In this episode of the All-In Podcast, the hosts discuss current events, starting with the bond market's reaction to a large tax and spending bill passed by the House, which they worry will increase the national debt and lead to inflation. They debate the merits of the bill, with some arguing it contains necessary tax cuts and others criticizing its lack of austerity measures and potential negative impacts on energy prices and AI development. The conversation shifts to Google's AI-first search product and OpenAI's acquisition of Jony Ive's company, speculating on the future of AI-driven devices and the potential for a new "iPhone-like" product. Finally, they touch on AI diplomacy in the Middle East, praising efforts to foster partnerships and prevent those countries from aligning with China in the tech sector, and discuss CRISPR gene editing technology.