E133: Market melt-up, IPO update, AI startups overheat, Reddit revolts & more with Brad Gerstner

Jun 16, 2023

(0:00) Bestie intros: Chamath flies public + Poker recap

(8:12) FED pauses hikes momentarily, IPO window status, state of the market

(25:10) Film, cold plunge, and sauna talk

(33:25) AI's impact on tech and growth stocks surging, Google's position, AI's "$20T question"

(50:27) Jay Trading beating the market, how Brad formulates and sizes public bets, how GPs should handle distributions, CalPERS mistakes

(1:04:22) Reddit moderators in revolt and how this issue might reshape the future of social apps

(1:15:11) Funding landscape for AI startups is overheating: Mistral's $100M+ Seed round, importance of constraints, and more

(1:44:17) Science corner: Understanding the Bill Gates-funded mosquito project in Colombia

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

https://twitter.com/altcap

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.cnbc.com/2023/06/14/fed-rate-decision-june-2023.html

https://fred.stlouisfed.org/series/FEDFUNDS

https://www.reuters.com/markets/deals/intel-talks-be-anchor-investor-arm-ipo-source-2023-06-13

https://www.reuters.com/markets/deals/softbanks-arm-registers-blockbuster-us-ipo-sources-2023-04-29

https://nvidianews.nvidia.com/news/nvidia-to-acquire-arm-for-40-billion-creating-worlds-premier-computing-company-for-the-age-of-ai

https://www.bloomberg.com/news/articles/2023-06-13/databricks-hits-1-billion-in-annual-sales-while-adding-data-warehouse-tool

https://www.gamesindustry.biz/nvidias-acquisition-of-arm-cancelled-due-to-significant-regulatory-challenges

https://bard.google.com

https://coda.io/@presh-dineshkumar/jay-trading

https://www.ft.com/content/86b49e10-3dd2-4427-b70b-993bad47b061

https://www.cnbc.com/2023/06/14/calpers-to-increase-venture-capital-investments-despite-tech-turmoil.html

https://www.theverge.com/2023/6/12/23755974/reddit-subreddits-going-dark-private-protest-api-changes

https://reddark.untone.uk

https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html

https://www.bbc.com/news/technology-20554441

https://digiday.com/media/twitters-third-party-app-problem

https://www.wired.com/2015/07/reddit-ceo-ellen-pao-steps-down-huffman-replacement

https://www.platformer.news/p/meta-is-building-a-decentralized

https://www.ft.com/content/cf939ea4-d96c-4908-896a-48a74381f251

https://twitter.com/natfriedman/status/1668650915505803266

https://www.kickstarter.com/projects/1523379957/oculus-rift-step-into-the-game

https://openai.com/blog/function-calling-and-other-api-updates

https://twitter.com/RobertKennedyJr/status/1667616444996104196

https://www.womenshealthnetwork.com/hormonal-imbalance/sunscreen-ingredients-that-mess-with-your-hormones