OpenAI Cuts Valuation to $1.25TRN | Public Market Meltdown: GOOG Loses $500BN in 12 Hours | DoorDash Buys Instacart for $17BN | Kalshi Raises $1BN and Cognition Eyes $80BN Valuation

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:

• OpenAI Cuts Valuation to $1.25 Trillion as Fundraise Shrinks

• Google Loses $500 Billion as AI Stocks Sell Off

• Anthropic's Growth Slows as AI Price War Intensifies

• DoorDash Buys Instacart for $17 Billion

• Kalshi Raises $1 Billion at $40 Billion Despite Legal Threats

• Cognition Eyes $80 Billion as Baseten Hits $30 Billion and Serval $3 Billion

• AI Law Firm Crosby Bids for Collapsed Legal Giant Weil

• Physical Intelligence Targets $20 Billion Valuation

• Hugging Face Deal Faces Scrutiny as Salesforce Buys Cresta for $2.7 Billion