IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate

The episode begins with congratulations on new arrivals and reflections on the East Meets West conference, focusing on LA's restaurant recovery. The discussion then turns to AI's transformative impact on the US economy, healthcare, and advertising, with emphasis on Meta's AI investments and historical tech trends. Insights are shared on the Max Seven tech companies and the AI race. Tesla's humanoid robot, NVIDIA's risks, and Apple's tech stagnation are examined. AI's influence on IPOs, market trends, and the SaaS slowdown is discussed, including consumption-based pricing. Chamath's SPAC insights and Thomas Laffont's market analysis delve into AI's workforce impact and Amazon's AI focus. The episode ends with regulatory shifts in crypto, stablecoin debates, f