The All-In hosts dissect Anthropic's S-1 ahead of a targeted $100B IPO (ticker ANT), then turn to Google's post-earnings selloff and midterm predictions. Sacks, Chamath, Freeberg and Jason Calacanis weigh in.
Anthropic posted $16.3B first-half revenue, up 14x, with ~85% gross margins and over $100B cash. Sacks says the $80B loss is a non-cash convertible-note artifact. Chamath prices the IPO near a $1.5T valuation and warns AI companies' borrowing could be 30% of Treasury issuance through 2027. Google lost about $500B as search growth slowed to 12%, though Cloud doubled to $30.7B. On the midterms, Jason expects Democratic wins; Sacks distrusts polls.