20VC: Andrej Karpathy Joins Anthropic & Anthropic Raises $30BN at $900BN Price | SpaceX Files S1: How Does it Trade | Cerebras Smashes Day 1: What it Means for IPOs | Why Mass Layoffs Are More Worrying Than Anyone Sees

**Rory O'Driscoll** (0:00)
As it's becoming painfully clear now, no one in America, other than us here in California, likes the AI trend. We have people who are brilliant scientists, who politically are utter morons. And the people who are utter morons at AI, but brilliant at politics, are going to have us for lunch. At least when MEDA was busy destroying the world, they were smart enough to pretend it was all about bringing friends together and not destroying democracy.

**Jason Lemkin** (0:22)
We're going to have to reflate and hire thousands and thousands of people per tech leader to avoid social unrest. We see no signs that there's a short-term crash coming.

**Harry Stebbings** (0:32)
This is 20VC with me, Harry Stebbings. It's my favorite show of the week. Rory O'Driscoll, Jason Lemkin, analyzing the biggest news in tech. Starting off, Andre Karpathy joins Anthropic, an Anthropic Eye, a $900 billion evaluation for their latest fundraise. Then we dig into the public markets. Data Dog up 31%, Figma up 12%.
What happens from here? Next, we have Cerebras IPO, smashes expectations and breaks the $300 mark. And then finally, SpaceX, they set June 12th for the largest IPO in history, $1.75 trillion market cap, raising $75 billion.
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**Rory O'Driscoll** (3:58)
You have now arrived at your destination.

**Harry Stebbings** (4:01)
Boys, it is so good to be back. So we're going to kick off with our This Week in Anthropic. We have two. We have Anthropic in talks for $30 billion at above a $900 billion price, nearly tripling from $380 billion in February. Greeno, Sequoia, Altimeter, Dragoneer. And then yesterday, we had Andre Karpathy announcing that he was joining Anthropic. Over to you. How did we read this news?

**Rory O'Driscoll** (4:26)
Well, I did divide up the two. I mean, the financing, yes, they can pick their price. They can pick their investors. They can tell the amount and they can tell Evan to jump and Evan will say, how high, sir? It's all happening. They're going to raise $30 billion. We discussed. Obviously, the question is, you know, how those folks pencil out the return.