Episodes
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
The Future of Everything: What CEOs of Circle, CrowdStrike & More See Coming in 2026
All-In Podcast
1/25/2026
This series of interviews, conducted at the World Economic Forum in Davos, explores the future of technology and business through the eyes of four CEOs on the cutting edge of their respective industries. First, Jeremy Allaire, CEO of Circle, provides a deep dive into the digital currency landscape. He discusses the maturation of Stablecoins, particularly Circle's flagship product USDC, in the wake of crucial legislation like the Genius Act. Inspired by Bitcoin, Allaire contrasts his company's strategy of regulatory compliance and partnership with financial giants like Visa and BlackRock against less-regulated competitors such as Tether, while noting the influence of past attempts like Meta's Libra project. He also discusses collaborations with firms like Intuit and touches upon the broader economic implications of AI, connecting its potential for disruption to the Rise of Socialism in the US. Next, George Kurtz, CEO of CrowdStrike, shifts the focus to the escalating conflict in cyberspace. He details the challenges of Cybersecurity in the AI era, where AI is a double-edged sword, enabling sophisticated threats like Autonomous malware while also being the best defense. Kurtz identifies top-tier Hacker nations including Russia, China, and North Korea, and highlights how trends like Remote work have created significant new vulnerabilities for corporations. Following this, Adam Goldstein, CEO of Archer Aviation, paints a picture of the future of transportation with
Coinbase CEO's Top 3 Crypto Trends for 2026 + More from Davos!
All-In Podcast
1/23/2026
In a series of interviews from the World Economic Forum in Davos, host Jason Calacanis speaks with leaders shaping the future of technology and industry. Brian Armstrong, CEO of Coinbase, outlines the maturation of the Crypto industry, highlighting a stark contrast between the hostile approach of the Biden Administration and the supportive regulatory environment under the Donald J. Trump administration, which passed the Genius Act to provide clarity for Stablecoins. He notes growing institutional adoption through partnerships with firms like BlackRock and JP Morgan and identifies Cross-border payments, Prediction Markets, and Tokenization as key growth trends, while navigating relationships with different stablecoin issuers like Circle and Tether. Following him, Andrew Feldman, CEO of Cerebras Systems, discusses the exponential demand for AI Compute Power and the critical importance of low-latency AI Inference. He positions his company's Wafer Scale Engine (WSE) as a powerful alternative to Nvidia's GPUs, revealing a major new purchase order from OpenAI. Feldman frames the buildout of Data Centers and energy infrastructure as a central part of the geopolitical US vs China in AI race, praising the Trump Administration's pro-business AI policies. Finally, Jake Loosararian, CEO of Gecko Robotics, explains the crucial role of AI and Physical Robots in the industrial world. He argues that his Pittsburgh-based company is building the foundational Data
Europe's Free Speech Crackdown and the "Censorship Industrial Complex" with Sarah B. Rogers
All-In Podcast
1/22/2026
In an episode of the All-In Podcast recorded at Davos, hosts Jason Calacanis and David Sacks interview Sarah B. Rogers, the Under Secretary for Public Diplomacy at the State Department, about the increasing crackdown on Free Speech in Europe. Rogers details a fundamental conflict between the United States' robust First Amendment principles and new European regulations, such as the UK's Online Safety Act (OSA) and the EU's Digital Services Act (DSA). These laws impose vague and broad content moderation rules that have led to significant fines against American companies like X and are characterized as a 'Censorship Tariff'—a de facto tax on US tech. The discussion highlights that much of the targeted speech is criticism of controversial Mass Migration Policies. Rogers introduces and explains the 'Censorship Industrial Complex', a network of government agencies like the FBI, government-funded NGOs (e.g., the Center for Countering Digital Hate), and tech companies that collude to suppress disfavored viewpoints, often as a workaround to constitutional protections. This complex employs pernicious tactics like Debanking and Demonetization through intermediaries like PayPal, Stripe, and YouTube. The conversation contrasts the heavy-handed Censorship during the COVID-19 pandemic—where the Biden Administration pressured platforms to censor what later proved to be true information under the pretext of fighting 'Disinformation'—with the pro-free speech direction influ
Inside America’s AI Strategy: Infrastructure, Regulation, and Global Competition
All-In Podcast
1/22/2026
In a discussion moderated by Maria Bartiromo, David Sacks and Michael Kratsios analyze America's strategy in the global AI Race, primarily against China. David Sacks expresses confidence in the United States's position, citing the innovation from American Companies in Silicon Valley, which operates on a principle of Permissionless Innovation. However, both speakers highlight significant challenges, including the massive AI Infrastructure Buildout required for Data Centers and the associated Energy Challenges, which has turned the AI Race into a 'power race'. A key domestic issue is AI Regulation, with a debate between a chaotic Patchwork of state regulations and a proposed lightweight Federal AI Regulation. President Trump's administration is credited with setting a pro-innovation AI Action Plan and pushing back against what David Sacks calls Woke AI—politically biased models influenced by DEI principles, as seen in the rescinded Biden Executive Order on AI and exemplified by Google's Gemini controversy. The global US vs China AI Competition is fierce across the stack, from Chips (where the US leads) to AI Models. China holds advantages in energy production and public AI Optimism, and is promoting national champions like Huawei while blocking competitors like Nvidia. The US response includes the American AI Export Program to increase global Market Share of its technology. Michael Kratsios emphasizes the transformative potential of AI for
Satya Nadella on AI’s Business Revolution: What Happens to SaaS, OpenAI, and Microsoft?
All-In Podcast
1/21/2026
In an impromptu fireside chat at Davos, Jason Calacanis and David Sacks host Microsoft CEO Satya Nadella to discuss the business revolution driven by artificial intelligence. Nadella outlines his vision for the evolution of AI copilots and agents, moving beyond simple chat to autonomous agents that act as 'infinite minds' for knowledge workers. He explains how Microsoft has achieved significant revenue and profit growth with a flat headcount by embracing Organizational Change in Knowledge Work, using its subsidiary LinkedIn as an example of combining roles to increase velocity, a trend also seen at Alphabet and Meta. The conversation highlights the intense AI competition from companies like Elon Musk's xAI, Google, OpenAI, and Anthropic. Nadella emphasizes a Platform strategy, referencing ideas from Bill Gates and Peter Thiel, focused on the global Diffusion of technology for the American tech stack. He believes success is measured not just by market share but by the economic value created by the surrounding ecosystem, citing historical partnerships with Intel and SAP. Discussing the controversial OpenAI deal with Sam Altman, Nadella explains Microsoft's AI stack, which includes building 'token factories' on Azure and an app server. He predicts the LLM commoditization, comparing Foundation Models like LLMs to the database market, and expresses bullishness on a future with a mix of proprietary and Open-source AI models. Nadella is also committed