The Ledger, every show

“I think it could be 10 trillion.”

“Between maybe two and five X would be the two and five X salary.”

“I think it's very cynical for these companies to even try to switch the field of play from business to politics, right? Like, I think that's a very cynical, anti-American thing to do, to be like, okay, we're not going to play and compete in capitalism in a fai…”

“Lazy people always say they're burnt out... But the people that complain about burnout, I think deserve a scarlet L burned into their forehead and don't hire them.”

“Now if you invest one thousand billion dollars today into GPUs for data centers, this means that within five years you are going to lose nine hundred billion dollars, you know. Somebody is going to lose nine hundred billion dollars in the near future because t…”

“And if you play out what they and OpenAI, just the two labs, are on track to do in revenue and call it a year's time I think it'd be reasonably conservative at this point to say they're gonna pass more than three hundred billion dollars a year in revenue, whic…”

“Not a single one of our full-time engineers right now writes code anymore. They do everything through Codex, Cloud Code, or Cursor.”

“We're going to see three trillion dollar plus IPOs over the coming months. It's never happened before. The value of SpaceX plus Anthropic plus OpenAI will be more than all the other tech IPOs combined ever.”

“You can look at the UK and you can look at Germany and you can look at France and you have to ask yourself is the cultural deviation from where they were, has it been better? Or worse for those countries. And I think in general, it has been worse.”

“I think Anthropic is worth three trillion dollars today, and it's very important.”

“They're going to end this year well over a hundred billion.”

“We have open AI and Anthropic. Now they're going to do fifty billion dollars in revenue this year. They're both headed towards trillion dollar IPOs within the next year.”

“What would be terrible for the entire American AI and cybersecurity industries is if the Trump administration defines a jailbreak as having any ability to find any vulnerability in code, because then all of us have to go to Chinese models.”

“And so now, this week, CIs and CTOs are signing contracts to have open weight models on different hosts, on U.S. Hosts. They're not using Chinese hosts, but they're using Chinese models on as backups through LLM routers because political risk Is now a risk of …”

“These models are now solving unsolved math problems and physics problems, right? Really helping people be able to achieve things they couldn't otherwise.”

“In my view, the New York Times is more of like a political propaganda arm than it is doing any real journal, journalism at this point.”

“And I don't think we're headed to that world largely because of the fact that the models rely so much on large scale test time compute. In order to achieve their greatest intelligence. If you, if it requires so much test time compute to unlock the full capabil…”

“I want small high paid teams that work in the office over six days a week. That's I'm not interested in investing in anything else. I'm just not interested. And it's not because I don't have empathy. It's because they're gonna fail.”

“We laid off more than 20% of our team and not because the business was struggling, but, and not because they weren't great team members. But we just need fewer middle managers.”

“I do think in the next six to 12 months, almost every company is going to go through some exercise like this where they're going to cut a bunch of their team.”

“Well, I got, I say it's white collar fraud.”

“There's a lot of collusion in VC. Like, I have a feeling that most VCs actually collude more with competitors than with their own partners.”

“They tried to call Anthropic, They tried to call Dario, and there were a number of conversations, and the TLDR of it is Dario refused, meaning refused their request to take down Fable until this jailbreak could be fixed.”

“Well, the most surprising that I don't learn from my previous job or even training is one day early morning, President Trump asking me to resign and a conflict of interest, and there's no exceptions.”

“These products are not going to be used by you know, a hundred million people. But they will generate revenue that's going to be higher than the advertising revenue of Google or Meta. It's going to happen.”

“It has been set up and structured in a way that with the right construct, you can get an individual appointed, not elected, but appointed to a particular role in government under a, quote, free election in California.”

“This is a foundational destruction of our rights to vote for people in a free democracy.”

“We know something crooked happened. It's statistically impossible. The only thing we don't know is whether it was illegal fraud or legal fraud, meaning they've created so many loopholes and so much corruption in the law that what they did is possibly legal.”

“SpaceX, Anthropic, OpenAI, we'll add in Databricks, we'll have Arsan, one of the co-founders here in about half an hour after this. That's going to create more market value, more value, and more wealth than every other IPO since 2000.”

“I bet there'll be a hundred billion dollar startup acquired in the next 12 months.”

“Anthropics revenue is like nothing we've ever seen. Okay. It'll be at fifty billion in less than four years or four years plus or minus.”

“And I wouldn't be surprised if, you know, going, going, you know, forward, say five years, that, that bot traffic will be a thousand times human traffic online.”

“One of their signature view is anti-anti-Israel and borderline Just, you know, raw anti-Semitism, and from a lot of these candidates now, too, and that's exactly where, where we are and now that has isolated me in the party, and just calling that what that is.”

“But still, I mean, people thought that by the end of the century was a stretch. Now I think it's, like too conservative.”

“I think Google's underrated. I think it's going to be the first 10 trillion dollar company in our lifetime.”

“I think no question within 10 years, most compute will be putting in space, which, to give you a sense, is a lot of money, like trillions, and will be bigger than any of the other space businesses today, comms, earth imaging, this is why we're getting into thi…”

“On the last day of Trump's 45th term, We were certain that he was going to get out, and the Justice Department, for whatever reason, said, if you commute his sentence, we're going to go after you, to the President. So he, as I understand he withdrew the commut…”

“I think it's gonna get very smart fairly quickly. Within the next 10 or 20 years, it may even be producing novel math that people can't understand.”

“And when it comes, we've no idea how to be safe.”

“But right now, I would say we're at about, we're close to AGI, because if I ask a chatbot, I can ask it any question, and most of the time it'll answer at the level of a not very good expert. It'll be much better than me at anything I don't know a lot about. S…”

“Whereas these things are exchanging information at like a trillion bits. So they're kind of billions of times better than us at sharing information. Now that's scary. It means you could have a whole swarm of these things with identical weights running on diffe…”

“I mean, people would think you were crazy if you said this stuff is unsafe, but because it's going to sort of take over from people that said, you're just crazy. Now that's a realistic worry, but it wasn't until fairly recently.”

“An AI agent that can do some reasoning will very quickly realise that it's never going to be able to achieve the goals you gave it if it ceases to exist. So it's going to create the sub goal of continuing to exist. Now, that wasn't something we wired into it. …”

“I could definitely see one of them being a 10 trillion dollar company maybe even significantly higher. It feels Like the opportunity associated with being the frontier model is so large that it will just like eat up so much of the other demand within the econo…”

“If your days off happen to be Saturday and Sunday every week, then you will not have a place at Corgi.”

“That's why I think New York is not a good place to have a company at all. The people that, that move their companies to New York do so because they want to date. And they're, you know, that's the only reason, really real reason why they do.”

“I don't think they think they're writing software. I think they're midwifing a deity here, and I don't know which one I'm more afraid of, the regulatory capture or the second theory I call the Dr. Frankenstein theory.”

“So I'm just curious how you reconcile what you were saying about the costs and everything with just the unprecedented growth that Anthropic has seen and the like flippening with open AI where it has just completely overtaken open AI from a revenue perspective.”