Epstein Files Fallout, Nvidia Risks, Burry's Bad Bet, Google's Breakthrough, Tether's Boom

When the Epstein files and related evidence are fully revealed and investigated, it will show that at least one major intelligence agency (CIA, Israel’s intelligence services, or Russian intelligence) was materially involved with Jeffrey Epstein (e.g., using him as an asset or otherwise connected), and that this involvement is a key reason information has been withheld or covered up.

“I think we're going to get to the end of the day. We're going to find out that some intelligence agency was somehow involved in this, and that's why it's being covered up.” View on YouTube

Over the next few years (through at least 2027), Google’s core search advertising business will continue to grow overall, supported by increased search volume and improved AI-driven ad targeting, and Google will not lose its dominant search position to ChatGPT/OpenAI. Over the same time frame, OpenAI’s relative share and leadership in the general-purpose AI assistant/model market will decline as Google (Gemini), xAI (Grok), and Anthropic gain share and surpass OpenAI on key benchmarks and usage.

“I'm going to take the other side of it. I think what's going to happen is the AI gains in advertising targeting and the number of searches is going to go up. So while the revenue per search might go down, the number of searches goes up and then the targeting goes up. So I'm going to take the other side of it. I think the search franchise is going to grow and that Google is not going to lose to ChatGPT. And I think the big loser in all of this is going to be OpenAI, because they started with 100% of the market, and they're only going down and they're facing a Google firing on all cylinders, anthropic and grok, beating them in the leaderboards pretty consistently.” View on YouTube

By the end of 2026, Huawei (using non‑publicly discussed Chinese lithography technology deployed in new mainland China fabs) will publicly announce and begin producing AI/accelerator chips at high volume and relatively low cost that are competitive with leading Western chips (e.g., Nvidia-class accelerators) for at least some defined market applications (such as specific AI workloads).

“my early prediction for 2026 is Huawei ... where I think that there's a lithography technology that exists in China that is not publicly discussed, that is going to be deployed in Huawei and all these fabs that they're building in mainland China. And Huawei can create at a very low cost, probably very high volume, and probably in reasonably short order chips that can start to rival for certain market applications, chips that might be expensive and long.” View on YouTube

Between 2026 and 2027, Huawei’s domestically fabricated chips will begin to have a noticeable competitive impact on the high-performance AI chip market, particularly by offering lower-cost alternatives for certain workloads, thereby posing a meaningful new competitive risk to Nvidia.

“Give a timeline for that two years, three years out. When we start to see that have an impact on...” View on YouTube

In the produced version of this episode, the editor Nick will include a picture-in-picture display of the referenced poker hand.

“We'll get we'll get Nick to play picture in picture this hand.” View on YouTube

In the future, the All-In podcast YouTube channel will publish exclusive poker content featuring the hosts playing with professional players including Jason Koon, Alan Keating, and likely Phil Hellmuth.

“And we're going to have some exclusive content on our YouTube channel of the besties playing poker with incredible professional poker players like Jason Koon, Alan Keating. And then I think Phil Hellmuth.” View on YouTube