Cognition vs Factory: Vinod Khosla Creates a Storm | OpenAI Nears $70B Run Rate: Anthropic Under Threat | ElevenLabs Doubles Its Valuation to $22B & Salesforce Buys Listen Labs for $2B

Dev Ittycheria, CEO of MongoDB, joins the 20VC crew for a rapid-fire tour of AI industry upheavals. The conversation spans OpenAI's staggering $70B revenue run rate threatening Anthropic's enterprise lead, the nasty talent war between Factory and Cognition, and Vinod Khosla's rare public criticism of his own portfolio company. The hosts also dissect Reflection's open-source AI beam launch, ElevenLabs' $22B valuation, Vercel's $600M ARR fueled by AI agents, and Oura's IPO withdrawal despite 74% growth, offering a snapshot of VC's current hopes and anxieties.