The AI Cold War, Signalgate, CoreWeave IPO, Tariff Endgames, El Salvador Deportations

Podcast Notes Playlist: Business

All-In with Chamath, Jason, Sacks & Friedberg

Intro

• Necessity is the mother of innovation: “We are putting enough friction into the system that it does theoretically give America an advantage at the cost of creating tremendous incentives for China to develop their semiconductor ecosystem.” – Gavin Baker
  • Prohibiting China’s access to Nvidia GPUs encourages China to create its own Nvidia, though it may take a decade for it to do so
• If progress in the AI agent space continues, the only rate-limiting factor to its widespread adoption will be compute power; the days of AI agents competing in all of our daily tasks is a long time away because this will require so much computing, and the capacity does not exist yet
• Most everybody agrees that deregulation is good: Every time the admin says the word “tariff” it should say “deregulation” three times after
  • The best way to encourage the reshoring of key industries is just making it easier to do business in America
  • The US must figure out the difference between manufacturing and IP so that we can trap the real value of these industries back in America
• The admin is focused on making life better for normal, working-class Americans
  • The goal of the tariffs is to restore the industries that can be restored into the US; but implementing them may create externalities, such as inflation and retaliatory tariffs
  • The globalized “free trade” model of the last twenty years has benefitted US knowledge workers, but it has left the everyday American behind
• On DOGE: While Democrats and Republicans may disagree on where the government spends its money, both sides should want the spending to be efficient
• Using the Alien Enemies Act of 1798, the Trump admin has deported 238 alleged gang members to El Salvador’s high-security CECOT prison
  • The last use of this act was during World War II under President Franklin D. Roosevelt, who ordered the deportation of thousands of Germans, Italians, and Japanese
  • Since 2015, El Salvador has slashed its murder rate by 99% through widespread arrests of suspected gang members without due process
• “The one thing I learned: Everybody in America is always focused on making America better. Having been to eighty different places around the world, our only goal should be to not screw it up in America. Just don’t make it worse, because America is so much better than everywhere else.” – Gavin sharing a quote from a Navy SEAL

Read the full notes @ podcastnotes.org

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(0:00) The Besties welcome Gavin Baker back on the show!

(1:20) Nvidia balance sheet questions, CoreWeave IPO, M&A/IPO bounce back

(16:22) US vs China in AI: Manus, China building its own Nvidia, and more

(28:37) The Administration's endgame for tariffs

(53:05) Signalgate: context and fallout

(1:09:42) El Salvador deportations

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Intro Music Credit:

https://rb.gy/tppkzl

https://x.com/yung_spielburg

Intro Video Credit:

https://x.com/TheZachEffect

Referenced in the show:

https://www.reuters.com/technology/coreweave-planning-cut-us-ipo-size-price-below-range-source-says-2025-03-27

https://www.reuters.com/world/us/us-adds-dozens-entities-export-restriction-list-2025-03-25

https://modelcontextprotocol.io/introduction

https://www.theinformation.com/articles/openai-plots-charging-20-000-a-month-for-phd-level-agents?rc=pxkrxo

https://www.youtube.com/watch?v=A8wJc7vHcTs

https://x.com/JohnArnoldFndtn/status/1905296181208416744

https://x.com/chamath/status/1904547884877701610

https://www.theatlantic.com/politics/archive/2025/03/trump-administration-accidentally-texted-me-its-war-plans/682151

https://www.whitehouse.gov/presidential-actions/2025/03/invocation-of-the-alien-enemies-act-regarding-the-invasion-of-the-united-states-by-tren-de-aragua

https://www.statista.com/statistics/696152/homicide-rate-in-el-salvador

https://x.com/Sec_Noem/status/1905034256826408982