20VC: Cognition vs Factory: Vinod Khosla Creates a Storm | OpenAI Nears $70B Run Rate: Anthropic Under Threat | ElevenLabs Doubles Its Valuation to $22B & Salesforce Buys Listen Labs for $2B

OpenAI's reported $70B revenue run-rate reaccelerates its race with Anthropic just as both face new open-weight and agent-driven competitive pressures.

• OpenAI's reacceleration: OpenAI's gap revenue allegedly hit a $70B run rate, implying Q/Q growth reaccelerated from 18% (Q1Q2) to a much higher rate, versus Anthropic's reported $6.8B-vs-$11B gap in Q2; panel awaits Anthropic's Q3 number ahead of its reported mid-November IPO filing.
• Factory vs. Cognition dispute: Factory CEO Matan publicly barred former Snowflake sales leader Chris Degnan, a board observer, after Degnan took the CRO role at rival Cognition; guest Dev Ittycheria called it unprecedented for a CRO to flip to a direct competitor.

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