All-In with Chamath, Jason, Sacks & Friedberg

Reza Pahlavi, exiled crown prince advocating a secular democratic transition; Shervin Pishevar, venture capitalist and Iranian-American activist organizing diaspora support. They discuss plans for a post-regime transition and reconstruction. They debate timing and safety for Reza's return. They outline a staged Iran Prosperity Project and the regional security stakes involved.

Emil Michael, Under Secretary for War Research and Engineering, leads defense research and AI integration. He explains the broader US campaign against Iran, modern drone and AI-driven combat, faster rules of engagement, Israel’s laser defenses, and the Pentagon’s supply-chain dispute with Anthropic. Conversations cover rapid procurement, onshoring defense tech, and why single-vendor risk matters.

Ray Dalio, investor and macroeconomist who founded Bridgewater Associates, shares views on debt, gold, AI, tariffs, and geopolitical risk. He outlines five forces reshaping America. He contrasts gold and Bitcoin, explains why debt cycles matter, debates tariffs and reform limits, and warns about late-cycle social and geopolitical dangers.

They dig into a sudden selloff in software stocks after a major AI product reveal and a viral report rattled financial names. The conversation explores how AI shifts investor framing, alters SaaS predictability, and creates new jobs for agent management. They debate local resistance to data centers and the politics around power pledges. A science segment covers Yamanaka factor trials for restoring vision.

Kevin Bass, citizen journalist who used AI on the Epstein files; Michael Tracey, skeptical independent journalist challenging mainstream narratives; Saagar Enjeti, political commentator linking Epstein to elite impunity. They debate Prince Andrew’s arrest, the scope of Epstein’s financial and intelligence ties, contested claims about a global ring, and AI-driven revelations about Reid Hoffman. Short, sharp, provocative conversation.

They dig into AI’s real workplace impact, the rise of on‑prem models and exploding token budgets. Heated debate over prediction markets and possible Super Bowl insider bets. A deep look at the CBO’s fiscal forecast and whether growth or rising interest costs will win. Final segment marvels at Ferrari’s first fully electric design and what it means for car culture.

Changpeng Zhao (CZ), founder and former CEO of Binance and early crypto entrepreneur. He recounts his journey from immigrant roots to building Binance, the pivot from exchange software to launching BNB, the fallout with FTX and U.S. legal battles, life inside federal prison, stepping down from Binance, and his new focuses on education, AI agents, and crypto’s future.

Brad Gerstner, founder and CEO of Altimeter Capital and architect of Invest America 'Trump accounts', joins to dissect the hottest headlines. They tackle newly released Epstein documents and tech figures, the dramatic SaaS selloff and whether AI kills software, the Moltbook agent chaos and safety questions, SpaceX merging with xAI and the implications, plus reactions to Trump picking Kevin Warsh for the Fed.

They debate ICE operations in Minneapolis and the political fallout from two recent deaths. A lively demo and discussion of personal AI assistants, open-source models, and agent swarms. Analysis of the falling dollar and a rally in gold and silver. Brief discussion of the California governor race and the wider political implications.

Chase Lochmiller, CEO of Crusoe, builds energy-first AI data centers in West Texas. Adam Goldstein, CEO of Archer Aviation, leads eVTOL certification and city trials. George Kurtz, CEO of CrowdStrike, tackles AI-driven cyber threats and nation-state tactics. Jeremy Allaire, CEO of Circle, focuses on USDC, stablecoin regulation, and internet-native money. They discuss AI compute infrastructure, air taxis, cyber defense, and digital-dollar plumbing.