All In Podcast Episode 185 Recap and Notes June 28 2024

June 28 2024

• Presidential Debate
  • Disaster for Biden
  • CNN and MSNBC acknowledged he did bad
  • Jason called it 4 episodes ago
  • Chamath was rebuffed by Dems - no response
  • Would have been exposed if he had debated RFK
  • Clearly there is an unelected elite trying to control democracy
  • You need honesty
  • Recently Joe Scarborough and Reid Hoffman claimed that Biden is amazing in private
  • They boxed out Dean Phillips and RFK Jr - you made your bed, so now sleep in it - have some loyalty and don’t stab your candidate in the back like this
  • Big loser was American people
  • Big winners were Russia, China, Iran, etc
  • Debate format was good and unique
  • Friedberg was approached in October by senior democratic leadership to donate - he didn’t and said Biden wasn’t going to work out
  • Clearly small elite is controlling everything - media and Democratic leadership lied to the american people
  • Subversion of democracy is the real threat to democracy
  • No one signed up to elect a shadow set of handlers
  • There is a clear coordinated effort to obfuscate his decline
  • Biden isn’t fit to finish his term - this is elder abuse
  • Not a single staff member has resigned
  • Great point by Trump - “Joe you never fired anyone” - they are not fired because they are in charge - they will not fire themselves
  • How did Klain who helped Biden prepare not realise he wasn’t up to it - and raise the issue
  • Media was exposed - not just Biden - their North Korea level propaganda didn’t work
  • Clearly they are ALL IN on this giant con
  • The democratic party is a collection of interests that want to stay in power
    • A bunch of interests who want to loot the public
    • They invent hoaxes and lies to maintain power
  • They should have let RFK Jr and Dean Phillips run
    • Phillips was ostracized for telling the truth
  • There is no mechanism to force a candidate who won all the primary votes who doesn’t want to sit it out to step aside
  • Leverage to be used is donors won’t give money
  • Problem is Harris has even worse poll numbers than Biden
  • Federal programs are not held to account and defunded ever
• Tech job postings down a lot since Covid
  • Down 80% - below pre covid numbers
  • Post ZIRP fundamentals are different
  • AI is helping a little
  • Great to be a startup now - can hire better
• OpenAI considering for-profit conversion
  • This is the early innings
  • Important for people who are in the lead today to monetize their success as much as possible before it goes away - secure the bag
  • Was never a good idea for startup to innovate on structure - just focus on innovation
    • Should have fixed it years ago
  • They should fix the structure - regular C corp - make it right with Elon for his contribution and Sam for his CEO package - and help public participate
  • ~70% of Nvidia employees are millionaires now!!!
• Ilya Sutskever starts Safe Superintelligence Inc
  • Seems like Sam kicked these guys out because they wanted to move slow
  • Not clear how they win - they need a LOT of cost and compute - how will $100B+ outlay be available to these startups?
    • Biggest players will win
  • China building autonomous robots (look like Boston Dynamics machines) - that can fire weapons, etc
• EU charges MSFT with anti-trust for Teams and bundling and Office, etc
  • EU sided with Salesforce
  • Microsoft has been doing this forever
  • Didn’t do it only during later part of Ballmer’s tenure when there was a consent decree
  • Instead of stopping bundling which is anti-competitive, they are stopping M&A - makes no sense
  • Bundling itself might not be as bad - its probably bad if they raise prices