00:18:51 · Erin Griffith, Max Read
[00:18:51] S3: I mean, it is sort of like a demystifying moment because we have, you know, seen these companies in the private market get these trillion dollar valuations in such a short time. And it's kind of being set by, like, a handful of VCs. Right? And so, like, yes, VCs believe in the in this company, but they also believed in the metaverse and like a lot of crypto stuff. And that that has not worked out. And so this will be the first time that we have like Wall Street and public market investors and, you know, pension fund investors, all all the professional money managers, like, modeling out the financials of this company and deciding whether it's worth investing at a true $2,000,000,000,000 valuation or maybe 1,500,000,000,000. And so that's part of it is like we're actually going to see, like, some some real evaluation of of the company. Although, I guess you could also argue that Wall Street sometimes invests on hype and momentum too as we've seen many stocks. So like, who knows? But in general, this is like a time when we're finally getting, like, to look inside the business that's underlying the AI boom and decide whether or not it is, you know, a valuable contributor to our economy because there are a lot of people out there that that think it's not. [00:19:54] S1: Yeah. So what are you looking for in the weeks after the IPO?
00:19:54 · Max Read, Erin Griffith, Mike Isaac, S0
[00:19:54] S1: Yeah. So what are you looking for in the weeks after the IPO? [00:19:59] S3: Whether or not AI kills us all. Big question still on everyone's mind. You know? I I doubt that that's gonna be talked about too much on the roadshow. I mean, I... I'm sure that there are some advisers at Goldman and Morgan Stanley who are... Who have been telling Dario, like, let's let's let's reel it back on the on the old extinction talk. [00:20:19] S1: Mean, should I invest in a company that has a 10% chance of killing everybody? [00:20:24] S3: I mean, it's in the risk factor, so you can't say they didn't warn you. [00:20:27] S1: There was a Wall Street Journal headline arguing... The headline is the bull case for AI Armageddon for investors mulling [00:20:34] S4: Bull case. Exactly. Bull case. [00:20:36] S1: For investors mulling the Anthropic share offering a 10% chance of extinction, maybe a 90% win for your portfolio. I... How can you argue with that, really? If you're gonna die, you're gonna die. But if you can Die right bitch. Yeah. Exactly. Erin, thank you for coming into the studio and talking to me at Anthropic. We're gonna take a break, and then we'll be back with Mike Isaac and Jasmine Sun to talk about the rest of the week's news in tech. [00:21:26] S0: More AI tools don't necessarily mean better results, not when the context behind your work is disconnected. Here's Jose Ramirez, Executive Director of Enterprise Agility at Kaplan, the educational services company.
00:21:26 · S0, Mike Isaac, S5
[00:21:26] S0: More AI tools don't necessarily mean better results, not when the context behind your work is disconnected. Here's Jose Ramirez, Executive Director of Enterprise Agility at Kaplan, the educational services company. [00:21:38] S4: A plunge and implementation of AI is definitely the best. It's really embedded in the tool, and the friction is really, really low. [00:21:47] S0: Atlassian brings your team's knowledge and work together, giving AI the context it needs to help you get more done. For more, go to atlassian.com/teamworkgraph. That's atlassian.com/teamworkgraph. [00:22:00] S5: AI spend is growing fast, but most businesses still can't see exactly where that money is going. Ramp gives businesses visibility and control across AI providers with real time guardrails by team and model, helping ensure spend goes to the highest ROI areas. Stop guessing where your AI spend is going. Get started with Ramp. And if you're new to Ramp, you can get $250 off at ramp.com/hardfork. Go to ramp.com/hardfork.ramp.com/hardfork.
00:22:00 · S5, Max Read
[00:22:00] S5: AI spend is growing fast, but most businesses still can't see exactly where that money is going. Ramp gives businesses visibility and control across AI providers with real time guardrails by team and model, helping ensure spend goes to the highest ROI areas. Stop guessing where your AI spend is going. Get started with Ramp. And if you're new to Ramp, you can get $250 off at ramp.com/hardfork. Go to ramp.com/hardfork.ramp.com/hardfork. [00:22:32] S1: It's time to innovate at the speed of AI without compromising control. That's OutSystems. Take a look at what happened with one global retailer during a period of massive expansion. They used OutSystems to build AI agents to automate invoicing and translation processes, shifting 95% of their daily store operations to a new digital app, saving thousands of hours of manual work. OutSystems gives you the flexibility to deploy how you want and the governance to do it safely. Own your agentic future. Learn more at outsystems.com/nyt. That's outsystems.com/nyt. We're back with Erin Griffith and joined by tech writers Mike Isaac and Jasmine Sun. Mike and Jasmine, we were just talking about the Anthropic s one. Mike, what was your big takeaway from the filing?
00:23:21 · Mike Isaac, Max Read
[00:23:21] S4: I thought it was, like, way front loaded with rosier sort of paintings of AI at the top compared to the past. You know? Like, I I... You guys tell me, but I feel like Dario Amodei is painted as, like, the the biggest, like, doom and gloom guy of AI in the valley. And my perception was everyone around him was like, hey. You need to, like, pump the brakes on this a little bit, especially as we're getting the average person or trying to get the average person excited about it. So, like, the whole top was like, hey. By the way, we do wanna cure cancer. We do we do wanna, like, create these amazing drugs. And then, like, they back into... Oh, and it has, like, a, you know, ten percent chance of blowing up the entire world, basically. But I don't know. Someone told me jazz hands a little bit at the top. Right? [00:24:08] S1: Yeah. I mean, [00:24:09] S4: how much do you think [00:24:09] S1: it was, like, worked over? Like, I I I was interested that the the adjective they use at the very top is... He says, we believe that AI is one of the most consequential technologies in human history, which is a very funny neutral adjective. Right? Consequential goes a lot of ways, and it's not necessarily how I would be selling my product. [00:24:26] S4: We should do, like, a real close reading of all the language in this because I do feel like Dario is, like, definitely a micromanaging control control enthusiast, let's say. And and, like, every word probably has a few different nested meanings in there for sure.
00:24:26 · Mike Isaac, Max Read, Jasmine Sun
[00:24:26] S4: We should do, like, a real close reading of all the language in this because I do feel like Dario is, like, definitely a micromanaging control control enthusiast, let's say. And and, like, every word probably has a few different nested meanings in there for sure. [00:24:43] S1: Jasmine, what was your big takeaway from the s one if you had one? [00:24:46] S2: Yeah. I mean, kinda similar to what Mike said. I was just thinking about how Anthropic has a very odd relationship to money and being a for profit company. Like the founders, when they broke off from OpenAI, they spent a bunch of time debating whether they should be a nonprofit or a for profit. Of course, they have invented some crazy multilayered governance structure as they all do, which is something they reinforce a lot in the letter that the founders have pledged 80% of their equity to charity. The employees have all this interesting matching. There's a famous culture fit interview that all of the Anthropic employees go through where they say, hey, would you work here if your equity went to zero? And they make sure that everybody says yes before they accept the job. And so mostly it just made me think about how weird they are about like the status of being a sort of profit seeking corporation. [00:25:33] S1: I know. I can only imagine what the meetings with the bankers were like, [00:25:36] S4: you know. [00:25:36] S1: I mean I mean, I assume the meetings with the investors are very similar.