Iran War, Oil Shock, Off Ramps, AI's Revenue Explosion and PR Nightmare
3/13/20261 hr 20 min
(0:00) The Besties welcome Brad Gerstner!
(3:48) Economic fallout of the Iran War, escalation scenarios, impact on midterms
(19:18) Off ramp strategies, Gulf state involvement, the China angle
(27:05) Anthropic and OpenAI scaling revenue faster than any company ever
(46:11) AI's PR disaster, open source's future
(1:07:51) Washington passes "Millionaire Tax," Howard Schultz bails for Miami
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Referenced in the show:
https://www.google.com/finance/quote/BZW00:NYMEX
https://www.cnbc.com/2026/03/11/cargo-ship-struck-strait-of-hormuz-uk-iran-war.html
https://polymarket.com/event/us-forces-enter-iran-by
https://x.com/altcap/status/2029223717356879931
https://www.wsj.com/opinion/iran-war-oil-operation-epic-fury-mojtaba-khamenei-0d2edb9c
https://www.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26
https://x.com/sentdefender/status/2031827082934665293
https://polymarket.com/event/balance-of-power-2026-midterms
https://polymarket.com/event/march-inflation-us-annual
https://www.ft.com/content/7cab4ec7-4712-4137-b602-119a44f771de
https://www.axios.com/2025/05/28/ai-jobs-white-collar-unemployment-anthropic
https://www.axios.com/2026/03/06/pentagon-anthropic-amodei-apology
https://www.ft.com/content/97bda2ef-fc06-40b3-a867-f61a711b148b
https://x.com/WallStreetMav/status/2032115119879045512
https://x.com/TheChiefNerd/status/2032012809433723158
https://hai.stanford.edu/news/most-read-the-stanford-hai-stories-that-defined-ai-in-2025
https://x.com/DrTechlash/status/2030734402339365220
https://www.semafor.com/article/12/07/2025/ai-critics-funded-ai-coverage-at-top-newsrooms
https://www.politico.com/story/2019/02/13/howard-schultz-2020-taxes-1167363
https://x.com/chamath/status/2032135944284094910
https://www.visualcapitalist.com/mapped-which-u-s-states-gained-the-most-residents-in-2025
Clips
Transcript preview
First 90 secondsJason Calacanis· Host0:00
All right, everybody. Welcome back to the number one podcast in the world. Freeburg's out saving the world, creating new potatoes, or I don't know, quinoa, maybe some Brussels sprouts. I'm not sure what he's working on at this point. In his place, his personal favorite bestie, he always says that, "When I'm not here, I want Brad Gersten in the seat." Welcome back. We haven't seen you on the pod since your shout-out at the State of the Union. Take us behind the scenes for a brief moment here, Brad, of what it's like- [laughs] ... to get a shout-out from POTUS at the State of... Did you know it was coming? Did you choreograph to this thing? Did you, did you choreograph that, or was that more spontaneous? I, I honestly had no idea it was coming, and in fact, I, I found out after the fact that it wasn't in the speech, and the president added it to the speech, so I don't even think it was, you know- That's so awesome ... few days before going to happen. But we got an invite to the State of the Union, and, you know, listen, it's an institution. This has happened every year for 250 years in the country. I've never been. I thought... I did know he was gonna talk about Trump accounts, so I figured if I'm ever going to go, that's the time to go. And I have to say, you know, I'm just a sucker for democratic institutions and democratic traditions. It w- it was an extraordinary night. Set aside, you know, the headlines about what Democrats did or Republicans did, just the, whether it's a Democrat president or Republican president, that this happens every year. You have to go report on the State of the Union. So it was a, it was a special night. Did dinner ahead of time. We're in the chamber. The chamber, as you all know, is very small, and so, you know, just to your right was