20VC: Sam Altman Offers Trump 5% of OpenAI: Fool or Genius? | Alex Karp Sounds the Alarm: Enterprises Fear Frontier Models & Questionable ROI of AI | The Rise of Chinese Open Source: Deepseek Building Own Chips

**Royle Driscoll** (0:00)
It's like rewriting Atlas Shrugged, where John Galt goes to Washington and says, Why don't you regulate me more? Why don't you take more? Why don't you take us, Mr. Mooch, grab some of my stuff? What the fuck are these people thinking, volunteering for this stuff? Madness.

**Jason Lemkin** (0:15)
No one's worried about making their last round, high-priced investors money anymore. Literally, no one is.

**Royle Driscoll** (0:20)
Every technology company either goes bust or lives long enough to become next generation's IBM.

**Jason Lemkin** (0:26)
As an employee today, why would you join something that you don't believe will have secondary options?

**Harry Stebbings** (0:31)
This is 20VC with me, Harry Stebbings. Now, it's my favorite show of the week. Rurio Driscoll, Jason Lemkin, analyzing the biggest news in tech this week. So what are we discussing? Number one, Washington lifts the Fable 5 ban. What does this mean moving forward? Second, OpenAI floats giving the US government a 5% stake. Whoa, Sam, baby, hold up. Number three, Deepseek is developing its own chip. My word. And then number four, MetaCompute launches cloud business. Which caused the stock price to jump 10%.
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**Royle Driscoll** (4:11)
You have now arrived at your destination.

**Harry Stebbings** (4:14)
We are back, boys. I am no longer at the beach in the UK.
There was one comment in the YouTube which goes, Harry is so burnt. And then it goes, he looks like a panda. And I was like, gosh, this this whole holiday vibes thing isn't working.

**Royle Driscoll** (4:29)
You did look like a panda. I mean, you had those great big eyes. Yeah, you look dumb, but that's okay. Sorry.