Nathan Lambert: belief

Transcript context

…Do you think there’ll be some crazy big moves this year business-wise? Like Google or Apple acquiring Anthropic or something like this? Dario will never sell, but we are starting to see some types of consolidation, with Groq being valued at $20 billion and Scale AI for almost 30 billion. There are countless other deals structured in a way that is actually detrimental to the Silicon Valley ecosystem—these licensing deals where not everybody gets brought along, rather than a full acquisition that benefits the rank-and-file employees by getting their stock vested. That’s a big issue for Silicon Valley culture to address because the startup ecosystem is the lifeblood. If you join a startup, even if it’s not that successful, your startup very well might get acquired at a cheap premium and you’ll get paid out for your equity. And these licensing deals are essentially taking the top talent a lot of the time. I think the deal for Groq to NVIDIA is rumored to be better for the employees, but it is still this antitrust-avoiding thing. I think that this trend of consolidation will continue. Me and many smart people I respect have been expecting consolidation to have happened sooner, but it seems like things are starting to turn. But at the same time, you have companies raising ridiculous amounts of money for reasons that I don’t understand. I’m like, “I don’t know why you’re taking that money.” So it’s maybe mixed this year, but some consolidation pressure is starting. What kind of surprising consolidation do you think we’ll see? You say Anthropic is a “never.” I mean, Groq is a big one—Groq with a Q, by the way.…

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