Episodes
Exiled Iranian Prince Reza Pahlavi: Transition Plan and the Fight for Iran's Freedom
All-In Podcast
3/7/2026
In a historic and emotionally charged episode of the All-In Podcast, host Jason Calacanis and venture capitalist Shervin Pishevar sit down with exiled Crown Prince Reza Pahlavi to discuss the ongoing liberation of Iran. Following the sudden and rapid collapse of the Islamic regime—including the eradication of its primary military apparatus, the IRGC—Pahlavi outlines his comprehensive vision to replace the dictatorship with a Democracy. Specifically advocating for a Secular Democracy established via Free Elections, he has spearheaded the Iran Prosperity Project to manage the initial 100 days of stabilization. Pahlavi explicitly contrasts the grim reality of the regime, likening it to North Korea, with his aspirations to build a thriving nation mirroring the economic miracle of South Korea. The potential dividends are staggering, with Pahlavi estimating a 1 Trillion Dollar Economic Opportunity for the United States and global markets over the next decade. He extends tremendous gratitude to Donald Trump for his courageous leadership in dismantling the regime, noting that backchannels like Steve Witkoff have kept communication lines open. Regionally, the liberation of Iran is expected to bring profound peace and accelerated investment to the entire Middle East, complementing the modernization already underway in the UAE and Saudi Arabia. This geopolitical shift also paves the way for normalized relations with Israel, championed by the concurrent leadership of Benjamin Netanyahu. The cultur
War with Iran + Pentagon vs Anthropic with Under Secretary of War Emil Michael
All-In Podcast
3/6/2026
The emergency episode of the All-In Podcast features Emil Michael, Under Secretary of War, who works directly for Pete Hegseth at the Department of Defense. The primary focus is the War with Iran (Operation Epic Fury), a decisive military action authorized by Donald Trump. The operation resulted in the death of Ali Khamenei and heavily degraded the IRGC, which had been threatening to shut down the Strait of Hormuz. The co-hosts, including David Friedberg, Chamath Palihapitiya, and Jason Calacanis, discuss how this conflict, along with the recent ousting of Nicolás Maduro in Venezuela, creates immense geopolitical leverage over China and the Chinese Communist Party. By disrupting the flow of oil to China, the US aims to secure a grand bargain that could prevent an invasion of Taiwan. The geopolitical turmoil has severely impacted Oil prices and the Maritime insurance market. When Lloyds of London and other insurers faced skyrocketing risks, the US International Development Finance Corporation intervened to underwrite shipping risks. The panel also explores modern warfare and Defense Tech, highlighting the shift toward Autonomous Drones and advanced interception systems like Israel's Iron Beam, which utilizes Directed energy lasers. Discussions also touch upon the potential for Space-based lasers to counter Hypersonic missile threats, relying heavily on agile contractors like Anduril rather than just traditional primes like Boeing and Lockheed Martin.
Ray Dalio: "AI Is Eating Everything - and It Might Eat Itself"
All-In Podcast
3/3/2026
In a recent episode of the All-In Podcast, host David Sacks interviews billionaire investor Ray Dalio regarding the macro-historical forces currently shaping the United States and global Geopolitics. Dalio dives deep into the severe US Debt crisis, pointing out that current trajectories and estimates from the CBO forecast a 6% deficit to GDP ratio by 2026, creating massive Global Financial System Fragility. He explains the mechanics of a late-stage Debt Bubble, drawing parallels to historical events like the Stock Market Crash of 1929. While initiatives like DOGE (Department of Government Efficiency), spearheaded by Elon Musk, aim to combat Waste Fraud and Abuse—exemplified by local scandals like the Minnesota Daycare Fraud—Dalio remains skeptical that structural inefficiencies can be quickly resolved without increasing the debt. To hedge against the inevitable debasement of Fiat currency and the declining dominance of the US Dollar, Dalio advocates holding Gold, noting that central banks are aggressively stockpiling it and moving away from US Treasuries. He compares this hard asset favorably against Bitcoin, which he views as lacking privacy and vulnerable to emerging technologies like Quantum Computing, as well as against residual speculative metals like Silver. Dalio also touches on monetary policy, highlighting the difficult balancing act the Federal Reserve and its potential incoming chair, Kevin Warsh, face in setting Interest Rates without triggering a deep recession or r
Software Stocks Implode, Claude's Hit List, State of the Union Reactions, Trump's Tariff Pivot
All-In Podcast
2/27/2026
The podcast episode provides a deep dive into the massive disruption occurring within the SaaS industry due to the rapid advancements of Anthropic and its Claude models. The rollout of advanced coding abilities has negatively impacted legacy players like IBM and modern security firms like CrowdStrike. A viral report by Citrini sparked a "Doomer" narrative, suggesting that autonomous AI agents will cause a catastrophic economic collapse. However, counter-arguments were presented by Derek Thompson and a data-driven report from Citadel. Furthermore, tech executive Aaron Levie applied Jevons' Paradox to argue that lowering the cost of software engineering will actually increase demand. As a practical example of this productivity boom, the hosts shared how open-source models like OpenClaw are already automating back-office tools like Slack. To support this AI revolution, there is an urgent need for massive Data Centers. However, local opposition and red tape, exemplified by a six-person lawsuit holding up a $100B Micron fab in New York, are hindering progress. In contrast, Texas remains highly efficient, as seen when Elon Musk rapidly built the Gigafactory. Environmental activist groups like Greenpeace were criticized for using lawfare to block infrastructure. Realizing the risk of falling behind, regions like the Middle East, specifically Saudi Arabia, the UAE, and Qatar, are aggressively expanding their compute capacity. Domestically, President Trump used his State of the Uni
Prince Andrew Arrested, Epstein Mythology, Reid Hoffman Files with Saagar Enjeti & Michael Tracey
All-In Podcast
2/20/2026
In a special episode of the All-In Podcast, host David Sacks convenes a panel to dissect the multifaceted and highly contentious story of Jeffrey Epstein. The discussion highlights three divergent viewpoints on the scandal's true meaning. Saagar Enjeti of Breaking Points posits the existence of an 'Epstein class'—a global elite operating above the law—arguing that Epstein's real influence stemmed not just from sexual crimes but from his mastery of a Global finance network for Money laundering, making him an asset to powerful figures and potentially intelligence agencies like the CIA and Mossad. In sharp opposition, journalist Michael Tracey deconstructs what he terms the 'Epstein Mythology', framing the public narrative as a media-driven Moral panic rife with unsubstantiated claims, comparable to the historical Satanic panic. Tracey is deeply critical of the Media coverage, points to the massive financial incentives for accusers' lawyers like Bradley Edwards and David Boies who secured huge settlements from banks like JP Morgan, and questions the credibility of central accusers like Virginia Roberts Giuffre, Maria Farmer, and Sarah Ransome, citing recanted allegations against figures like Alan Dershowitz. The conversation also explores the roles of key figures such as Epstein's early benefactor Leslie Wexner, his convicted accomplice Ghislaine Maxwell, and the controversial 2007 Nonprosecution agreement. Later, Kevin Bass, acting as a citizen journalist, presents findings
Debt Spiral or NEW Golden Age? Super Bowl Insider Trading, Booming Token Budgets, Ferrari's New EV
All-In Podcast
2/13/2026
In this episode, the All-In Podcast hosts, Jason Calakanis, David Sachs, David Friedberg, and Chamath Palihapitiya, conduct a multifaceted analysis of current events in tech and economics. The discussion kicks off with AI acceleration, citing a Harvard Business Review study from UC Berkeley researchers that suggests AI intensifies work for Knowledge workers rather than replacing them. David Sachs champions a vision of bottom-up Enterprise adoption of AI, driven by empowered employees using AI agents, and references Matt Schumer's writing on the topic. Jason Calakanis highlights the tangible impacts, such as the rapid adoption of tools like OpenClaw and the emergence of significant corporate Token budgets driven by expensive APIs like Claude's. Countering the cloud-first narrative of firms like AWS and GCP, Chamath Palihapitiya introduces the concept of an On-prem comeback as enterprises grapple with major concerns over Data security in AI when using models from providers like OpenAI, led by Sam Altman. The conversation pivots to the booming world of Prediction Markets, noting the massive volume on platforms like Poly Market during the Super Bowl. This raises critical questions for regulators like the CFTC about Insider Trading, with an alleged case involving military operations in Israel serving as a stark example. Chamath frames this phenomenon through the lens of Information asymmetry, referencing Warren Buffett's pre-Regulation FD returns to arg
Binance CEO: 4 Months in Prison, $4 Billion Fine, and What Comes Next
All-In Podcast
2/10/2026
In a detailed interview on the All-In Podcast with hosts including Chamath Palihapitiya, CZ (Changpeng Zhao) chronicles his life and the rise of Binance. His story begins with his family's Immigrant Experience moving from China to Canada, and his education at McGill University. His early career was steeped in financial technology, specifically building Order Execution Systems for High Frequency Trading (HFT) at firms like Fusion Systems Japan in Tokyo and later at Bloomberg in New York. This technical expertise became the bedrock for Binance's success, where he focused on Daily Active Users (DAU) as his key metric. The journey of Entrepreneurship was not linear; he first co-founded a struggling IT services startup in Shanghai. His trajectory shifted after friends Ron Tao and Bobby Lee of BTC China (BTCC) introduced him to Bitcoin. After short stints at crypto pioneers like Blockchain.info and OKCoin, CZ pivoted from selling exchange software to launching his own. Binance was born from a successful Initial Coin Offering (ICO) in 2017 that created the BNB Token. The company faced an immediate existential threat from the Chinese Crypto Ban, forcing a relocation to Tokyo. The discussion delves into the complex relationship with Sam Bankman-Fried (SBF), whose exchange, FTX, received early investment from Binance before becoming a fierce rival. A significant portion of the interview covers the multi-year legal battle with the US Department of Justice (
Epstein Files, Is SaaS Dead?, Moltbook Panic, SpaceX xAI Merger, Trump's Fed Pick
All-In Podcast
2/6/2026
In this episode, the All-In Podcast, featuring Jason Calacanis, David Sacks, David Friedberg, and special guest Brad Gerstner of Altimeter, delves into several critical topics at the intersection of technology, finance, and politics. The discussion kicks off with the Epstein Files, where Calacanis clarifies his minimal involvement and the panel critiques The New York Times for what they perceive as biased reporting that downplays the extensive connections of figures like Reed Hoffman while targeting others like Peter Thiel and Bill Gates. A major segment is dedicated to the SaaS industry disruption, a massive stock market crash triggered by advancements in AI, specifically a new legal tool for Claude Co-work from Anthropic. Sacks argues this isn't the death of SaaS companies like Salesforce but a shift where a new 'agentic layer' built with tools like OpenClaw will capture future value, a point Calacanis illustrates with his firm's internal project, Ultron. The hosts then explore the 'Moltbook panic,' analyzing a social network where AI Agents and agent swarms exhibit startling emergent behavior and recursive self-improvement, while also posing significant API security risks. On the political-economic front, the podcast covers Donald Trump's nomination of Kevin Warsh to replace Jerome Powell as chair of the Federal Reserve, examining Warsh's reputation as an Inflation hawk who supports policies like quantitative tightening. A groundbreaking announcement of the
ICE Chaos in Minneapolis, Clawdbot Takeover, Why the Dollar is Dropping
All-In Podcast
1/30/2026
In this episode, the All-In hosts David Sacks, Jason Calacanis, David Friedberg, and Chamath Palihapitiya cover a range of pressing topics. They begin with a recap of the World Economic Forum in Davos, noting its shift to a business and Donald Trump-centric event, highlighted by a controversial speech from Commerce Secretary Howard Lutnik criticizing Europe's Net zero policies. The main segment delves into the ICE chaos in Minneapolis, analyzing the tragic deaths of Renee Good and Alex Prey during Operation Metro Surge, an initiative by the DHS. The discussion explores the roles of political figures like Stephen Miller, the newly appointed Tom Homan (who also served under Barack Obama), and local leaders Tim Walz and Jacob Fry. The hosts debate the motivations behind the conflict, linking the Democratic Party's opposition to Mass deportations to its potential impact on Electoral apportionment, and noting the involvement of Antifa-style protest tactics. Next, Jason Calacanis demos Clawdbot, an Open source AI tool by Peter Steinberger, sparking a conversation on the rise of Personal AI assistants and AI agents. This new tech phase is marked by the battle between Open source AI models like the powerful Kimi K2.5 from Moonshot AI and Closed source AI from giants like OpenAI, Anthropic, and Google. They discuss the potential to run these models on local hardware like the Mac Studio and the implications for AI policy. David Friedber