AGENDA: 00:00 – Apple SUES OpenAI: Did They Steal Apple&#x27;s Biggest Secrets? 05:10 – Is OpenAI&#x27;s $6BN Hardware Bet Already Dead? 12:50 – Zuckerberg Is Back: Meta Finally Takes On OpenAI 18:05 – The AI Spending Bubble Nobody Is Talking About 23:45 – Claude Is Coming for Designers, Product Managers &amp; Figma 27:15 – Anthropic&#x27;s $50BN Explosion: Have We Already Hit AI&#x27;s TAM? 36:00 – The $26BN AI IPO Powering the Entire Industry 40:00 – Seed Investing Is Dead? Jason Calacanis Changes Strategy 57:00 – SaaS Is in Trouble: AI Is Accelerating Terminal Decay 01:15:00 – Why Greylock Said No to Billions of Extra Dollars

20VC: Apple Sues OpenAI | Zuckerberg Back on X and Challenging Codex and Claude Code | SK Hynix's $26BN IPO | Is Seed Investing Dead: Jason Calacanis Departs Seed for Growth | Greylock Raises New $1.5BN Fund

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

To some extent, it may have been a distraction for OpenAI that they were so successful in consumer. If this was a mercy killing, Apple may have done them a favor. If there was action on threads, Harry, you'd be there. Action on Mars, Harry, you'd be there. Every company with a CIO who's half awake is going to have a cheap token model to hand to stop this madness. Shit, I'm putting everyone out of jobs. The least I can do is keep them alive. Treason does not succeed, but what's the reason? If it does succeed, no one calls it treason.

In the early stage when you're on the board, you can't invest in two competitors. In the late stage structurally, you have to. If you don't want to be worth 1x, like do something before it's too late, man. This is 20VC with me, Harry Stebbings. It is your weekly listen. Everything you need to know that's gone down in tech this week. Rory O'Driscoll, Jason Lampkin and me are pining on the agenda for today.

So, number one, Apple sues OpenAI for trade secret theft. Number two, Meta fights back on the coding model front and Zuck is back on X. And then number three, SK Hynix prices a $26.5 billion NASDAQ listing, bringing the compute and infrastructure layer to the public domain. But before we dive into the show today, what's one thing in business that's spreading as fast as AI?

AI risk. Every new tool your team signs up for, every vendor that turns on AI features, every new integration, each one, I'm sorry to say, is an opportunity for something to go wrong. And most security programs weren't built for AI's pace of growth. Well, that's where Vanta comes in.

20VC: Apple Sues OpenAI | Zuckerberg Back on X and Challenging Codex and Claude Code | SK Hynix's $26BN IPO | Is Seed Investing Dead: Jason Calacanis Departs Seed for Growth | Greylock Raises New $1.5BN Fund

Read the full transcript

The candid version is on a podcast,
not the earnings call.

20VC: Apple Sues OpenAI | Zuckerberg Back on X and Challenging Codex and Claude Code | SK Hynix's $26BN IPO | Is Seed Investing Dead: Jason Calacanis Departs Seed for Growth | Greylock Raises New $1.5BN Fund

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.