All-In with Chamath, Jason, Sacks & Friedberg OpenAI's Identity Crisis, Datacenter Wars, Market Up on Iran News, Mamdani's First Tax, Swalwell Out
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Apr 17, 2026 
Travis Kalanick, Uber co-founder and former CEO, jumps into a fast-moving chat on OpenAI’s strategy wobble, Anthropic’s momentum, and how Big Tech’s grip on compute could reshape the AI race. They also riff on datacenter backlash, absurd AI-fueled stock moves, overheated startup valuations, and why markets keep shrugging off geopolitical drama.
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Anthropic's Faster Growth Could Become Uncatchable
- Travis Kalanick says the frontier AI race now hinges less on size than on who compounds growth, usage, and compute fastest.
- He compares it to Uber’s scale flywheel, where customer volume generated more cash to reinvest and widened network effects.
Enterprise Coding Revenue Scales Better Than Consumer AI
- David Sacks argues Anthropic’s enterprise coding focus explains why its revenue is scaling far faster than OpenAI’s consumer-heavy model.
- He contrasts metered enterprise code spend with consumers wanting a $20 monthly subscription, then warns physical compute limits can still cap growth.
Frontier Labs Now Need Their Own Compute
- Chamath Palihapitiya says frontier labs are reaching the point where renting hyperscaler compute becomes strategically dangerous.
- Once Amazon, Google, or Microsoft control capacity, they can throttle rivals while enterprises start rejecting massive token bills for mediocre agent output.