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  1. Milken Institute50 min

    The Business of Sports: From Old School to Influence | Asia Summit 2025

    Adam Heng, John Dykes, Derek Chang, Josh Empson, Deborah Mei, Jeff Wilbur

    This panel analyzed the global sports industry's shift toward a $600 billion valuation driven by media rights dominance, strategic capital infusions by firms like Sixth Street, and the rapid "soccerization" of ownership structures. Speakers highlighted transformative demographic trends, including the Asian diaspora's influence on club valuation, the surge in women's sports viewership, and the integration of entertainment formats like Netflix's "Drive to Survive" to capture younger audiences. Ultimately, the discussion underscored a strategic pivot from traditional monopoly models to capitalistic frameworks that prioritize authentic fan experiences while addressing the significant under-monetization of female athletes.

  2. Sourcery with Molly O'Shea50 min

    Inside The $2.2B AI Research Accelerator | Turing

    Jonathan Siddharth, Molly O'Shea

    Turing, a profitable AI infrastructure firm valued at $2.2 billion, serves nine frontier labs by deploying a global network of four million engineers to generate expert data for training superintelligence models. The company distinguishes itself from traditional data labelers by combining smart human sourcing with proactive research to advance coding, reasoning, and multi-modality pillars while challenging the dominance of commodity data services. Facing a market where internet-based pre-training data is exhausted, Turing aims to capture a $30 trillion opportunity by replacing legacy consulting models with agentic systems that automate complex enterprise knowledge work.

  3. Milken Institute46 min

    Smart Finance: The Intersection of AI, Technology, Talent, and Transformation | Asia Summit 2025

    Krist Boo, Asilah Azil, Marcelo Claure, Andreas Kreuz

    Global AI investment is surging toward $500 billion annually, yet a 95% failure rate persists as enterprises struggle to move beyond pilot programs, with only top performers like T-Mobile and K Health demonstrating significant commercial payback. While 47% of organizations report recent AI risk incidents, the primary barrier to value realization remains cultural resistance and workflow inertia rather than technology, necessitating CEO-led change management and governance models that treat agents as corporate citizens. As geopolitical dynamics force Southeast Asian nations like Singapore to adopt a multipolar strategy leveraging both US and Chinese strengths, the race for success now hinges on massive workforce reskilling and the strategic integration of human capital with autonomous systems.

  4. a16z49 min

    Sam Altman on Sora, Energy, and Building an AI Empire

    Sam Altman, Ben Horowitz, Erik Torenberg

    OpenAI CEO Sam Altman outlines a strategic shift toward extreme vertical integration, establishing a massive global infrastructure stack to support research, consumer products, and hardware while securing partnerships with Nvidia, AMD, and Oracle. The organization prioritizes scientific advancement and world model development, predicting that within two years AI systems will autonomously conduct complex research in physics and biology, though this rapid scaling necessitates new per-generation monetization models. Concurrently, Altman advocates for a measured regulatory approach focused only on superhuman capabilities to avoid stifling innovation, while emphasizing that the ultimate economic value of this infrastructure lies in the successful and gradual deployment of artificial general intelligence.

  5. a16z56 min

    Opendoor CEO: Building the Amazon for Homes

    Kaz Nejatian, Alex Rampell, Erik Torenberg

    CEO Kaz Nejatian is steering Opendoor away from its failed inventory-heavy iBuyer model toward a software marketplace aiming to control 10% of housing supply to disrupt traditional agent monopolies through 1% commissions. Following a strategic pivot triggered by the "triple whammy" of Zillow's competition, rising interest rates, and capital pullback, the company now operates in every U.S. market with features like Dallas' seven-day return window to build high-frequency demand. The ultimate vision is to internalize the entire real estate transaction chain by bundling financing and insurance, thereby reducing friction and delivering net value to consumers while avoiding the pitfalls of operating as a low-frequency asset-holding business.

  6. a16z1h 3m

    The Lawyerly Society vs. The Engineering State: Who Owns the Future?

    Dan Wang, Steven

    Dan Filgate frames the U.S.-China competition not as a race with a definitive winner, but as a complex synthesis where American strengths in wealth creation and intellectual property must balance against China's engineering-driven capacity for infrastructure and manufacturing. The analysis highlights critical frictions between the U.S. "lawyer culture," which often paralyzes industrial progress through legal hurdles, and China's ability to enforce large-scale goals despite systemic human rights concerns and IP vulnerabilities. Ultimately, the dialogue urges the United States to avoid complacency by adopting more functional industrial policies that prioritize physical production and logistical efficiency rather than rigid legalistic processes.

  7. Sourcery with Molly O'Shea54 min

    CEOs of Epirus & Galvanick on the Future of Defense & Cybersecurity

    Andy Lowery, Joshua Steinman, Molly O'Shea

    Epirus and Galvanic founder Joshua Steinman outline a strategic pivot toward countering autonomous drone swarms and industrial cyberattacks by leveraging U.S. dominance in phased array and gallium nitride technologies. Epirus is deploying second-generation Force Field Generators ready for Army testing, while Galvanic deploys AI-driven software to protect critical operational technology infrastructure from pre-positioned state-sponsored malware. Together, these initiatives address a national security imperative by reindustrializing domestic supply chains for high-powered components and automating the detection of physical threats that traditional IT security measures cannot stop.

  8. Sourcery with Molly O'Shea51 min

    Joby, Dirac & Allen Control: The Future of Air, AI Factories & Defense Tech

    Molly O'Shea, Eric Allison, Filip Aronshtein, Steve Simoni

    The Reindustrialize 2024 summit in Detroit highlighted strategic capital infusions and operational expansions by key players such as Joby Aviation, Dirac, and Allen Control Systems to address critical gaps in the American industrial base. Joby Aviation secured further funding and strategic partnerships to advance its FAA-certified eVTOL air taxi program, while Dirac deployed AI-driven software to automate manufacturing instructions and preserve tribal knowledge, and Allen Control Systems raised capital to scale its "Bullfrog" kinetic defense turret for drone warfare. Collectively, these developments reflect a broader industry urgency to reverse offshoring trends, reintegrate vertically controlled supply chains, and deploy domestic manufacturing solutions amidst evolving geopolitical and technological pressures.

  9. All-In Podcast1h 30m

    Biggest LBO Ever, SPAC 2.0, Open Source AI Models, State AI Regulation Frenzy

    Friedberg, Jason Calacanis, Chamath Palihapitiya, David Sacks

    Electronic Arts is being taken private in a historic $55 billion transaction valued at $210 per share, driven by a consortium led by the Saudi Public Investment Fund and Silver Lake. The deal aims to shield the company from gaming gatekeepers like Microsoft and Sony while leveraging AI integration to optimize operations and create independent distribution channels. Concurrent discussions analyze the broader implications for the private equity sector, the strategic shift toward open-source AI models, and the urgent need for federal preemption to avoid a fragmented state-by-state regulatory landscape.

  10. Y Combinator45 min

    The 7 Most Powerful Moats For AI Startups

    Jared, Diana, Gary, Tiana, Harjit

    Founders now treat defensive moats as existential necessities to combat margin erosion, prioritizing execution speed and specialized engineering over traditional growth hacks. Key strategies include securing non-arbitrageable assets like regulatory approvals, leveraging deep workflow integration to create high switching costs, and adopting "work completed" pricing models to bypass incumbents' automation cannibalization traps. Ultimately, these tactics focus on emerging as sustainable advantages only after validating solutions to critical customer pain points, rather than relying on long-term strategic forecasting.

  11. Sourcery with Molly O'Shea49 min

    Vibe Coding, AI Valuations & the Supercycle | Navin Chaddha, Mayfield

    Navin Chaddha, Molly O'Shea

    The 2025 venture capital landscape is dominated by artificial intelligence, which absorbed 67% of global funding and created a 30.9% valuation premium for AI-native companies while leaving non-AI startups struggling to raise capital. Investors now prioritize founders with high emotional intelligence and proven execution over concepts, demanding consumption-based pricing models and "painkiller" solutions that deliver recurring revenue rather than relying on unsustainable hype. This shift is accelerating a projected $3 to $6 trillion automation opportunity in the knowledge worker sector, with market value migration moving from current infrastructure dominance toward applied AI and agentic technologies over the next decade.

  12. All-In Podcast54 min

    Ro Khanna Calls Out Both Parties: Immigration, Tech & Free Speech

    Ro Khanna, Chamath, Jason

    U.S. Representative Rohit "Roe" Khanna detailed his vision for immigration reform, border security, and economic patriotism during a fifth podcast appearance, advocating for skilled talent pathways while rejecting blanket visa fees and the zeroing out of asylum claims. The Representative criticized the Democratic Party for alienating the tech industry and emphasized the need for a forward-looking agenda focused on domestic revitalization, AI innovation, and bipartisan crime solutions rather than constant opposition to the Trump administration. Khanna also addressed immediate legislative crises, including the government shutdown caused by constitutional disputes over funding freezes, while reaffirming his commitment to banning congressional stock trading and warning against political violence fueled by an attention-driven media ecosystem.

  13. Milken Institute47 min

    The State of Global Capital Markets and the Future of Finance | Asia Summit 2025

    Richard Lui, David Chua, Michael Goosay, Hisham Hamdan, Noriko Honda Chen

    A panel of investment experts analyzed the diverging returns between emerging and developed markets, highlighting Asia's undervalued status despite its dominance in global GDP and growth. The discussion identified a strategic shift toward a "third wave" centered on India and Japan, driven by regulatory reforms, demographic trends, and the need for active management to overcome state-owned enterprise inefficiencies. Participants concluded that navigating liquidity risks, deglobalization, and the AI boom requires skilled investors to capitalize on structural transitions while balancing commercial returns with evolving social mandates.

  14. a16z52 min

    Building an AI Physicist: ChatGPT Co-Creator’s Next Venture

    Anjney Midha, Liam Fedus, Ekin Dogus Cubuk

    Founded by co-creators of ChatGPT and DeepMind physicists, Periodic Labs operates a frontier AI research facility dedicated to advancing physical science by coupling Large Language Models with automated high-throughput experimentation. The organization deploys a unique "mid-training" methodology and physically grounded reward functions to overcome the epistemic limits of current models, specifically targeting the discovery of high-temperature superconductors exceeding 200 Kelvin. By integrating ML scientists, experimentalists, and simulators into a unified workflow, the company aims to replace theoretical predictions with real-world data loops, eventually expanding its "AI physicist" capabilities to serve aerospace, defense, and semiconductor industries.

  15. All-In Podcast1h 8m

    Science Corner Special! David Friedberg, Cleo Abram, Alex Filippenko, and Keller Rinaudo Cliffton

    David Friedberg, Cleo Abram, Alex Filippenko, Keller Rinaudo Cliffton

    Vox alumna Cleo Abram, astrophysicist Alex Filippenko, and Zipline CEO Keller Renato Clifton converge to discuss the transformative potential of optimistic technology, from Abram's independent media platform that champions solutions over fear-mongering to Filippenko's insights on the James Webb Space Telescope's discovery of early galaxy formation and the critical funding crisis threatening scientific research. Clifton details Zipline's success in delivering over 115 million autonomous miles to save lives in developing nations and its rapid scaling in the U.S., arguing that reliable robotics are essential for future logistics and geopolitical stability. Together, these leaders emphasize that sustained investment in independent innovation and basic science is vital for creating better futures and expanding access to life-saving infrastructure globally.