Descriptions:
This episode of 20VC with Harry Stebbings, joined by Jason Calacanis and Rory O’Driscoll, covers a dense week of AI industry news with unusually direct commentary on three major stories. The panel opens on Anthropic, discussing what appears to be an accidental leak of approximately 3,000 staged assets related to a rumored next-generation model called Claude Mythos — reportedly a 10-trillion-parameter system withheld from release due to capability concerns. The hosts connect the leak to a broader pattern of security incidents accelerating as agentic systems make more autonomous infrastructure decisions.
The second segment examines OpenAI’s reported decision to shut down Sora, which the panel frames as a strategic reorientation driven by compute scarcity — executives prioritizing revenue-generating workloads over ambitious media generation projects. The ARR discussion that follows is among the more substantive on the topic: both Anthropic and OpenAI calculate ARR as trailing four-week realized revenue annualized, with Anthropic reportedly near $19 billion and OpenAI near $25 billion. The panel raises pointed questions about gross-versus-net reporting differences and whether token reselling through intermediaries like Cursor inflates figures across the ecosystem.
The episode closes with commentary on SoftBank’s Masayoshi Son and broader fundraising dynamics, with the panel criticizing the logic of raising billions at what they characterize as “suspect ARR” without a credible path to profitability.
📺 Source: 20VC with Harry Stebbings · Published April 02, 2026
🏷️ Format: Podcast
