20VC: OpenAI's Multi $BN Deal with AMD | Polymarket, Vercel and Supabase Raise Mega Rounds | Does King Making Really Work in Venture Capital: Harvey vs Legora | Chamath is Back: The SPAC is Back
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
Paul Graham was right. Sam Altman understands power. He has more power than AMD, so he took 10% of their company for the privilege of selling stuff to him. The interesting thing is the leverage that OpenAI has, even though they're losing a shit ton of money, precisely because they have the users. Nvidia is making so much money it's almost incomprehensible.
So I think Jensen knows he's got to give up some of it. The more you do this, the more you just say to yourself, you just need to do big exciting deals in trends that are absolutely obvious and every time you try and make it harder than that you just you lose money. This is 20 VC with me, Harry Stebbings. It is my favorite show of the week.
Now what a show we have in store for you. So many great bits of content. We have OpenAI's partnership with AMD and their ability to buy 10% of AMD. We have their dev day announcements analyzed and broken down. We have Superbase's new round for sells new round chamath's new spec is
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