Chamath: Bitcoin Goes to Zero, Robots vs. $40T Debt, Elon’s SpaceX Shares for 72M Kids | EP #304

I do think that we have achieved AGI. It

cannot diffuse. And the reason it cannot

diffuse has nothing to do with the

technology. It has everything to do with

the buildup until you actually build it

out so everybody can feel it or a

plurality of human beings can feel it.

It's just something that exists in a

lab.

>> Welcome to the singularity. Anthropic

announced the Anthropic public benefit

fund. 5% is somewhere between 75 to

hundred billion dollars.

>> I think that these guys kind of uh walk

the walk uh and talk the talk. I I don't

think that there's something nefarious

there. I think they genuinely believe

>> next year I will give one of my SpaceX

shares to every kid in America. This

will be the first of many. There are 72

million Americans under age 18. So

that's roughly 10.5 billion in total,

$146 per kid.

>> This is really the better version of the

giving pledge.

>> Teaching this entire generation to own

equities is a really good move. I think

>> now the big question. Can Trump accounts

contributed from billionaires and

frontier labs actually move the needle

for the average American? And I think

>> now that's a moonshot, ladies and

gentlemen.

>> This episode is brought to you by the

Abundance Summit and Link Ventures.

>> Welcome to Moonshots, everyone. Your

number one podcast in all things AI and

exponential, your front row seat to the

accelerating singularity. Today I'm here

with the original crew, AWG, our

in-house ASI. Alex, good to see you. You

changed your orchid today.

>> Nah, it's just a floodfill.

>> Okay. Dave Blondon, our improario of AI

investing and Sel is our warlord against

linear thinking. Salem, you're home.

>> I am actually home. Thank God. Loving

every second of it.

And from the All-In podcast, the man his

co-hosts call chairman dictator Chamath

Paulia. Chamath, a pleasure to have you

on our crossover episode.

>> Thank you. It's great to be uh included.

>> Now, at the end of this, I want you to

tell me which of the Greek moderators

you prefer more, me or Jal. Okay.

>> Okay.

>> J.

You.

But for the 1% of people who don't know

who you are, let me do a proper

introduction. So, Chimath was born in

Sri Lanka and grew up in Ottawa with

very little, working at Burger King to

help pay the bills, make ends meet. Uh,

he became AOL's youngest vice president,

then built the growth team that helped

Facebook to a billion users. And since

founding Social Capital in 2011, he's

been on a rocket ship, purchased 10% of

the Golden State Warriors, put the first

check into Grock, which Nvidia just

licensed in a $20 billion deal. Today,

he's a CEO of 8090, which raised 135

million this summer to build the world's

legacy software with AI. Chamath, a

pleasure to have you on the fun side of

the podcast universe.

>> God, I mean, the way the way the way you

say it, it just looks like it all it all

works.

Hey, what you overlooked there, Chamath

is shedding all material possessions.

So, the Golden State Warriors, I guess,

is going to be off the docket, right?

>> Uh I I mean, my parts of my family still

own part of it, but I I do not.

>> And everybody, I'm Peter Demandis, your

host and abundance provocator. Our

mission is always help you understand

what just happened, what it means, keep

you optimistic and abundance minded as

we go through the singularity. And this

is another crazy week. But before we

start, I just had the most amazing lunch

with William Shatner and his son-in-law

Joel. So spent two hours with with

Captain Kirk, my childhood hero, and he

was grilling me about uh about

geothermal energy and what the best

companies for drilling are

>> and I was just so impressed. He's 95

years old and the guy has got just an

incredible passion for life. So, and and

guess what, Seem, he's joining us at

Abundant Summit this year.

>> Oh, that's awesome.

>> Yeah.

>> I am shocked that Spock wasn't your

childhood hero.

>> No, no, it was the guy who got the girls

for sure.

>> Oh, okay.

>> And the one who was like just pushing

the universe forward.

>> Well, Chimath, it's it's incredibly

awesome to get you on the pod here. Um,

you know, back during COVID, my oldest

son, Daniel, came to me and said, "I

just saw the most amazing podcast ever.

there are actually four people on the

planet who know what they're talking

about. You've got to check it out. So,

it was like a lifesaver through that

whole, you know, window where everyone

was trapped at home. So, I've been a

huge fan ever since. So, it's great.

It's great to meet you.

>> Thank Thank you for saying that.

>> Yeah. I think all of us are all podcast

fans.

>> It's the one podcast I never miss. Ever.

>> Really?

>> Yeah.

>> Yeah.

>> That's a commitment

>> because you See, you miss this one all

the time. I missed. Wait a time. How

does that work? But I don't miss that

one.

>> Because you're someplace on the planet.

>> Yeah. No, sure. The two podcast I listen

to is this one when we recorded and All

in.

>> We're turning into the Marvel Cinematic

Universe with All-In crossover here. I I

think Where's Iron Man? Where's Doctor

Strange?

>> I see. I see. And then we're going to

have an internal war like Avengers

against Avengers

>> inevitably.

>> All right. Let's open with a story

that's either the most generous move in

corporate history or the cleverest IPO

marketing ploy ever. So on Sunday,

Anthropic announced the Anthropic public

benefit fund. Let me read from their

post. Quote, "Subject to stockholder

approval, 5% of Anthropic shares will be

committed today with an additional 2%

added to the at the board's discretion

for every 50% increase in the company's

value above a set baseline." The post

continues, "It is common practice for

tech companies to offer escalating

compensation awards to their executives.

We are instead directing that equity

towards public benefit. So, uh, what is

it worth? Enthropic is heading for a

roughly 2 billion $2 trillion IPO,

though 1.5 trillion is being floated and

at that range 5% is somewhere between 75

to hundred billion. Uh now add the

founders pledge when enthropic started

all seven co-founders pledged to give

away 80% of their equity about half of

the employees are also pledging shares

with a matching grant. Enthropic says

altogether roughly 20% of the company is

dedicated to the public good placing it

somewhere between 300 to 400 billion uh

compared to open's uh open a

foundation's value of 130 to 365

billion. So, um, it's a lot of money

going towards public benefit. Uh, the

reactions on X were instant and varied.

Elon said, quote, "I recommend giving

the shares directly to the public. This

is what I'm going to do." And more on

this in our second story. AI analyst

Andrew Curran said, "It sounds to me

like they're planning their own form of

self-directed UBI." Brad Gersonner said,

"It's an extraordinary gift, but warned

about quote foundation wealth

concentration." and said, "I hope a

meaningful portion of AI wealth is

directed uh is direct dividends." And

then Palmer Lucky came out and said,