their training costs are a quarter of Open AI. It really feels like the investors in Open

AI got a much worse deal in the last round than the Anthropic ones did. I taught the acquisition

of a TPBN was just insane. I'm going to call bullshit on start to finish on this whole discussion.

Owning a media asset invariably takes way more time than you think for way less money than you

expect. See Jeff Bezos for details. There's no way that deal is going to happen today.

Like it's dead because of management change. The big three, SpaceX plus Open Eye plus Anthropics,

assuming they all IPO, I mean certainly SpaceX will in the next 12 months. Their value at IPO

will exceed every other IPO for the last 20

years. This is 20VC with me, Harry Stebbings. It's my favorite show of the week, Roryo Driscoll,

Jason Lemkin, analyzing the biggest news in tech every week. So what do we have on the agenda this

week? OpenAI reboots management team. Open AI buys TBPN. Anthropic hits

a whopping $30 billion in revenue surpassing Open AI. And then finally, SpaceX finally,

confidentially files for IPO targeting a $2 trillion valuation. But before we dive into the show today, let me tell you about Omni.

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Your team needs insights, not just data lookups, the stuff that really matters, and it's critical to get it right,

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