May 15 2026
- Marc Benioff joins the show!
- Trump - Xi summit
- First visit to China since 2017
- 7th face to face meeting with Trump and Xi
- China agreed Strait of Hormuz should remain open and Iran should not have a nuclear weapon
- China warned on Taiwan - asked US to basically stay away
- Xi committed to buy 200 Boeing jets, more soybeans, etc
- Trump was effusive in his praise for Xi
- Maybe both societies can avoid conflict given world should become less resource constrained
- Maybe good for Trump to take so many CEOs with him for the summit so that we can center the partnership around the economy
- These CEOs are our best salesmen in each category
- Xi has asked for a wider door
- Trump and Xi have a good relationship
- Salesforce is deployed in China through Alibaba - unique for them
- Elon is the only one who pulled it off that his cars are their directly
- Americans don’t care about China relationship right now but might care about second order effects such as job growth and economy
- US and China need to figure out how they can divide up the world
- Letting Nvidia sell chips in China will help them win, else Huawei gets oxygen
- Marc Benioff says Tony Robbins is the reason there is a Salesforce
- Has done the coals
- Has learnt to ask the right questions
- AIS 2026
- SaasPocalypse
- $90B market cap loss
- Marc thinks low valuation is good buying opportunity
- Chamath thinks low end of the market is finished
- High end of the market is pretty safe
- OpenAI recent Deployment company trade is a tell
- “Who has the best relationships?” - those guys are well positioned
- Soon the big SaaS players will be asked to sell the AI companies’ tokens
- Salesforce has issued a largest-in-history stock buyback (apparently $50B?)
- Salesforce might use $300M of Anthropic this year
- Informatica - $8-$9B deal - is working well because of context
- Harmonized, federated, integrated data
- AI Agents helping Salesforce be very productive
- Example - Didn’t call back like 20-30M people over the last 27 years but now they can do things like that using AI
- OpenAI suing Apple over breach of contract
- They assumed it would lead to billions in annual revenue but that hasn’t come close to happening
- Apple’s problem is they apparently don’t trust OpenAI leadership and that OpenAI might be doing its own hardware
- (Benioff started at Burlingame High School)
- He up-leveled the conversation - its all about coding agents now - that’s what’s going on
- Google might have a good inside track to being the assistant of choice
- Apple can still win this (with powerful hardware and run local models) - does the latest CEO choice foreshadow this?
- Thinking Machines demo was cool
- Multi sensory model will be the next improvement
- Will this mean it will take 1000x tokens OR will we need a better model router?
- Science Corner
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El Nino season coming up
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Ocean temp rise might be higher than anything we have seen in recent history
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Oceans are the battery of weather
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11MTWh of energy stored in the oceans - human world uses 25000 TWh per year
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Upcoming year will be hottest in recent years when all this energy gets released from the ocean
- There will be major atmospheric events in southern US (Ca, etc)
- Less snow in north
- Southern Argentina, Chile, Brazil might get nasty heat waves
- India might also suffer
- (Monsoons might fail - 150M farmers in India - 1.5B people need that food)
- Energy prices could spike, commodity prices spiking, India, Philippines, Vietnam
- Strait of Hormuz adding to this will be very bad in India
- Fewer hurricanes in the south
- This could make the economy worse in many parts of the world
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- Anthropic shutting down some kinds of secondary market sales
- Might be a good thing to make companies go public
- Not good for people that all of these layers of SPVs are there
- SpaceX, Anthropic, OpenAI IPOs will lead to lots of lawsuits
- Salesforce ~Pledge1%.org
- 1% equity, 1% profits, 1% of employee time volunteering
- Susan Wojcicki
- Sad death from cancer - recent
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