Davis.SOL

Venture Capital
My Biggest HODL's- BTC, SOL, ETH

[dnap @dnapway]

David Sacks says Anthropic is creating the most powerful monopoly of all time

"I remember last year when I hit them for regulatory capture, people were like, 'why are you beating up on this little startup?' I'm like, 'because I can see where it's going.'"

"They are creating the biggest, most powerful monopoly of all time. Again, they're going to end the year with over 100 billion of ARR growing 10x year over year."

"Google is at 400 and something billion of ARR growing 20%. So if this rate of growth continues for just a year or even six months or just a few months, Anthropic is going to be maybe the most valuable tech company."

"The labs are reporting a number of examples of how they are using their own frontier intelligence to improve their own models and the efficiency of those models. So there is a powerful self reinforcing feedback loop here."

[Anthony Pompliano 🌪 @APompliano]

The internet generation didn’t invent the phrase “BTFD” by accident.

Stocks are down, so you know what they will be doing this week.

[TickerTrends 🔬 @tickerplus]

We’re tracking Anthropic ARR at $74.3B as of July 22, with the pace of growth beginning to slow.

Yipit estimated $69B on July 10 and is expected to update tomorrow. Anthropic has not publicly confirmed a figure since its $47B run-rate disclosure. @jukan05

[GURGAVIN @gurgavin]

*AMD AND ANTHROPIC SIGN A MULTI-BILLION DOLLAR CHIPS AND INVESTMENT AGREEMENT PER WSJ

*AMD WILL INVEST $5 BILLION INTO ANTHROPIC AS PART OF THE DEAL

*ANTHROPIC WILL BUY UP TO 2 GIGAWATTS OF AMD CHIPS

AMD INVESTS IN ANTHROPIC, ANTHROPIC USES THE MONEY TO BUY AMD CHIPS

PROFIT ?

[David Sacks @DavidSacks]

OH: “i’ve switched to Kimi from claude for a bunch of work. it’s just so much more fun because it just does the thing instead of lecturing you”

Woke lobotomized models are the enemy of American competitiveness.

[Kalshi @Kalshi]

JUST IN: Meta reportedly in talk to lease computing power to Anthropic in $10 billion deal

[unusual_whales @unusual_whales]

BREAKING: Anthropic to IPO as early as October, per Bloomberg.

[Coin Bureau @coinbureau]

LATEST: Anthropic is reportedly considering an IPO as soon as October, potentially listing before OpenAI and DeepSeek.

The company is working with Morgan Stanley, Goldman Sachs, and JPMorgan, per Bloomberg.

[Brad @BradleyKellard]

Jeff Bezos: "I've created $2.1 trillion of wealth for other people."

"Somebody needs to make a list where they rank people by how much wealth they've created for other people."

While talking about his net worth, he floated an idea that flips the whole concept of a "rich list" on its head.

He did the math live, right there on stage.

"Amazon's market cap is 2.3 trillion today. I own about 200 billion of it."

"So if you take 2.3 trillion and subtract out the piece I kept for myself, then I've created something like $2.1 trillion of wealth for other people."

That's not a typo. Trillion, with a T and it's not even his money.

"That should put me pretty high on some kind of list."

He didn't stop at himself, either. He immediately named who else deserves a spot at the top.

"People like Jensen, Nvidia, he's going to be very high on that list."

"That would be a pretty cool list. Somebody should do that list."

[The Vigilant Fox 🦊 @VigilantFox]

Billionaire investor Chamath cuts straight through CNBC's Andrew Ross Sorkin with a raw reality check he doesn't see coming on live TV.

Sorkin was pressing the panel on the "empirical math," arguing the economy looks worse since Biden left office.

Chamath told him straight up to "thank the lucky stars" that under Trump, we have the luxury to debate economic numbers at all, instead of the "19 pronouns" we used to state before our name.

CHAMATH: "I think it's important to take a step back and realize you're making a very specific, numerically grounded comparison about what your opinion of President Trump is."

SORKIN: [Defensive] "It's not my opinion."

CHAMATH: "I'm just saying you can make a numerical comparison. Imagine if we were sitting here and we'd have to first declare 19 pronouns, and we'd have to talk about the DEI. I'm here because I'm a Sri Lankan immigrant that grew up on welfare. I have to tell you my whole sob story. Where we were going was not a place that was oriented around productivity. It was around THEATER!"

SORKIN: "I'm not disagreeing with that."

CHAMATH: "I'm saying you have some valid points about where GDP could be or could not be. You should thank the lucky stars that [numbers] are what we're debating right now."

SORKIN: "And that's a fair argument on that side, too!"

[Deedy @deedydas]

Every single AI startup with $500M+ revenue run rate (excluding the big 3 labs):

Lovable - $500M
ElevenLabs - $500M
Perplexity - $500M
Manus - $500M*
Cognition - $500M*
Kling AI - $500M
Crusoe - $500M*
Midjourney - $500M*
Higgsfield - $500M
Lightning AI - $500M+
Replit - $525M*
Baseten - $600M*
Lambda - $760M*
Fireworks - $800M*
Together AI - $1B
Surge AI - $1.4B*
Scale - $2B*
Mercor - $2B**
Cursor - $4B

22 total companies (including big labs)

*estimated / unconfirmed
**gross marketplace volume, not net revenue

[Anthony Pompliano 🌪 @APompliano]

Another insane one is when people use a calculator on their phone to compute a tip. Just give the server a few extra dollars than you think the math works out to and move on with your day knowing you did something nice for someone

[Anthony Pompliano 🌪 @APompliano]

I never trust a man that wants to split a check at dinner.

[Shay Boloor @StockSavvyShay]

Humanoid robots were used to complete two surgeries for the first time in a UC San Diego preclinical trial.

Researchers say the milestone could eventually expand surgical access in remote or understaffed areas where specialist surgeons are limited.

[Boring_Business @BoringBiz_]

“So you get paid $150K/yr just to forward emails from your boss to Claude, and then send those responses back to your boss?”

[Brycent @brycent]

Venture Capital is just prediction markets for ambitious people.

[Bull Theory @BullTheoryio]

🚨 SEMICONDUCTORS JUST HIT A LEVEL ONLY SEEN BEFORE THE 2000 CRASH.

Semiconductors now make up 19.7% of the S&P 500.

They were 2% in 1995.

At the dot-com peak in 2000, semiconductors hit 8% of the index before crashing 82%.

Today they sit at 19.7%, more than double that peak, the highest single-sector concentration in 30 years of S&P 500 data.

The Philadelphia Semiconductor Index was also trading 65% above its 200-day moving average yesterday, a level only seen once before in history, right before the dot-com crash.

Michael Burry just opened short positions on Nvidia, Applied Materials, and SOXX, citing exactly this concentration. He said SOXX trades at over 16x sales and the setup mirrors 2000 in almost every measurable way.

The earnings picture is shifting too. Nvidia beat Q1 estimates by 18% in 2025. The most recent quarter, the beat was just 4%. The era of massive upside surprises is compressing fast as expectations catch up to reality.

Meanwhile the rest of the market is quietly doing well.

The median S&P 500 stock is tracking 25% earnings growth in Q2. Small caps are up. Equal-weight indices are outperforming. The broadening is already happening, most investors just aren't positioned for it yet.

19.7% in one sector with stretched valuations, compressed earnings beats, and the most crowded positioning in 30 years is a warning signal.

[Claude @claudeai]

Introducing Claude Sonnet 5, our most agentic Sonnet yet.

It makes plans, uses tools like browsers and terminals, and runs autonomously at a level that just a few months ago required larger and more expensive models.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 US government officially lifts worldwide export restrictions on Anthropic's Claude Fable 5 AI model.

[The All-In Podcast @theallinpod]

Gavin Baker: “I think Anthropic is worth $3 trillion today.”

Gavin laid out the case on the most recent All-In Podcast:

– They will end 2026 with over $100B in revenue

– They will likely end 2028 with $200-$300B in revenue

– At that scale, Anthropic will be very profitable because compute will be inference-dominated

– Anthropic reportedly has 85% gross margins on inference

– The market has already absorbed Anthropic’s valuation, it will just shift from private to public

@Jason:

“I'm sorry, did you say Anthropic is worth $3 trillion?”

Gavin:

“Yeah, I think that is roughly where it would probably trade as a public company.”

Travis Kalanick:

“Wow. Oh man. Holy sh*t.”

Gavin:

“They're going to end this year with well over $100 billion (in revenue). So what's the '28 number? Is it $200 billion? Is it $300 billion?”

“It's probably not going to trade at 10 times that number, and it will be very profitable at that scale because it'll be inference-dominated and people are reporting they have 85% gross margins on inference.”

“But in terms of the market absorbing this, like the market's already absorbed it. It's just shifting from private to public.”

“And so in the scale of global capital markets, these seem like really big numbers, but you're just moving from the private markets to the public markets, which are even bigger.”