Skip to content
All-In PodcastAll-In Podcast

E135: Wagner rebels, SCOTUS ends AA, AI M&A, startups gone bad, spacetime warps & more

(0:00) Bestie intros: Friedberg fills in as moderator! (2:45) Wagner Group rebellion (23:15) SCOTUS strikes down Affirmative Action (51:03) Databricks acquires MosaicML for $1.3B, Inflection raises $1.3B (1:09:35) IRL shuts down after faking 95% of users, Byju's seeks to raise emergency $1B as founder control in jeopardy (1:26:38) Science Corner: Understanding the NANOGrav findings Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://edition.cnn.com/2023/06/22/politics/ukraine-counteroffensive-western-assessment/index.html https://www.independent.co.uk/news/world/europe/putin-wagner-russia-treason-coup-b2363430.html https://www.statista.com/statistics/896181/putin-approval-rating-russia https://www.levada.ru/en/ratings https://twitter.com/MatreshkaRF/status/1673209794608365570 https://www.csis.org/blogs/post-soviet-post/la-vie-en-rose-why-kremlin-blacklisted-levada-center https://www.nytimes.com/2023/06/29/world/africa/central-african-republic-wagner-africa-syria.html https://www.cnbc.com/2023/06/29/supreme-court-rejects-affirmative-action-at-colleges-says-schools-cant-consider-race-in-admission.html https://en.wikipedia.org/wiki/Students_for_Fair_Admissions_v._Harvard https://twitter.com/greg_price11/status/1674426520100814848 https://www.nbcnews.com/news/us-news/study-harvard-finds-43-percent-white-students-are-legacy-athletes-n1060361 https://www.wsj.com/articles/databricks-strikes-1-3-billion-deal-for-generative-ai-startup-mosaicml-fdcefc06 https://www.snowflake.com/blog/snowflake-acquires-neeva-to-accelerate-search-in-the-data-cloud-through-generative-ai https://www.forbes.com/sites/alexkonrad/2023/06/29/inflection-ai-raises-1-billion-for-chatbot-pi https://www.theinformation.com/articles/social-app-irl-which-raised-200-million-shuts-down-after-ceo-misconduct-probe https://www.theinformation.com/articles/softbank-backed-messaging-app-irl-says-it-has-20-million-users-some-employees-have-doubts-about-that https://www.bloomberg.com/news/articles/2023-06-27/byju-s-seeks-to-raise-1-billion-to-sidestep-shareholder-revolt https://techcrunch.com/2023/06/27/prosus-byjus-markdown https://twitter.com/shaig/status/1673836979903950851 https://www.ft.com/content/b8a4214f-7f64-4d3a-97c4-4731f2effb0d https://twitter.com/chamath/status/1674469606746992651 https://pauloffit.substack.com/p/my-conversation-with-robert-f-kennedy https://www.quantamagazine.org/an-enormous-gravity-hum-moves-through-the-universe-20230628 https://physics.aps.org/articles/v16/116 #allin #tech #news

David FriedberghostJason CalacanishostChamath PalihapitiyahostGuestguest
Jun 30, 20231h 36mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Geopolitics, Supreme Court shifts, AI gold rush, and cosmic ripples

  1. The hosts open with analysis of the Wagner Group’s brief mutiny in Russia, debating its implications for Putin’s regime, the Ukraine war, and Western narratives about Russian instability. They then dissect the U.S. Supreme Court’s decision striking down race-based affirmative action, exploring ethics, legacy admissions, unions, and school choice as deeper levers of equality of opportunity. The conversation shifts to the AI boom, covering Databricks’ acquisition of MosaicML, Inflection AI’s massive raise, and how infrastructure players are racing to assemble full-stack AI capabilities, while warning of ZIRP-era excess and weak venture discipline. They close with examples of startup fraud and overvaluation, and a “science corner” on new evidence of universe-scale gravitational waves subtly warping spacetime.

IDEAS WORTH REMEMBERING

5 ideas

The Wagner mutiny exposed cracks but did not destabilize Putin’s regime.

Prigozhin’s march toward Moscow lacked elite or popular support, ended in a negotiated exile, and ultimately seemed to consolidate Russian power centers around Putin, even as it embarrassed the regime.

Western hopes for a ‘liberal coup’ in Russia are likely misguided.

The hosts argue pressure on Russia is more likely to strengthen nationalist hardliners than produce a Gorbachev- or Navalny-style successor; a figure like Prigozhin could easily be worse for the West.

The end of affirmative action will likely accelerate scrutiny of legacy and athletic admissions.

With race-based preferences struck down, unequal but unprotected advantages for legacies, donors’ children, and recruited athletes become more glaring, setting up future legal and reputational challenges.

Fixing inequality at college admissions is too late; early education is the real leverage point.

Several hosts argue real opportunity gaps open in pre-K and K–12, advocating school choice, competition with teachers’ unions, and intensive early support (e.g., STEM bridge programs) over college-level band-aids.

AI infrastructure is in a land-grab phase, driving aggressive M&A and mega-fundraises.

Deals like Databricks–MosaicML and Snowflake–Neeva, plus Inflection AI’s GPU-heavy raise, reflect a race by data and cloud players to own the end-to-end AI toolchain, from data to model training to deployment.

WORDS WORTH SAVING

5 quotes

Be careful what you wish for. Why in the world would Americans want Prigozhin in charge of Russia’s nuclear arsenal?

David Sacks

Trying to fix it when they’re 18 is a little too late. Fixing it when these kids are three, four, and five years old—that’s when they deserve and need all the help in the world.

Chamath Palihapitiya

Fund size is destiny. For SoftBank, a $10–20 million check doesn’t even make sense, so they had to write $200 million checks into essentially seed-stage companies.

David Sacks

This time it is not different. Replace AI with crypto, coworking, or SaaS—it’s the exact same thing.

Chamath Palihapitiya

We’re starting to see that spacetime itself is slowly vibrating, being stretched and compressed because of very large gravitational events happening around the universe.

David Friedberg

Wagner Group rebellion in Russia and its impact on the Ukraine warSupreme Court decision ending race-based affirmative action in college admissionsLegacy admissions, athletic preferences, and equity versus meritocracy in higher educationRole of unions, school choice, and early education in addressing inequalityAI infrastructure boom: Databricks–MosaicML deal, Neeva acquisition, Inflection AI fundingVenture capital dynamics, fund size incentives, and ZIRP-era startup distortions (IRL, Byju’s, crypto)NanoGrav’s pulsar data revealing gravitational waves and warping of spacetime

High quality AI-generated summary created from speaker-labeled transcript.

Get more out of YouTube videos.

High quality summaries for YouTube videos. Accurate transcripts to search & find moments. Powered by ChatGPT & Claude AI.

Add to Chrome