ICE Chaos in Minneapolis, Clawdbot Takeover, Why the Dollar is Dropping

Welcome Back to the Allin Podcast

Introduction of Hosts

• The podcast opens with a warm welcome back, featuring the original quartet of hosts.

• Schmoth Poly Hotia is noted for wearing a striking winter sweater, prompting humorous commentary about its large buttons.

• David Freriededberg's background is humorously compared to artwork from the Smashing Pumpkins album "Melancholy and Infinite Sadness."

Davos World Forum Impressions

• Discussion shifts to impressions from the recent Davos World Forum (WF), highlighting interesting meetings that cannot be fully disclosed.

• The hosts recount their stay in an old log cabin, noting its low ceilings and cramped conditions as part of their experience at Davos.

Changes in Davos Dynamics

• Observations are made about how this year's event felt distinctly different, focusing on business-centric discussions rather than political ones.

• A significant presence of Americans was noted, attributed largely to President Trump's participation and speech.

Key Moments at Davos

• Larry Fink's orchestration of Trump's attendance aimed to shift focus towards business issues at the forum.

• Howard Lutnik’s impactful speech criticized European leaders for economic failures related to climate policies and open borders.

Audience Reactions and Climate Change Debate

• Lutnik's remarks led to discomfort among attendees, with reports suggesting Al Gore booed during his speech.

• The discussion touches on skepticism surrounding climate change narratives, referencing Bill Gates' acknowledgment that it can be managed rather than being an existential threat.

European Economic Concerns

• Despite ongoing support for climate agendas among Europeans, there is recognition of economic struggles due to these policies.

• The conversation concludes with thoughts on Europe's need for self-reliance in defense and technology amidst shifting global dynamics.

The Impact of Global Partnerships and U.S. Influence

Reactions to U.S. Foreign Policy

• Countries like the EU, China, and Canada are forming partnerships in response to perceived threats from the Trump administration, aiming to assert their sovereignty.

• Despite these efforts, mid-tier powers lack the ability to redefine the international system dominated by great powers.

The Importance of U.S. Presence in Europe

• European nations recognize the critical role of the United States in maintaining stability and are eager to keep NATO intact.

• Historical context shows that Europe's most peaceful period has been post-1945 due to American involvement as a stabilizing force.

Financial Contributions and Negotiations

• There is an expectation for European countries to share defense burdens more equitably, with discussions around increasing NATO spending.

• President Trump's remarks about Greenland highlight his negotiation style—starting with extreme proposals before settling on more reasonable terms.

Controversial Military Operations

• Recent operations like Metro Surge involve federal agents cracking down on illegal immigration in Minnesota, leading to tragic incidents involving fatalities.

• Specific cases include Renee Good and Alex Prey being shot during altercations with federal agents; investigations into these events are ongoing.

Administration's Response and Changes

• The Trump administration acknowledges areas needing improvement within federal agencies involved in immigration enforcement.

• Tom Holman’s appointment signals a shift towards addressing operational issues while maintaining a focus on law enforcement effectiveness.

Tragic Deaths and Immigration Policy: A Discussion

Overview of Recent Tragedies

• The speaker expresses regret over the deaths of several individuals, emphasizing the tragic nature of these events.

• Mentions that many victims are murdered by "criminal illegal aliens," highlighting a narrative that suggests a need for stricter immigration enforcement.

• Cites public support for deporting illegal aliens, with statistics indicating over 55% favor deportation and over 90% want criminal aliens removed.

Current Immigration Enforcement Landscape

• Discusses local cooperation with ICE in most states, contrasting it with Minneapolis's approach of "massive resistance" to federal authorities.

• Describes organized protests against ICE as Antifa-style operations aimed at obstructing federal immigration law enforcement.

• Highlights the dangers faced by ICE agents due to interference from protestors who use tactics like stalking and doxing.

Media Representation and Public Perception

• Critiques media portrayal of protestors as innocent bystanders while asserting they were actively involved in violent confrontations against law enforcement.

• Provides specific examples of aggressive actions taken by protestors, including an incident where one individual struck an officer with a vehicle.

Political Implications and Motivations

• Suggests that local political leaders' decisions contributed to unsafe conditions leading to tragedies, criticizing their failure to maintain order during protests.

• Proposes that political motivations behind resisting federal immigration policies include diverting attention from fraud issues within local governance.

Broader Context of Immigration Politics

• Argues that Democrats resist mass deportations because illegal immigrants bolster their electoral power base, especially in light of census data affecting congressional representation.

• Concludes that current immigration debates are driven more by political strategy than principle, suggesting disregard for public safety in pursuit of power.

Immigration and Public Opinion: A Deep Dive

Majority Sentiment on Immigration

• A significant majority of Americans support the deportation of all immigrants who are in the country illegally, as indicated by various polls: 55% (New York Times), 64% (Marquette), 57% (CBS News), and 56% (ABC News).

• The consensus across multiple pollsters suggests a strong public desire for stricter immigration policies, particularly regarding illegal immigrants.

Democracy and Minority Rights

• The discussion emphasizes that democracy should reflect the will of the majority while also protecting minority rights. The current sentiment indicates a clear preference for shutting down borders and establishing structured paths for dealing with illegal immigration.

• There is concern about how these sentiments could impact political power dynamics, especially for Democrats, highlighting potential second-order effects stemming from immigration policy.

Tragedies and Political Implications

• Recent tragedies related to immigration have sparked public outcry, which may threaten political stability if not addressed properly. This situation underscores the need for effective management of immigration processes.

• The speaker praises President Biden's efforts thus far but stresses the importance of controlling immigration processes to prevent further tragedies.

Voter Dynamics and Immigration Policy

• There's an ongoing debate about whether Democrats might be incentivized to maintain certain immigrant populations due to their influence on census counts and House representation.

• Concerns are raised about using immigration as a strategy to boost voter roles; however, this approach lacks logical consistency given the lengthy process required for immigrants to gain voting rights.

Voter ID Laws and Election Integrity

• Discussion shifts towards voter ID laws, with arguments made in favor of requiring identification for voting. Critics argue that opposing such measures may indicate a desire to facilitate electoral fraud.

• Evidence presented claims that instances of voter fraud are minimal, challenging narratives suggesting widespread cheating could alter election outcomes significantly.

Conclusion on Voting Regulations

• Advocates argue that having voter ID requirements is essential for maintaining election integrity. Comparisons are drawn between needing IDs for everyday activities versus voting.

• The conversation concludes with concerns over illegal aliens being added to social security roles potentially impacting voter registration processes, emphasizing the need for scrutiny in electoral systems.

Census Impact on Electoral Votes and Immigration Enforcement

The Role of Census in Electoral Representation

• The census counts total population, including illegal aliens, which affects the apportionment of House seats and electoral votes. This could have changed the outcome of the last election by providing Trump with nine additional electoral votes.

• A future Republican candidate would not need to break through Democratic strongholds like Pennsylvania, Michigan, and Wisconsin due to these additional electoral votes making it harder for Democrats to win.

• California's representation in Congress could have decreased by four House seats if illegal immigration had been accounted for properly, highlighting how mismanagement leads to population shifts from blue states.

Law Enforcement and Immigration Policy

• Discussion on whether ICE agents should operate in cities raises concerns about violence and strategy; there is a call for accountability in law enforcement actions.

• Emphasis on the importance of federal law enforcement identifying themselves during operations. Body cameras are suggested as a means to ensure accountability.

• There are claims that federal agents were rounding up individuals without probable cause or warrants. The speaker expresses skepticism about these claims but insists that such actions should be legally challenged if true.

Legal Mechanisms for Addressing Law Enforcement Actions

• Proposes filing injunctions through federal courts as a way to address potential overreach by law enforcement rather than taking matters into one's own hands.

• Advocates for peaceful protests and legal changes instead of obstructing law enforcement actions directly, emphasizing respect for the rule of law even when disagreeing with it.

Perspectives on Immigration Reform

• Discusses the legality surrounding immigration status, asserting that those who entered without following proper procedures are technically illegal immigrants under current laws.

• Suggestion that a humane approach is needed for individuals who have contributed positively while being undocumented; proposes pathways to residency or citizenship under certain conditions.

• Highlights an emotional aspect driving public sentiment around immigration issues, suggesting that unresolved tensions may lead to civil unrest if not addressed adequately.

Civil Unrest and Emotional Activation

Understanding the Root Causes of Civil Tension

• The speaker highlights a widespread emotional activation among individuals regarding civil unrest, prompting an inquiry into the underlying reasons for this heightened emotional state.

• Acknowledges that feelings of oppression are prevalent, suggesting that many perceive themselves as being left behind in a rapidly advancing world, which fuels their desire to act against perceived injustices.

• Warns that if these feelings of oppression are not recognized and addressed through compromise, a civil war may become inevitable.

Perspectives on Law Enforcement and Political Leadership

• The speaker expresses strong support for police reform, advocating for de-escalation training and accountability measures such as body cameras while emphasizing the importance of peaceful protests.

• Critiques President Trump's choice of advisors, arguing that some lack experience and competence, which negatively impacts his administration's effectiveness.

• Identifies specific individuals within Trump’s circle who are deemed detrimental to his presidency due to their incompetence and loyalty-based appointments.

Immigration Policy and Public Perception

• Reflecting on past predictions about violence during protests, the speaker emphasizes the need for law enforcement to be properly trained to prevent chaos rather than provoke it.

• Discusses how public perception of chaos contributed to Trump's electoral loss; people desire order over cruelty in immigration policies.

• Argues that addressing the root causes driving immigration—such as economic opportunity—is essential for effective policy solutions.

Discussion on Immigration Policies and Enforcement

Critique of Current Immigration Practices

• The speaker criticizes the hiring of illegal immigrants, suggesting that businesses employing them are often Republican voters who supported Trump. This creates a conflict in enforcing immigration laws.

• Acknowledges the tragic consequences of violence during protests but emphasizes that job opportunities for illegal aliens should be curtailed to reduce their influx into the country.

Compassionate Approach to Long-term Residents

• Advocates for compassion towards long-term undocumented residents who have contributed to society by paying taxes, arguing they deserve a path to legal status.

• The discussion touches on personal experiences with immigration, highlighting that many participants or their families entered the U.S. illegally but did not seek to undermine the system.

Disagreement on Steven Miller's Role

• One participant expresses frustration over another's focus on Steven Miller, asserting that criticism should be based on actions rather than personal attacks.

• The debate continues about whether Miller’s views and actions regarding immigration are justified or compassionate, with one side claiming he has been more accurate about immigration issues than his critics.

Data and Perceptions of Border Control

• A participant defends their previous stance on border control by stating they sought data before forming an opinion, indicating a shift in understanding as new information emerged.

• Highlights differences in how states handle illegal immigrants post-arrest; Minnesota is criticized for not cooperating with ICE compared to other states where deportations occur promptly.

Consequences of Local Policies

• Discusses a specific case involving an illegal alien involved in fatal drunk driving incidents due to local policies preventing cooperation with federal authorities like ICE.

• Argues against characterizing ICE operations as random raids, clarifying that they operate under specific arrest warrants targeting known individuals.

Historical Context of Immigration Enforcement

• Explains why there was less violence related to immigration enforcement during Obama's presidency, attributing it to bipartisan support for deportation policies at that time.

• Suggests that changes within the Democratic Party over 15 years have led to increased tensions and challenges surrounding immigration enforcement practices today.

Dangerous Job: The Risks of Law Enforcement

Threats Faced by Law Enforcement

• Officers are wearing masks due to threats from organized groups who stalk and harass them, blocking their vehicles and interfering with official operations.

• Local authorities in Minnesota are instructed not to cooperate with ICE or Border Patrol, leading to dangerous confrontations during arrests.

Political Rhetoric and Its Consequences

• Politicians like Tim Walz and Jacob Fry prioritize anti-ICE sentiments over public safety, releasing criminals rather than turning them over to immigration authorities.

• Last year, approximately 470 illegal alien convicts were released in Minnesota, highlighting the risks posed by such policies.

Impact of Activist Rhetoric

• Activists label law enforcement as "Gestapo" or "Nazis," inciting anger and violence against officers, which contributes to a hostile environment.

• A specific incident involving Alex Pretty illustrates how emotionally charged rhetoric can lead individuals to act violently against law enforcement.

The Need for Policy Change

• The tragic deaths of activists underscore the chaos created by political leaders; a more cooperative approach with ICE could prevent such incidents.

Addressing Illegal Immigration: Alternative Solutions?

Discussion on Business Accountability

• Questions arise about why fines aren't imposed on business owners hiring illegal immigrants instead of focusing solely on deportation efforts.

Investigative Approaches Suggested

• Proposals include conducting investigations at businesses employing suspected illegal workers, gathering evidence before taking action against employers.

Diverging Opinions on Immigration Policy

• There is disagreement regarding the effectiveness of current immigration policies; some advocate for immediate deportation of repeat offenders while others suggest broader strategies.

Emergence of Open-source Technology: Claudebot

Introduction to Claudebot

• Claudebot is an open-source personal assistant developed by Peter Steinberger that aims to provide functionalities similar to Siri or Jarvis.

User Experiences and Reactions

• Initial user experiences highlight humorous misunderstandings about its capabilities, showcasing both excitement and skepticism among potential users.

Open Source AI Assistant Development

Concerns About Security and Open Source Tools

• The speaker expresses hesitation in using an open-source tool that accesses emails and messages due to security concerns.

• Despite the apprehension, there is a strong desire to explore the capabilities of such tools.

Creating a Virtual Assistant

• The speaker describes setting up a virtual assistant akin to Siri or Jarvis, which operates through a server on personal devices like Mac Mini.

• This assistant can be authenticated with various services including Gmail, Notion, Slack, and WhatsApp.

Building a Virtual Podcast Producer

• A new persona named "producer X" was created as part of the podcast production process for "This Week in AI."

• The assistant conducted guest research by connecting to existing podcast feeds and databases, effectively creating its own CRM system.

Interaction with the Assistant

• The speaker details how they interacted with producer X for guest research tasks, achieving results comparable to human producers quickly.

• Producer X was tasked with sending emails to potential guests and successfully initiated communication.

Developing Replicants and Learning Capabilities

• Five virtual assistants (replicants) were created within the company, each logging their activities and learning from interactions.

• These replicants are designed to solve problems autonomously by building their own tools and systems as they gain more access.

The Future of Personal AI Assistants

Rise of Personal AI Assistants

• The speaker predicts 2023 will see significant growth in personal AI assistants that function beyond traditional chatbots.

• Unlike previous iterations focused on search capabilities, these assistants will perform tasks autonomously as agents.

Market Opportunities for AI Solutions

• There is potential for startups in this space; however, established companies like Google may benefit significantly due to their data access.

AI Personal Assistants and Their Impact

The Role of Cloudbot and Google in AI Integration

• The speaker expresses interest in integrating with Cloudbot, believing it to be safe, especially since they trust Google with their data. They see Google as well-positioned to offer a personal AI assistant linked to G Suite services.

Potential Dominance of AI Personal Assistants

• The speaker predicts that AI personal assistants could become the dominant form of AI technology, surpassing research-oriented chatbots. This shift may significantly alter policy discussions surrounding AI.

Distinction Between AI and Social Media

• There is a concern among policymakers about protecting children from online predators, but the speaker argues that treating AI like social media is misguided due to its fundamentally different nature.

Breakthrough Concepts in AI Development

• Claudebot is highlighted as a breakthrough proof of concept for personal assistants. The speaker emphasizes the need to understand who will emerge as key players in this evolving landscape.

Expanding the Definition of Personal Assistants

• The speaker compares using an advanced personal assistant to experiencing Full Self-Driving (FSD) technology or an iPhone for the first time, suggesting these tools can perform far beyond basic tasks like scheduling or email management.

Vision of Super Workers Powered by AI

• A vision emerges where multiple "super workers" powered by AI can handle various tasks such as scheduling, ideation, knowledge work, and even coding—transforming how businesses operate.

Future Implications of Physical Robots

• Discussion shifts towards physical robots like Optimus being developed alongside digital assistants. This could lead to a future where individuals have their own workforce capable of running businesses autonomously.

Predictions on Mergers and Market Trends

• The speaker reflects on previous predictions regarding company mergers within the tech industry and notes current trends indicating these predictions might be coming true.

API Usage and Cost Considerations

• There's mention of significant API usage costs associated with deploying these technologies; initial estimates suggest expenses could reach $1,000 per day due to high demand for automated agents within teams.

Advancements in Open Source Tools

• Introduction of Kimmy K2.5 is discussed as a powerful open-source tool that can handle many queries at no cost, highlighting its potential impact on reducing operational expenses while maintaining flexibility across different LLM platforms.

This structured summary captures key insights from the transcript while providing timestamps for easy reference back to specific points in the discussion.

The Future of AI: Open Source vs. Closed Source

The Power and Limitations of Proprietary Models

• Proprietary models from companies like OpenAI, Anthropic, and Google provide powerful responses to prompts but are gated systems where users lack ownership or understanding of the underlying technology.

• Users are at the mercy of terms of service updates; for instance, Anthropic's sudden policy change can restrict access to their model functionalities.

Importance of Open Source in AI Development

• The ongoing battle between open source and closed source models highlights the need for transparency and user sovereignty, especially for countries and organizations.

• Open source allows users to maintain control over data, audit model weights, and host models on personal hardware—ensuring that sensitive information remains secure.

Breakthrough with Kim K 2.5 Model

• The introduction of Kim K 2.5 as a trillion parameter mixture model represents a significant advancement in open-source AI capabilities.

• This model democratizes complex problem-solving by enabling parallel processing through its agent swarm technology, which was previously inaccessible.

Local Hosting vs. Centralized Data Centers

• There is skepticism about locally hosted models being effective; however, leveraging next-gen silicon in large data centers could drastically reduce costs associated with AI deployment.

• By utilizing commodity hardware like Mac Studios stacked together, users gain control over their data while benefiting from improved performance as open-source models evolve.

Implications for Regulation and Innovation

• As local hosting becomes more prevalent, it may lead to a significant shift in job functions within the industry due to increased accessibility and reduced reliance on centralized services.

• Current legislative approaches may become outdated if AI operates primarily through decentralized local systems rather than centralized chatbot interfaces managed by single companies.

• Advocating for federal preemption laws is crucial to prevent restrictive state regulations that could stifle innovation in the rapidly evolving landscape of AI technologies.

AI Policy and Use Cases

The Narrow Focus of AI Policy Debates

• The current policy discussions in Washington are overly focused on a single use case, primarily a niche fantasy chatbot application, which limits broader understanding of AI's potential.

• This narrow focus has led to exaggerated horror stories about AI, overshadowing its diverse applications that will emerge in the future.

Analogies with Internet Regulation

• A comparison is made between early internet regulation based solely on adult content and the current approach to AI; both highlight the need for a broader perspective on technology's capabilities before rushing to legislate.

Economic Implications of Localized AI Models

• The ability to run powerful models locally could disrupt company valuations and change economic dynamics significantly, especially as startups leverage these technologies efficiently.

Concerns Over Open Source Models

• There are concerns regarding the security of open-source models like Kimmy K2, particularly around potential hidden vulnerabilities that could lead to code corruption or zero-day attacks.

Increasing Reliance on AI for Coding

• As coding becomes increasingly automated by AI (currently at 50% usage), there is a growing risk associated with unchecked code generation, raising alarms about prompt injections and overall safety.

Red Teaming and Model Safety

Current Evaluation Standards

• The reliance on internal evaluations by major model companies lacks a unified standard; safety teams operate independently without collaboration across organizations.

Need for Comprehensive Testing Frameworks

• Countries like France may seek their own sovereign AI stacks but currently lack reliable methods to ensure model safety under various conditions.

Business Opportunities in Model Assurance

• There exists an opportunity for businesses to develop frameworks that can effectively stress-test open-source models and provide assurances of reliability before deployment.

Open Source Challenges

Community Benefits vs. Investment Barriers

• While open source allows for community-driven bug fixes, significant investments in proprietary models create barriers against effective forking or customization due to version drift.

Trustworthy Validation Needs

• For critical infrastructure applications, using validated American models over Chinese ones is preferred; however, ensuring trustworthiness remains a challenge amidst rapid advancements in model development.

Market Dynamics and Currency Trends

Economic Indicators

• Discussion shifts towards market trends where the dollar has weakened significantly while commodities like gold and silver have surged; this reflects broader economic shifts impacting investment strategies.

Dollar Devaluation and Economic Implications

Trump's Perspective on the Dollar

• Trump expressed a positive view on the dollar's decline, stating, "No, I think it's great," suggesting that a weaker dollar could benefit US manufacturing and exports.

• The current money printing rate is $2.5 trillion annually, with Trump proposing an additional $500 billion, potentially bringing total spending close to $3 trillion.

Inflation and Market Dynamics

• An analogy was made comparing market inflation to finding more shells on an island; as supply increases without real value growth, prices inflate.

• Historical context provided: In democracies like the US, government spending tends to rise over time due to public demand for more services.

Consequences of Increased Spending

• The transition off the gold standard allowed for extensive borrowing and money printing to fund government expenditures.

• A chart of M2 money supply illustrates a rapid increase in dollars due to Federal Reserve loans aimed at supporting federal spending.

Global Financial Trends

• Post-COVID trends show an acceleration in money supply growth rather than reduction, leading to further devaluation of the US dollar.

• Central banks are shifting their holdings away from US treasuries towards real assets like gold, indicating a significant change in global financial strategies.

Stock Market Analysis

• The dollar index has declined from approximately 109 to 96 against other currencies; this reflects broader economic challenges.

• When evaluating stock market performance relative to gold instead of dollars, it reveals that stock values have actually decreased since pre-COVID levels despite popular perceptions of market gains.

Debt Servicing Challenges

• Current yields on 30-year US Treasury bonds are at 4.9%, while average borrowing costs for the government stand at 3.3%.

• If all existing debt were refinanced at current rates without new debt accumulation, annual servicing costs would reach about $700 billion—significant compared to defense budgets and overall GDP.

Economic Disparities and Civil Unrest

The Impact of Asset Ownership on Wealth Distribution

• Discussion highlights the importance of asset ownership, noting that individuals who own stocks, real estate, and other assets benefit from dollar devaluation while the majority of Americans do not.

• Emphasizes that most Americans are net asset negative, relying solely on income which does not allow them to benefit from inflationary trends like asset holders do.

• Connects rising populism in the U.S. to economic disparities fueled by dollarization and government spending, leading to feelings of oppression among those without assets.

Potential Solutions to Economic Inequality

• Speaker reflects on wealth tax proposals in California as a potential solution to prevent civil unrest, questioning if nonviolent redistribution is feasible.

• Raises concerns about where tax revenues would go, suggesting they may not reach the intended beneficiaries but rather special interests exploiting the system.

Critique of Government Spending and Special Interests

• Argues for auditing government expenditures before raising taxes to ensure funds are used effectively rather than wasted or misappropriated.

• Points out that special interests often manipulate systems for their gain, exacerbating economic issues rather than resolving them.

Examples of Mismanaged Resources

• Discusses a specific case in California where $6 million was spent annually on providing beer for homeless individuals suffering from alcohol withdrawal symptoms as an example of poor resource allocation.

Political Landscape and Gubernatorial Race Insights

• Introduces Matt Mayan's candidacy for governor of California as a significant development; he is viewed as a moderate candidate unaligned with union interests.

• Highlights the unique jungle primary system in California where candidates compete regardless of party affiliation, potentially allowing more centrist candidates like Mayan to succeed against traditional Democratic contenders.

California's Political Landscape: A Battle for the Governorship

Current Candidates and Their Standing

• Katy Porter is perceived as unlikable and seen as too closely tied to California institutions, while Maym and Swallwell are viewed as more independent candidates.

• Two Republican candidates, Chad Biano (a sheriff) and Steve Hilton (a political commentator), are polling around 15%, which positions them favorably in a fragmented field.

• The fragmentation of the Democratic field may allow Republicans to advance, but it’s expected that Democrats will consolidate their support eventually.

Potential Outcomes of the Election

• If the Democratic candidates remain divided with low percentages, there’s a possibility for two Republicans to secure top spots in the general election.

• However, having two Republicans might be advantageous; if one Republican faces off against a strong Democrat like Swallwell, they would likely lose.

Matt Maym's Chances

• Matt Maym has a better chance if he competes against either a Democrat or another Republican. His appeal could attract bipartisan support depending on his opponent.

• Maym is recognized for his effective leadership in San Jose, particularly regarding homelessness issues, enhancing his candidacy credibility.

Future Prospects for California Governance

• There’s speculation about potential shifts in California governance with figures like Matt Maym possibly leading reforms if elected governor.

• Concerns arise over current leadership failures under Karen Bass and how these affect public perception and future elections.

Fiscal Challenges Ahead

• California faces significant fiscal challenges due to pension obligations that cannot be altered without constitutional amendments or bankruptcy declarations.

• The looming trillion-dollar fiscal cliff highlights urgent needs for reform within state financial management practices.

Conclusion on Leadership Needs

• Effective leadership is crucial to navigate California's impending fiscal crisis; past administrations have left substantial challenges that require innovative solutions.

2028 California Governor Race: Who Will Replace Newsom?

Potential Candidates and Political Dynamics

• Discussion on who Gavin Newsom might prefer as his successor, indicating he likely does not want a Republican due to the implications of a rebuke.

• The dilemma for Newsom in choosing a candidate who won't let the state deteriorate while he runs for president; concerns about being blamed for any fallout.

• Speculation that the political machine may support Eric Swalwell despite potential negative consequences for California, highlighting internal party dynamics.

• Emphasis on various sectors (tech, Hollywood, agriculture) wanting a non-establishment governor, suggesting widespread discontent with current leadership.

Upcoming Events and Community Engagement

• Announcement of the All-In Summit in Los Angeles from September 13th to 15th, inviting venture capitalists and other stakeholders to apply for tickets.

• Mention of an upcoming liquidity event scheduled from May 31st to June 3rd, encouraging participation from investors and funds.