IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate

Listen to this episode from All-In with Chamath, Jason, Sacks & Friedberg on Spotify. (0:00) The Besties welcome Thomas Laffont!(3:26) State of LA, Hollywood's decline, positivity around GDP growth and AI productivity(10:19) Zuck on tilt over AI: $100M offers, Scale AI deal, hiring spree(23:58) Mag 7 AI Showdown: Ranking the most likely AI winners, biggest stock divergences, and more(42:41) Why Apple is fumbling AI, and how they can fix it(57:02) IPOs and M&A heating up in 2025(1:16:18) State of liquidity: SPACs, Direct Listings, and more(1:25:40) Amazon's "kingmaker" position, job displacement(1:37:47) Sacks joins to discuss the GENIUS Act passing the Senate(1:52:13) Animal trailerFollow Thomas Laffont:https://x.com/thomas_coatueAnimal Trailer:https://www.youtube.com/watch?v=8NNW5r63oXUFollow the besties: https://x.com/chamathhttps://x.com/Jasonhttps://x.com/DavidSackshttps://x.com/friedbergFollow on X:https://x.com/theallinpodFollow on Instagram:https://www.instagram.com/theallinpodFollow on TikTok:https://www.tiktok.com/@theallinpodFollow on LinkedIn: https://www.linkedin.com/company/allinpodIntro Music Credit:https://rb.gy/tppkzlhttps://x.com/yung_spielburgIntro Video Credit:https://x.com/TheZachEffectReferenced in the show:https://techcrunch.com/2025/06/17/sam-altman-says-meta-tried-and-failed-to-poach-openais-talent-with-100m-offershttps://www.cnbc.com/2025/06/10/zuckerberg-makes-metas-biggest-bet-on-ai-14-billion-scale-ai-deal.htmlhttps://www.nytimes.com/2025/06/12/technology/meta-scale-ai.htmlhttps://scale.com/blog/scale-ai-announces-next-phase-of-company-evolutionhttps://www.reuters.com/business/meta-talks-hire-former-github-ceo-nat-friedman-join-ai-efforts-information-2025-06-18https://techcrunch.com/2012/09/11/mark-zuckerberg-our-biggest-mistake-with-mobile-was-betting-too-much-on-html5https://www.reuters.com/technology/china-launch-new-40-bln-state-fund-boost-chip-industry-sources-say-2023-09-05https://x.com/JoannaStern/status/1933564098291048764https://www.youtube.com/watch?v=wCEkK1YzqBohttps://x.com/chamath/status/1932157508698919320https://www.renaissancecapital.com/IPO-Center/Stats/Pricingshttps://www.aboutamazon.com/news/company-news/amazon-ceo-andy-jassy-on-generative-aihttps://x.com/chamath/status/1935369326321877153https://x.com/chamath/status/1935740807925100853https://www.google.com/finance/quote/COIN:NASDAQhttps://www.google.com/finance/quote/SPOT:NYSEhttps://x.com/ylecun/status/1935108028891861393https://x.com/ben_j_todd/status/1934284189928501482https://apnews.com/article/election-2024-senate-ohio-brown-moreno-74c4b91e5866215d4201377fefcadad0https://companiesmarketcap.com/microsoft/revenuehttps://apnews.com/article/election-2024-senate-ohio-brown-moreno-74c4b91e5866215d4201377fefcadad0https://www.youtube.com/watch?v=8NNW5r63oXU