Chip Stocks Crash, $20B Fund Margin Called, Frontier Labs: SLOW DOWN AI, Mamdani's Grocery Stores

<p>(0:00) Bestie intros</p> <p>(1:19) Chip stocks crash, Leopold Aschenbrenner's $20B fund gets margin called</p> <p>(20:20) China's advantage and green shoots for the US economy</p> <p>(34:12) Frontier Labs say "SLOW DOWN AI"</p> <p>(1:01:15) Why are frontier labs "burning books"?</p> <p>(1:14:45) Socialism Corner: Mamdani's grocery stores and the "Socialist Spectacle"</p> <p>(1:24:44) Science Corner: Understanding and mapping the brain</p> <p>Apply for All-In Summit 2026:</p> <p><a href= "https://allin.com/events">https://allin.com/events</a></p> <p>Follow the besties:</p> <p><a href="https://x.com/chamath">https://x.com/chamath</a></p> <p><a href="https://x.com/Jason">https://x.com/Jason</a></p> <p><a href= "https://x.com/DavidSacks">https://x.com/DavidSacks</a></p> <p><a href= "https://x.com/friedberg">https://x.com/friedberg</a></p> <p>Follow on X:</p> <p><a href= "https://x.com/theallinpod">https://x.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/@allin">https://www.tiktok.com/@allin</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://x.com/yung_spielburg">https://x.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href= "https://x.com/TheZachEffect">https://x.com/TheZachEffect</a></p> <p>Referenced in the show:</p> <p><a href= "https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html"> https://www.cnbc.com/2026/07/30/leopold-aschenbrenners-hedge-fund-is-facing-steep-ai-losses.html</a></p> <p><a href= "https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b"> https://www.wsj.com/finance/citadel-buys-situational-awarenesss-stock-portfolio-after-big-losses-in-ai-5117159b</a></p> <p><a href= "https://polymarket.com/event/fed-decision-in-september-762">https://polymarket.com/event/fed-decision-in-september-762</a></p> <p><a href= "https://situational-awareness.ai">https://situational-awareness.ai</a></p> <p><a href= "https://www.cnbc.com/quotes/US30Y">https://www.cnbc.com/quotes/US30Y</a></p> <p><a href= "https://x.com/nicolasfulghum/status/2082083884578050299">https://x.com/nicolasfulghum/status/2082083884578050299</a></p> <p><a href= "https://theprint.in/science/breakthrough-china-artificial-sun-project-6-5-tesla-magnet/2999321"> https://theprint.in/science/breakthrough-china-artificial-sun-project-6-5-tesla-magnet/2999321</a></p> <p><a href= "https://www.pacingthefrontier.com/">https://www.pacingthefrontier.com/</a></p> <p><a href= "https://www.cnbc.com/2026/07/29/openai-cfo-sarah-friar-tells-employees-arr-in-july-topped-all-of-q2.html"> https://www.cnbc.com/2026/07/29/openai-cfo-sarah-friar-tells-employees-arr-in-july-topped-all-of-q2.html</a></p> <p><a href= "https://www.dwarkesh.com/p/why-compute-might-get-10x-more-expensive"> https://www.dwarkesh.com/p/why-compute-might-get-10x-more-expensive</a></p> <p><a href= "vhttps://www.reuters.com/world/china/china-starts-production-home-grown-immersion-duv-chipmaking-tools-source-2026-07-28"> vhttps://www.reuters.com/world/china/china-starts-production-home-grown-immersion-duv-chipmaking-tools-source-2026-07-28</a></p> <p><a href= "https://www.google.com/finance/beta/quote/ASML:NASDAQ">https://www.google.com/finance/beta/quote/ASML:NASDAQ</a></p> <p><a href= "https://www.cnbc.com/2026/07/27/cxmt-china-market-debut-chipmaker-ipo.html"> https://www.cnbc.com/2026/07/27/cxmt-china-market-debut-chipmaker-ipo.html</a></p> <p><a href= "https://polymarket.com/event/ipos-before-2027">https://polymarket.com/event/ipos-before-2027</a></p> <p><a href= "https://polymarket.com/event/us-enacts-ai-safety-bill-before-2027/us-enacts-ai-safety-bill-before-2027"> https://polymarket.com/event/us-enacts-ai-safety-bill-before-2027/us-enacts-ai-safety-bill-before-2027</a></p> <p><a href= "https://x.com/v_nefodov/status/2082927219224060043">https://x.com/v_nefodov/status/2082927219224060043</a></p> <p><a href= "https://www.wsj.com/opinion/the-ai-future-is-for-everyone-a0c24e20"> https://www.wsj.com/opinion/the-ai-future-is-for-everyone-a0c24e20</a></p> <p><a href= "https://punchbowl.news/article/tech/thune-anthropic">https://punchbowl.news/article/tech/thune-anthropic</a></p> <p><a href= "https://www.wsj.com/tech/ai/anthropic-doubles-midterm-spending-to-40-million-to-push-ai-regulation-9cd547ae"> https://www.wsj.com/tech/ai/anthropic-doubles-midterm-spending-to-40-million-to-push-ai-regulation-9cd547ae</a></p> <p><a href= "https://x.com/OpenAI/status/2082577277246972300">https://x.com/OpenAI/status/2082577277246972300</a></p> <p><a href= "https://www.carltonfields.com/insights/publications/2025/no-copyright-protection-for-ai-assisted-creations-thaler-v-perlmutter"> https://www.carltonfields.com/insights/publications/2025/no-copyright-protection-for-ai-assisted-creations-thaler-v-perlmutter</a></p> <p><a href= "https://x.com/Jason/status/2082577230941557068">https://x.com/Jason/status/2082577230941557068</a></p> <p><a href= "https://www.tomshardware.com/tech-industry/artificial-intelligence/ai-companies-are-reportedly-shredding-millions-of-books-to-train-models-tech-giants-outsource-to-middlemen-to-secretly-buy-up-books-for-training-material"> https://www.tomshardware.com/tech-industry/artificial-intelligence/ai-companies-are-reportedly-shredding-millions-of-books-to-train-models-tech-giants-outsource-to-middlemen-to-secretly-buy-up-books-for-training-material</a></p> <p><a href= "https://www.404media.co/ai-companies-are-buying-tons-of-old-books-because-theyre-free-of-ai-slop"> https://www.404media.co/ai-companies-are-buying-tons-of-old-books-because-theyre-free-of-ai-slop</a></p> <p><a href= "https://www.youtube.com/watch?v=d1azwUwKrPo&t=39s">https://www.youtube.com/watch?v=d1azwUwKrPo&t=39s</a></p> <p><a href= "https://arxiv.org/pdf/2602.16417">https://arxiv.org/pdf/2602.16417</a></p>