NVIDIA Crushes Quarter and Buys Hugging Face | OpenAI Cuts Off Cursor | Instinct Hits $2.5BN Valuation and The Race for AI Assistants

Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more.

Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.

In Today's Episode We Discuss:

• Nvidia crushes $96.2B quarter and nears $12.9B Hugging Face deal

• OpenAI cuts off Cursor as the Altman–Musk feud escalates

• OpenAI's 1,000-agent cyberattack triggers an industry wake-up call

• Instinct hits $2.5B valuation as AI assistants gain spending power

• Cognition targets $1.6B ARR as the coding-agent market explodes

• AI forces every startup to become a compound company—or get left behind

• Salesforce embraces Claude and outcome-based pricing in major AI reset

• Stripe–PayPal deal collapses as both sides clash over price

• Clay hits $7B and Linear reaches $100M ARR as agents choose their tools

• Texas pauses Flock cameras as police-surveillance backlash grows