Rebecca Torrance

Anthropics growth this year has been remarkable, Ed.

And so understandably, you have some employees that are seeing the valuation that got done at this most previous round, which is $350 billion before the new money, and saying, okay, that doesn't look quite high enough for what the growth of this company has looked like.

Anthropic just announced earlier this week it has exceeded a $30 billion revenue run rate.

And so investors had lined up about $6 billion for the share sale, but it came in significantly undersubscribed with employees not trying to unload just yet.

It's remarkable.

Honestly, nearly every single conversation I've had at this conference has included an unprompted mention of Anthropic.

It's become the benchmark for a lot of investors and startups to measure themselves against and for investors to evaluate startups against, both in terms of the growth that it's seen, but also where can startups fit into the market that Anthropic is unlikely to touch.

As of now, Anthropic has really dominated in the AI coding space, but there's projections that it may look

to expand into financial services and other areas.

And especially with the release of a new AI model earlier this week, which had said it was too powerful to be released to the broader public.

It's got some founders shaking in their boots a bit.

Lots of people there.

There were, I want to say, about 7,000 people or so on the ground.

Full conference hall and just AI all the time.

Founders running around trying to pull you into their booth.

Tons of interesting conversations happening left and right.