cover of episode Bond crisis looming? GOP abandons DOGE, Google disrupts Search with AI, OpenAI buys Jony Ive's IO

Bond crisis looming? GOP abandons DOGE, Google disrupts Search with AI, OpenAI buys Jony Ive's IO

2025/5/24
logo of podcast All-In with Chamath, Jason, Sacks & Friedberg

All-In with Chamath, Jason, Sacks & Friedberg
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参与Triple Click播客，讨论RPG游戏党员设定。
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Topics
Jason：债券市场是经济的晴雨表，近期美国国债需求疲软导致收益率上升，这与大规模的财政支出计划密切相关。市场对此反应强烈，引发了对美国财政可持续性的担忧。 Friedberg：政府通过发行债券来筹集资金，如果债券需求不足，政府需要提高利率。当前美国国债拍卖需求疲软，与高赤字的税收和支出法案有关，这将显著增加美国债务。更令人担忧的是，利率上升将导致利息支出呈指数级增长，加剧债务问题，形成恶性循环。 Chamath：新的财政法案与Doge的理念背道而驰，未能有效控制政府支出和解决债务问题。由于缺乏财政知识，众议院在最后一刻对法案进行了不当修改，导致能源价格上涨、人工智能发展受阻等一系列不良后果。利率上升将导致美国去杠杆化，人们会转向黄金和比特币等避险资产，评级机构可能会下调美国评级。 Sacks：尽管存在担忧，但该法案包含许多有益之处，包括永久延长2017年的减税政策。如果不通过该法案，将会出现几十年来最大规模的增税，影响中产阶级。此外，该法案还包括取消小费和加班税的承诺，为边境墙提供资金，并解锁联邦土地上的新石油和天然气。由于党派分歧和共和党内部对削减开支的犹豫，很难在财政方面取得进展。

Deep Dive

Shownotes Transcript

(0:00) Today's topics and bestie intros!

(2:49) Bond market chaos, GOP abandons DOGE, Trump's big, beautiful bill passes the House

(38:15) Google's big week: AI in search, roadmap to diversifying revenue

(46:49) OpenAI acquires Jony Ive's design startup for $6.5B

(57:09) AI Diplomacy: Sacks breaks down his trip to the Middle East and the datacenter deals

(1:15:25) Science Corner: CRISPR breakthrough!

(1:23:02) How increased energy production could solve America's fiscal problems

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https://x.com/friedberg)

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Intro Music Credit:

https://rb.gy/tppkzl)

https://x.com/yung_spielburg)

Intro Video Credit:

https://x.com/TheZachEffect)

Referenced in the show:

https://www.barrons.com/articles/20-year-treasury-bond-auction-bba9d889)

https://www.cnbc.com/quotes/US10Y)

https://x.com/KobeissiLetter/status/1925253934794342405)

https://www.google.com/finance/quote/.INX:INDEXSP?comparison=INDEXDJX%3A.DJI%2CINDEXNASDAQ%3A.IXIC&window=5D)

https://www.pgpf.org/article/moodys-downgraded-its-us-credit-rating-and-warns-that-recent-policy-decisions-will-worsen-fiscal-outlook/)

https://x.com/JessicaBRiedl/status/1925257429408756087)

https://www.google.com/finance/quote/BTC-USD)

https://www.google.com/finance/quote/GCW00:COMEX)

https://polymarket.com/event/how-many-fed-rate-cuts-in-2025?tid=1747933765493)

https://x.com/chamath/status/1925568992959492156)

https://x.com/chamath/status/1925590496103342114)

https://www.google.com/finance/quote/GOOG:NASDAQ)

https://blog.google/products/google-one/google-ai-ultra)

https://www.wsj.com/tech/ai/what-sam-altman-told-openai-about-the-secret-device-hes-making-with-jony-ive-f1384005)

https://x.com/BenGeskin/status/1925579528933372198)

https://x.com/DavidSacks/status/1924817118370951238)

https://mcigroup.my/top-news/malaysia-launches-regions-first-sovereign-full-stack-ai-infrastructure)