Biden chaos, Soft landing secured? AI sentiment turns bearish, French elections

<p>(0:00) Bestie intros!</p> <p>(4:29) Macro picture: Soft landing secured? Rate cut on the horizon? Plus: partisan economic perception</p> <p>(20:48) AI sentiment turns bearish due to massive spend with little revenue</p> <p>(40:51) A16Z's 20K GPU cluster</p> <p>(46:41) Broad implications of France elections</p> <p>(1:06:10) Hot swap update: President Biden holds firm as backers flee, press corps chaos, speed-run primary chances</p> <p>Apply for All-In Summit: <a href= "https://summit.allinpodcast.co">https://summit.allinpodcast.co</a></p> <p>Follow the besties:</p> <p><a href= "https://twitter.com/chamath">https://twitter.com/chamath</a></p> <p><a href= "https://twitter.com/Jason">https://twitter.com/Jason</a></p> <p><a href= "https://twitter.com/DavidSacks">https://twitter.com/DavidSacks</a></p> <p><a href= "https://twitter.com/friedberg">https://twitter.com/friedberg</a></p> <p>Follow on X:</p> <p><a href= "https://twitter.com/theallinpod">https://twitter.com/theallinpod</a></p> <p>Follow on Instagram:</p> <p><a href= "https://www.instagram.com/theallinpod">https://www.instagram.com/theallinpod</a></p> <p>Follow on TikTok:</p> <p><a href= "https://www.tiktok.com/@all_in_tok">https://www.tiktok.com/@all_in_tok</a></p> <p>Follow on LinkedIn:</p> <p><a href= "https://www.linkedin.com/company/allinpod">https://www.linkedin.com/company/allinpod</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href= "https://twitter.com/yung_spielburg">https://twitter.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://twitter.com/TheZachEffect">https://twitter.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://x.com/teddyschleifer/status/1811423421861113915">https://x.com/teddyschleifer/status/1811423421861113915</a></p> <p><a href= "https://www.cnbc.com/2024/07/11/cpi-inflation-report-june-2024.html"> https://www.cnbc.com/2024/07/11/cpi-inflation-report-june-2024.html</a></p> <p><a href= "https://www.barrons.com/livecoverage/stock-market-today-071124/card/odds-of-a-september-rate-cut-jump-as-inflation-cools-Du34tNx5OPXwQpXrKTT2"> https://www.barrons.com/livecoverage/stock-market-today-071124/card/odds-of-a-september-rate-cut-jump-as-inflation-cools-Du34tNx5OPXwQpXrKTT2</a></p> <p><a href= "https://fred.stlouisfed.org/series/UNRATE">https://fred.stlouisfed.org/series/UNRATE</a></p> <p><a href= "https://www.google.com/finance/quote/SPY:NYSEARCA">https://www.google.com/finance/quote/SPY:NYSEARCA</a></p> <p><a href= "https://ycharts.com/indicators/sp_500_pe_ratio">https://ycharts.com/indicators/sp_500_pe_ratio</a></p> <p><a href= "https://www.cbsnews.com/news/cbs-news-poll-analysis-americans-rate-economy-partisan-lens"> https://www.cbsnews.com/news/cbs-news-poll-analysis-americans-rate-economy-partisan-lens</a></p> <p><a href= "https://www.morningstar.com/news/marketwatch/20240709188/heres-how-far-the-dow-has-fallen-behind-the-sp-500-so-far-in-2024"> https://www.morningstar.com/news/marketwatch/20240709188/heres-how-far-the-dow-has-fallen-behind-the-sp-500-so-far-in-2024</a></p> <p><a href= "https://youtu.be/R6hJh-OwoZw">https://youtu.be/R6hJh-OwoZw</a></p> <p><a href= "https://www.sequoiacap.com/article/ais-600b-question">https://www.sequoiacap.com/article/ais-600b-question</a></p> <p><a href= "https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf"> https://www.goldmansachs.com/intelligence/pages/gs-research/gen-ai-too-much-spend-too-little-benefit/report.pdf</a></p> <p><a href= "https://www.theinformation.com/articles/andreessen-horowitz-is-building-a-stash-of-more-than-20-000-gpus-to-win-ai-deals"> https://www.theinformation.com/articles/andreessen-horowitz-is-building-a-stash-of-more-than-20-000-gpus-to-win-ai-deals</a></p> <p><a href= "https://x.com/natfriedman/status/1668650915505803266">https://x.com/natfriedman/status/1668650915505803266</a></p> <p><a href= "https://www.dailymail.co.uk/news/article-13594307/french-election-candidates-drop-rn-le-pen-victory.html"> https://www.dailymail.co.uk/news/article-13594307/french-election-candidates-drop-rn-le-pen-victory.html</a></p> <p><a href= "https://x.com/CilComLFC/status/1810110921383010563">https://x.com/CilComLFC/status/1810110921383010563</a></p> <p><a href= "https://www.nytimes.com/2024/07/10/opinion/joe-biden-democratic-nominee.html"> https://www.nytimes.com/2024/07/10/opinion/joe-biden-democratic-nominee.html</a></p> <p><a href= "https://www.politico.com/newsletters/playbook/2024/07/11/what-obama-and-pelosi-are-doing-about-biden-00167520"> https://www.politico.com/newsletters/playbook/2024/07/11/what-obama-and-pelosi-are-doing-about-biden-00167520</a></p> <p><a href= "https://www.nbcnews.com/politics/2024-election/disastrous-biden-campaign-fundraising-takes-major-hit-rcna161214"> https://www.nbcnews.com/politics/2024-election/disastrous-biden-campaign-fundraising-takes-major-hit-rcna161214</a></p> <p><a href= "https://x.com/greenfield64/status/1811199262350532767">https://x.com/greenfield64/status/1811199262350532767</a></p> <p><a href= "https://x.com/Olivianuzzi/status/1808924240529535352">https://x.com/Olivianuzzi/status/1808924240529535352</a></p> <p><a href= "https://x.com/peterjhasson/status/1811052411584164210">https://x.com/peterjhasson/status/1811052411584164210</a></p> <p><a href= "https://youtu.be/kOeARghNIaY">https://youtu.be/kOeARghNIaY</a></p> <p><a href= "https://www.semafor.com/article/07/07/2024/blitz-primary-could-open-up-democratic-race-if-biden-drops-out"> https://www.semafor.com/article/07/07/2024/blitz-primary-could-open-up-democratic-race-if-biden-drops-out</a></p>