-Up: https://www.amazon.com/Deception-Great-Cover-Up-Rand-Paul/dp/1684515130 [https://www.amazon.com/Deception-Great-Cover-Up-Rand-Paul/dp/1684515130] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect]

(0:00) Bestie intros: The Moose is loose at J-Cal Ranch! (0:46) All-In Summit updates, Jason's new program (9:45) Trump vs the Federal Reserve: Is the Fed partisan, what should a modern Fed look like? (36:45) US-Intel Deal: Sustainability, China comparison, could deals like this save Social Security? (51:37) US Sovereign Wealth Fund (58:41) Why corporate bankruptcies are trending up in 2025 (1:12:12) OpenAI's novel LLM-based approach to longevity research Join us at the All-In Summit: https://allin.com/summit [https://allin.com/summit] Summit scholarship application: http://bit.ly/4kyZqFJ [http://bit.ly/4kyZqFJ] Get The Besties All-In Tequila: https://tequila.allin.com [https://tequila.allin.com] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://www.mena.launch.co [https://www.mena.launch.co] https://www.politico.com/news/2025/08/25/trump-says-hes-firing-federal-reserve-governor-lisa-cook-00523841 [https://www.politico.com/news/2025/08/25/trump-says-hes-firing-federal-reserve-governor-lisa-cook-00523841] https://www.nytimes.com/2025/08/28/us/politics/lisa-cook-trump-fed-lawsuit.html [https://www.nytimes.com/2025/08/28/us/politics/lisa-cook-trump-fed-lawsuit.html] https://www.housingwire.com/articles/pulte-cook-new-criminal-referral-mortgage-fraud [https://www.housingwire.com/articles/pulte-cook-new-criminal-referral-mortgage-fraud] https://truthsocial.com/@realDonaldTrump/posts/115092130707196133 [https://truthsocial.com/@realDonaldTrump/posts/115092130707196133] https://www.bloomberg.com/news/articles/2025-08-28/us-puts-gdp-data-on-the-blockchain-in-trump-crypto-push [https://www.bloomberg.com/news/articles/2025-08-28/us-puts-gdp-data-on-the-blockchain-in-trump-crypto-push] https://www.cnbc.com/2021/06/10/cpi-may-2021.html [https://www.cnbc.com/2021/06/10/cpi-may-2021.html] https://www.bloomberg.com/news/articles/2021-06-05/yellen-sees-recent-inflation-as-transitory-rather-than-permanent [https://www.bloomberg.com/news/articles/2021-06-05/yellen-sees-recent-inflation-as-transitory-rather-than-permanent] https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm [https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm] https://www.npr.org/2021/11/22/1052741845/biden-reappoints-jerome-powell-as-federal-reserve [https://www.npr.org/2021/11/22/1052741845/biden-reappoints-jerome-powell-as-federal-reserve] https://blockworks.co/news/powell-we-can-retire-the-term-transitory-inflation [https://blockworks.co/news/powell-we-can-retire-the-term-transitory-inflation] https://www.statista.com/chart/28437/interest-rate-hikes-in-past-tightening-cycles [https://www.statista.com/chart/28437/interest-rate-hikes-in-past-tightening-cycles] https://www.firstlinks.com.au/druckenmiller-biggest-mistake-history-fed [https://www.firstlinks.com.au/druckenmiller-biggest-mistake-history-fed] https://www.pbs.org/newshour/economy/u-s-inflation-at-9-1-percent-a-record-high [https://www.pbs.org/newshour/economy/u-s-inflation-at-9-1-percent-a-record-high] https://www.reuters.com/markets/us/futures-slip-last-trading-day-torrid-year-2022-12-30 [https://www.reuters.com/markets/us/futures-slip-last-trading-day-torrid-year-2022-12-30] https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf [https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf] https://www.washingtonpost.com/technology/2025/08/22/trump-says-intel-ceo-agreed-give-us-government-10-billion [https://www.washingtonpost.com/technology/2025/08/22/trump-says-intel-ceo-agreed-give-us-government-10-billion] https://truthsocial.com/@realDonaldTrump/posts/114987288040725570 [https://truthsocial.com/@realDonaldTrump/posts/114987288040725570] https://www.dallasnews.com/opinion/commentary/2025/08/08/time-for-a-pledge-to-control-government-spending [https://www.dallasnews.com/opinion/commentary/2025/08/08/time-for-a-pledge-to-control-government-spending] https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/8/july-us-corporate-bankruptcy-filings-hit-highest-monthly-total-in-5-years-91873904 [https://www.spglobal.com/market-intelligence/en/news-insights/articles/2025/8/july-us-corporate-bankruptcy-filings-hit-highest-monthly-total-in-5-years-91873904] https://x.com/Pavel_Asparagus/status/1960369680457113764 [https://x.com/Pavel_Asparagus/status/1960369680457113764] https://demo.trypicnic.com [https://demo.trypicnic.com] https://seekingalpha.com/news/4490024-q2-gdp-growth-revised-higher-to-33-pce-increase-revised-lower-to-20 [https://seekingalpha.com/news/4490024-q2-gdp-growth-revised-higher-to-33-pce-increase-revised-lower-to-20] https://www.wsj.com/real-estate/commercial/the-bill-is-coming-due-on-a-record-amount-of-commercial-real-estate-debt-451ec8cb [https://www.wsj.com/real-estate/commercial/the-bill-is-coming-due-on-a-record-amount-of-commercial-real-estate-debt-451ec8cb] https://openai.com/index/accelerating-life-sciences-research-with-retro-biosciences [https://openai.com/index/accelerating-life-sciences-research-with-retro-biosciences]

(0:00) Bestie intros (1:59) What's new with the All-In Summit (9:02) AI Mania hits the brakes: sign of a bubble or a healthy correction? (30:49) Meta's AI hiring freeze: are the AI talent wars slowing down? (39:09) Gavin Newsom is the early favorite to be the 2028 Democratic nominee (54:03) Russia/Ukraine: Trump's two summits, what endgame to expect? Join us at the All-In Summit: https://allin.com/summit [https://allin.com/summit] Summit scholarship application: http://bit.ly/4kyZqFJ [http://bit.ly/4kyZqFJ] Get The Besties All-In Tequila: https://tequila.allin.com [https://tequila.allin.com] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://x.com/autismcapital/status/1958566758719398351 [https://x.com/autismcapital/status/1958566758719398351] https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo [https://fortune.com/2025/08/18/mit-report-95-percent-generative-ai-pilots-at-companies-failing-cfo] https://www.cnbc.com/2025/08/18/openai-sam-altman-warns-ai-market-is-in-a-bubble.html [https://www.cnbc.com/2025/08/18/openai-sam-altman-warns-ai-market-is-in-a-bubble.html] https://www.theverge.com/command-line-newsletter/759897/sam-altman-chatgpt-openai-social-media-google-chrome-interview [https://www.theverge.com/command-line-newsletter/759897/sam-altman-chatgpt-openai-social-media-google-chrome-interview] https://www.nytimes.com/2025/08/19/technology/mark-zuckerberg-meta-ai.html [https://www.nytimes.com/2025/08/19/technology/mark-zuckerberg-meta-ai.html] https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4 [https://www.wsj.com/tech/ai/meta-ai-hiring-freeze-fda6b3c4] https://www.cnbc.com/2025/06/19/meta-tried-to-buy-safe-superintelligence-hired-ceo-daniel-gross.html [https://www.cnbc.com/2025/06/19/meta-tried-to-buy-safe-superintelligence-hired-ceo-daniel-gross.html] https://www.nytimes.com/2025/06/12/technology/meta-scale-ai.html [https://www.nytimes.com/2025/06/12/technology/meta-scale-ai.html] https://www.cnbc.com/2025/06/18/sam-altman-says-meta-tried-to-poach-openai-staff-with-100-million-bonuses-mark-zuckerberg.html [https://www.cnbc.com/2025/06/18/sam-altman-says-meta-tried-to-poach-openai-staff-with-100-million-bonuses-mark-zuckerberg.html] https://polymarket.com/event/democratic-presidential-nominee-2028 [https://polymarket.com/event/democratic-presidential-nominee-2028] https://www.politico.com/f/?id=00000198-c46f-da96-abff-d66f4c1e0000 [https://www.politico.com/f/?id=00000198-c46f-da96-abff-d66f4c1e0000] https://www.businesswire.com/news/home/20250820615513/en/Statement-from-Marcus-Lemonis-Executive-Chairman-of-Bed-Bath-Beyond [https://www.businesswire.com/news/home/20250820615513/en/Statement-from-Marcus-Lemonis-Executive-Chairman-of-Bed-Bath-Beyond] https://news.gallup.com/poll/693203/ukrainian-support-war-effort-collapses.aspx [https://news.gallup.com/poll/693203/ukrainian-support-war-effort-collapses.aspx]

(0:00) Sacks and Jason welcome Senator Eric Schmitt (2:34) Biden v. Missouri, uncovering government censorship as Missouri AG (6:06) Section 230 and social media, the legacy of Russiagate, big tech censorship in the age of AI (18:44) Behind the Hunter Biden laptop story and COVID censorship (30:17) The NGO "Leviathan" and how censorship requests were laundered, Hamilton 68 (36:38) Russiagate and the Obama intel report on the 2016 Election (47:15) Russia-Ukraine War, possible peace deal, and US foreign policy Buy The Last Line of Defense: How to Beat the Left in Court: https://www.harpercollins.com/products/the-last-line-of-defense-eric-schmitt [https://www.harpercollins.com/products/the-last-line-of-defense-eric-schmitt] Follow Senator Schmitt: https://x.com/senericschmitt [https://x.com/senericschmitt] Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect]

(0:00) Bestie intros! (4:45) AI Psychosis: what it looks like and why it's happening (20:13) Why the social fabric in America is breaking down (35:55) Fixing the incentives that created the student debt crisis (48:52) Trump takes federal control of DC police (1:05:39) Venture Capital: is it broken and what it will look like in the future? Follow the besties: https://x.com/chamath [https://x.com/chamath] https://x.com/Jason [https://x.com/Jason] https://x.com/DavidSacks [https://x.com/DavidSacks] https://x.com/friedberg [https://x.com/friedberg] Follow on X: https://x.com/theallinpod [https://x.com/theallinpod] Follow on Instagram: https://www.instagram.com/theallinpod [https://www.instagram.com/theallinpod] Follow on TikTok: https://www.tiktok.com/@theallinpod [https://www.tiktok.com/@theallinpod] Follow on LinkedIn: https://www.linkedin.com/company/allinpod [https://www.linkedin.com/company/allinpod] Intro Music Credit: https://rb.gy/tppkzl [https://rb.gy/tppkzl] https://x.com/yung_spielburg [https://x.com/yung_spielburg] Intro Video Credit: https://x.com/TheZachEffect [https://x.com/TheZachEffect] Referenced in the show: https://www.psychologytoday.com/us/blog/urban-survival/202507/the-emerging-problem-of-ai-psychosis [https://www.psychologytoday.com/us/blog/urban-survival/202507/the-emerging-problem-of-ai-psychosis] https://openai.com/index/how-we%27re-optimizing-chatgpt [https://openai.com/index/how-we%27re-optimizing-chatgpt] https://pubmed.ncbi.nlm.nih.gov/25910392 [https://pubmed.ncbi.nlm.nih.gov/25910392] https://www.reddit.com/r/MyBoyfriendIsAI [https://www.reddit.com/r/MyBoyfriendIsAI] https://time.com/7307589/ai-psychosis-chatgpt-mental-health [https://time.com/7307589/ai-psychosis-chatgpt-mental-health] https://x.com/jburnmurdoch/status/1953811277463122162 [https://x.com/jburnmurdoch/status/1953811277463122162] https://www.nimh.nih.gov/health/statistics/major-depression [https://www.nimh.nih.gov/health/statistics/major-depression] https://www.visualcapitalist.com/inflation-chart-tracks-price-changes-us-goods-services [https://www.visualcapitalist.com/inflation-chart-tracks-price-changes-us-goods-services] https://www.youtube.com/watch?v=7PtX8BNLn_c [https://www.youtube.com/watch?v=7PtX8BNLn_c] https://nypost.com/2021/05/01/teachers-union-collaborated-with-cdc-on-school-reopening-emails [https://nypost.com/2021/05/01/teachers-union-collaborated-with-cdc-on-school-reopening-emails] https://www.pbs.org/newshour/politics/trump-threatens-federal-takeover-of-dc-after-attack-on-former-doge-worker [https://www.pbs.org/newshour/politics/trump-threatens-federal-takeover-of-dc-after-attack-on-former-doge-worker] https://www.whitehouse.gov/presidential-actions/2025/08/declaring-a-crime-emergency-in-the-district-of-columbia [https://www.whitehouse.gov/presidential-actions/2025/08/declaring-a-crime-emergency-in-the-district-of-columbia] https://www.nbcwashington.com/news/local/dc-police-commander-suspended-crime-statistics/3959566/ [https://www.nbcwashington.com/news/local/dc-police-commander-suspended-crime-statistics/3959566/] https://x.com/greg_price11/status/1955292615420588495 [https://x.com/greg_price11/status/1955292615420588495] https://www.kvue.com/article/news/local/homeless/austin-homeless-heal-initiative-highway-183-oak-knoll-relocation/269-d09e5261-6b52-42c0-a550-a3dcf16fa6e7 [https://www.kvue.com/article/news/local/homeless/austin-homeless-heal-initiative-highway-183-oak-knoll-relocation/269-d09e5261-6b52-42c0-a550-a3dcf16fa6e7] https://www.usatoday.com/story/money/2025/06/24/fannie-mae-freddie-mac-privatization/84342221007 [https://www.usatoday.com/story/money/2025/06/24/fannie-mae-freddie-mac-privatization/84342221007] https://www.reuters.com/business/openai-eyes-500-billion-valuation-potential-employee-share-sale-source-says-2025-08-06 [https://www.reuters.com/business/openai-eyes-500-billion-valuation-potential-employee-share-sale-source-says-2025-08-06]