Andrew, Ben, and Tom discuss leaked Anthropic second-quarter results showing revenue of $11.5 billion, up 1300% year-over-year and 143% quarter-over-quarter with an annualized run rate crossing $47 billion in May compared to OpenAI's roughly $40 billion at the same point, SpaceX's AI division contributing $2.6 billion in the quarter while posting positive adjusted EBITDA despite an adjusted operating loss, Chinese memory chipmaker CXMT surpassing Tencent to become China's most valuable company with a market cap over $500 billion as capital increasingly shifts from internet platforms to hardware, and Goldman Sachs pushing back on market pricing that it views as too hawkish on the odds of a Fed rate hike.
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