All-In Summit: Bill Gurley
(0:00) Bill Gurley takes the stage at the All-In Summit
(1:29) Bill's Presentation: Searching for Feynman
Links to additional resources mentioned in talk and used in research:
https://t.co/LrixEr9Bw6
@bgurley
BREAKING: The holdout juror in Lindsay Clancyโs murder trial has broken his silence, saying eight fellow jurors behaved like โactivistsโ who wanted her found not guilty on Day 1.
Michael Desronvil said he concluded Clancy was guilty based on the evidence presented in court.
MUST SEE: Amazing moment as President Trump calls Nvidia CEO Jensen Huang while he's on stage at the All-In Summit.
@POTUS on AI Doomerism: โI'm telling you, it's all a hoaxโฆ and we're not going to let that happen.โ
President Trump calls Jensen mid-interview at the All-In Summit to say AI taking over the world is a hoax
Jensen: "Mr. President? I've got to tell you something. If it wasn't because of you calling, I would... I'm on stage with the besties."
Trump: "You see, the great thing about life is that Jensen can develop the most complex computer chip in the world that nobody can copy for 10 years, but he can't figure out how to put me on speaker."
"So, the AI, it's almost a conspiracy, and the happiest group is China, they're very happy."
"I'm telling you, it's all a hoax. The data centers are great and they make people wealthy and they make states wealthy and it's the oil of the next 20, 25 years. It's bigger than the Internet."
"The robots are not going to be taking over the world and that's not going to happen. The AI will not be taking over the rest of the world. The whole thing is a hoax."
"Now, with that, we have to be a little bit careful, but that doesn't mean we're going to stop an industry. So I'm with you all the way."
.@DavidSacks makes a good case here that the โAI will kill humanityโ headlines were orchestrated: they leaped into mainstream media from the dormant X account of an Anthropic employee who quit after six weeks. David names purported perpetrators and calls out the role @WSJ played.
Iโve reached out to senior people in the @WhiteHouse, not as a journalist but as a Palisades citizen, to get crucial FEMA funding extended so charities helping fire victims do not suddenly disappear. Please repost this: it will help fire victims if the right people see a response
Some thoughts on Darioโs post:
1. Dario does not actually address Gavin Bakerโs account of what he said โ something he could easily deny if it were inaccurate.
2. Dario claims his critics live in a โbubbleโ where all regulation equals regulatory capture. He calls this an overly simplified view and notes that โMany people outside this bubble think of regulation as something that constrains corporate power and benefits ordinary people.โ This argument is a straw man. Of course treating all regulation as capture would be overly simplified โ but almost no one holds that view. I have repeatedly argued for strong antitrust enforcement to keep industries competitive, especially Big Tech. If Anthropic continues toward monopoly or duopoly status, I would be among the first to demand those rules apply.
3. Regulatory capture is not vague or in the eye of the beholder. Nobel laureate George Stigler defined it as regulation acquired by an industry and designed and operated primarily for its benefit. Stigler challenged the traditional view that government regulation arises from a benevolent state protecting the public from market failures. Rather, industry groups have concentrated stakes and pour resources into influencing regulators, whereas the publicโs stake is diffuse and unorganized. The revolving door between companies and the agencies that regulate them compounds the problem. Anthropic understands these dynamics: it has hired multiple senior Biden AI-policy officials and built a substantial government-affairs operation plus a network of aligned organizations to push its preferred frameworks at state and federal levels.
4. Dario has consistently pushed for a new federal agency to review and approve frontier models prior to release โ a proposal framed variously as an โFDA for AI,โ an โFAA for AI,โ and most recently a โFINRA for AI.โ I call it a โDMV for AIโ because a review process modeled on the FAA or FDA (which takes years) or FINRA (which issues rules for a staid industry widely seen as protecting incumbents) will create long queues as AI models wait for testing and approval. This process will only become more labyrinthine as rules accumulate to prevent theoretical harms. This would handicap the U.S. relative to China, which will not adopt the same constraints. It would also undermine Anthropicโs own business model, whose pricing power depends on remaining ahead of open models. Whatever Dario states today, it is difficult to believe the company would simply accept outcomes that erase that advantage.
5. Anthropic is on track to become one of the most valuable companies in history, with the resources to navigate any approval process and shape the rules while competitors wait. Dario wants open models under heavier scrutiny โ he has called them dangerous in Senate testimony, criticized them for not being centrally monitored or withdrawn, and linked them to IP theft. He says he has never sought a ban, but he could achieve a similar result by insisting that identical rules apply to both open and closed models. The U.S. risks becoming an island of costly closed models while the rest of the world races ahead with broader choice.
6. Dario acknowledges that AI is structurally centralizing but attributes this mainly to chips and scaling laws. Access to compute matters, but the deeper risk is who decides which capabilities are available to whom. His preferred pre-deployment testing and FAA/FINRA-style oversight would place that gatekeeping power in a federal bureaucracy working hand-in-glove with a small number of frontier labs โ reinforcing centralization rather than countering it.
7. The second part of Darioโs post assumes we have amnesia about Anthropicโs well-orchestrated campaigns hyping AI fears. His May 2025 claim that AI would wipe out 50 percent of entry-level knowledge jobs within five years still lacks supporting evidence fifteen months later. Similarly Anthropic breathlessly promoted its heavily contrived โblackmailโ study on 60 Minutes. Yet Dario blames public negativity on a long-standing loss of trust in institutions rather than his own messaging.
8. These narratives have done more than anything to shape public fear. People are left asking the same question Mark Zuckerberg posed: why race to build a future you describe in such negative terms? Thomas Sowellโs "The Vision of the Anointed" captures the mindset โ elite intellectuals convinced that only they are enlightened enough to control the outcome. As Zuckerberg notes, concentrating power in the hands of an enlightened few has rarely produced the promised results; the practitioners turn out to be less enlightened in practice than in self-conception.
9. Gavin Baker summarized the disagreement cleanly on our pod: Dario believes frontier AI is too powerful to distribute; we believe it is too powerful to centralize. Dario appears to believe, sincerely, that safety and progress are best served by centralizing authority in a marriage of corporate and state power. The weight of human history gives us reason to fear that outcome.
@thepivot@Realrclark25 So glad I watched this. I don't want the controversy to define him. No doubt he's been one of the hardest-working and most knowledgeable talents in sports broadcasting. I know I'll miss him on ESPN.
@ChatGPTapp Just pushed out a Mac desktop app update, and the new app didn't have the option for just Chat, but only Work and Codex. I basically lost access to my projects and history. I found "ChatGPT Classic" in the trash and restored it, deleted the new ChatGPT app, and will now wait for them to get their act together before updating. You have to do better change management than this!
Marc Andreessen just named the lie that held for a hundred years and is collapsing in real time.
We gave authority to the people who explained things. Not the people who built them.
And nobody questioned why.
For a century, builders created and journalists translated. The public accepted it because complexity demanded a middleman.
But the middleman was never the expert. The middleman was the channel.
And we mistook the channel for the source.
Andreessen: โYou set it loose and it will write you literally a 30-page answer. This is basically like a textbook on any topic.โ
Any topic. Infinite depth. Zero cost. No gatekeeper.
He has a name for what comes next. Practitioner media.
Andrej Karpathy doesnโt sit across from a journalist. He turns on a camera and teaches the world how the architecture works. No filter. No editorial framing. No one deciding what youโre ready to hear.
The press calls it dangerous.
They are not protecting the public. They are protecting the bottleneck that gave them power.
The critic always needed the creator. The creator never needed the critic.
They just had no other way to reach the world.
Now they do.