AI and Software
AI lab funding and valuations
fundraising, valuations, tender offers and IPO plans of AI labs
- Episodes
- 55
- Share
- 5.9%
- Shows
- 44
- Net sentiment
- −0.22
Up from 5.7% of episodes in the weeks before; net sentiment was −0.06.
Bullish 6Mixed 26Neutral 6Bearish 17
5 weeks
Share of each week's episodes, and net sentiment.
0%2%4%6%
Sep 21Sep 28Oct 5Oct 12Oct 19
Net sentiment
−10+1
Sep 21Sep 28Oct 5Oct 12Oct 19
The episodes behind it
Why each one was bullish, bearish or in between. Most time on the theme first.
Bullish 6
- Anthropic's planned IPO at up to $2 trillion valuation is seen as highly anticipated and unprecedented.A Sneak Peek Into Anthropic’s Business · The Journal. · Oct 21
- Strong investor demand and a roughly $2 trillion valuation target for the upcoming IPO signal enthusiasm.Anthropic’s Draft IPO Filing Shows Red-Hot Growth and Big Risks · WSJ Tech News Briefing · Oct 21
- Frontier AI labs' rapid revenue growth justifies very high valuations despite past mispricing.20VC: You Need $1BN To Do Seed Today: The Untold Truths of Venture | Who Wins and Who Loses in the Next Decade of VC | Why Margin and Price Matter Less in a World of AI with Sameer Dholakia, Bessemer · 20VC · Oct 19
- Speaker sees frontier AI labs as huge opportunities despite very high valuations, citing massive market potential.20VC: You Need $1BN To Do Seed Today: The Untold Truths of Venture | Who Wins and Who Loses in the Next Decade of VC | Why Margin and Price Matter Less in a World of AI with Sameer Dholakia, Bessemer · The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · Oct 19
- Utopai's billion-dollar valuation and offers suggest investors are betting strongly on AI-generated long-form content.The Varosity AI GTM Report — Oct 24: Apollo Says AI Has Delivered Zero Payoff Outside Tech · The Varosity AI GTM Report · Oct 25
- Hosts argue a frontier lab reaching cash-flow positive would be worth enormous value, though current losses are large.Uneasy Money: Is the Internet Breaking Because Bots Never Get Lazy? · Unchained · Oct 22
Bearish 17
- OpenAI and Anthropic IPO valuations look far too high versus revenue, and would be roughly halved at public multiples.The AI Bubble Isn't Where You Think It Is · Prof G Markets · Oct 24
- Concentrated, slowing and discount-shopping revenue raises doubts about current lab valuations and IPO prospects.The AI Story Wall Street Doesn't Want to Hear · Plain English with Derek Thompson · Oct 23
- Anthropic and OpenAI valuations appear to be softening ahead of their IPOs, and the IPO market is stalled.The Most Concerning AI Bubble Signals · The AI Daily Brief: Artificial Intelligence News and Analysis · Oct 23
- OpenAI cut its valuation target to $1.25T after weak investor demand and fundraising fatigue.Google’s Potential, AI Money Spigot Shutting?, PHP Bug & Cybersecurity’s “Black October” · Big Technology Podcast · Oct 23
- The planned roughly $2 trillion listing looks stretched relative to projected revenue and losses.#27 - Anthropic’s $2 Trillion IPO and the White House AI Accord Nobody Has to Follow · Signal Podcast · Oct 23
- Anthropic's IPO valuation reportedly cut from $2 trillion toward $1.5 trillion amid weaker-than-expected numbers.Anthropic Has $750 Billion in Commitments… and Just $17 Billion in Revenue · Eurodollar University · Oct 22
Show 11 moreShow fewer
- Anthropic's large losses and slowing revenue raise doubts about its IPO valuation and AI lab economics.Is Nvidia Selling More Chips Than Anyone Can Use? · Prof G Markets · Oct 21
- Anthropic and OpenAI private valuations look stretched compared with public chip and software multiples.Why The Stock Market Is Booming — But Your Paycheck Isn't · Prof G Markets · Oct 19
- Anthropic and OpenAI need large raises or IPOs to sustain valuations, and roadblocks would pressure the trade.Nvidia, Memory & the Next Phase of the AI Trade | Protect the Pile Episode 29 w/ Felix Wang · Hedgeye Podcasts · Oct 24
- Pre-IPO valuation of about $2 trillion is over 400 times 2025 revenue, seen as absurd.(Mis)Anthropic: The Math Ain’t Mathing So Good. · Unf*cking The Republic · Oct 23
- Hosts see irrational exuberance in neolab valuations and cash-burning labs, raising bubble-pop risk.Cybersecurity Panic, Nationalizing AI, The Model Squeeze & Can't Own Anything · Empire · Oct 23
- Anthropic's $450B+ non-cancelable cloud commitments versus slowing revenue growth raise solvency concerns.Amazon Has Warehouses Of GPUs That Can’t Be Installed + Shocking Campaign Allegations | The Tom Bilyeu Show · Tom Bilyeu's Impact Theory · Oct 21
- Anthropic's $2 trillion valuation looks stretched, with slowing growth and secondary trades below it.SpaceX Could Overtake Nvidia, Microsoft & Google in the AI Race · Milk Road Stocks · Oct 19
- Reported IPO valuation cut from $2 trillion to $1.5 trillion amid slowing revenue growth questions.Rogue AI Agents Answer Investigator's Emails: Hashtag Trending · Hashtag Trending · Oct 19
- Anthropic's IPO may reveal true valuation and early investors may be cashing out.Is AI Actually Going to Kill Us? · Hell Money · Oct 21
- Investors chasing AI labs and high-multiple deals create talent and valuation distortions for other software firms.Christina Cacioppo - Building an Enduring Software Company in the Age of AI - [Invest Like the Best, EP.496] · Invest Like the Best with Patrick O'Shaughnessy · Oct 20
- Galloway doubts OpenAI and Anthropic can sustain valuations that assume near-total market dominance.Can OpenAI and Anthropic Justify Their Valuations? + Flock, Privacy, and Plummeting Crime · The Prof G Pod with Scott Galloway · Oct 19
Mixed 26
- Anthropic's leaked financials and valuation pushback versus OpenAI's rushed raise show investor skittishness.How AI Is Changing What Work Means · The AI Daily Brief: Artificial Intelligence News and Analysis · Oct 21
- OpenAI's round was repriced lower to $1.25 trillion, signaling some investor pushback while still a record valuation.Oct 23: Holes in OpenAI's Agent Monitor; Claude Proves No Crashes · Valley Morning Briefing · Oct 23
- OpenAI's private round was cut from $1.4T to $1.25T valuation, with hosts debating fair pricing and deal terms.OpenAI’s $1.25T Raise, Starlink Mobile & Zuck’s Tax Deal | EP 2354 · This Week in Startups · Oct 24
- Anthropic's revenue growth is strong, but its planned IPO and huge compute spending create uncertainty.What’s News in Markets: Meta’s AI Bill, IBM’s Comeback, Musk Explores Merger · WSJ What’s News · Oct 24
- OpenAI's round is reportedly softer than prior rounds, though still large and ahead of an Anthropic IPO.OpenAI’s Next Round, SpaceX’s Big Plans, & Reforming the MBA Program 10/23/26 · Squawk Pod · Oct 23
- Anthropic's IPO valuation is debated, with strong growth offset by variability in revenue and market share.20VC: Trillion or Bust: The New VC Game | Coreweave Sell-Off Creates Panic | Town at $1B, Anduril at $90B: Revenue Multiples Out of Control | General Atlantic Eyes IPO & Modal Raises $750M at $15.75B · 20VC · Oct 22
Show 20 moreShow fewer
- Anthropic's pre-IPO valuation talk fell from $2 trillion to $1.5 trillion, while its public benefit fund is a reputational positive.Oct 19: OpenAI's agents break in again; Claude solves the NSA curve mystery · Valley Morning Briefing · Oct 19
- Anthropic's draft IPO filing shows fast revenue growth but very large projected compute costs.What’s News in Markets: Meta’s AI Bill, IBM’s Comeback, Musk Explores Merger · WSJ Your Money Briefing · Oct 24
- Anthropic's draft S-1 shows large losses and a possible IPO, with the market's reception still unclear.9AM HOUR: SpaceX Surges on Q3 Beat and Musk Comments on Potential Tesla Merger, Netflix Slides 10/21/26 · Squawk on the Street · Oct 21
- Hosts question whether valuations hold, weighing OpenAI's $1.4 trillion round against possible Anthropic markdowns.Unrest in Europe & LeBron’s Season Debut 10/20/26 · Squawk Pod · Oct 20
- Anthropic and OpenAI IPO and valuation plans are seen as possibly talked-up, with valuation expectations falling.Is The AI Trade Over? | Jack & Max on Panic in AI Credit, SpaceX Earnings, and Semis · Monetary Matters with Jack Farley · Oct 20
- Foundation labs have grown faster than expected, while few application companies have scaled to large revenue.The 20-Year Bet to Make Fusion Energy Work | Jeff Lawson · Grit · Oct 19
- Anthropic's pending IPO and its contested supervoting share plans create both upside and governance risk.The AI Wealth Problem · The AI Daily Brief: Artificial Intelligence News and Analysis · Oct 19
- Anthropic's pledge to commit shares to a public benefit fund is seen as a possible positive, with details unclear.Squawk on the Street 10/19/26 · Squawk on the Street · Oct 19
- OpenAI and Anthropic are held as long-term bets with uncertain durability and exit paths.Which Businesses Will Survive AI? | Michael Dempsey · Empire · Oct 19
- Anthropic IPO and 5% benefit fund raise governance and dilution questions.11AM Hour: EQT Chairman, TD Bank Vice Chair & Anthropic Gets Philanthropic 10/19/26 · Squawk on the Street · Oct 19
- Anthropic's large compute commitments and IPO valuation create uncertainty for investors, though revenue is growing fast.The Stock Market LOSES 2 TRILLION, SpaceX and Meta CRUSH, Is CoreWeave Going Under | Basis Points · Basis Points · Oct 24
- Anthropic's 5% share pledge is worth roughly $100 billion, but the fund's control is debated.Musk Gives SpaceX Shares to 73M Kids, Anthropic $100B Promise & ASML Ties CEO Pay to Employee Morale · Future Ready Leadership With Jacob Morgan · Oct 23
- Investments in Anthropic and OpenAI were defended as strategic partnerships, though critics compare them to dot-com excess.Amazon CEO Andy Jassy on Why Amazon Is Investing $220 Billion in AI · The a16z Show · Oct 23
- Anthropic's public benefit fund raises questions about its safety commitments and upcoming IPO interest.ThursdAI - Oct 22 - AI finds all the vulnerabilities, Claude Duet, DeepSeek drops Infer & more AI news · ThursdAI - The top AI news from the past week · Oct 23
- Frontier lab businesses are magical but success is not guaranteed, and some may fail or be acquired.Satya Nadella on chasing frontier labs, “SI,” & succession at Microsoft · Future Proof from Semafor Technology · Oct 21
- Anthropic's large loss is mostly non-cash accounting tied to convertible bonds, while revenue and compute spend matter more.OpenAI's Agents Switched Off Their Own Safety Monitors (Oct 21, 2026) · AI Unraveled: Enterprise Strategy, Agentic Systems, Daily AI News, ChatGPT, Gemini, Claude, DeepSeek · Oct 21
- Anthropic's growth slowed sequentially, raising questions about its roughly $2 trillion IPO valuation.Meta and Google Rejoin the Frontier, Microsoft's Maia 300, and the AI Credit Scare | The Six Five Pod Ep. 324 · The Six Five with Patrick Moorhead and Daniel Newman · Oct 19
- OpenAI raising near a lower valuation signals tougher private funding conditions ahead of its IPO.10AM Hour: Apple's Foldable Future, SpaceX Shakes Up Telecom, OpenAI’s New Valuation 10/23/26 · Squawk on the Street · Oct 23
- Data labeling firms depend on lab revenue, raising doubts about whether enterprise demand will replace it.AI for the Fortune 2000: How Tenex Builds an AI-Native SDLC — Alex Lieberman & CJ Hess · Latent Space · Oct 21
- Anthropic's filing shows massive losses and compute commitments alongside rapid revenue growth and an IPO path.Calm Down Markets, Trevor Milton Has A Plane to Sell You, Jay Leno Live in The Ultradome | Alex Niehaus, Alex Blania, Nate Rempe, Connor Sweeney, Jay Leno · TBPN · Oct 20
Neutral 6
- Discussion centers on Anthropic's rumored IPO valuation and the equity it is committing to the public.Why Anthropic Is Giving Away 20% of Its Equity (And Why Everyone's Mad) · In the Loop AI · Oct 20
- SpaceX acquired Cursor for $60 billion during the quarter, a factual deal reference.Drill Down Earnings, Ep. 481: Space Exploration Technologies Q3 earnings – ($SPCX) – A Deep Dive with Cory Johnson · The Drill Down · Oct 20
- Musk's SpaceX share pledge and Anthropic's public benefit fund are reported factually.Trump open to Putin-Xi meeting; France enforces curfews, and more · The World in Brief from The Economist · Oct 20
- Instinct's billion-dollar raise at a $10B valuation is noted, with no product in public use yet.AI Agents Are Reshaping Legal Work: What Lawyers Need to Know · AI and the Future of Law · Oct 20
- Discussion of Sam Altman's comments and AI companies' wealth, presented factually.Who owns AI-generated Tung Tung Tung Sahur? · Raising Generation AI · Oct 19
- Brief mention of a large AI company soon going public, which may help markets compare AI-native firms.Klaviyo · BIG IDEAS BY NEW ECONOMIES · Oct 22
Around it
Companies named
- Anthropic 47
- OpenAI 27
- SpaceX 5
- Harvey 1
- Sierra1
- Fireworks1
Shows that covered it most
- Squawk on the Street4
- Prof G Markets3
- The AI Daily Brief: Artificial Intelligence News and Analysis3
- 20VC2
- Empire2
- Valley Morning Briefing2
Travels with
Themes in the same episodes, against chance.
Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.
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