Biggest LBO Ever, SPAC 2.0, Open Source AI Models, State AI Regulation Frenzy

The episode begins with the news of EA's acquisition for $55 billion, marking the largest leveraged buyout in history and prompting a discussion on the challenges facing private equity. The conversation transitions to the IPO market and the emergence of SPAC 2.0. The potential for AI rollups is explored as Sacks joins the discussion. The episode then examines the launch of short-form video apps by OpenAI and Meta, debating whether they're innovative or just "AI Slop." The focus shifts to DeepSeek's new open-source AI model and its implications for the US AI industry. It concludes with a debate on the regulatory landscape, balancing state and federal oversight.