20VC: NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants | Cognition Raises at $46BN, Linear $2.5BN and Clay $7BN

**Rory** (0:00)
This intense demand for compute is going to continue for at least another 12 months.

**Jason** (0:05)
If Nvidia is crushing it, everyone's going to crush it.

**Rory** (0:07)
That sound you hear is the Google free cash flow, and the Oracle free cash flow just disappearing down the drain, man. Now would be a good time to panic about cyber.

**Jason** (0:17)
Literally amount of code we're building is 100X. We didn't realize we would all be building compound companies.

**Rory** (0:23)
Again, our job is to sniff out winners, stuff capital into them, and broadly speaking, stay out of the way unless they're literally crashing the car. That's the job in a nutshell.

**Harry Stebbings** (0:32)
This is 20VC with me, Harry Stebbings. Now this is the must listen show every single week. All the biggest pieces of news broken down for you by some of the best ambassadors in the world. That is obviously Rio Driscoll and Jason Lampkin. Now what are we discussing today? Nvidia. They deliver record $96 billion quarter. Jensen hits it out of the park, baby. And Nvidia nears $12.9 billion deal for Hugging Face, the greatest pivot of all time. We then move to Sam Altman, or as the wonderful Elon Musk calls him Scam Altman, as they cut off Cursor and then Mike Schorr's brilliant response, well, it is only 5% of traffic. And then finally we finish on the talk of the town, Instinct, the latest and greatest from Silicon Valley, the AI assistant that has raised at a $2.5 billion valuation and has everyone very excited. This and so much more in today's episode. 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 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.
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**Rory** (4:27)