Luke recaps the All-In Summit from a self-driving Waymo and breaks down five big themes shaping the next year in tech and investing: physical AI, the shift to inferencing, tokenized private equity, nuclear + nat gas for AI data centers, and the space economy. We also cover the implications of the most recent job report and also hit Oracle’s monster move, hyperscaler compute shortages, and rapid-fire earnings (Planet Labs, Broadcom, Guidewire, Samsara). Big picture: stay bullish on AI—but watch the shot clock on market greed.