🚨 E238 is LIVE: two hour summer pod! @benshapiro, @GavinSBaker, and @pdeutch fill in for @chamath and @DavidSacks -- openai's gpt-5: why do people think it flopped? -- ai's unlimited market -- gpu smuggling -- tariffs update -- china's big advantage (and how to counter it) -- rise in socialism in the us -- housing crisis -- apple's $700b in buybacks and failing ai strategy ++ much more (0:00) bestie intros! gavin baker, ben shapiro, and phil deutch join the show (7:32) gpt-5 underwhelms, benchmark saturation, openai's product excellence (18:14) ai's tam, roic, and energy implications (27:27) china's big advantage and how the us can counter it (43:46) political parties picking winners, energy subsidy reversal, how the bureaucratic branch was created and how to fix it (52:38) socialism, obbb impact on energy, does socialism in america rely on mamdani in nyc? (1:10:00) tariffs update: $125b+ revenue so far, india and switzerland hit hard, trump's ad hoc approach (1:27:51) nvidia chips being smuggled to china (1:31:13) apple's $700b in buybacks since 2015 and failing ai strategy (1:40:09) summer reading recommendations