E34: Chamath, Threads API, and the Difficulties of Scaling AI Labs

This week, Byrne Hobart and Erik Torenberg discuss a lesser-known Chamath Palihapitiya story, the index rebalancing trade as a postmodern part of finance, AI labs, crypto, and more.

Byrne Hobart is hiring an associate! Check out the JD here: https://www.thediff.co/jobs/

🔥 Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj

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RECOMMENDED PODCAST: Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries.

Listen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333

Listen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836

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TIMESTAMPS:

(00:00:00) About the Show

(00:00:20) Chamath, IAC, and Tinder

(00:16:20) Sponsors: Babbel | Beehiiv

(00:18:54) Chamath continued

(00:18:54) Twitter, Threads

(00:22:40) Twitter, Twitch

(00:24:12) Twitter, API

(00:28:37) Meme coins

(00:32:10) The postmodernity of index rebalancing trades

(00:35:37) S&P 500 inclusion and exclusion

(00:40:52) Crypto, AI, and the Zeitgeist

(00:42:14) Crypto

(00:46:55) AI Labs

(00:49:35) Why is it money intensive and talent intensive?

(00:53:59) What should people study in college?

(00:59:24) Byrne is hiring an associate!

(01:02:13) Outro