Meta's scorched earth approach to AI, Tesla's future, TikTok bill, FTC bans noncompetes, wealth tax

<p>(0:00) Bestie Intros: Reservation Tips!</p> <p>(5:20) Meta goes scorched earth in AI, why the stock was down despite beating on earnings</p> <p>(22:20) Tesla's roadmap, ranking the company's highest-upside bets outside of cars for the next 10 years</p> <p>(47:25) FTC bans noncompetes: impact on startups and company formation</p> <p>(1:00:33) Besties reminisce on their encounters with Steve Jobs</p> <p>(1:10:25) TikTok "divest-or-ban" bill is signed into law: Will China comply? What's it worth without the algorithm? Will a deal get done?</p> <p>(1:27:22) Biden's proposed capital gains hikes and a 25% wealth tax for those with $100M+ in assets</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://ai.meta.com/blog/meta-llama-3">https://ai.meta.com/blog/meta-llama-3</a></p> <p><a href= "https://huggingface.co/meta-llama/Meta-Llama-3-8B">https://huggingface.co/meta-llama/Meta-Llama-3-8B</a></p> <p><a href= "https://about.fb.com/news/2024/04/introducing-our-open-mixed-reality-ecosystem"> https://about.fb.com/news/2024/04/introducing-our-open-mixed-reality-ecosystem</a></p> <p><a href= "https://about.fb.com/news/2024/04/meta-ai-assistant-built-with-llama-3"> https://about.fb.com/news/2024/04/meta-ai-assistant-built-with-llama-3</a></p> <p><a href= "https://www.cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/index.html"> https://www.cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/index.html</a></p> <p><a href= "https://www.youtube.com/watch?v=kiMTRQXBol0">https://www.youtube.com/watch?v=kiMTRQXBol0</a></p> <p><a href= "https://twitter.com/AravSrinivas/status/1781099224169320500">https://twitter.com/AravSrinivas/status/1781099224169320500</a></p> <p><a href= "https://wow.groq.com/12-hours-later-groq-is-running-llama-3-instruct-8-70b-by-meta-ai-on-its-lpu-inference-enginge"> https://wow.groq.com/12-hours-later-groq-is-running-llama-3-instruct-8-70b-by-meta-ai-on-its-lpu-inference-enginge</a></p> <p><a href= "https://twitter.com/lauramaywendel/status/1782040453266710551">https://twitter.com/lauramaywendel/status/1782040453266710551</a></p> <p><a href= "https://twitter.com/naveengrao/status/1781491370114633816">https://twitter.com/naveengrao/status/1781491370114633816</a></p> <p><a href= "https://twitter.com/winglian/status/1783456379199484367">https://twitter.com/winglian/status/1783456379199484367</a></p> <p><a href="https://www.meta.ai">https://www.meta.ai</a></p> <p><a href= "https://twitter.com/chamath/status/1780302197772952049">https://twitter.com/chamath/status/1780302197772952049</a></p> <p><a href= "https://electrek.co/2024/03/16/tesla-full-self-driving-beta-v12-finally-rolls-out"> https://electrek.co/2024/03/16/tesla-full-self-driving-beta-v12-finally-rolls-out</a></p> <p><a href= "https://www.reuters.com/business/autos-transportation/tesla-cuts-price-full-self-driving-software-by-third-8000-2024-04-21"> https://www.reuters.com/business/autos-transportation/tesla-cuts-price-full-self-driving-software-by-third-8000-2024-04-21</a></p> <p><a href= "https://fortune.com/2024/04/15/elon-musk-tesla-cut-10-percent-global-workforce-14000-employees-slowing-ev-demand"> https://fortune.com/2024/04/15/elon-musk-tesla-cut-10-percent-global-workforce-14000-employees-slowing-ev-demand</a></p> <p><a href= "https://www.reuters.com/business/autos-transportation/tesla-take-shareholder-vote-shifting-incorporation-texas-musk-says-2024-02-01"> https://www.reuters.com/business/autos-transportation/tesla-take-shareholder-vote-shifting-incorporation-texas-musk-says-2024-02-01</a></p> <p><a href= "https://www.ft.com/content/46aac746-4a54-437f-a0b7-9b81b154c21d">https://www.ft.com/content/46aac746-4a54-437f-a0b7-9b81b154c21d</a></p> <p><a href= "https://www.google.com/finance/quote/TSLA:NASDAQ">https://www.google.com/finance/quote/TSLA:NASDAQ</a></p> <p><a href= "https://www.cnbc.com/2024/04/24/tesla-stock-up-after-elon-musk-says-new-affordable-ev-models-coming.html"> https://www.cnbc.com/2024/04/24/tesla-stock-up-after-elon-musk-says-new-affordable-ev-models-coming.html</a></p> <p><a href= "https://www.tesla.com/blog/master-plan-part-deux">https://www.tesla.com/blog/master-plan-part-deux</a></p> <p><a href= "https://twitter.com/chamath/status/1776663647735218491">https://twitter.com/chamath/status/1776663647735218491</a></p> <p><a href= "https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf"> https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf</a></p> <p><a href= "https://www.cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html"> https://www.cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html</a></p> <p><a href="https://palmetto.com">https://palmetto.com</a></p> <p><a href= "https://www.youtube.com/watch?v=pja_n8ThDsU">https://www.youtube.com/watch?v=pja_n8ThDsU</a></p> <p><a href= "https://www.fastcompany.com/90972171/cruise-suspends-driverless-vehicle-operations-in-san-francisco-after-dmv-revokes-permit"> https://www.fastcompany.com/90972171/cruise-suspends-driverless-vehicle-operations-in-san-francisco-after-dmv-revokes-permit</a></p> <p><a href= "https://twitter.com/DavidSacks/status/1777496946263134414">https://twitter.com/DavidSacks/status/1777496946263134414</a></p> <p><a href= "https://www.nytimes.com/2023/11/03/technology/cruise-general-motors-self-driving-cars.html"> https://www.nytimes.com/2023/11/03/technology/cruise-general-motors-self-driving-cars.html</a></p> <p><a href= "https://thehill.com/business/4615452-ftc-votes-to-ban-non-compete-agreements"> https://thehill.com/business/4615452-ftc-votes-to-ban-non-compete-agreements</a></p> <p><a href= "https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes"> https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes</a></p> <p><a href= "https://www.techemails.com/p/steve-jobs-emails-adobes-ceo">https://www.techemails.com/p/steve-jobs-emails-adobes-ceo</a></p> <p><a href= "https://venturebeat.com/business/how-steve-jobs-felt-betrayed-by-eric-schmidt-over-googles-android"> https://venturebeat.com/business/how-steve-jobs-felt-betrayed-by-eric-schmidt-over-googles-android</a></p> <p><a href= "https://www.youtube.com/watch?v=CWOt9Cjq2mw">https://www.youtube.com/watch?v=CWOt9Cjq2mw</a></p> <p><a href= "https://www.theverge.com/2024/4/24/24139036/biden-signs-tiktok-ban-bill-divest-foreign-aid-package"> https://www.theverge.com/2024/4/24/24139036/biden-signs-tiktok-ban-bill-divest-foreign-aid-package</a></p> <p><a href= "https://abcnews.go.com/Politics/senate-returns-95b-foreign-aid-package-ukraine-israel/story?id=109506150"> https://abcnews.go.com/Politics/senate-returns-95b-foreign-aid-package-ukraine-israel/story?id=109506150</a></p> <p><a href= "https://www.cnbc.com/2023/12/06/tiktok-parent-bytedance-offers-share-buyback-at-268-billion-valuation.html"> https://www.cnbc.com/2023/12/06/tiktok-parent-bytedance-offers-share-buyback-at-268-billion-valuation.html</a></p> <p><a href= "https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm?rc=pxkrxo"> https://www.theinformation.com/articles/bytedance-exploring-scenarios-for-selling-tiktok-without-algorithm?rc=pxkrxo</a></p> <p><a href= "https://www.aclu.org/press-releases/senate-reauthorizes-and-expands-section-702-surveillance"> https://www.aclu.org/press-releases/senate-reauthorizes-and-expands-section-702-surveillance</a></p> <p><a href= "https://twitter.com/DavidSacks/status/1783220583075111401">https://twitter.com/DavidSacks/status/1783220583075111401</a></p> <p><a href= "https://www.wsj.com/tech/tiktok-ban-chinese-owners-bytedance-1a857a06"> https://www.wsj.com/tech/tiktok-ban-chinese-owners-bytedance-1a857a06</a></p> <p><a href= "https://x.com/MsMelChen/status/1783524423963697262">https://x.com/MsMelChen/status/1783524423963697262</a></p> <p><a href= "https://x.com/Jason/status/1783556155924705388">https://x.com/Jason/status/1783556155924705388</a></p> <p><a href= "https://x.com/Jason/status/1783604248569360516">https://x.com/Jason/status/1783604248569360516</a></p> <p><a href= "https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922"> https://www.atr.org/biden-calls-for-44-6-capital-gains-tax-rate-highest-capital-gains-tax-since-its-creation-in-1922</a></p> <p><a href= "https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf"> https://home.treasury.gov/system/files/131/General-Explanations-FY2025.pdf</a></p> <p><a href= "https://www.bloomberg.com/news/articles/2024-04-24/tax-on-rich-to-save-social-security-popular-with-swing-state-voters-poll"> https://www.bloomberg.com/news/articles/2024-04-24/tax-on-rich-to-save-social-security-popular-with-swing-state-voters-poll</a></p> <p><a href= "https://balajis.com/p/all-it-takes-is-all-you-got">https://balajis.com/p/all-it-takes-is-all-you-got</a></p> <p><a href= "https://twitter.com/maceskridge/status/1783290784311058788">https://twitter.com/maceskridge/status/1783290784311058788</a></p>