CoreWeave Crash, AI Trade Cracks, Anthropic IPO Red Flags, Bill Gates Doomer
With guest host Ben Horowitz filling in for David Friedberg, the panel discusses CoreWeave's surging bond yields and debt risks, the capital payback metrics of data centers, and the threat of power shortages. They also evaluate Anthropic's investor day numbers ahead of its planned IPO, push back against safety warnings regarding IoT worms and small language models, and analyze Bill Gates' doomer commentary alongside the physical barriers to recursive AI takeoff.
- Coding assistants now write up to 95 percent of routine code, but David Sacks points out that developer demand is climbing because that remaining 5 percent addresses a vastly larger market. Read →
- CoreWeave operates on a 2.5-year capital payback period across typical five-year GPU contracts, whereas SpaceX and xAI recoup their cluster costs in roughly one year. Read →
- Anthropic released research warning that small language models could self-replicate across IoT hardware, which David Sacks characterized as regulatory fear-mongering to slow open-source momentum. Read →
- Leaked numbers from Anthropic's investor day reveal $16.8 billion in quarterly revenue, which equals more than $5 billion per month, alongside a 900% net revenue retention rate. Read →
- Bill Gates warned publicly that AI is the most dangerous technology humanity has met, claiming it could cause a billion deaths. Read →
- CoreWeave bond yields spiked to 15%, with credit default swap spreads pricing in a 55% probability of default over five years. Read →