20VC: Anthropic Files S1 Ahead of $2TRN IPO | Instinct's Rumoured $30 Billion Fundraise | Microsoft Layoffs 27,000 While Meta Taps Equity Markets for $95 Billion Capex Spending Spree

Harry Stebbings and guests digest a flurry of tech finance news: Anthropic's S-1 filing hints at a $2 trillion IPO, Microsoft offers buyouts to 60,000 employees while Meta taps equity markets for a $95 billion AI spending spree. The panel debates DeepSeek's $15 billion fundraise against a backdrop of US backlash against Chinese AI, and tackles the rumored $30 billion valuation of Instinct. The invest committee considers allocating 20% of a fund to OpenAI at $1.25 trillion, and the show covers Palmer Luckey's war dog startup hitting a $1.5 billion valuation, ending with Zuckerberg's threat to leave California over a proposed billionaire tax.