All-In with Chamath, Jason, Sacks & Friedberg cover image

All-In with Chamath, Jason, Sacks & Friedberg

E171: DOJ sues Apple, AI arms race, Reddit IPO, Realtor settlement & more

Mar 22, 2024

01:19:20

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DOJ sues Apple for monopolizing smartphone markets, Apple in talks with Google for AI features, NAR settlement impact on real estate, Microsoft's acquisition of Inflection AI, $40B investment in AI fund, Reddit IPO speculation, universe expansion, pig kidney transplant in humans, Neuralink advancements

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Podcast summary created with Snipd AI

Quick takeaways

Microsoft's unconventional aquihire of Inflection AI signals a strategic move to secure talent and IP in the AI space.

Saudi Arabia's $40B AI fund underscores the growing significance of AI in global investments and tech advancements.

Investing in top open-source projects and robotics within the $40B AI fund can drive innovation and establish a strong presence in crucial domains.

Deep dives

Microsoft's $40 Billion AI Fund and a Bizarre Aqua Hire Deal

Microsoft aqua hires the team of inflection AI, including CEO Mustafa, in a peculiar deal that leaves the shell of the company intact. The deal, possibly structured to avoid antitrust issues, secures talent and IP without acquiring the company outright. Investors, including Reed Hoffman, Bill Gates, Eric Schmidt, benefit from this move, potentially as a bailout to salvage their investments. This unconventional strategy hints at Microsoft's complex approach to the AI space and talent acquisition.

Saudi Arabia's Public Investment Fund Strategy

The Future of App Development and Networking in a World of AI

Fragmentation and Automation in Real Estate Advisory Services

Understanding the Expansion of the Universe

1.

Introduction

3min

2.

Debating Apple's Antitrust Allegations and Market Dominance

15min

3.

Tech Giants' Market Power and AI Strategies

13min

4.

Tech Company Alliance & Real Estate Commission Changes

13min

5.

Microsoft's Aqua Hire of Inflection AI's Team

4min

6.

Strategic Investment Planning in the Evolving AI Landscape

14min

7.

Speculative Market Environment and Financial System Behavior

3min

8.

Analysis of Biden's Popularity and Commercial Real Estate Loan Crisis

2min

9.

Implications of High Interest Rates and Astrophysical Discoveries

5min

10.

Innovations in Organ Transplants and Brain-Controlled Movements

2min

11.

Advancements for Quadriplegic Individual and Media Discussions

6min

(0:00) Bestie Intros: Don't spoil Dune 2!

(0:55) DOJ drops antitrust suit on Apple

(23:36) Apple reportedly in talks with Google and OpenAI to power AI features on iPhone

(32:17) NAR settlement: how it impacts residential real estate going forward

(44:30) Microsoft's "Shadow Acquihire" of Inflection AI

(48:43) How the besties would deploy $40B in AI as a sovereign wealth fund

(1:01:57) Reddit IPO: is risk-on back?

(1:07:17) Science Corner(s): Universe expansion, first pig kidney transplant in human, Neuralink

Follow the besties:

https://twitter.com/chamath

https://twitter.com/Jason

https://twitter.com/DavidSacks

https://twitter.com/friedberg

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://storage.courtlistener.com/recap/gov.uscourts.njd.544402/gov.uscourts.njd.544402.1.0_3.pdf

https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets

https://www.google.com/finance/quote/AAPL:NASDAQ

https://www.bloomberg.com/news/articles/2024-03-18/apple-in-talks-to-license-google-gemini-for-iphone-ios-18-generative-ai-tools

https://www.macrumors.com/2023/10/11/google-pays-apple-billions-default-search

https://venturebeat.com/ai/apple-releases-mgie-a-revolutionary-ai-model-for-instruction-based-image-editing

https://twitter.com/chamath/status/1769751534940918234

https://nypost.com/2024/02/26/business/google-to-relaunch-woke-gemini-ai-image-tool-in-few-weeks

https://twitter.com/Patworx/status/1760189582870536408

https://www.youtube.com/watch?v=QNv9PRDIhes

https://www.nbcnews.com/business/real-estate/national-association-realtors-settlement-changes-rcna143634

https://www.wsj.com/real-estate/realtors-settlement-change-buy-sell-homes-da45eb23

https://www.bloomberg.com/news/articles/2024-03-19/inflection-ai-plans-pivot-after-most-employees-go-to-microsoft

https://www.bloomberg.com/news/articles/2024-03-19/microsoft-hires-deepmind-co-founder-suleyman-to-run-consumer-ai

https://inflection.ai/inflection-ai-announces-1-3-billion-of-funding

https://www.nytimes.com/2024/03/19/business/saudi-arabia-investment-artificial-intelligence.html

https://www.cnbc.com/2024/03/21/reddit-ipo-rddt-starts-trading-on-nyse.html

https://www.wsj.com/economy/central-banking/fed-officials-still-see-three-cuts-this-year-0b039532

https://www.wsj.com/real-estate/commercial/americas-office-fire-sale-has-barely-begun-0c8d376f

https://www.foxweather.com/earth-space/nasa-webb-telescope-hubble-observations-universe-expansion-rate-question

https://www.massgeneral.org/news/press-release/worlds-first-genetically-edited-pig-kidney-transplant-into-living-recipient

https://twitter.com/neuralink/status/1770563939413496146

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