E171: DOJ sues Apple, AI arms race, Reddit IPO, Realtor settlement & more

This episode primarily discusses the U.S. Department of Justice's antitrust lawsuit against Apple, touching on implications for the tech industry and consumer choices. It also covers the ongoing AI arms race, Reddit's IPO, and the realtor settlement's impact.

1. The DOJ's lawsuit against Apple could signal a broader regulatory crackdown on tech monopolies, potentially reshaping market competition and consumer choices.
2. The AI arms race is intensifying, with tech giants and startups vying for dominance in an increasingly AI-driven industry landscape.
3. Reddit's IPO highlights the growing influence of social media platforms on the stock market and investor behaviors.
4. The realtor settlement may significantly impact the real estate industry, potentially lowering commission costs and altering how real estate transactions are conducted.
5. These developments underscore the dynamic interplay between technology, regulation, and market forces, which could have lasting implications for innovation and consumer experiences.

1: Introduction to the DOJ lawsuit against Apple

Discusses the DOJ's antitrust lawsuit against Apple, focusing on alleged monopolistic practices and their impact on competition and consumer choices.

• Jason Calacanis: "The DOJ's lawsuit against Apple could be a game-changer for the tech industry."

2: The AI arms race

Explores the competitive landscape in the AI sector, with insights into how tech giants and startups are positioning themselves.

• Chamath Palihapitiya: "The AI arms race is heating up, with significant implications for the future of technology."

3: Reddit IPO

Analyzes Reddit's IPO, its potential market impact, and what it says about the valuation of social media platforms.

• David Sacks: "Reddit's IPO is a testament to the growing influence of social media in the stock market."

4: Realtor settlement

Examines the implications of the recent realtor settlement for the real estate industry and commission structures.

• David Friedberg: "This settlement could radically change how real estate commissions are structured, benefiting consumers."

1. Stay Informed: Keep up with regulatory changes affecting the tech industry to anticipate market shifts.
2. Explore AI Investments: Consider investing in AI technologies or startups as the sector continues to grow.
3. Monitor IPOs: Watch for IPOs like Reddit's for investment opportunities and market trends.
4. Understand Real Estate Changes: If you're in the market for real estate, familiarize yourself with new commission structures.
5. Adapt to Tech Trends: Businesses should adapt to emerging tech trends, including AI developments, to stay competitive.

(0:00) Bestie Intros: Don't spoil Dune 2!

(0:55) DOJ drops antitrust suit on Apple

(23:36) Apple reportedly in talks with Google and OpenAI to power AI features on iPhone

(32:17) NAR settlement: how it impacts residential real estate going forward

(44:30) Microsoft's "Shadow Acquihire" of Inflection AI

(48:43) How the besties would deploy $40B in AI as a sovereign wealth fund

(1:01:57) Reddit IPO: is risk-on back?

(1:07:17) Science Corner(s): Universe expansion, first pig kidney transplant in human, Neuralink

Follow the besties:

https://twitter.com/chamath

https://twitter.com/Jason

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://storage.courtlistener.com/recap/gov.uscourts.njd.544402/gov.uscourts.njd.544402.1.0_3.pdf

https://www.justice.gov/opa/pr/justice-department-sues-apple-monopolizing-smartphone-markets

https://www.google.com/finance/quote/AAPL:NASDAQ

https://www.bloomberg.com/news/articles/2024-03-18/apple-in-talks-to-license-google-gemini-for-iphone-ios-18-generative-ai-tools

https://www.macrumors.com/2023/10/11/google-pays-apple-billions-default-search

https://venturebeat.com/ai/apple-releases-mgie-a-revolutionary-ai-model-for-instruction-based-image-editing

https://twitter.com/chamath/status/1769751534940918234

https://nypost.com/2024/02/26/business/google-to-relaunch-woke-gemini-ai-image-tool-in-few-weeks

https://twitter.com/Patworx/status/1760189582870536408

https://www.youtube.com/watch?v=QNv9PRDIhes

https://www.nbcnews.com/business/real-estate/national-association-realtors-settlement-changes-rcna143634

https://www.wsj.com/real-estate/realtors-settlement-change-buy-sell-homes-da45eb23

https://www.bloomberg.com/news/articles/2024-03-19/inflection-ai-plans-pivot-after-most-employees-go-to-microsoft

https://www.bloomberg.com/news/articles/2024-03-19/microsoft-hires-deepmind-co-founder-suleyman-to-run-consumer-ai

https://inflection.ai/inflection-ai-announces-1-3-billion-of-funding

https://www.nytimes.com/2024/03/19/business/saudi-arabia-investment-artificial-intelligence.html

https://www.cnbc.com/2024/03/21/reddit-ipo-rddt-starts-trading-on-nyse.html

https://www.wsj.com/economy/central-banking/fed-officials-still-see-three-cuts-this-year-0b039532

https://www.wsj.com/real-estate/commercial/americas-office-fire-sale-has-barely-begun-0c8d376f

https://www.foxweather.com/earth-space/nasa-webb-telescope-hubble-observations-universe-expansion-rate-question

https://www.massgeneral.org/news/press-release/worlds-first-genetically-edited-pig-kidney-transplant-into-living-recipient

https://twitter.com/neuralink/status/1770563939413496146

People

• Jason Calacanis, Chamath Palihapitiya, David Sacks, David Friedberg

Companies

• Apple, Google, Reddit