10 of The Wildest Hot Takes From the All-In Summit 2026
Molly O'SheaBrad GerstnerNaveen RaoJonathan NemanToby RiceWen SangGeoff WooNick ShirleyJake PaulKent DraperMichael Brandt
- Brad Gerstner reads the week's AI-safety chaos as consensus forming in public, not crisis. After the “10% chance of an extinction event” claims and Dario’s independent-monitor essay, Elon backed independent peer review, Jensen said the labs themselves need to get it under control, and the president called in mid-panel. “The sausage-making’s kind of ugly,” but the destination is a “pragmatic, commonsensical middle way”: company-led safety plus some form of peer review, with Elon floating that China might join open-source review.
- Naveen Rao says Unconventional AI will disclose “real results on real hardware”: nanojoules per image generated, thousands to tens of thousands of times more efficient than existing chips. With AI set to “run out of energy in the next three years,” brain-derived efficiency first keeps scaling alive, then drastically disrupts the price of intelligence, putting it in everything down to “your toaster.”
- Rao’s second call: in 20 years software carries “very little value.” He sees value capture converging into energy → hardware → intelligence; the SaaSpocalypse is “absolutely real” because AI dissolves the interface layer; hardware and energy are clearly high gross margin, while neocloud gross margins are “TBD.”
- Toby Rice, founder and CEO of EQT Energy, sees a 20–40% increase in U.S. natural-gas demand on a roughly 110 BCF/day market. AI is only about 40% of the power-generation pull — more than 174 gigawatts of reliable generation, mostly coal and nuclear, must be backfilled — plus another 10–20 BCF/day of LNG exports. His warning: 80% of the public opposes data centers (“ICE is more popular than data centers”), and the anti-energy playbook is now being used against AI infrastructure.
- Wen Sang of Genspark argues capability isn’t the bottleneck — access is — so “we won’t slow down.” Echoing Jensen’s point that “AGIs are out of here” but not everywhere, he says coding-agent power users are in the “single millions,” $20 agentic-AI users in the tens of millions, and free-chat users in the hundreds of millions; the vast majority of one billion-plus knowledge workers haven’t touched AI. His fix is an “FSD vehicle” instead of a Formula One car, with safety handled through agent telemetry and auditing — “more controls in place, but it’s not about slowing down.”
- Geoff Woo of Anti-Fund doesn’t believe humans have free will, doesn’t think GPT-7 or GPT-8 will be conscious, and offers two responses to the singularity: looksmax/vibesmax or burn “as many tokens as possible” while they’re subsidized. IQ is offloadable to compute, game theory makes acceleration “de facto,” and he says AI has solved Navier–Stokes; with rumors around Hodge, he thinks biology may be computable and that humanity has a chance to live forever — while France and Italy become “Disneyland for rich Americans and rich Chinese people.”
- Kent Draper of AIRIN says execution is the differentiator — and 2026 capacity is already sold out. As a vertically integrated neocloud owning its data centers, AIRIN just handed over the first phase of its large Microsoft deal; demand “far exceeds supply,” supply is getting harder, and the imbalance will only “exacerbate.”
- Michael Brandt says the human body is the next major platform for innovation. He frames the body as an API with improving “read” and “write” capabilities, using Ketone-IQ as his “super fuel” example; optimization is splitting into different goals such as looksmaxing, neuromaxing, endurance, and longevity.
- The contrarian grab-bag: Sweetgreen’s Jonathan Neman insists “AI’s not going to kill us, but ultra-processed food will” — this summer’s Cyclospora scare involved one farm/supplier serving iceberg lettuce to Taco Bell, which he says was used to scare people away from fresh food; Nick Shirley wants California’s high-speed rail killed ($15 billion spent, zero track laid, $200 billion-plus projected); Jake Paul wants the Constitution amended so citizens can bear “more advanced weapons systems” against an autonomous-robot-armed government.
1. Gerstner: the safety fight is “open-sourcing in real time how consensus forms”
- Gerstner’s framing of a chaotic week: Friday brought people claiming “a 10% chance of an extinction event” from AI, which he criticized; Saturday brought the Dario essay proposing independent monitors; then on stage Elon said, “I tend to agree with Dario,” and called for independent peer review; Jensen countered that “the labs themselves need to control it”; and the president called in while Jensen sat on the couch. “Everybody thinks there’s chaos. I don’t think it’s chaos.”
- The synthesis he draws: more power and more risk than assumed, responsibility starting with the companies, probably some peer-review layer — and Elon suggesting China “maybe” participates in open-source peer review.
- His meta-point on discourse: podcasting and X push everyone to “join a tribe,” but the answer here, as with Trump accounts, is “a pragmatic, commonsensical middle way” — “the sausage-making’s kind of ugly.”
2. Rao: nanojoule chips, and doomerism as “coordinated vibes”
- Rao previews Unconventional AI’s public disclosures: “real results on real hardware” at “nanojoules per image generated” — “thousands or even tens of thousands of times more efficient than existing computer chips.” The premise: computers were always built to go faster, never for power efficiency, because it did not matter; now compute is power-constrained globally, and “we’re gonna run out of energy in the next three years or so for scaling AI.” Efficiency extends scaling first, then drastically disrupts the price of intelligence.
- His anti-doomer case: no credible evidence “other than vibes right now” — “it’s literally Hollywood. Go watch Transcendence.” He questions whether the warnings are financially motivated: “If you’re really that worried, stop working on it. Don’t go IPO.”
- The rogue-AI rhetoric about “models copying themselves” is, he says, “a complete fabrication”: they do not do that and need infrastructure — “tons of hardware” — to run. Satya’s bug analogy gets his endorsement: fix the bug, add the guardrails needed, and keep building. He says there is still work to do, including preventing bots from pushing people toward suicidal tendencies.
- His second hot take: he thinks value capture will converge to energy → hardware → intelligence, and “in 20 years there will be very little value to software.” The AI becomes the interface, dissolving the software layer the way a good human hire needs only “please go do this thing.” Neoclouds sit inside hardware delivery with real money flowing through, but “the gross margins are kind of TBD. I just don’t know.”
3. Toby Rice: a 20–40% gas-demand wave — and data centers polling below ICE
- The demand math from Rice, founder and CEO of EQT Energy: a 20% increase in gas demand from power generation, of which AI is only about 40% — the rest is backfilling “over 174 gigawatts of reliable power generation, mostly coal and nuclear” that was shut down — plus another 10–20 BCF/day of LNG exports on a roughly 110 BCF/day market. He sees a 20–40% increase in natural-gas demand, anchored in the Marcellus, “the biggest gas field in the world... not in Texas.”
- The abundance argument: “three billion people in this world live on less electricity than it takes to run a fridge.” His prescription is to triple all forms of energy — solar, wind, gas, and nuclear — which he claims would increase global GDP five times over while lifting billions from poverty.
- The risk he flags: political force overriding market forces already pushed American energy bills up over 40%, and now “80% of the public saying they don’t support data centers. ICE is more popular than data centers.” The same techniques used to shut down energy development “are now being used to shut down intelligence.” His counter: “We’re not just playing for data centers. We’re playing for abundance.”
4. Wen Sang: the gap is access, not capability — “not about slowing down”
- Genspark’s read on the moment, echoing Jensen’s point that “AGIs are out of here” but not everywhere: heavy users who can maneuver coding agents number in the “single millions,” $20 agentic-AI users in the tens of millions, and people using free chats in the hundreds of millions. “The vast majority of the world has not touched AI just yet... not because it’s not there. It’s because it’s hard to maneuver.”
- His self-deprecating proof: an MIT-trained mechanical-engineering Ph.D. who admits, “I don’t even know how to draw the full power out of Phi-305 with my bare hands,” while Copilot Cowork can ask users to download “10 things from GitHub.” Genspark’s answer: “We build an FSD vehicle. You just tell us your destination” — “a fleet of Goldman Sachs analysts in your pocket” so “everybody can work like Jensen Huang.”
- On safety, the same accelerationist posture: Genspark was one of the very initial members of NVIDIA’s Open Secure AI Alliance and is contributing to mapping and auditing agentic behaviors. “It’s about putting more controls in place, but it’s not about slowing down.” Access itself reduces fear: “Don’t leave anyone behind.”
5. Woo: no free will, subsidized tokens, and a “singularity midlife crisis”
- Woo opens, “I don’t believe in free will. I don’t know what consciousness is.” He says the neocortex is “just explaining a story of why you’re making decisions”; he doesn’t think GPT-7, GPT-8, or future models will ever have consciousness, and “I don’t think you need to be conscious to be smart.” His hedge on his own nihilism: not believing in free will can spiral toward nihilism and hedonism, “but we should pretend that we can mold our destiny.”
- The practical corollary: “either looksmax and vibesmax, or all you do is spend a bunch of tokens before the singularity takes us out” — burn subsidized tokens from OpenAI, Cognition, and others “while money is still meaningful and status is meaningful,” because IQ points are already “offloadable to compute.”
- His longevity take, as stated: AI can solve Millennium Prize Problems; he says it solved Navier–Stokes, with “rumors that it solved the Hodge conjecture.” That leads him to think biology is a computable problem and may become tractable, giving humanity “a chance to actually live forever.” On Molly’s pushback that nobody in Italy or France is talking about AI, he says, “France and Italy are gonna be Disneyland for rich Americans and rich Chinese people. It already is.”
- Why acceleration wins regardless: even if all Americans banned it, “there’s other jurisdictions”; his game-theory conclusion is, de facto, “accelerate.” “Let’s not be reckless about it, but how do we anticipate and take advantage of that momentum?”
6. The populist takes: amend the Constitution, kill the train
- Jake Paul says the Constitution needs an amended, updated version — “written in 1781, I believe” — because modern weapon systems change the balance. He interprets the Second Amendment as protecting citizens if the government controls them in harmful ways, but says “a pistol or a shotgun is not going to be able to overthrow” a government armed with autonomous robots. Citizens might need drones, EMPs, RPGs, or “potential anti-helicopter” weapons; otherwise “the Second Amendment is just a hobby.”
- Nick Shirley’s “not even a hot take”: California has spent over $15 billion on high-speed rail without laying a single track, with completion projected above $200 billion, while China built one in 2008 and has since built over 30,000 miles connecting the country. He says more than $500 million went to contractors who could not work because California had not cleared the way.
- His additional receipts: Newsom said the fraud Shirley exposed was not real; hours later, 12 people in his San Diego video were charged in connection with $10 million in fraud. Shirley also says more than 30 fraud-related bills followed his Minnesota video.
7. Operators’ corner: AIRIN sold out, the “lettuce psyop,” the body as platform
- Draper’s take is execution as the differentiator: AIRIN is a vertically integrated neocloud that owns its data centers for control over “time to first token,” just handed over the first phase of its large Microsoft deal, and has sold out its 2026 capacity. Demand “still far exceeds supply... and the supply side is actually getting harder, so you’re only gonna see that position exacerbate.”
- Neman’s counter-doomer take: “AI’s not gonna kill us, but ultra-processed food will.” Cyclospora was, in his framing, something that happens every summer; one farm from one supplier serving iceberg lettuce to Taco Bell was unsafe while “99.999% of places you were eating lettuce were safe.” He says the scare pushed people toward ultra-processed food “which we know will kill you.” Sweetgreen is funding a 30-day, lunch-and-dinner challenge after a customer’s version went viral.
- Brandt’s Ketone-IQ thesis: “the human body is the next major platform for innovation,” and “your body is the most advanced piece of technology that you own.” “If you think about the human body as an API, we’re getting really good at the read, and we’re also developing new capabilities on the write.” Optimization is bifurcating away from one “human.jpeg” ideal into looksmaxing, neuromaxing, endurance, and longevity paths that “might be at odds with one another.”
Full transcript
All right, we have a live one. Brad is a very special celebrity because people come up to him because of how much he's impacted their lives.
Yeah, yeah.
I have to ask: We had some incredible programming here. Jensen.
Yes.
We had Elon chime in, and we had Gwen.
Yes.
What is your hottest take from the All-In Summit this year?
1. AI Safety Finds Middle Ground
Obviously, we had a lot of controversy at the end of last week. I was quite critical of it on Friday, with people coming out and saying there's a 10% chance of an extinction event from AI. Then we had the Dario essay, which I thought was a good path forward around independent monitors on Saturday. There was a lot of controversy about how much that meant slowing down.
We had Elon come here and say, "Listen, I tend to agree with Dario. The risk is augmenting, and we need to have peer review, independent peer review." I thought that was a great idea. Jensen said, "Listen, the labs themselves need to control it. They need to do a better job. They need to get this under control." We had the president calling in while Jensen was on the couch and chiming in.
So everybody thinks there's chaos. I don't think it's chaos. I think what we're doing is open-sourcing in real time how consensus forms. The sausage-making is kind of ugly.
Yeah.
But if you really just think about everything we heard, it's boiling down to a pragmatic consensus that, yes, there's more power and more risk than we may have thought, so we need to act responsibly. It needs to start with the companies themselves, but we probably do need some sort of peer review. We do need to talk to China about whether or not they're willing to participate. Elon said yesterday maybe they'll participate in open-source peer review on this.
So those are important conversations and important things to explore. I think sometime in the business of podcasting or X, everybody wants you to join a tribe.
Yeah.
You have to be all on this side or all on that side, but the constructive solution around Trump accounts and the constructive solution here is going to be a pragmatic, commonsensical middle way, and I think you saw that unfold here. It's incredible, and I just want to say hats off to four of my besties—
Yeah.
—who put this together. I mean, it's far more than a podcast. It's a community that I think is advancing important conversations. You're a part of that.
Mm-hmm.
But to watch that unfold in real time on stage and to move the conversation forward is something I'm proud to be a part of.
I don't think anybody who came here will forget that moment.
Yeah. Yeah, it's extraordinary.
Seeing history unfold in front of our eyes.
Yeah. Well, congratulations to you—
Thank you.
—on all the success.
Thank you so much, Brad. Really appreciate the time. We are here at the All-In Summit with the one and only Naveen Rao, founder and CEO of Unconventional AI. Naveen, welcome.
Thanks. I'm happy to be here.
So you're taking center stage later on. What are you going to be talking about?
2. Ultra Efficient AI Chips
I'm going to be talking about Unconventional. We've made a ton of progress, and we're actually going to be making some public disclosures to the world about real results on real hardware.
Ooh. What are they?
To put it really succinctly, we're actually able to demonstrate many orders of magnitude of efficiency. I'm not going to talk about all of it right now, but we're talking about nanojoules per image generated. This is something that no one has ever really been focused on, and when you compare it to existing paradigms, we're thousands or even tens of thousands of times more efficient than existing computer chips.
And so what will be the macro impact of a more efficient chip?
Initially, I think it'll enable us to continue scaling. We're going to run out of energy in the next 3 years or so for scaling AI, so immediately we'll be able to continue scaling. Then after that, you'll start to see these drastic disruptions in price. That's a good thing. Bringing the price of intelligence down will make its applicability go through the roof. We'll be able to apply it to your toaster, to everything, because now it's economically viable to do so.
So there's a lot of hot topics floating around the ether right now, if you haven't seen, but I'm really curious about your take. What is your hottest take right now?
I think I'm the opposite of a doomer. I think AI is the next level of evolution of our species and takes us to places that we simply couldn't go in terms of knowledge and development of technology. For me, I think it's actually kind of silly. These scenarios have not really been proven out in any way that it's going to end humanity. I don't think we have any credible evidence other than vibes right now.
So that's probably my biggest hot take: Show me a scenario—
Coordinated vibes.
—of coordinated vibes. It's literally Hollywood. I posted on X about this, but go watch Transcendence. It's literally the same thing that everybody's talking about right now.
To me, this is actually kind of silly, and it feels like it's financially motivated. The simple thing to me is, if everybody is so concerned about this, stop working on it. Don't go IPO. Don't make a lot of money for your investors. If you're really that worried, why don't you do that?
Yeah.
That's not happening.
Mm-hmm.
So to me, it's very hard to disambiguate whether there is financial gain to be had here.
It was interesting. I know you were in the audience for this too, but Satya Nadella took the stage, and he was comparing this to when they would have bugs at Microsoft.
Right.
And what would you do when you encounter a bug?
Well, you fix it, right? I think he was very practical in those statements: You have a bug, you fix it, and you move on. You keep building the technology. You make it safe. You put in the guardrails you think you need.
I think there has been a ton of work on this. Frankly, the reason ChatGPT could even happen was because we were able to make it not go to bad places every time you chatted with it. We have done a lot of work there, and I'm not saying there isn't work to be done. Of course there is.
We want to make bots that don't take people toward suicidal tendencies and things like this. Of course we want that. I'm not suggesting that there are no problems here. But the reality is, show me a scenario where it goes rogue and takes over. None of that is true.
The rhetoric we're hearing right now about models copying themselves is a complete fabrication. They don't do any of that. They need infrastructure. They need tons of hardware to even run. So to me, this is just fearmongering.
Fear-mongering. Also, I've heard that the biggest concern in how people think they're going to die is by humanoid robots.
Right, which don't actually exist. Maybe they will exist at some point, sure, but—
It can't even run in the United States.
That's right. I don't know if you saw the Olympics for the robots, right? They can run in a straight line, maybe, and then crash into something. So it's going to be a while before we have that, and I think we're going to be developing those safeguards and the moralistic values that robots need to take on to be deployed at scale. But we're going to get there. I just don't see a scenario where we don't develop these things.
All right. So as we close out, for people who don't know what Unconventional is, what is Unconventional? How did you get here?
We're rethinking how a computer actually works from the ground up. A lot of it's based on concepts that we've uncovered from the brain as to why it's so power-efficient, and we want to apply those into an engineered system.
The reason that this really hasn't been done is that computers have always been built to go faster—always faster and faster than the alternative—and we never really cared about power efficiency because it didn't matter. Today, we're in a strange place where computing is going to be power-constrained at the global level, so we need to think about this front and center.
Really, that's what we're doing at Unconventional: thinking unconventionally about the problem. Remove assumptions that you've had for many, many years, start to think about the problem differently, and build something much more power-efficient—thousands of times more power-efficient.
All right, we have a second hot take here with Naveen. Naveen, what is your second hot take?
I think we're converging on some interesting big blocks of value capture. Energy is where it all starts, then energy is converted to intelligence with hardware. So: energy to hardware to intelligence.
I think in 20 years there will be very little value to software. Even though it's created so much value in the preceding 50 years, I think at that point it'll basically be a de minimis part of it. So every company that's selling software as a value-add will have to pivot to something where it's really about delivering intelligence in an efficient way.
So the SaaSpocalypse is back?
I think it’s absolutely real. We’re seeing it today, but it’s more of a perception. I think it’s really going to happen later because the user interface starts to become AI. It just becomes an intelligence thing.
You think about a human: you get a human who’s very good at a particular task, and they can add value to a company. They don’t have a software layer on top. The software layer is, “Hey, can we please go do this thing?” Or, “Go build this product,” or whatever. So it’s very high-level instructions, and it basically dissolves that kind of interface layer.
Molly O’Shea
What happens to all the neoclouds?
Well, the neoclouds are part of that hardware delivery, I think. They’re converting energy to hardware and are sort of the facilitator of that, in some sense, so I think there is going to be value there. There’ll be a lot of money that runs through it, for sure. The gross margins are TBD, I would say. I just don’t know. But hardware is clearly going to have high gross margins, and so is energy.
Molly O’Shea
Awesome. Cool. Thank you.
Thank you.
Molly O’Shea
Cool. Easy. All right, we’re here with Jonathan Neman, co-founder and CEO of Sweetgreen. Welcome to Sourcery. We’re here at All-In.
It’s great to be here.
Molly O’Shea
Well, right before we started filming, literally everyone in this room ran out, and we just found out why.
We got the legend, Jensen, here with the—
Molly O’Shea
Jensen Huang. He’s going to give us a good take on lettuce—
—with a very special leather jacket he’s got on today.
Molly O’Shea
I don’t think it’s vegan.
Okay, people think AI is controversial. We’ve got some controversy in the food industry, specifically with lettuce. So what’s going on with the lettuce?
3. Processed Food Beats AI
All right. My hot take is that AI’s not going to kill us, but processed food will. If you followed the news this summer, you saw a lot of news about a parasite called Cyclospora, which is a real thing, so I don’t want to discount the reality of it. However, I think that was blown a little bit out of proportion, and what we did is we took something that happens every single summer, for as long as we know, and used it as a way to scare people away from eating fresh and real foods and move them toward ultra-processed food, which we know will kill you. And so, again, my hot take is that AI won’t kill you, but ultra-processed foods will.
Molly O’Shea
We’ve got a lettuce psyop going on. So we can eat lettuce?
The good news is that as of last week, it’s been declared that Cyclospora is over.
Molly O’Shea
Oh.
It’s officially safe, but even more so, Sweetgreen was safe the whole time, and 99.999% of places where you were eating lettuce were safe. There was one farm from one supplier that was serving iceberg lettuce to Taco Bell that was unsafe, and unfortunately, they scared a whole industry—the whole country—from eating not just lettuce but blueberries and any kind of food.
I think that was irresponsible because the reality is, yes, we should have avoided that one supplier. Maybe don’t go eat iceberg lettuce from Taco Bell. I don’t know why you’re eating Taco Bell anyway. You’re going to get diarrhea.
But Sweetgreen—we know our farmers. We source responsibly. That’s what the whole company was built on, and so lettuce is safe. One last thing: Sweetgreen lettuce is only a small percentage of what we sell. We serve a lot of hot and protein-forward food as well.
Molly O’Shea
What’s your favorite meal at Sweetgreen?
My favorite meal at Sweetgreen is probably the miso salmon plate or the classic chicken Caesar wrap.
Molly O’Shea
What’s a secret about Sweetgreen we should all know when we’re ordering?
Get two dressings—two different dressings—and mix them up. It kind of unlocks flavors in crazy ways.
Molly O’Shea
Really?
Yeah. You mix, for example, the green goddess with the miso, and you get these amazing flavor bombs.
Molly O’Shea
For those who have not visited every location, what’s your favorite location?
Ooh, my favorite location. You’re asking me to pick from some of my children.
Molly O’Shea
Okay.
It’s hard to do. There are ones that always have a special place in my heart because of when we opened them, like our first store ever in Georgetown, our first store in New York at the NoMad, and our first store here on West Third Street. So those are the ones that mean a lot to me.
Molly O’Shea
There’s nothing like a daily Sweetgreen addiction. I know everyone in New York can definitely attest to that.
We did just launch a 30-day challenge.
Really?
I don't know if anyone saw. So we had a customer that decided he was going to create a 30-day challenge for himself and only eat Sweetgreen for a month, lunch and dinner. He tracked how it made him feel and what it did to his life, and the results were phenomenal. If you haven't seen the video, you can see it on my X account. It went super viral. People loved it, and so we launched a 30-day challenge that we're now doing, so we're announcing it this week. We have 30 people who have signed up. We have hundreds and hundreds of applications.
Oh my God.
And so if you want to join, we would love to have you. But the challenge is 30 days of Sweetgreen. We fund it, and you tell us how it makes you live your best life and how it makes you feel.
Was that person Brian Johnson?
It was not Brian Johnson, but he is a friend and a customer.
Amazing. Well, Jonathan, thank you so much. This was so much fun.
Thank you, Molly.
Molly O’Shea
Cool. Hey, y’all. Welcome to Sourcery. We’re here with Toby Rice, founder and CEO of EQT Energy, America’s champion energy producer—
Of natural gas.
Molly O’Shea
Of natural gas.
You don’t have to do the Texas drawl because I actually grew up in Massachusetts.
Molly O’Shea
Oh, okay.
I’m from Boston. I don’t know if you noticed, but from where we’re at today, there are 38 states in this country that produce oil and gas. Massachusetts is not one of them.
But I will tell you this: the biggest gas field in the world is not in Texas. It’s in Pennsylvania, West Virginia, and Ohio—the Marcellus Shale—and that’s where EQT operates.
Molly O’Shea
So we’re going to Pittsburgh.
That’s it.
Molly O’Shea
Okay. We’re going to Pittsburgh. All right, Toby, what is your hottest take?
4. Natural Gas Powers AI
My hottest take right now is that there is a tremendous energy demand for natural gas in this country, thanks to the AI revolution that’s taking place and the massive amount of power generation that’s needed to fuel it. It’s going to be powered by natural gas.
We see a 20% increase in natural gas demand to fuel this power generation. The important thing for people to understand is that power-generation needs are not just based on the needs for AI. We think that’s only about 40% of this demand.
The other part of it is getting back to keeping Americans’ energy bills low, powering manufacturing, and people need to step back and realize that we’ve shut down over 174 gigawatts of reliable power generation, mostly coal and nuclear. That is a massive hole that we need to backfill with reliable, affordable energy.
Natural gas is going to pick that up and also meet the AI needs. The other dynamic taking place in this country right now—we see it with what’s happening in the Middle East—is that global energy security is crippled, and you’re seeing this play out with what’s happening in Iran.
Global energy security is national security. Every country is affected by geopolitical impacts. It highlights the second big driver for natural gas demand in this country, and that’s providing energy security to the world. We express that through U.S. LNG, liquefied natural gas.
We went from producing hardly any natural gas in 2016 to now being the world’s largest LNG exporter as a country, something to be very proud of. Going forward, we see natural gas demand for exports increasing another 10 to 20 BCF a day.
You step back and look at a market that’s around 110 BCF a day, and we see a 20% to 40% increase in natural gas demand. It’s a lot of energy, but people need to understand that we’ve got the resource in this country to make it happen, and companies like EQT are going to make sure America gets all the energy they need so they can run full throttle.
Molly O’Shea
Damn. Well, okay. What is the biggest misconception in energy?
I’d say there are a couple of things, and we’re seeing this play out right now in AI. Actually, one of the biggest challenges we’re seeing with AI—and this has been a big focus of this conversation—is the pushback on artificial intelligence and the pushback on data centers.
We’re in a world right now where the good news is that everybody’s talking about artificial intelligence. Everybody’s talking about energy. That’s the good news. The problem is that the conversation starts with fear, and people are concerned about what they’re going to lose. People need to be concerned with what we can create.
With abundant energy coupled with intelligence, we have the opportunity to create abundance. One thing that people don’t understand—people do not understand how much energy is needed in this world.
It’s a big thing to get your head wrapped around. But understand this: 3 billion people in this world live on less electricity than it takes to run a fridge. Think about that.
Molly O’Shea
Really?
Billions in this world are living in poverty, and when we look at the ways that we can help eliminate poverty, giving people access to energy is one of the fastest, most efficient ways to lift people up. When people get more energy, the quality of life improves, and they live longer. The more energy people have, the wealthier they get, and this is the opportunity we have for the world.
In a world where people are saying we need to constrict and restrain our energy production and consumption, we actually need to be expanding that. To give the billions in this world, in addition to providing energy security for the developed world, we would need to triple the amount of energy that’s produced and consumed in this world. All forms. Triple it.
Solar, wind, natural gas, nuclear—we need to triple all forms of energy. If we can do that, the amount of wealth that we’re going to create—we’re going to increase our global GDP 5 times over, in addition to lifting billions out of poverty and the moral benefits we get from doing that. So whether you care about energy, business, or making the world a better place, you should care about energy.
Molly O’Shea
Double damn.
Yeah. Where’s that Texas damn?
Molly O’Shea
Damn.
There we go.
Molly O’Shea
What else you got?
Oh, I mean, listen, that’s a pretty big one. But this is one of the reasons why we’re here, because what we’ve seen in the political debate with industry—the oil and gas industry, really—and the ESG movement that swept through this country, really starting in 2018 up until this new administration took over, was a very dark cloud that made it very difficult for market forces to get the cheapest, most reliable, cleanest energy to the marketplace. That’s had some very negative impacts.
Americans’ energy bills are up over 40% because of what happened when political force overrides market forces. Unfortunately, what we’re seeing happen with AI and the pushback that’s taking place—and this pushback is real, I mean, 80% of the public says that they don’t support data centers. I mean, ICE is more popular in this country—the immigration agency, ICE—is more popular than data centers right now.
We’re seeing a lot of the techniques that were used to help shut down energy development in this country now being used to shut down intelligence, and it’s something that we’re very concerned about. But I’m optimistic because with all that force that was put on the energy industry, we were able to get through that. We were able to get through it, and now we are the world’s largest energy producer.
America has gone from being energy-dependent to an energy powerhouse on the world stage. We produce more energy and natural gas than any other country in the world. We’ve got some amazing customers like EQT. If we were a country, we’d be the 12th-largest natural gas-producing country in the world.
So we can persevere, but we really have to start talking about the pros that we have. One of the biggest opportunities that I see that people aren’t talking about—and this is why we have to get it right—is that if we can bring energy into this world coupled with artificial intelligence, that is the recipe so that we can create abundance. Abundance for Americans, abundance for allies, abundance for the billions that are living impoverished lives. That’s why it’s so important we get it right.
And how does artificial intelligence help create that abundance? Energy is not going to be the only thing that helps make people’s lives better. We need to make sure that energy translates to wealth and intelligence in the form of education, technology, adoption, running businesses, and creating smart policies. These are all the things where intelligence is going to help make sure we have a very high correlation and a very successful translation.
We’re not just playing for data centers. We’re playing for abundance in the world. This is a much bigger playing field, and this is one of the most exciting times to be a part of this debate. We’re excited in our role to lead a business as important as EQT and help make sure great things happen through the application of industry.
Okay. Toby Rice for president. Thank you very much, Toby. This is awesome.
Thank you, Molly.
We are here with Wen from Genspark AI. Wen, welcome to the All-In Summit.
Thank you. Thank you, Molly, for having me.
So for people who don’t know what Genspark is, what is it?
Genspark is a Palo Alto-based technology company. We build AI agents for knowledge workers—the 1 billion-plus global knowledge workers. In the past, we human beings had to do so much grunt work to get the real work done. We had to craft every document word by word, presentations pixel by pixel.
With Genspark, you no longer have to do that. You command your Genspark super agents, and they run around and get the busy work done for you. You focus on being strategic and creative so everybody can work like Jensen Huang, right? He says, “I love working.” That’s because he doesn’t have to do the grunt work. The same goes for Jamie Dimon. He has a fleet of associates running around to do the work for him.
So, yeah, that’s what we do. We put a fleet of Goldman Sachs analysts in your pocket so you can be strategic and creative.
Genspark: work like Jensen.
Yes.
Okay. So what is your hottest take right now?
5. AI Reaches The Masses
My hottest take, based on this morning, is: we won’t slow down. Our view at Genspark is this: to Jensen’s point over the weekend on X, AGIs are out of here. But it’s not everywhere, not only because it’s domain-focused in certain areas, so you see glimpses of hope that, oh, wow, it’s so good, but also because, if you look at today’s world, the vast majority of people have not touched AI.
Yeah.
The heavy users are the people who can maneuver the coding agents. That’s in the single millions. People who are paying $20 to use agentic AI are in the order of magnitude of tens of millions. People who have free chats are in the order of magnitude of hundreds of millions.
The vast majority of the world has not touched AI just yet. Why? It’s not because it’s not there. It’s because it’s hard to maneuver. I’m a mechanical engineer by training from MIT. I got my PhD from MIT. I don’t know how to code. It’s been years, not decades—I’m not that old.
But the thing is, I don’t even know how to draw the full power out of Phi-305 with my bare hands. I don’t know. So imagine for the 1 billion-plus global knowledge workers: if you don’t code, it’s like if you use Copilot Cowork and ask Cowork to build a presentation for you, it asks you to download 10 things from GitHub. I don’t even know what those 10 things are.
So we build a product that is so easy to use that you don’t feel like you need to drive a Formula 1 racing car to get the full power out of those intelligent engines. We build an FSD vehicle. You just tell us your destination. You don’t even need to touch the steering wheel. We get you to the destination. It should be as easy as using Google.
That is the bridge we’re trying to build, and that is the gap that we believe is currently the biggest problem for AI. If people don’t have easy access to something, they don’t know about it. If they don’t know about it, there’s fear.
Step zero is that you’ve got to create opportunities for real human beings, for normal people, to get access to your tech and benefit from it—to turn tokens into value. Then there’s a lot less fear and a lot more opportunity.
Basically, we don’t want to leave anyone behind. Don’t leave anyone behind. We are in this together. Let’s do this together. That is my hottest take. It’s not about slowing down. It’s not about slowing down.
Safety is absolutely important. When NVIDIA launched the Open Secure AI Alliance, we were one of the very initial members. We’re now contributing to the entire community on how to map out the telemetrics of agentic AI, especially in the productivity world. That’s where we live: being able to trace and audit all the agentic behaviors.
You want to understand what is normal, what is good, and what is bad. That is how you contribute. It’s about putting more controls in place, but it’s not about slowing down.
All right. Speed on up. Thank you so much, Wen.
Thank you. Thank you, Molly.
Anything else?
No, I just love your show, and I appreciate the opportunity. I’m always excited to exchange ideas with you.
Amazing. I love it. Mic-drop moment.
All right.
Thank you.
Thank you.
Okay. All right. We are here at the All-In Summit with Geoff Woo, the one and only from Anti-Fund. Geoff, welcome.
Good to see you. It’s always good to see friends at these events, so it’s good to hang out.
So you’ve been traveling around the world, seeing lots of things, meeting with many founders, probably a little to do with AI and what’s going on. I have to ask you: what is your hot take right now?
6. Humans Have No Free Will
I don’t believe in free will. I don’t know what consciousness is.
So I think some people will say, “Hey, are GPT-7 and GPT-8 going to be conscious?” I don’t even think humans are conscious. What I mean by that is, I think our instincts to want to do things are programmed by our genetics, and then you have some nurture in your environment to start off your starting parameters. I think you’re on autopilot on your inputs, and then your neural nets are relatively set. I think our neocortex is just explaining a story of why you’re making decisions. So I think we’re just observers of a story that is predetermined for us.
So I think it’s like, are we making consciousness in AI? I don’t think that GPT-7, GPT-8, or whatever AI models come next will ever have consciousness. I don’t think you need to be conscious to be smart. That’s really shaken what I want to spend time thinking about or valuing, because I think humans pride ourselves on being intelligent. That’s what distinguishes us from animals.
Mm-hmm.
But if we have birthed something that is straight-up smarter than us, what does that mean in terms of free will and consciousness? There’s something I’m still grappling with. I feel like we should all have a singularity midlife crisis. But I think it’s bad to not believe in free will. I think that’s a very negative loop toward nihilism and hedonism, or just a weird spiral. So my hot take is, I don’t think humans have free will, but we should pretend that we can mold our destiny in a better, more positive way.
So what do we do?
I think my other hot take is: either looksmax and vibesmax, or all you do is spend a bunch of tokens before the singularity takes us out. So I think it’s like, be super-autist, super AI-max in the most respectable way, because I think these are subsidized tokens, and the singularity, I believe, is here. It’s not evenly distributed. So take advantage of all these subsidized tokens that OpenAI, Cognition, and all these companies are giving you guys. Spend all your time maximizing, spending, and burning as many tokens as possible to get ahead while money is still meaningful and status is meaningful.
Or just be the coolest, most authentic, vibes-and-looks human. Because I wonder what status games will be played in 5 years. We’re already seeing that IQ points are offloadable to compute. I think very soon physical labor robots will do physical labor. I think humans will always have an urgency or drive to compete on status in some way. So I think a lot about what the new status games are to play.
So I have to push you on that, because as much time as you spend in San Francisco and New York, you also spend time in the mainstream world, at fights with normal humans—
Yeah.
—that are not in Silicon Valley.
Yeah.
So what do you see in those worlds? Do they care about AI? What’s the—
I think that’s something that’s really important to Anti-Fund, and Jake, and Logan. I think people need to better understand what’s happening in the world. One of our values—and I think what you do is great—is how do you translate all the technical, weird matrix multiplications that are happening in a random data center?
Is this going to evaporate all our water? Is green goo coming out of this stuff? I understand it. Half the country is scared of this stuff. I think one way to put it is: we’re all going to die, but we don’t think about death all the time. We try to know that there’s going to be a thread of hope.
I guess another hot take is, I don’t think we’ll die anymore, in the sense that if AI can solve Millennium Prize Problems—it solved Navier–Stokes, and rumors are that it solved the Hodge conjecture—I think biology is a computable problem. So I think biology will be tractable, and therefore, I think we have a chance to actually live forever, which will be interesting and fun. Life is great. I want to experience more cool stuff.
I think every single industrial revolution, whether it’s the Enlightenment or the Industrial Revolution, has a new reset on purpose. I feel like maybe our generation doesn’t have a lot of purpose.
I think it started with COVID, too.
Yeah.
It’s just been a—
Social isolation.
—a systemic cascade of not having a purpose, not being around people. And then throw this onto it, and you have no reason to have a job. You’re not going to have a job. It’s just brutal.
Yeah. So I think we all have a choice. We could either be passive toward our moment in history and just be like, “I’m helpless,” kind of give up, be directionless. Or I think you seize the moment.
I’m going to give you flowers. I see you putting out good content, educating people, connecting all the dots, and I think we need more people out there trying to live a very meaningful, self-actualized life. I think AI is a really useful tool to allow us to do that. We can have fewer people doing more and more things.
And I think we can either say, “Hey, let’s go all doomer.” We could say the same thing of nuclear weapons. I think we went through that crisis in the ’50s and ’60s in the Cold War, and I think it’s a very interesting moment now. It’s like, okay, AI is very powerful, but AI is a tool.
Do you want to be the Luddite who’s scared of the fire, scared of the combustion engine, scared of nuclear fission? To me, it’s inevitable. You’re not going to be able to stop it. Even if all Americans were like, “Hey, let’s ban this,” it doesn’t matter. The world is really big. It’s not an authoritarian dictatorship. We have a democracy, but there are other jurisdictions and other countries that aren’t going to stop.
So to me, it’s like, okay, game theory is, de facto: accelerate. Let’s not be reckless about it, but how do we anticipate and take advantage of that momentum?
Yeah, I mean—
That’s my mindset.
I was just in Italy, and I was just in France. No one’s talking about this. I don’t think it’s going to touch them.
Yeah. But my hot take is that France and Italy are going to be Disneyland for rich Americans and rich Chinese people. It already is.
Yeah.
And I think it’s increasingly going to be: you’ve got your fancy leather products, you have some wine, you go see some beautiful Amalfi coastline, and it’s just like Disneyland. Everyone there is in the hospitality business. There’s no judgment there. It’s a great lifestyle experience.
But I think you get to choose. Do you want to host Disneyland, or do you want to go to Disneyland? And then how do we democratize access so more people can enjoy the abundance that is possible?
Pretty good hot takes there, Geoff Woo.
Boom.
Thank you. Cool. Great job. Okay, we’re here at the All-In Summit with Nick Shirley. Welcome.
Thank you very much. Happy to be here.
So you’re going to be taking the stage today?
Yes, we’re going to be taking the stage and presenting a new video, a premiere. I’ve never premiered a video in front of a live audience, so today will be the first day.
And what is your sweatshirt?
We’re here in the Califrado Republic. We’re here in Los Angeles right now, so we’ve got to let everyone know where we’re at. And today, actually, Newsom said that my fraud wasn’t real, that I exposed. But today, literally just a few hours ago, they charged 12 individuals for $10 million who were in my own video here exposing San Diego.
Really?
Yes.
Okay, so now I have to ask you our real question. What is your hottest take right now?
California should stop building the high-speed rail. It’s not even a hot take. It is just a take with pure common sense. They’ve spent over $15 billion on this train. They haven’t even laid a single track. They haven’t connected a single city. And to finish it, it’s projected to cost more than $200 billion.
China built one in 2008, and they’ve already built over 30,000 miles connecting the whole country of China. We did ours in 2008 as well, and have connected absolutely 0 cities.
So what do they do with all that money? Do you have any idea?
Some contractors are literally—California is literally paying contractors because they cannot work on the high-speed rail. Over $500 million went to these contractors because they literally couldn’t work because California didn’t pave the way for them to work.
So your tax dollars, everyone’s tax dollars, are just going to all these contractors who actually aren’t even working, and then all the wasteful spending. And with the people who are getting the contracts, there’s a lot of shady stuff happening as well.
So where do you—how do you—okay, I have to ask, process-wise, how do you set up what you’re going to expose next?
Yeah, so I rely heavily upon the people of the United States to give me information and tell me about what’s going on inside their communities. Nick Shirley can’t be everywhere, but my social media, my Instagram messages, and my X messages can be everywhere. So I read those a lot. When people are talking about what’s going on inside their community, I’m listening.
I'm pretty much like a congressman from the whole entire United States. As far as I listen to quite literally everyone, whether it be in Alaska, Kensington, Philadelphia, the streets of L.A., you name it.
Yeah. Crazy.
Yeah, it's—I probably don't even realize how dangerous it is, but every day I wake up to somebody saying, "You're gonna be killed next." They'll say, "Nick Shirley, so, so, when will they be killed?"
Wow.
So why do you keep on doing it if it is so dangerous to you?
At the end of the day, this stuff needs to get exposed, because if it doesn't get exposed, our dollars and our country will actually just continue to fall. And I do feel like right now we are at a point where, for instance, my Minnesota video has been one of the most impactful videos in American history. Over 30 bills relating to fraud were created after that.
So I've personally seen it firsthand, how my journalism can actually affect the country. That's why I do it, because I'm not here just to make a video about a certain subject or topic. I'm here to make a difference.
So how can people support you?
Yeah, the best way is just by following, liking, sharing. People can go buy Califraudia hoodie.
Nice merch.
Go to nickshirley.us, you know. But just the main thing is just watching, supporting, sharing, and caring.
Amazing. Awesome. Well, thank you so much, Nick Shirley.
Perfect. Thank you.
Cool. Okay, we're here at the All-In Summit with the one and only Jake Paul of Anti Fund. Jake, what's your hottest take?
It might not be my hottest take, but it is a hot take. I think we need an amended and updated Constitution. It was written in 1781, I believe, and life is just so much different now.
Especially, I think the Second Amendment was made so that if the government was doing ridiculous things to us and controlling us in harmful ways, the citizens could overthrow them, which is obviously what happened and why people came to the United States initially. They revolted and fought back and became independent.
As weapon systems get more advanced, a pistol or a shotgun is not going to be able to overthrow the government if we, the people, decide that the United States government is taking advantage of us and that we maybe need to be able to bear more advanced weapons systems as citizens.
You're talking drones? What are we talking here?
Drones, EMPs, RPGs, potential anti-helicopter weapons. I don't know what it is, but if the government can just come in with autonomous robots and take us all out, and we are now powerless, essentially the Second Amendment is just a hobby for people to go and shoot guns.
I don't know what it looks like, but I feel like in the very short term, the near future, there are going to be such systems that will make us powerless against our own government. I don't think that is a smart thing, because then, at some point in time, we must be obedient as American citizens.
All right, we're here at the All-In Summit with Kent Draper, the Chief Commercial Officer at AIRIN. Welcome.
Thank you for having me.
All right. So I have to say, we are at the next big thing. This is the largest booth here. This is insane. How did you guys get this set up?
Well, we were part of this last year as well, and it's a fantastic conference with an amazing list of people all throughout the tech space and investors, so it's very relevant to us. We wanted to expand our presence this year.
Well, AIRIN is global. I saw you guys also at the RAISE AI Summit, so you're doing something. I have to ask you now: What is your hottest take?
I think probably the hottest take at the moment, from my perspective, is execution. Building AI infrastructure is hard, and we're in the very early stages of this industry. It's going to take a while for that to come out.
But the companies that can execute will be in a great position in this industry, and we've had a long track record of execution, including most recently handing over the first phase of our large Microsoft deal. We feel as if we're in a very good space from that perspective.
So you're an AI neocloud, but for people who don't have a deeper understanding of what AIRIN is, what is AIRIN?
AIRIN is a vertically integrated neocloud, so a little different from others. We actually own the underlying data center infrastructure. To my point around execution, we think that is important because it gives us better control of our ability to scale over time and better control over our time to first token and delivery. That is our key differentiation relative to others.
Right. Well, there's a lot of concern here around AI and the doomerism around it. So what's your take on that?
Yeah, it's interesting to see. I think the space is so exciting at the moment. If you look at some of the developments in the industry, things like physical AI, for example, are hugely exciting.
One of the reasons we got into this industry is because delivery in the physical world is hard, and we didn't think it could keep up with the digital world. Now the digital world is actually helping with manufacturing, building, and robotics.
I think this industry has a huge future ahead of it. It's going to continue to grow. Even if you stop any further progress in terms of model development, the industry is going to continue to evolve, and the demand for compute is going to continue to accelerate, even just with the existing models we have today. I think the future is still very much ahead of us.
I recently interviewed Andrew Feldman of Cerebras, and the one thing we talked about was that we're still trying to keep up with the demand of today. We're not there yet.
Yeah.
So what are you most looking forward to in the next 12 months?
Absolutely. The demand still far exceeds supply, and it's great for us as a provider, because if we can get compute online, there will be a revenue stream. We're hugely excited about that.
We've already sold out our 2026 capacity. We have a very large, secured pipeline of projects as we move forward here. Demand continues to be a consistent theme in this industry, and the supply side is actually getting harder, so you're only going to see that position exacerbate over time.
Damn.
Okay.
Anything else?
No, I mean, thank you for having me. As you can see, I'm excited about the future, so I'm looking forward to what's to come.
Cool.
Well, it's a pleasure to have you on. I know I keep on seeing AIRIN literally everywhere. You guys have a big following online as well, so you're doing something.
Yeah, no. Thank you. Appreciate the time.
Thank you. All right, cool. All right. We are here at the All-In Summit with Michael Brandt, CEO of Ketone-IQ. Michael, what is your hottest take right now?
7. The Body Becomes A Platform
My hottest take is that the human body is the next major platform for innovation, and that your body is the most advanced piece of technology that you own. We're seeing this proliferation of innovation on and in the human body. We're seeing it all over the place.
You have peptides, GLPs, and wearables. There's a sensor that measures your poop and gives you feedback on your gut microbiome, and I think that's the most underrated of the next platforms. Because we think about AI, defense tech, and all these different verticals, I think the human body is the most exciting platform for innovation, both on the software side—everyone's uploading their blood, sending it to ChatGPT and Anthropic to tell them what's up before they go to their doctor—as well as on the production side, with just a proliferation of new primitives and new inputs.
If you think about the human body as an API, we're getting really good at the read, and we're also developing new capabilities on the write.
So what is your biohacking stack?
At the top of the stack, I started Ketone-IQ. Your body makes ketones naturally. A lot of people may have heard of intermittent fasting or a ketogenic diet, or even if you go on a long run, when you push your body to your limits, you make a lot of ketones, and it's very efficient fuel, especially for your brain.
That was the light-bulb moment for me in starting the business: ketones are this super fuel. Your body makes them. Everyone has ketones in their body. Why can't you go to the store and buy a shot of that super fuel and just feel a nice mental pick-me-up? That's the genesis moment.
That's the top of my stack, the first thing I have in the day. I think there are a lot of things. It depends on your outcome. A lukewarm take I have is that optimization is evolving from what used to be more monolithic, Gattaca-style, where we're all optimizing toward this human.jpeg.
I think what we're seeing now is that there are very different modalities. Some people want to be able to breathe underwater. Other people want to neuromax and be really smart. Someone else wants to dunk a basketball.
Who wants to breathe underwater?
For instance.
What?
You're seeing a bifurcation of different people.
I mean, someone out there, I think it would be cool. People are basically modifying their biology. People want to looksmax.
Yeah.
And will put all of their energy into looksmaxing. Someone else wants to neuromax. Someone else wants to live longer, and those might be at odds with one another. So there isn't this perfect optimization path. For me, I'm a competitive marathon runner. I run 10 miles every day, and I also run a business. So I'm trying to endurance-max, get my VO2 up, and I'm trying to be the best possible CEO, team leader, value creator inside of Ketone-IQ.
So what is the best way to take your daily Ketone-IQ?
Take it first thing in the morning. You can have it with caffeine or instead of caffeine. It stacks with everything else.
If you take it with caffeine, will you just jolt off into outer space?
They work through different mechanisms of action, right? Caffeine is a stimulant. It makes you feel not sleepy. Ketones provide your brain with actual energy that converts into ATP very efficiently. Together, through different mechanisms of action, you're able to be really sharp. Some people have it with caffeine, and some people have it instead of caffeine.
Is there a max limit to how many you can take a day?
We say not to have more than 3.
Okay.
A lot of people like having it later in the day, too, because caffeine has this long half-life. I think a lot of people know that if you have caffeine at 3:00, 4:00, or 5:00 p.m., it'll—
I know this guy has about 3 Celsiuses, maybe 6 a day. We're pointing to Brett.
Everyone has different levels of caffeine sensitivity and tolerance. For a lot of people, it's in your system. It has a half-life to it, and having it later in the day can interfere with your sleep, which then interferes with your performance the next day. A lot of people like Ketone-IQ later in the day. It doesn't interfere with their sleep, but it gives them that mental sharpness for a second wind in the afternoon. And then, yeah, it stacks with caffeine or nicotine or Adderall or whatever else people are taking to neuromax.
Meth.
Meth. I haven't tried that. It may be. A lot of different psychoactive compounds that people are taking to neuromax—ketones will stack well on top of them, because a lot of what people are taking excites brain activity, and then ketones provide the actual caloric energy for your neurons to be able to do more work. So it stacks well with a lot of different compounds.