All In Podcast Episode 194 Recap and Notes August 30 2024

August 30 2024

Reif Hoffman joins
- Paypal memories
  - Sacks figured out the business model quick
  - Hoffman kept all attackers at bay
  - Bill Harris fired from Paypal - conspiracy at Antonio’s Nut House in Palo Alto apparently
- AI
  - Crazy NVIDIA growth
  - Training vs Inference will play out in a year or two
  - Satya is the best public market CEO of our generation - Hoffman
  - Big tech is buying GPUs to be better positioned - can’t miss out on the wave
  - Lots of winners to come in AI - open source as well as closed
  - Multi model approach will quickly be universal
  - OpenAI corporate structure
  - InflectionAI
- Lina Khan, FTC
  - Can’t hurt the chance for returns on risk capital
  - Her actions are chilling that market and having the opposite effect - not increasing competition
  - Apple - fewer people hate it - its less offensive
- Politics chat
  - Biden vs Kamala
  - RFK Jr ballot controversies
  - Extremist rhetoric is to get the votes of the extremes
  - Jan 6 is red line
- RFK Jr
  - Was offered VP - refused
  - Found common ground with Trump on
    - End war in Ukraine
    - Censorship
    - Reducing childhood chronic disease epidemic
  - Family been in Democratic party since like 1848
    - Has burned bridges and boats by joining with Trump
    - Feels Democratic Party left him
    - They completely disenfranchised him and his supporters
  - Democrat only value is anti-Donald Trump
  - Most profitable product in this country is a sick child - a life long customer

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