Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero?

In the early stage, you're taking uncorrelated business risk and in the late stage, you're taking 100% correlated valuation risk. If the growth is there for one more year, it looks cheap. Now, this week, we have a lot to cover. Anthropic's $10 billion fund raise, XAI raised $20 billion, and Dre and Horus raising $15 billion. I would be nervous if I was a 27 billion precursor investor, but they've created something amazing. >> If you're open AI, are you not slightly nervous? you're being eaten away by anthro ...