$518B in compute commitments and 80 pages of risk factors
These are just some of the surprising numbers from Anthropic’s leaked S1. In this episode of Trading Places, Dave McClure and Aman Verjee break it all down. Will their $2T IPO still happen before Thanksgiving? Plus, the 10-year Treasury broke 5% for the first time in nearly 20 years — what that means for the IPO market.
They also cover the debt behind the AI data center boom, the AI safety incidents raising product liability questions, and what a Senate flip could mean for AI and crypto policy. Plus: Oura pulls its IPO, AMD’s $8.2B acquisition of World Labs and ElevenLabs doubling to $22B in an employee tender. Then, Dave discusses secondary market trends with Sam Lawson, co-founder and managing partner of Flywheel Capital. In Valuation Corner, Aman breaks down the >$20B nuclear startup industry. He covers how Aalo Atomics compares to its competitors and why nuclear demand is booming.
00:46 - [ tech and vc news ]
interest rates reach 20-year high
05:24 - surprising numbers from Anthropic S1 leak
12:14 - rising costs of AI data center buildout
18:03 - soaring AI safety concerns
22:13 - how midterms will impact AI
27:53 - Oura pulls $2.2B IPO
32:29 - chipmaker AMD $8.2B World Labs acquisition
34:53 - ElevenLabs doubles valuation to $22B
40:06 - [ intvw: Sam Lawson, Managing Partner @ Flywheel ]
48:56 - reasons for starting Flywheel
1:00:37 - state of the venture secondary market
1:00:52 - secret stallions
1:05:55 - VC market trends and predictions
1:17:59 - [ valuation corner: nuclear startup Aalo @ $3B ]
nuclear startup industry valued at over $20B
1:22:04 - forces driving nuclear demand
1:24:44 - will the nuclear startup boom stick?
#VentureCapital #Anthropic #AISafety #Secondaries #NuclearEnergy
