Socialists Sweep NYC, China Catches Up in Coding, AI Memory Crunch, Micron's Blowout Quarter

**Jason Calacanis** (0:00)
All right, everybody, welcome back. Welcome back to the number one podcast in the world, the All-In podcast, episode 278
And Friedberg, he took a mental health day today after the socialist sweep in New York City. So we invited two guests. They both said yes. Travis Kalanick is here from Adams. How are you doing, brother?

**Travis Kalanick** (0:20)
I'm good. I'm good. Good to see you.

**Jason Calacanis** (0:22)
Good to see you. Good to see you. And after a triumphant week at Starbase, the one, the only, everybody's favorite, Gavin Baker of Atreides. Management, how are you doing, Gavin?

**Gavin Baker** (0:35)
Great, man. Thanks for having me.

**Jason Calacanis** (0:37)
You're still floating on Cloud 9 after the SpaceX IPO? Yeah.

**Gavin Baker** (0:41)
That was a very special moment. And it was a culmination of decades of hard work. But man, to quote Bill Belichick, on to Cincinnati.

**Jason Calacanis** (0:52)
Yeah. Yeah. Exactly right. Yeah. Zero zero is how the NICs talked about the next game in every series. They're like, it's zero zero. We come into this as if it's like the first game of the series, even if we're up two games or three games. The Socialists have swept New York in the Congressional Democratic primaries. On Tuesday, New York City Mayor Mondami went three for three in the candidates, which he endorsed. And they all won their primaries. 10th District Leader Brad Lander defeated two-term incumbent Dan Goldman. 10th is one of New York's richest districts, includes the West Village, all those townhouses, Wall Street Dumbo, Cobble Hill, Carroll Gardens, Park Slope. That's some weird geography put together there. In New York's 13, Chevalier beat a five-term incumbent who was backed by House Speaker Hakeem Jeffries. And apparently the Socialists are coming for him. 13 is one of the poorest districts, Harlem and West Bronx, the Boogie Down Bronx. She's a 32-year-old Democrat Socialist with a history of spicy remarks.
New York's seventh district, Claire Valdez, won the open seat over the handpicked successor, the incumbent. Seven is a DSA stronghold, Bushwick, Williamsburg, Long Island City, Greenpoint, known as the Commie Corridor. A lot of hipsters and baristas with suspenders in that neighborhood. According to our partners at Polymarket, this was a pretty big upset. The Mondami sweep, chances were just 26 before election day. Yeah, that would be like the trifecta there if you were gambling. These candidates, just like Mondami, did a lot better with younger college-educated and high-income folks, folks who can afford to be Socialists.
These are all safe Democratic seats. The DSA will very likely win. Also, the DSA caucus. That's the best way you just said, people who can afford to be Socialists. It's always the rich-poors, you know, they're rich, but they pretend to be poor. It's perfect. I mean, this is the history of our country from the 30s, the 50s, Red Scare, Black Panthers. I mean, we'll get into it, Chamath. But basically, if you're intelligent and you get into business, you become a capitalist. If you're super intelligent and you go into academia, eventually you have the luxury of belief that Socialism is awesome. What's your take here, Chamath, and then I'll go to you, Saxy Poo, because I know I can see you're chomping on something over there. You're just ready to go. Honestly, I think that we are losing the script and part of it is because we've been our own worst enemy.
I'll just keep saying this that I think AI is a very good prism into this problem. I think AI is the greatest economic leveler we'll ever find in our lifetime. I think it's the thing that can create the greatest amount of equality. I think that it can even the starting line for every single person on earth.
But we've done such a poor job in representing it, in bringing it to market, in talking about it. We've let all of our own personal trials and tribulations and insecurities and fights spill out into the open. As a result, Silicon Valley has lost even more credibility with the people at large. In that vacuum, what other people can paint is a picture of how anything other than what capitalism looks like today is a better version of what they see.
This is why you're seeing, I think, a lot of these people get a lot of momentum. I think if you look at some of the key congressional races, they were a referendum on AI. The good news is we were able to hold the line in some of these key places, but just barely. In Utah and in New York, there was a couple of very important races, where it was essentially Anthropic funded anti-AI groups, which is, again, insane, against, in some ways, OpenAI funded pro-AI groups and the pro-AI groups won. You just explained that it's a great leveler. Can you give a couple of examples and just expand on that briefly? How is it a great leveler? I mean, I know, but for the audience's sake, you've said this a couple of weeks now, so I think unpack it a bit.