00:16:54 · Katie Prescott, Danny Fortson
[00:16:54] S3: There was a lot of speculation about what these numbers would show in the run up to the S1 being released. Actually, I think most people are reassured. Most potential investors are reassured by what this shows and quite excited by it. [00:17:09] S2: Yeah. I mean, it's not a share. It's a chance to be part of something greater. [00:17:14] S3: Oh, it sounds great. It's not a transaction, guys. But of course, all of this comes with risks, which is always the most exciting part of these documents. And there are 90 pages of risks. It's a word used two thirteen times. We'll look into that after the break. [00:17:36] S2: Today's episode of the Times Tech Podcast is sponsored by ServiceNow. [00:17:40] S3: ServiceNow describes itself as an AI control tower for business reinvention, connecting people, systems, data, and AI so work flows more smoothly across an organization. [00:17:51] S2: The platform integrates with different clouds, models, and data sources, bringing them together in one place to help your team. [00:17:58] S3: To learn more about how ServiceNow puts AI to work for people, visit servicenow.com.
00:17:58 · Katie Prescott, S0, S5
[00:17:58] S3: To learn more about how ServiceNow puts AI to work for people, visit servicenow.com. [00:18:07] S0: This episode is brought to you by Capital One. Capital One's tech team isn't just talking about multi agentic AI. They already deployed one. It's called Chat Concierge, and it's simplifying car shopping. Using self reflection and layered reasoning with live API checks, it doesn't just help buyers find a car they love. It helps schedule a test drive, get preapproved for financing, and estimate trade in value. Advanced, intuitive, and deployed. That's how they stack. That's technology at Capital One. [00:18:36] S5: What if your at home manicure could last up to twenty one days and you don't need to cure it with a lamp? Hi. I'm Sarah Gibson Huddle, founder of Olive and June, and that is exactly why we created our new dip powder system. You get a strong, salon quality dip mani with up to twenty one days of wear right at home. No lamp and no salon appointment required. Our five step method makes dip approachable and easy to do yourself. And when you're ready for your next mani, it soaks off in minutes with acetone. Salon quality dip from the comfort of your couch while watching your favorite TV show. Starting October 22, dip is officially coming home. Visit oliveandjune.com/perfectmani 20 for 20% off your first oliveandjune.com/perfectmannie20 for 20% off your first system.
00:18:36 · S5, Katie Prescott, Danny Fortson
[00:18:36] S5: What if your at home manicure could last up to twenty one days and you don't need to cure it with a lamp? Hi. I'm Sarah Gibson Huddle, founder of Olive and June, and that is exactly why we created our new dip powder system. You get a strong, salon quality dip mani with up to twenty one days of wear right at home. No lamp and no salon appointment required. Our five step method makes dip approachable and easy to do yourself. And when you're ready for your next mani, it soaks off in minutes with acetone. Salon quality dip from the comfort of your couch while watching your favorite TV show. Starting October 22, dip is officially coming home. Visit oliveandjune.com/perfectmani 20 for 20% off your first oliveandjune.com/perfectmannie20 for 20% off your first system. [00:19:32] S3: So let's go back to Anthropic's IPO document and the risks highlighted in the prospectus, which I think you can sum up broadly as compute, competition, the destruction of humanity, the subsequent reputational issues with that, the fact, as we've discussed before, that there's loads of litigation, and that no insurer, not even all the insurers in the world put together, could cover a potential catastrophic AI attack. [00:19:58] S2: I think reputational damage is the funniest. You're like, if our tools are used in a mass casualty event, this might adversely affect our reputation as a corporation, and therefore our share price. It's like, no kidding.
00:19:58 · Danny Fortson, Katie Prescott
[00:19:58] S2: I think reputational damage is the funniest. You're like, if our tools are used in a mass casualty event, this might adversely affect our reputation as a corporation, and therefore our share price. It's like, no kidding. [00:20:12] S3: Catastrophic or existential risks to humanity, we've heard before from them. I mean, does make you wonder all of those leaks beforehand, whether this was a bit of a just dampening everybody's expectations before it was revealed. Right? [00:20:27] S2: So that's Anthropic. I'm sure we'll be returning to it as as the IPO gets closer. Again, they haven't said in this document how much they wanna raise. Previously, it was leaked around a $100,000,000,000 is what they're trying to raise. This week, Mark Zuckerberg was like, hold my beer. I wanna raise 95 to a $100,000,000,000 for my AI build out. The day before on Sunday, Elon Musk is like, hold my beer. I'm raising $40,000,000,000 in debt to buy GPUs. So between these three companies in the space of twenty four hours, $250,000,000,000, they're telling the markets, this is what we're gonna do. This is what... We're gonna raise this money, this is what we're gonna spend it on. It's really extraordinary. I mean, you know, it'd be interesting to see how... What what institutions decide if they have to decide indeed between one or the other.
00:20:27 · Danny Fortson, Katie Prescott
[00:20:27] S2: So that's Anthropic. I'm sure we'll be returning to it as as the IPO gets closer. Again, they haven't said in this document how much they wanna raise. Previously, it was leaked around a $100,000,000,000 is what they're trying to raise. This week, Mark Zuckerberg was like, hold my beer. I wanna raise 95 to a $100,000,000,000 for my AI build out. The day before on Sunday, Elon Musk is like, hold my beer. I'm raising $40,000,000,000 in debt to buy GPUs. So between these three companies in the space of twenty four hours, $250,000,000,000, they're telling the markets, this is what we're gonna do. This is what... We're gonna raise this money, this is what we're gonna spend it on. It's really extraordinary. I mean, you know, it'd be interesting to see how... What what institutions decide if they have to decide indeed between one or the other. [00:21:18] S3: And also what this does for OpenAI's IPO, as and when and if that comes. It has felt all year that there's been a race between the two of them, who's going to go first, Anthropic sort of overtaken. But are they sort of testing the water for OpenAI?
00:21:18 · Katie Prescott, Danny Fortson
[00:21:18] S3: And also what this does for OpenAI's IPO, as and when and if that comes. It has felt all year that there's been a race between the two of them, who's going to go first, Anthropic sort of overtaken. But are they sort of testing the water for OpenAI? [00:21:34] S2: Yeah. And and, you know, you talk to some people and like, there's only so much money in the world. And then other people are like, well, no, there's plenty. You know, this is like a... This is railroads. This is canals. This is a once in a millennia opportunity. People will find a way to get in, but we'll find out. Right? Because I think OpenAI is now looking at probably early to, next year is what I hear. But, again, they're gonna be raising a whole boatload of money. So... Yeah. [00:22:01] S3: I wonder if it's all... If if it's... If the actual float's gonna happen before Tech Summit. I don't know what's difference. [00:22:08] S2: Is that was like a subtle pivot to plug our upcoming event in London? [00:22:13] S3: Upcoming event, which you are flying over for to cohost. Yeah. And we're gonna have Evan Spiegel from Snap. [00:22:18] S2: November November 10. [00:22:20] S3: That's right. That's right. [00:22:22] S2: Yeah. So we can... You can come hang out for the afternoon in London with me and Katie and Evan Spiegel from Snap and OpenAI and Anthropic and all the great and the good. They're all gonna be there. It's gonna be a really good time. You guys should all come. And where do they get tickets, or where did they find out about it?