OpenAI's GPT-5 Flop, AI's Unlimited Market, China's Big Advantage, Rise in Socialism, Housing Crisis

In this episode of the All-In Podcast, Jason Calacanis, David Friedberg, Gavin Baker, Ben Shapiro, and Phil Deutch discuss a range of topics including the underwhelming release of ChatGPT-5 and the broader AI landscape, the existential race for AI dominance with China, and the potential economic and energy implications of AI. The conversation shifts to tariffs, with a debate on their effectiveness and impact on inflation and trade deficits. The panel also touches on the smuggling of NVIDIA GPUs to China and concludes with a discussion on Apple's buyback strategy and lack of innovation, along with summer reading and viewing recommendations.