Dr Wil’s Summary of All-In Podcast Ep 229 – May 24, 2025

Bond crisis looming? GOP abandons DOGE, Google disrupts Search with AI, OpenAI buys Jony Ive's IO

Preview Summary for May 24, 2025 – All-In Podcast

📌 EPISODE HIGHLIGHTS

1. Bond Market Panic & Trump’s “Big, Beautiful Bill”

• Treasury bond auction flops → yields spike → equities dip.

• Bill makes Trump’s 2017 tax cuts permanent but adds $4T to the debt.

• Chamath Palihapitiya: “Anti-DOGE. This is not fiscal reform—it’s deficit gaslighting.”

• David Friedberg: “Every 1% rate hike = $350B/year in new interest payments.”

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2. AI Diplomacy: Sacks’ Strategic Middle East Trip

• New U.S. deal: Middle Eastern AI investments must match $1-for-$1 in U.S. infrastructure.

• 80% of foreign AI compute must be U.S.-operated.

• David Sacks: “We either have them power U.S. AI or China’s. There’s no middle path.”

• Goal: Make the U.S. tech stack the global standard while boxing out Huawei.

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3. Energy Bottleneck: The True Limiting Factor

• U.S.: 1 terawatt → 2 terawatts in 15 years.

• China: Already 3 → Scaling to 8 terawatts.

• David Friedberg: “Without abundant energy, AI and automation collapse. This is our generation’s Manhattan Project.”

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4. Google’s Big AI Push

• Unveiled “AI Mode” in search + $250/month Gemini Ultra Suite.

• Chamath: “They need to flip the default fast before OpenAI wins on hardware.”

• Sacks: “A solid midpoint move—but not the endgame.”

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5. OpenAI x Jony Ive: Hardware Moonshot?

• OpenAI acquires Ive’s IO for $6.5B. Device rumored to be a wearable or “puck.”

• Jason Calacanis: “This could be the next iPhone moment.”

• Chamath & Sacks: “Or a brilliant bluff wrapped in British charm.”

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6. CRISPR Breakthrough: One Letter Edit, One Life Saved

• First-ever in-vivo base edit cured a newborn with a fatal CPS1 mutation.

• Friedberg: “There are 20,000–30,000 diseases caused by single-letter DNA errors. This opens the door to curing them.”

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7. The Path Forward: Austerity vs. Abundance

• Friedberg: “Abundance through energy, CRISPR, AI, and robotics is how we outgrow our debt.”

• Chamath: “Without power, none of it scales. The future hinges on electrons.”

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💡 KEY INSIGHT:
Markets may soon punish U.S. fiscal excess, but exponential abundance—if unleashed—could change the game. The fuse is lit. Energy is the bottleneck.