Bernie Sanders Says Stop All AI, China's Breakthrough, Inflation Down, Golden Age in 2026?

Summary

The four All-In hosts debate Bernie Sanders' call for a moratorium on new AI data centers, arguing the AI backlash is partly astroturfed by billionaire-funded doomer groups and that the industry must show tangible public benefits to fix a perception problem. They review the latest US data (CPI 2.7% vs 3.1% expected, unemployment 4.6% driven by federal buyouts), with Sacks calling it the cusp of a golden age and a gangbusters 2026 while Calacanis argues most Americans do not feel it. The China segment covers a Reuters report that China built a prototype EUV lithography machine: Friedberg argues China is pursuing lithography primacy through alternative AI-driven methods that could reach or surpass ASML, while Sacks says ASML's EUV remains the West's key advantage and Chamath expects memory-centric inference chips on mature nodes. The show closes with the hosts moving to Texas amid California's proposed billionaire tax and the rescheduling of marijuana to Schedule III.

• Bernie Sanders proposes a moratorium on new AI data centers; hosts call it an own goal that would cede AI leadership to China.
• Sacks cites Vanguard and Yale Budget Lab data showing no AI-driven job loss so far and a roughly 2% GDP tailwind from AI capex.
• Sacks and Chamath argue anti-AI sentiment is amplified by billionaire-funded doomer groups funding journalism fellowships and anti-data-center NIMBY campaigns.
• November CPI 2.7% vs 3.1% expected, core 2.6%; unemployment 4.6% as government payrolls fell 162k after DOGE buyouts; Sacks sees rates falling and a gangbusters 2026.
• Calacanis counters that prices are still rising and the bottom half of Americans who do not own equities do not feel a golden age.
• Reuters reports China built a prototype EUV machine; Friedberg says China's $48B Phase III chip fund and Tsinghua AI-based lithography research aim for parity with or beyond ASML, and Huawei likely has a system near production.
• Sacks says ASML's EUV is the West's biggest AI advantage while China's DUV workarounds and Huawei Ascend CloudMatrix racks are serviceable; Chamath expects memory-centric SRAM inference chips on mature nodes.
• Hosts discuss relocating to Texas amid California's proposed billionaire tax, a roughly $1T pension shortfall, and marijuana rescheduling to Schedule III.