Panthini Nandu

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

Went down a rabbit hole on the Anthropic IPO. Stuff that stood out: 1. It's paying about $1.25B a month for GPUs to SpaceX, which is also about to IPO. These companies are basically funding each other. 2. It's got a $1.5B copyright settlement hanging over it for training on pirated books. Biggest in US history, and it's not even final yet. 3. The filing is confidential. No actual audited numbers are public. 4. The $47B "revenue" everyone keeps citing is a run-rate, just one month times twelve. Real revenue is way lower. 5. Google owns ~14% but gets no votes. A trust can pick most of the board. 6. As a Public Benefit Corp, the board legally has to weigh "benefit to humanity," not only shareholder returns. 7. Amazon's put in billions and has no board seat either. 8. The founders are all ex-OpenAI. We won't know if $965B is real until the public S-1 drops.

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

Nvidia CEO Jensen Huang just called the idea of AI replacing software engineers "complete nonsense" "The number of software engineers is actually increasing... if you can hire a software engineer and generate $9 trillion worth of productive work, why wouldn't you want to hire more? If that line were flat, then obviously people would hire fewer software engineers. But because the output is so incredible, people want to hire more This is going to show up in our economy somehow, soon. Useful AI has arrived"

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

BREAKING: Nvidia CEO Jensen Huang says AI has created more jobs for software engineers

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝

One side says AI won't take your job. The other is firing you with it. The people who build AI went soft the moment there was a trillion dollars on the table because fear sells the fundraise but calm sells the stock. "I'm delighted to be wrong." The people who buy it didn't get the memo. Cloudflare cut over 1,100 at record revenue and called them "measures." "I need less heads." Blaming the tech beats admitting you over-hired. I guess the doom was the marketing. And the layoffs are the product. 🤝