20VC: Anthropic vs The Pentagon: Who Wins | OpenAI's $110BN Mega Round | Cursor Hits $2BN in ARR | Block's 40% Headcount Reduction: AI or Overhiring

Whatever it is that's in the water at Anthropic, it's working and it has created unity. The state is more powerful than Anthropic. You've got to believe that the next round for this Anthropic and SpaceX are all public offerings. Tesla trades at a trillion today. I think if Eland died tomorrow to trade at 200 billion.

OpenAI trades at 800 billion today. I think if Sam Altman died tomorrow morning, which rate is 600 billion. I think we got the SAS pocalypse all wrong. Every single CEO I talk to doesn't think they need 40% of their team. The lesson is never underestimate big markets and momentum.

The knife fight doesn't start until the TAM is like 60, 70% saturated. The prize for winning is to reinvent the company from scratch and the product from scratch every six to nine months. Congratulations, it's a fun game. This is 20VC with me, Harry Stebbings. Now it is time for my favourite show of the week, Rory O'Driscoll, Jason Lempkin, analyzing the biggest news in tech this week.

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