20VC: Meta's Muse Hits No. 1. ChatGPT Finally Has a Rival | Menlo Sounds the AI Bubble Alarm | Factory Triples Its Valuation to $5 Billion | Keith Rabois vs Airwallex: Who is Right? | Crusoe's $3.9 Billion Round. Is the Data Centre Trade Overheating?

Jason Lemkin (0:00)

It's the first real ChatGPT competitor. Anthropic never really cared about Cloud until recently. Amuse is many things. It's one of the best pieces of software I've used ever, but it's also a Trojan horse to fight ChatGPT because the LM is pretty good. They've trained on all of our data, every YouTube, every piece of open source, every piece of closed source. Of course, they're gonna train on your data. Give me a break.

Rory O'Driscoll (0:21)

There is a zero probability AI will destroy all of humanity.

Jason Lemkin (0:24)

I love the quiet compounders. There's just no market for them anymore.

Rory O'Driscoll (0:27)

Coding is the mother load. It's everything.

Harry Stebbings (0:30)

This is 20VC with me, Harry Stebbings, and it's the show that we all freaking wait for, let's be honest. Jason Lemkin, Rory O'Driscoll, the biggest news in tech. What is going down this week? Anthropic, baby. They pushed the IPO a la poubelle. We have to wait longer. Maybe it's November. Then we have Meta. Alex Wang is delivering the goods. Muse holds number one spot on the app store. They are crushing and handing it to Instinct. Maybe the AI assistant race really is on. Then we have ChatGPT inventor shipping Jev, one of the most popular tools today, becoming Vercel's fastest ever launch. Then we have Lemkin's deep dive with the IC that is Jason Lemkin. Do we put money into Lagora at 11 billion? Do we do Crusoe at a $30 billion price? And then do we do Factory at a $5 billion price? Finally, Airwallex versus Keith Rabois. This show goes on and why Sydney Sweeney should come out as the ambassador for Airwallex. But before we dive into the show today, you have the idea, but with most AI tools, you hit a wall. The setup, the config, the gap between what you pictured and what you actually ship. Well, Base 44 is where that wall disappears. You describe it? Yeah, Base 44 builds it. Apps, websites, AI agents, real working products, built in minutes, using nothing but plain language. And it's all batteries included, the backend, the database, the authentication, the hosting, the heavy lifting is handled, so you just really stay in the flow. This doesn't just take the busy work off your plate, but it gives you an advantage and pushes you past what you thought you could build alone. So in this market, fast is the baseline. To win, you just have to be first. Base 44 is that edge, the move that skips the troubleshooting and gets you straight to the breakthrough. Build your next thing at base44.com. That's base44.com.

While base44 turns ideas into apps, Plaud turns conversations into insights. Founders and operators spend way too much time every week jumping between meetings, investor calls, brainstorms, customer conversations, and then trying to piece everything back together afterwards. And that's why I've been using Plaud. Plaud instantly captures conversations, voice notes, meetings, random ideas with one press, and then turns them into clean summaries, action items, mind maps, and searchable notes that you can actually come back to later Honestly, it feels less like a recorder and more like an AI-powered, like, brain memory system. And the crazy part is the hardware itself. The Plaud Note Pro is literally as small and thin as a credit card. So it's just always with you when something important comes up. There are already more than 2 million founders, operators, investors, consultants, and professionals using Plaud to stay organized. So think more clearly and stop losing great ideas and important details. Go to plaud.ai/20vc and use the code 20VC for 10% off. That's P-L-A-U-D dot A-I slash 20VC and use the code 20VC for 10% off. While Plaud captures the conversation, Fin helps continue it. As AI agents become more common in customer experience, teams often end up juggling multiple silo tools for every job. Well, Fin was built to change that. It's a single unified agent that works across your entire customer experience, from service to sales to success and beyond. Fin is the agent making perfect customer experiences possible for thousands of customers. It's powered by custom models, trained on years of real customer interactions, so it understands the nuance and complexity of customer service better than any other agent. That means faster resolutions, more consistent support, and just better experiences for every customer. It's also designed to be fully self-manageable, so you can easily improve and adapt it as your business evolves. No third parties required. Leading companies like Gamma, Asana, DoorDash, and crypto.com already use and love Fin to deliver better customer experiences. So for a limited time, you can get $500 a month in Fin credits. For your first three months, learn more at fin.ai/20vc.