Where to Find Them
Chamath Palihapitiya
hosts
All-In with Chamath, Jason, Sacks & Friedberg
,
hosts and writes
Chamath Palihapitiya
and
writes
https://chamath.substack.com
.
They have also been a guest on
Decoder with Nilay Patel
(4 times) ,
Capital Allocators – Inside the Institutional Investment Industry
(2 times) ,
Halftime Report
(2 times) ,
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
(2 times) ,
The Pomp Podcast
(2 times) ,
RiskReversal Pod
,
Lex Fridman Podcast
,
The Exchange
,
Tech Brew Ride Home
,
Masters in Business
,
Odd Lots
,
Squawk Pod
,
This Week in Startups
,
Bloomberg Intelligence
,
The Knowledge Project (Shane Parrish)
,
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
,
Invest Like the Best (Patrick O'Shaughnessy)
and
Zero: The Climate Race
.
Recently:
“Arvind Krishna & Nikesh Arora: Quantum Threat, Open vs Frontier AI, AI Cyber Warfare & SaaS Collapse”
on All-In with Chamath, Jason, Sacks & Friedberg (October 2026);
“CoreWeave Crash, AI Trade Cracks, Anthropic IPO Red Flags, Bill Gates Doomer”
on All-In with Chamath, Jason, Sacks & Friedberg (October 2026);
“Is Claude Conscious? Pope Rejects, Model Welfare Movement, OpenAI's Math Backlash, France Riots”
on All-In with Chamath, Jason, Sacks & Friedberg (October 2026);
“Trump's Super Intelligence Summit, AI Safety Accord, GDP Beats, Midterm Predictions”
on All-In with Chamath, Jason, Sacks & Friedberg (October 2026);
“Jake Paul & The Chainsmokers: Turning Fame into Funds, Jake Enters Politics? & Venture Bubble Signs”
on All-In with Chamath, Jason, Sacks & Friedberg (September 2026);
“Anthropic IPO at Risk, Meta's Muse Pop, Token Prices Fall, Open Source Gains Share, Alignment Fails”
on All-In with Chamath, Jason, Sacks & Friedberg (September 2026).
What They Said
Asked whether he is bearish on an Anthropic IPO, Chamath says no: he calls its revenue "breathtaking" and argues only that it should price low enough to raise a very large war chest. Here he describes the shift he expects in how AI is sold, from paying for tokens to paying for results.
All-In with Chamath, Jason, Sacks & Friedberg · 2026-10-17
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All-In with Chamath, Jason, Sacks & Friedberg
Around 45:33 into the episode
Jason Calacanis
…hat. It's just there on the side of your AI slot background. So, Shamath, you said $1 trillion for Anthropic a couple weeks ago. What are you thinking here? Do you think they have significant headwinds or do you think this is going to be a blockbuster IPO? Where are you at? Here in October of
Chamath Palihapitiya
…it. I don't know how to process it. I think their products are exceptionally good. I think they're doing the hard work and to open AI's credit, they are as well, of walking down the price curve so that they're less and less at risk of open source. I still think that there's a bunch of cannibalization that has to happen on the token side. I also think the big thing that has to happen in AI is we're effectively like in 1999 and 2000 in the internet media world where everybody just works on CPM. You know, that time it was cost per thousand ads. Right now it's cost per million input tokens. We will move to CPC and CPA, right? And so when Google invented and scaled AdWords and AdSense, the market exploded. Right. Because we went from buying a thousand ads to just getting an outcome. Right now we buy a million tokens. We will eventually move to an outcome. And I think when that happens…
Jason Calacanis
So you're saying you want them to raise more money at a lower valuation so they have a war chest. $150 billion at $1.5 trillion is
Chamath Palihapitiya
not enough. It's not enough. $200 billion barely gets them a few gigawatts. And that is the bottom line math. If Anthropic IPO going to go through and survive an eventual correction, I think it's much better for them to have $200 to $250 billion today than to try to ring the bell at $1.9 or $2…
David Sacks
are you saying they should raise, Jamath?
Speaker names from our own diarization · position estimated from where the line sits in the episode
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