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Cerebras's IPO goes vertical, and the death of OpenClaw? | E2287

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Cerebras's IPO goes vertical, and the death of OpenClaw? | E2287

This Week in Startups

May 11
This Week in Startups

This Week in Startups

May 11
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

Today’s show: Cerebras just jacked its IPO range to $150–$160 a share, OpenAI bought a consulting firm to seed its $4 billion private-equity joint venture, and a startup in Oakland is electrolyzing magnesium out of seawater for one-third the going price. ...

Highlights

This episode covers a range of topics from AI infrastructure and enterprise strategy to critical mineral supply chains and tech IPOs. The hosts discuss Cerebras's increased IPO price range, OpenAI's new consulting acquisition, and a startup's innovative method for extracting magnesium from seawater. A key interview with AI21's co-CEO explores why model orchestration, rather than larger models, is the key to winning in enterprise AI.
00:00
High-stakes 750-megawatt deal questioned
03:43
Maestro routes queries to the best model based on cost and success probability
05:17
Cost is a key concern as token usage surges
06:01
Jamba combines Transformer and Mamba architectures for efficiency.
10:08
Maestro automates model selection for enterprises.
16:34
Combining multiple models achieves better accuracy and cost savings
19:01
China controls 95% of magnesium supply.
20:06
Our facility is in Oakland, across the bay.
21:00
Producing pure magnesium from seawater
22:01
Magrathea Metals solved the environmental and cost issues of drying magnesium salts from seawater
23:20
Selling metal through a joint venture with TETRA
26:31
Producing magnesium at $3,000 per ton.
29:10
$5,000 bounty for a real-time AI agent.
30:47
NetSuite: AI-powered cloud ERP for seven-figure businesses
31:47
Oliver Choy demos Glass Sidebar, a live AI tool.
36:09
Focus only on real-time fact checking for podcasts
37:24
Dropped from 213 to the low 170s
41:44
50-70 times run-rate revenue is disconnected from typical PE ratios
44:19
Revenue may not justify the massive compute buildout.
49:19
OpenAI formalizes AI private equity push
49:40
Convoluted financial engineering.
53:51
Separating it could improve valuation metrics
56:05
Losing cash is manageable for them.
56:40
OpenClaw is a proof of concept, not the final solution.
1:04:24
Regulations lead to unnatural business moves.
1:09:09
Knicks sweep the 76ers
1:11:24
A secret organization fights memory-consuming anomalies.
1:13:25
A book exploring memory and time concepts similar to Nolan's films
1:16:39
Federalism allows state-level experimentation.

Chapters

Ori Goshen, CEO of AI21 joins the show
00:00
Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at https://Plaud.ai/twist and use code TWIST for 10% off!
01:20
Why enterprises care about token cost optimization
05:14
Jamba as open-weight; Maestro as proprietary orchestration
06:01
LinkedIn Jobs - Hire right, the first time. Post your first job and get $100 off towards your job post at https://LinkedIn.com/twist
10:08
AI21 customer roster: FNAC, US tech giants, Israeli companies
12:56
Alex Grant, CEO of Magrathea Metals joins to discuss pulling magnesium from seawater
19:01
Live video of the Oakland pilot electrolyzer
20:03
Deel - Founders scale faster on Deel. Set up payroll for any country in minutes, hire anyone anywhere, get visas handled fast, and get back to building. Visit https://deel.com/twist to learn more.
20:10
Magnesium as a "gateway metal" for aluminum, defense, aerospace
22:01
TETRA joint venture & the Evergreen Project in Arkansas
23:20
Series A close, JV economics: $3,000/ton vs. $7,000/ton market
23:38
Sidebar bounty update: Glass Sidebar (Oliver Choy) demo
29:10
Netsuite - Get the free business guide Demystifying AI at https://netsuite.com/twist
30:47
Sidebar bounty update: Sidecast (Patrick Hughes) demo
31:47
Reducing scope to "real-time fact checker only" for final round
36:09
Ro.co: Ro's insurance checker will let you know if your coverage includes GLP-1s for FREE. Go to https://Ro.co/Twist for your free insurance check.
37:24
Cerebras IPO: $115–$125 → $150–$160 per share
39:07
Will OpenAI's compute commitments to Cerebras actually get funded?
44:19
Fervo Energy IPO — venture-backed geothermal company going public
49:19
OpenAI Deployment Company + Tomoro acquisition explained
49:40
Anthropic's parallel $1.5B PE joint venture with Blackstone & Goldman
53:51
Why Jason thinks these PE spinouts are convoluted financial engineering
56:05
OpenClaw's decline + competition from Cowork, Perplexity, Grok
56:40
TikTok's £3.99 ad-free subscription launches in the UK
1:04:22
Knicks sweep 76ers — Jason's playoff predictions
1:09:09
Off-duty: "There Is No Antimemetics Division" by qntm
1:11:24
Off-duty: Fall of Civilizations podcast by Paul Cooper
1:13:25
States' rights, federalism, housing supply & closing thoughts
1:16:37

Transcript

Jason Calacanis: This is one of the highest stakes games I've ever seen. Alex Wilhelm: A 750 megawatt Deel with OpenAI in January. It's not just insanity, it's insanity with a TWIST. Jason Calacanis: The question here is, what is that Deel with OpenAI wo...