Latest Interviews

Is the big tech trade over?

Ben Snider, Chris Hussey

The S&P 500 recently declined 5% following a year-end rally, driven by reassessments of mega-cap valuations amid shifting inflation data and skepticism over AI profitability. Goldman Sachs analysts characterize this correction as a market rotation where capital is flowing from large-cap tech stocks to small-cap equities, a divergence that benefits smaller companies anticipating interest rate cuts. Despite the drop, the firm maintains a positive outlook, citing robust earnings and historical precedents where similar market dips often result in higher valuations within three months.

Field of streams: sports viewing changes

Evan Gershkovich, Kamala Harris, Jason Palmer, Tom Wainwright, Oliver Carroll, Holly Burman

Major media companies are reallocating substantial content budgets to live sports rights as streaming platforms capture one-third of Olympic viewership, prompting traditional cable networks to launch exclusive services while tech giants like Netflix enter the market to aggregate global audiences. Simultaneously, the US faces a critical diplomatic standoff after a Russian court sentenced WSJ reporter Evan Gershkovich to 16 years in prison on espionage charges, with both sides actively exploring potential prisoner exchanges involving high-profile detainees ahead of the American elections. In the domestic political arena, Kamala Harris's campaign leveraged the viral "Brat" internet aesthetic to energize younger demographics and close polling gaps, signaling a shift toward social media-driven engagement that challenges traditional polling and policy-focused messaging.

Destruction instruction: Western armies learn from Gaza

Jason Palmer, Rosie Bloor, Shashank Joshi, Emma Irving, Andrew Kitness

Recent analysis of the Gaza conflict reveals that while Israel claims to have eliminated Mohamed Deif, the war continues to yield critical tactical lessons on urban defense, drone efficacy, and the complexities of fighting in tunnel networks that are reshaping Western military doctrine. Simultaneously, Silicon Valley remains divided over J.D. Vance, whose venture capital background and anti-regulation stance attract a core group of billionaire allies despite generating anxiety among broader tech executives concerning his protectionist trade policies. In Hong Kong, a distinct cultural phenomenon sees "haunted house" superstitions driving a 20% to 33% reduction in property values, forcing legal disclosure mandates and technological adaptations to manage a market where social isolation and rapid urbanization fuel ghost-related fears.

The Besties Take Napa | All-In Special

Chamath, Jason, Friedberg

Speakers including David Friedberg, Chamath Palihapitiya, and David Sachs predict a future where AI enables small teams to rebuild the software stack by replacing human coding and administrative roles with automated workflows, potentially rendering traditional SaaS obsolete. The discussion highlights critical enterprise AI hurdles regarding data context windows, proposing Retrieval Augmented Generation as a necessary optimization, while advocating for an investment philosophy that favors intense focus on single verticals over diversified portfolios. These technical and strategic insights were exchanged at a high-cost Milan gathering, which also featured personal reflections on the "bionic" nature of work, poker as a decision-making tool, and a surprise birthday celebration for Friedberg.

Trump assassination attempt, Secret Service failure, Inside the RNC, VC liquidity problem

Trump, Chamath, Jason, Friedberg, Nick, Freeburg

Following a failed assassination attempt by Thomas Matthew Crooks that killed one attendee and injured others, the Republican National Convention solidified a coalition between MAGA populists and tech interests by selecting J.D. Vance as Donald Trump's vice-presidential running mate. The hosts analyzed the event's security failures, debated the impact of political rhetoric on the violence, and examined the administration's potential shift toward isolationist trade policies and regulatory changes regarding Big Tech. Simultaneously, the discussion highlighted significant venture capital developments, including Stripe's liquidity deal and Google's potential acquisition of Wiz, while predicting President Biden's imminent withdrawal from the race due to declining donor confidence.

Veep show: America meets J.D. Vance

J.D. Vance, Donald Trump, Rosie Bloor, Jason Palmer, Adam O'Neill, Kinley Salmon, Kenneth Kukie

Republican vice presidential nominee J.D. Vance delivered a populist speech emphasizing his working-class roots and isolationist economic views to differentiate himself from Donald Trump and reshape the GOP's intellectual foundation. Meanwhile, economists identify Latin America's severe trade underperformance as a result of geographical barriers, economic homogeneity, and political fragmentation that limit intra-regional commerce. Finally, Kenneth Kukie argues that classic literature such as *The Trial* and *Macbeth* provides more profound insights into leadership and organizational chaos than contemporary management manuals.

Hot Swap growing, donors revolt, President Kamala? SCOTUS breakdown: Immunity, Chevron, Censorship

Kamala, Jason, Friedberg, Chamath Palihapitiya

Following a contentious debate that triggered a surge in support for Kamala Harris, President Biden faces intense pressure regarding his cognitive fitness while the Supreme Court delivers landmark rulings on presidential immunity and the end of the *Chevron* doctrine. Legal experts and commentators warn that replacing Biden with an untested successor during heightened global conflicts with Russia could prove dangerous, even as the court's decisions in *Loper Bright* and *Trump v. United States* reshape the balance of power between the administrative state and the judiciary. Amidst these political and legal shifts, the upcoming All-In Summit aims to convene industry leaders to discuss the future of media, artificial intelligence, and the evolving landscape of American enterprise.

Degree programme: stopping heat deaths

Jason Palmer, Rosie Bloor, Rachel Dobbs, Mark Johnson, Annie Crable

Record global heatwaves have exposed severe climate inequalities, prompting urgent adaptation measures such as worker protections and cooling infrastructure to address disproportionate risks for low-income populations and the elderly. Concurrently, a major demographic shift in international higher education sees Indian students overtaking their Chinese counterparts as the primary growth engine, fundamentally altering tuition revenue models and immigration policies in the US and UK. In the consumer goods sector, a rapidly expanding $6.6 billion market for full-body deodorants is challenging traditional hygiene norms, driving sales through anxiety-inducing marketing while raising medical concerns regarding the safety of applying fragrances to sensitive skin areas.

Rule and divide: Donald Trump is judged immune

Donald Trump, Rosie Bloor, Jason Palmer, Stephen Mazey, Katrine Braig, Nicole Phan

The U.S. Supreme Court issued a 6-3 ruling granting former President Donald Trump partial immunity from federal prosecution for official acts, a decision critics warn may establish a monarch-like "president for life." Concurrently, scientists are debating polar geoengineering projects to halt ice sheet melting, though experts predict these extreme interventions will fail due to logistical impossibility and high environmental risks. Meanwhile, the iconic Hoi Fong Sriracha brand faces prolonged production halts stemming from a 2017 supply dispute, prompting consumers to switch to competitors while the rancher who supplied the chili launched a rival product.

The Weekend Intelligence: The state of Britain

Andy Miller, Jason Palmer, Andrew Miller, Daniel Callaghan, Colin Grant, Sir Verdon Boldenor, Jack Thorne, Stuart Patterson, Richard McShane, Professor John McKendrick, Jessica Power, David Kynaston

Ahead of the July 4 general election, Labour leader Sir Keir Starmer prepares to assume power over a nation grappling with systemic decay defined by record public debt, stagnant real wages, and the lowest public satisfaction in NHS history since 2010. The country faces a legacy of political instability, economic stagnation, and regional inequality exacerbated by Brexit and austerity, resulting in a demographic where 41% of citizens believe their children will face a worse quality of life. Despite these profound challenges, observers note that Britain retains its constitutional stability while transitioning into a "poor, rich" era marked by eroded trust and a public expectation of significant reform under new leadership.

Debate and switch? Biden’s stumble

Biden, Jason Palmer, Rosie Bloor, Idris Kholoun, Emily Steinmark, Lane Green

President Joe Biden faces intensifying scrutiny and succession speculation after a CNN debate marked by significant memory lapses, while Donald Trump countered with mixed policy shifts and historical inaccuracies. Simultaneously, the Dark Energy Spectroscopic Instrument released preliminary data suggesting dark energy density fluctuates over time, potentially invalidating the standard cosmological model. In Spain, the San Isidro Festival demonstrated bullfighting's cultural resilience despite declining participation rates and rising political opposition from left-wing officials.

Marc Andreessen on Inventing The Internet Browser (How We all Access the Internet)

Marc Andreessen, Ben Horowitz

Drawing from Mark Andreessen's journey from a rural Wisconsin farm to the University of Illinois, the event details the 1992-1993 creation of Mosaic, which defied the era's academic consensus by introducing a graphical web interface that prioritized openness over binary efficiency. Following a contentious split with the University of Illinois and its commercial licensee Spyglass, Jim Clark recruited Andreessen to found Netscape in 1994, catalyzing a legal battle and a Microsoft counter-offensive that ultimately collapsed Spyglass's business model while democratizing global internet access. The narrative extends beyond this history to warn of current risks, contrasting the successful "hyperstition" of early web pioneers with modern fears of regulatory capture and the incompetence of established experts in predicting technological evolution.

Better models, better startups.

B2B companies are leveraging advanced AI models to achieve productivity scales where a single employee performs the equivalent work of ten, while simultaneously upselling premium features to drive year-over-year revenue growth. End-users focus on functional utility rather than model architecture, allowing vendors to incrementally charge for enhanced capabilities as technology improves. This strategy has proven highly effective, with a Y Combinator cohort demonstrating rapid expansion from $6 million to over $30 million in annual revenue within a single batch cycle.

Rocketing science: China’s newest superpower

Rosie Bloor, Ainsley Johnston, Lane Green

Chinese research institutions have achieved global leadership in high-impact scientific output through massive state investment and large-scale laboratory structures, though this rapid ascent raises concerns regarding citation manipulation and military dual-use technologies. Simultaneously, Southern European nations demonstrate that longevity is driven more by physical activity, urban density, and social cohesion than by wealth, challenging the modern erosion of traditional dietary habits. In the United States, a rare convergence of 13- and 17-year cicada broods has triggered the emergence of one trillion insects across the East, presenting critical research opportunities to understand evolutionary adaptation mechanisms amidst the threat of climate change.

Hannah Boettcher on the mental health challenges that come with trying to have a big impact

Hannah Boettcher, Luisa Rodriguez

This session details how psychotherapy's efficacy relies primarily on the therapeutic alliance and client engagement rather than specific modalities, advocating for transdiagnostic approaches that target shared underlying psychological processes. It further examines the intersection of mental health and high-impact work by warning against the burnout caused by strictly instrumental moral reasoning and perfectionism while promoting self-compassion and values-based action. Finally, the discussion reframes anxiety as an evolutionary default, encouraging individuals to practice mindful acceptance and experiential exposure to navigate internal discomfort and existential risks effectively.