BREAKING: Devin now writes ~95% of Devin's code Scott Wu (@ScottWu46), CEO of @cognition says the abundance era of AI is real & coming soon.. FULL INTERVIEW Cog Stats: › $2.5B raised, $26B valuation › $500M+ run rate, up from $37M LY › Customer usage is up 11x-12x in 6 months › Total code shipped inside Cognition has grown 7x › Devin writes ~95% of Cog's code, up from 89% at May Series D › The entire Windsurf acquisition was negotiated over 1 weekend, ~40 people buying a 200 person company with $82M of ARR › Goldman Sachs, Mercedes-Benz, Citi, Dell, Santander, NASA, the US Navy & the US Army all run Devin R I P : "The tokenmaxx era lasted from January to May of 2026, roughly." "I'm excited to have AI that allows me to spend all of my time & focus on the things that I care about & take care of the rest. I think the abundance era is real, & I think we'll be there pretty soon." Recorded 7 July 2026. On 23 July 2026 Cognition acquired Poke maker The Interaction Company 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Scott Wu, Co-Founder & CEO at Cognition (01:00) The Identity crisis of building Devin (01:42) How Cognition 7X-ed its output in 6 months (02:55) The Metric every AI company gets wrong (04:18) Cognition's 12x growth curve (07:46) The Windsurf acquisition (13:26) Scaling overnight: Cognition's hardest week (15:11) The strategy behind the integration of Cognition products (17:23) Cognition's M&A playbook (20:01) Why the DMV is Cognition's next big target (22:59) Why Cognition bet against AI centralization (25:09) Why enterprises refuse to bet on a single AI lab (28:32) Scott's honest take on Superintelligence (32:36) Is Silicon Valley losing its mind over the AI gold rush? (33:26) Devin's origin story (37:17) The question Scott thinks nobody's asking yet (39:59) Poker with Peter Thiel & Napoleon ? (41:24) Scott's vision for the next year

David @friedberg on the "cult of socialism" and NYC Mayor Zohran Mamdani: "Part of socialism is like multi-level marketing." "There's an aspect of: you just gotta sign up one person per day." "The other thing they're really good at in socialism in driving adoption is to create spectacle, like Zohran Mamdani jumping in the pool. These viral moments in front of a desk. Knocking on the glass in front of Ken Griffin's condo." "Those viral moments that we've all seen, that we all watch, are key to the strategy. It's the spectacle, it draws people in, and then it's about recruiting."

“The truth is the bottom 50% were left behind because of bad tax policy, because of government spending and (bad policy) on housing, healthcare and education. And because we didn’t give them access to owning capital. We can fix this.”

David @friedberg says billionaires didn't cause the wealth inequality gap: "People think there's this small cabal of people that have everything in America." The reality: › $183 Trillion: Total net worth of Americans › $8 Trillion (4%): Net worth of billionaires › $4 Trillion (2%): Net worth of bottom 50% › $170 Trillion (93%): Net worth of middle class "So it is true that the billionaires have 2x as much as the bottom 50%." "But it's $170 trillion that the middle class of America has." " So the middle class is really where all of the net worth in America accumulated." "Yes, there's an ultra-rich group that has a lot of assets, but this is really what won in America in the last half century—that middle class. But the problem is the bottom 50% left behind." "That's I think, what is really driving and motivating this socialism today." "While there is wealth inequality, the statistics are a little bit different than what everyone groks."

David @friedberg says the "great lie of the 20th century" was convincing people to put all of their net worth into one asset: their home. "When you do that, then the only way to keep Americans wealthy or keep the middle class stable is to keep the price of homes going up." "And that ultimately leads to a point in time today where young people can't afford those super expensive homes." "Back in the day, 30-40 years ago, if you got a good job, you could buy a home." "Today, because we made everyone put all of their net worth in their home, and therefore we had to keep home prices going up to keep everyone's net worth going up, people got screwed."

Just made contributions to my nephews @InvestAmerica24 accounts, couldn't have been easier! 🇺🇸 Newborn niece is next (just need birth certificate) 🥰 How it works: 1. Parents send link to individual accounts 2. Pay by debit card Pretty simple.

David @friedberg says we need to close tax loopholes: "Literally everyone's going to hate me over this, but it's the only way." "Any time there's a loophole that lets people transfer one asset for another without paying tax on the gain, because it's called a tax-free transfer, you have to cut all that." "If you don't cut all that, then people are compounding value without paying taxes when they're realizing value along the way." "That's what's unfair about the tax code today. If you invest in a company, a startup, and it goes well, it's not really fair for you to take the money you just made in that startup and not pay your tax and go buy another stock and keep growing your value." "And for the inheritance tax, there should be a step-up." "People don't realize this, but this is another problem, which is if you die and you have a large asset base, your inheritors get to use the original, the value transfers, and they get the step-up on their basis." "So now when they ultimately sell, no one paid the delta between what you paid and what they got it at. No one paid that tax." "But none of it matters if we don't stop the wasteful spending on housing, education, and healthcare."

BREAKING: David @friedberg on America vs Socialism FULL INTERVIEW Exposing the underlying problems no one wants to talk about. How the bottom 50% got left behind. "I don't blame Americans for finding themselves in the situation that they're in. I blame the bad policy that brought us to this moment." "Americans should feel good about America. We just have to fix the policies." "This can't just be a CCP psyop. It's coming from a place of hurt, of turmoil, of fundamental struggle." "I'm saying everyone is right, but we need to be honest about what has happened to get us here & what the right path is to get us out of it." We cover: › Real wealth data: $183T total US net worth, $8T held by billionaires, $4T by the bottom 50% › The 1982 Social Security mistake that cost the bottom 50% an extra $37 trillion (vs bankrupt !!!) › Why capital gains & labor taxes should reverse › Wealth tax as asset seizure › Invest America for Children, a 401(k) from birth, & flipping Social Security into equities › Joe Lonsdale: paying taxes that actually work 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) David Friedberg, CEO at Ohalo Genetics & Co-Host at All-In (01:11) Is California functionally bankrupt? (02:28) The real reason Americans can't afford anything anymore (12:13) Why a wealth tax is really government theft (21:22) Why blaming billionaires is a political strategy, not a solution (25:33) How Socialism grows like a virus (30:40) Inside Trump Accounts: a 401(k) for every American (34:22) Why rational arguments can't compete with viral outrage (40:56) Jeff Bezos's radical fix for the wealth gap (45:47) 5 years till Social Security is bankrupt (46:35) Is AI actually coming for your job? (50:29) The K-shaped economy (55:39) Five things America needs to fix to survive (59:21) David's research process (1:02:54) "It's about making Americans feel good again"

David @friedberg explains the rise of socialism and the hypocrisy of @RoKhanna: "It's a lot easier to claim an enemy and get elected, than it is to fix a difficult policy problem." "Ro Khanna is the perfect example of this." "This is some dude who has a $300M net worth. His children have memberships at 3 country clubs." "The dude lives in a $10M house in Washington, DC." "And he used to be the moderate Silicon Valley guy who would go around to all the tech CEOs and founders and VCs and be like, 'Give me your money. I'm a moderate. We're going to make the Democratic Party work for you.'" "Then he saw the tides change, and he's like, 'Oh, this is yum, yum. I'm going to run for president in 2028.'" "Just to be clear on this, he is so unlikable, I think he'll likely end up being Secretary of Housing and Urban Development if AOC is elected president." "I do not disagree with him or Gavin or anyone else that tax policy in America is fucked up." "When billionaires borrow against their unrealized capital gains, they should pay capital gains tax. Capital gains tax should be 40%, not 15% or 18% or 20%. In fact, labor should pay less. Income tax should be much lower. Capital gains should be much higher. That would be a fair tax policy." "I don't know a lot of people who are wealthy who will look me in the eye and truly disagree with that." "It's a lot of bullshit when we all say, 'It incentivizes investment.' Great, it incentivizes investment. What are you going to do with your excess capital if the tax rate is 40% versus 20%? You're not gonna invest it now? Of course you're going to fucking invest it." "But instead of those practical solutions like I just laid out, they're all like, 'Let's go fire up the fucking socialist train because it's worked so well in fucking Cuba and Venezuela and the Soviet Union and all these other places.'" "What both parties are missing is a policy agenda that says: Here's the shit we have to do to keep America from going down the socialist death spiral. And they all should be fucking doing it, both sides."

"We have 5 years until Social Security is bankrupt." David @friedberg on why Brad Gerstner's (@altcap) Trump Accounts for children are great for America: "The idea is right. It's a 401(k) for everyone." "Social Security needs to flip into being a 401(k) for everyone, tomorrow." "When you look at how much is going to get paid out and what the pay-in rate is, Social Security runs out of money in five years." "It's got $2.7T in it today.  It's a fucking treasury." "They should sell that treasury, take that cash, and go buy the S&P 500." "And then everyone that has Social Security should get an account, and they should get their money, and it should buy the S&P. And it can also buy private stock, and whatever." "And we should do the same for all government employees and get them off of these pension plans." "These pension plans are poison." "The fundamental problem with these pension plans is that they will ultimately end up bankrupting the states, or become Ponzi schemes where people get screwed because they're expecting retirement benefits and they don't get them, and they're going to get bailed out somehow anyway." "They should all be flipped to retirement accounts. They should all be flipped to 401(k)s." "Everyone in America should get the same thing: 401(k) you own a piece of these equities in America, and we all participate together in the growth of America. And then everyone's incentivized to see businesses succeed."

David @friedberg reacts to @JTLonsdale saying he would pay 90% in taxes if it meant the US would become a functioning society: "Right.. if your money goes to something good." "But as soon as you let the government take it, it gets destroyed in the system." "It's like a fucking shredder of money." "You're taking all your money, you put it in the paper shredder, and then you get like a little bit out and it's damp and covered in coffee grounds and you're like, 'Okay, I got my value back.'" "That's what the government is."

David @friedberg on the "cult of socialism" and NYC Mayor Zohran Mamdani: "Part of socialism is like multi-level marketing." "There's an aspect of: you just gotta sign up one person per day." "The other thing they're really good at in socialism in driving adoption is to create spectacle, like Zohran Mamdani jumping in the pool. These viral moments in front of a desk. Knocking on the glass in front of Ken Griffin's condo." "Those viral moments that we've all seen, that we all watch, are key to the strategy. It's the spectacle, it draws people in, and then it's about recruiting."

"We have 5 years until Social Security is bankrupt." David @friedberg on why Brad Gerstner's (@altcap) Trump Accounts for children are great for America: "The idea is right. It's a 401(k) for everyone." "Social Security needs to flip into being a 401(k) for everyone, tomorrow." "When you look at how much is going to get paid out and what the pay-in rate is, Social Security runs out of money in five years." "It's got $2.7T in it today.  It's a fucking treasury." "They should sell that treasury, take that cash, and go buy the S&P 500." "And then everyone that has Social Security should get an account, and they should get their money, and it should buy the S&P. And it can also buy private stock, and whatever." "And we should do the same for all government employees and get them off of these pension plans." "These pension plans are poison." "The fundamental problem with these pension plans is that they will ultimately end up bankrupting the states, or become Ponzi schemes where people get screwed because they're expecting retirement benefits and they don't get them, and they're going to get bailed out somehow anyway." "They should all be flipped to retirement accounts. They should all be flipped to 401(k)s." "Everyone in America should get the same thing: 401(k) you own a piece of these equities in America, and we all participate together in the growth of America. And then everyone's incentivized to see businesses succeed."

David @friedberg reacts to @JTLonsdale saying he would pay 90% in taxes if it meant the US would become a functioning society: "Right.. if your money goes to something good." "But as soon as you let the government take it, it gets destroyed in the system." "It's like a fucking shredder of money." "You're taking all your money, you put it in the paper shredder, and then you get like a little bit out and it's damp and covered in coffee grounds and you're like, 'Okay, I got my value back.'" "That's what the government is."

David @friedberg explains the rise of socialism and the hypocrisy of @RoKhanna: "It's a lot easier to claim an enemy and get elected, than it is to fix a difficult policy problem." "Ro Khanna is the perfect example of this." "This is some dude who has a $300M net worth. His children have memberships at 3 country clubs." "The dude lives in a $10M house in Washington, DC." "And he used to be the moderate Silicon Valley guy who would go around to all the tech CEOs and founders and VCs and be like, 'Give me your money. I'm a moderate. We're going to make the Democratic Party work for you.'" "Then he saw the tides change, and he's like, 'Oh, this is yum, yum. I'm going to run for president in 2028.'" "Just to be clear on this, he is so unlikable, I think he'll likely end up being Secretary of Housing and Urban Development if AOC is elected president." "I do not disagree with him or Gavin or anyone else that tax policy in America is fucked up." "When billionaires borrow against their unrealized capital gains, they should pay capital gains tax. Capital gains tax should be 40%, not 15% or 18% or 20%. In fact, labor should pay less. Income tax should be much lower. Capital gains should be much higher. That would be a fair tax policy." "I don't know a lot of people who are wealthy who will look me in the eye and truly disagree with that." "It's a lot of bullshit when we all say, 'It incentivizes investment.' Great, it incentivizes investment. What are you going to do with your excess capital if the tax rate is 40% versus 20%? You're not gonna invest it now? Of course you're going to fucking invest it." "But instead of those practical solutions like I just laid out, they're all like, 'Let's go fire up the fucking socialist train because it's worked so well in fucking Cuba and Venezuela and the Soviet Union and all these other places.'" "What both parties are missing is a policy agenda that says: Here's the shit we have to do to keep America from going down the socialist death spiral. And they all should be fucking doing it, both sides."

BREAKING: David @friedberg on America vs Socialism FULL INTERVIEW Exposing the underlying problems no one wants to talk about. How the bottom 50% got left behind. "I don't blame Americans for finding themselves in the situation that they're in. I blame the bad policy that brought us to this moment." "Americans should feel good about America. We just have to fix the policies." "This can't just be a CCP psyop. It's coming from a place of hurt, of turmoil, of fundamental struggle." "I'm saying everyone is right, but we need to be honest about what has happened to get us here & what the right path is to get us out of it." We cover: › Real wealth data: $183T total US net worth, $8T held by billionaires, $4T by the bottom 50% › The 1982 Social Security mistake that cost the bottom 50% an extra $37 trillion (vs bankrupt !!!) › Why capital gains & labor taxes should reverse › Wealth tax as asset seizure › Invest America for Children, a 401(k) from birth, & flipping Social Security into equities › Joe Lonsdale: paying taxes that actually work 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) David Friedberg, CEO at Ohalo Genetics & Co-Host at All-In (01:11) Is California functionally bankrupt? (02:28) The real reason Americans can't afford anything anymore (12:13) Why a wealth tax is really government theft (21:22) Why blaming billionaires is a political strategy, not a solution (25:33) How Socialism grows like a virus (30:40) Inside Trump Accounts: a 401(k) for every American (34:22) Why rational arguments can't compete with viral outrage (40:56) Jeff Bezos's radical fix for the wealth gap (45:47) 5 years till Social Security is bankrupt (46:35) Is AI actually coming for your job? (50:29) The K-shaped economy (55:39) Five things America needs to fix to survive (59:21) David's research process (1:02:54) "It's about making Americans feel good again"

NEW: Cerebras $CBRS CEO Andrew Feldman (@andrewdfeldman) "When the chip on your shoulder is the largest chip the world has ever seen." "The demand for AI has outpaced everybody's expectation & everybody's forecast. & so everybody's chasing. They're chasing chips, memory, or data centers." We get into the chip 58x larger than any other, $20B OpenAI deal signed in 4.5 weeks, & what's actually going on with the 'big AI deals' Recorded 2 months after Cerebras' $5.5B IPO at a $56B valuation, where a first-day pop briefly hit ~$95B before settling toward ~$60B. We cover: › A "Cambrian explosion" of new chip architectures › $20B+ OpenAI deal: 750MW of inference compute over 3 years › Why inference, not training, is where the value is now › "We are behind" on the data center build-out › Free tokens & circular deals: "These are drug pushers" › Creating 1,000 millionaires › Nvidia's balance sheet & market strength › Sovereign AI & owning the stack › Co-design & data centers in space › A real 25-year path to ending cancer @cerebras builds AI infrastructure for training & inference. It went public in May 2026, & its products include inference, Wafer Scale Engine, AI supercomputers, AI model services, cloud, systems, & processors. Filmed at the Raise Summit in Paris. Thank you to Brex, MongoDB & AssemblyAI for helping make this trip & content series happen. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Andrew Feldman, Co-Founder & CEO at Cerebras Systems (00:49) Why hardware suddenly became the coolest industry in tech (01:51) What changed at Raise AI Summit (03:01) Inside the $20 billion Cerebras - OpenAI deal (05:50) What actually changes two months after an IPO (06:32) Turning 1,000 employees into millionaires (07:52) Staying sane during an AI gold rush (10:44) Life after the IPO plateau (11:45) The truth about the global data center shortage (12:56) Why data centers are borrowing jet engines for power (14:44) Are data centers really headed to space? (15:37) The shift to designing chips & software together (17:39) The biggest misconception about co-designing chips & software (18:31) Inside SpaceX's multi-billion dollar AI deals (20:06) NVIDIA's playbook for locking out competitors (20:54) The hidden cost behind free tokens (22:52) Andrew's response to Karp's sovereign AI thesis (24:18) AI's biggest win might be curing cancer (26:50) Peptides & biohacking (28:00) How AI could finally fix the broken education problem (29:46) The mentors who shaped Andrew Feldman's career

"The attention economy is real. Standing out is hard." Dylan Field @zoink explains why people and companies need to take more risks today than in the past: "It takes not only human steering and human intent, but it also takes a point of view." "That is something that people fall down on all the time, because it's kinda scary to have a point of view. Like, a real point of view and to be bold and to take a risk." "Folks are already internalizing this." "They're already, from the market teaching them, realizing they have to go take these bolder bets, bigger swings."