Trump Brokers Gaza Peace Deal, National Guard in Chicago, OpenAI/AMD, AI Roundtripping, Gold Rally

**Jason Calacanis** (0:00)
All right, everybody. Welcome back to the number one podcast in the world. That's right. It's your favorite podcast. It's your podcasters' favorite podcast, the All-In podcast. We're back, baby. Chamath Palihapitiya is here, our chairman, our dictator. How are you doing, brother?

**Chamath Palihapitiya** (0:19)
Great, you?

**Jason Calacanis** (0:21)
F***ing fantastic. You know, you put the Uber stock price and the Robinhood stock price together, $150, I'm annoying. $200, I'm insufferable. And $250, we just hit. I am off the reservation officially, hopping the fence. So, yeah, life's good. All right, with us again, David Sacks, the czar.

**David Sacks** (0:45)
By the way, what's the reason why your Robinhood stock is through the roof? Because the crypto policies of the Trump ministration.

**Jason Calacanis** (0:51)
Yeah, that's fair, fair. That's half of it.

**David Sacks** (0:53)
That's why it's gone from, what is it, like $3 to 130 billion.

**Chamath Palihapitiya** (0:57)
Two, $2.

**Jason Calacanis** (0:59)
I paid less than a penny for my shares, but yes, it went from 13 to 150

**David Sacks** (1:03)
Well, this is a typical liberal. You benefit from our policies and then you trash them.

**Jason Calacanis** (1:07)
I'm a moderate, independent moderate. Here we go. Now it's starting already. It's going to be a great week, everybody. Buckle up. And what's the namaste in your payday? Our fifth bestie is back, Brad. Welcome home.

**Brad Gerstner** (1:21)
It's great to be here. Great to be. I went out and got a haircut.

**Chamath Palihapitiya** (1:23)
Welcome back into the fold.

**Jason Calacanis** (1:25)
Welcome back.

**Brad Gerstner** (1:26)
I got a haircut on the occasion. Jason, Jason, do you know how long it's been since I was last on this pod?

**Chamath Palihapitiya** (1:33)
I don't know.

**Jason Calacanis** (1:33)
I've invited you like 12 times, but I think the emails, there's something going on with email. I didn't get any of my White House invitations. You didn't get any All-In invitations.

**Brad Gerstner** (1:41)
I mean, it's been so long since I was on this pod. I went back and listened. The last show I was on, we were still talking about how great Chamath Spacks were before they crashed the entire market and he's already back. I mean, it was before Saxie Poo saved the entire crypto industry from prison and certain bankruptcy and Jason, it was before you got so tilted with Democrats that you went completely off grid, moved to Texas and bought a bunch of guns.

**Jason Calacanis** (2:10)
There it is.

**Brad Gerstner** (2:10)
It's been a minute.

**Jason Calacanis** (2:11)
So much has changed in a fortnight.

**Chamath Palihapitiya** (2:14)
My God.

**Brad Gerstner** (2:15)
Well, here we are.

**Jason Calacanis** (2:16)
Well, we're all back. We're having some fun. We'll have a little fun with our fifth bestie who's here.

**Chamath Palihapitiya** (2:20)
Only a five billion dollar drawdown for me between those memories.

**Jason Calacanis** (2:25)
Who's complaining?

**Chamath Palihapitiya** (2:26)
Who's counting?

**Jason Calacanis** (2:28)
I mean, after a certain number.
We've got to start off with the Israel Hamas ceasefire deal. Thanks to President Trump, who announced it just yesterday. We tape on Thursdays. He announced it on Wednesday. You'll listen to this on Friday, hopefully. And he announced the first phase of a multi-stage peace deal. Notably, it was on the day after the two-year anniversary of the horrific October 7th attacks, which led obviously to the invasion of Gaza. And this war has been particularly devastating for Gaza. Most of the region has been destroyed. 2.3 million residents have been displaced. And according to the Gaza Health Ministry, which I know some people will debate, over 67,000 Palestinians have been killed. The deal is based off of Trump's 20-point peace plan, which the White House published last week, and the Israeli government will vote on the deal today. Maybe even before the show comes out. Even with all this tragedy, something has gone tremendously right when it comes to these peace negotiations and the peace talks. So, Sacks, tell us what went so right here in those negotiations.

**David Sacks** (3:49)
I mean, right now, it looks like both sides have agreed to this deal, and the first phase of the deal is for there to be a ceasefire to end active fighting. It's going to allow unrestricted aid into Gaza. It's going to allow the release of all remaining Israeli hostages, and Israel is going to release 2,000 Palestinian prisoners and start withdrawing Israeli troops. So, that is what apparently has been agreed to. And the Middle East has a way of disappointing you. Sometimes these deals don't stick, but based on everything we understand to be the case right now, this appears to be a big breakthrough in terms of the fighting will stop and all the hostages will be released. And I do think it is a big accomplishment by the president in terms of how this happened is because the president was willing to both cajole and coerce and use pressure with respect to both sides of the conflict. Long time diplomat, Aaron David Miller, who advised both Republican and Democrat administrations on release peace negotiations for the last three decades, he said that, I'll quote here, Donald Trump has demonstrated a degree of will unlike any other president, Republican or Democrat. He has pressed an Israeli prime minister in a way that none of his predecessors have ever done on an issue that that prime minister considers vital to his political survival and the way he would define Israeli security requirements. So that was Aaron David Miller, who again was the US negotiator in Middle East peace negotiations for a quarter century. And in fact, he wrote a very interesting article in 2005 called Israel's Lawyer, in which he was a little bit self-critical of the US's previous efforts in his own efforts, saying that in the past, the US saw its role as being to represent Israel as opposed to being an objective negotiator. And he critiqued the US's efforts saying that we might be able to get more done if the US was perceived as more of an honest broker and perceived as willing to be a little bit more neutral in the negotiations. And I think what he seems to be saying here is that Trump was willing to do that. He was willing to pressure Netanyahu as well as Hamas. I mean, obviously, you saw in the last few days that he said that if Hamas did not agree to this, all hell would break loose.