20VC: Jensen's Open-Weights Letter | Travis Kalanick Raises $1.7B for Atoms | Google Cloud Grows 82% But The Market Tanks | Francisco Partners Raises $21BN | Etched Raises $300M to Take on Nvidia
episode
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
1h 17m
3 speakers
4 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Everyone's business model gets a lot better if the two frontier labs can't extract about $100 billion of revenue this year from the businesses. The more you believe they're massively dangerous, the more you believe you're building the bomb here, the more the entropic position feels principled.
I think these models are very risky. And I think it's an argument to keep the open weight out of the US. And now you want me to bring Kimmy and Quinn in? No way is the CIO going to allow it. That is banned, right?
If you're willing to run Fable, would you be willing to run a red-blooded American openweight model?
Every company in the next 24 months will have a security breach due to an LLM agent. Every single company. And they've already had it and they're not disclosing it.
People are just getting mildly scared about the bet. Anyone who has capital and can build compute can sell compute.
And the Boring Company to me is crazier than Adams. Anybody not working at least as hard as Mark Benioff is just not going to make it.
This is 20VC with me, Harry Stebbings, my favorite show of the week. This is the only show you need to listen to every week. Rory O'Driscoll, Jason Lemkin, analyzing the biggest stories from the land of tech every single week. So what's on the agenda today? Number one, Jensen Huang breaks his silence on X. First Zark, now Jensen. God, the tidal wave of leaders joining X. With, check this out, a 50-company open weights letter that, dun-dun-dun, Anthropic and Dario has not signed. Naughty boy. In the same week, Anthropic ships Claude Opus 5, cutting it price by half. Then Travis Kalnick is back, baby, raising $1.7 billion for Atoms. And then we break down Google, accelerating cloud to 82%. Yet... They post their first ever negative free cash flow and the market shits the bed.
What should we read from this? This and so much more in the show today. But before we dive into the show today, what's one thing in business that's spreading as fast as AI? AI risk. Every new tool your team signs up for, every vendor that turns on AI features, every new integration, each one, I'm sorry to say, is an opportunity for something to go wrong. and most security programs weren't built for AI's pace of growth. Well, that's where Vanta comes in. Vanta is the number one agentic trust platform used by over 16,000 fast moving companies like Ramp, Cursor, Harvey and more to ensure they're always audit ready. And now Vanta's helping companies like yours watch for the risks that show up between audits across your vendors, your AI tools and your whole environment.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–4:50
2
Why did Jensen Huang publish the open-weights letter and who refused to sign it?
4:50–37:29
3
What happened in the OpenAI–Hugging Face cyber incident and why does it matter?
37:29–1:03:32
4
How could US open-model policy and regulatory capture impact competition with China?
1:03:32–1:17:29
Speakers
3 identifiedMore from The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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