DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market

**Jason Calacanis** (0:00)
All right, everybody, welcome to The World's Greatest Podcast. With me again today.

**Chamath Palihapitiya** (0:04)
The World's Number One Podcast.

**Jason Calacanis** (0:05)
Yes, The World's Number One Podcast. We came in eighth last week, I think, for those of you looking at the iTunes rankings, which is absurd. We've only got to beat Ben Shapiro.

**Chamath Palihapitiya** (0:14)
Number eight across all of Apple?

**Jason Calacanis** (0:17)
Something like that. Yeah, whatever their top episodes are on the weekends.

**Chamath Palihapitiya** (0:19)
Well, that means we crushed on Spotify then.

**Jason Calacanis** (0:22)
Probably, yeah, I would guess. I don't know all the rankings, but.

**Chamath Palihapitiya** (0:27)
And I guess on YouTube, we got labeled with some COVID thingamajig.

**Jason Calacanis** (0:30)
I mean, it's what is going on at YouTube. Like literally, you're labeling COVID at this point.

**SPEAKER_3** (0:36)
I mean, what a joke.

**Jason Calacanis** (0:38)
Oh, my Lord. So I guess we have to at the top of the show, talk about the fundraiser and I guess this like Vinod Khosla came in hot this week and attacked the besties. Let's play the clip.

**SPEAKER_4** (0:55)
What is your sense of the shifting winds in the valley around politics? I think for a very long time, the valley was seen as sort of a liberal bastion. But if you listen to Elon Musk or you listen to All-In Podcast and that gang and others, it seems to be shifting potentially towards former President Trump. Is that just a small pocket or do you think that that's a real shift in terms of the way the valley is thinking politically?

**SPEAKER_5** (1:24)
The first thing I would say is All-In Podcast and some of the supporters there are not based in the valley. I would say there's a bunch of Maga extremists in every part of society. And I hope we can prevent them from destroying democracy, which is probably the most important issue we face.

**Jason Calacanis** (1:44)
All right, Sacks, why are you destroying democracy?

**Chamath Palihapitiya** (1:50)
Now, that's a good fit, Jay Cal.

**David Sacks** (1:51)
That's good.

**Jason Calacanis** (2:10)
All right, David. If Vinod was at the conference, he got a little chippy here. Maybe he got a little bit out of line. He was a little bit out of line. What's your take?

**David Sacks** (2:18)
A little bit.

**Jason Calacanis** (2:19)
A little bit.

**David Sacks** (2:20)
A little bit. Well, first of all, Vinod should realize we're not MAGA extremists or extremists of any sort, because he's at All-in Summit last year.

**Jason Calacanis** (2:28)
He was great.

**David Sacks** (2:29)
Yeah, we like what he had to say.

**Jason Calacanis** (2:30)
Productive.

**David Sacks** (2:30)
And I certainly don't dispute his expertise and track record in tech. But in addition to that, then he's saying that we're not based in Silicon Valley. We're not from Silicon Valley. We've all been here for decades. And then he doubled down on that in a tweet. So that's a bizarre statement. Maybe he thinks he gets to define people in or out of Silicon Valley. I don't really understand it. But to be frank, this is one of a series of statements that he's made recently that I can only call insulting and childish. First, he had this tweet that he said that Trump supporters were lacking in empathy and caring. Then, he had another tweet where he said that Trump supporters weren't teaching good values to their kids. This caused Sean McGuire, who's a partner at Sequoia, to quote tweet him saying that I think that I'd rather raise my kids to grow up to take after Ivanka Trump than Hunter Biden. Yeah. And that got like something like 20,000 likes. And it was one of those brutal ratios I've ever seen on a tweet. So in any event, I mean, this is just one in a series of partisan tweets. And look, I think you can take whatever position you want on a political candidate. I can understand if he doesn't like Trump. A lot of people don't. He's raising money for Biden. That's fine. Doesn't bother me at all.

**Jason Calacanis** (3:47)
He just had a fundraiser like two weeks ago or something.

**David Sacks** (3:50)
Yeah, right. Exactly. That's not an issue at all. But what I do take offense at is labeling millions and millions of ordinary Americans as somehow lacking in empathy, lacking in caring, not being good parents because you don't like their support for Trump. Yeah. And I think that that is a statement that frankly reeks of being cocooned in an elite bubble for way too long. And let me just explain. If you look at where Trump's support is strongest, it's really in middle America, in sort of the heartland of America of what?