Before we get after it, I got to get a public thank you to Dario Amodei because I'm on one hour of sleep, my man. So, you're getting a heater today on Unleashed. That Anthropic IPO leak. You got to be kidding me. I've never even seen stuff like that before. Also, what I have not seen before, and this is a story tailor made for all things Sozzi Unleashed, the Pope letting Nvidia CEO Jensen Huang have it.
I read that the head of Nvidia claims that he has found some way of inserting into AI certain guardrails, if you will. He's the same one, however, that says there should be no limits placed and that no government regulation, etc., etc. This is a problem that I think we need to sit down and talk about.
I did not have this on my bingo card that the Pope would be taking the fight to Nvidia co-founder Jensen Huang. But you know what? I've seen a little bit of everything this year. A little bit of everything. We got IPO leaks. We got the Pope mentioning Nvidia and Jensen Huang. I mean, this has turned out to be a big year. Now, let's get into this tech because it's been a hell of a 24 hours in all things tech. And that's where I start. I'm picking up on something weird in the markets and it really has only started the past few hours or should I say the 24. That's in large part why I've only gotten one hour of sleep.
Dario, first is the Anthropic IPO leaked to Reuters. I've been at this gig many years and I can't recall seeing an IPO prospectus of a very important company set to come to market being leaked. But when I saw this and it was late, it reminded me of when during the great financial crisis, government officials would leak stuff to the press to see how the markets would react. They would do this all the time. It was around the clock and I hated it. I wouldn't discount this happening here with Anthropic. No idea who the leaker is. Of course, Reuters ain't going to give you those details. Could be at Anthropic. Could be on the deal team. Could be a lawyer. Whatever the case is, I think this was a trial balloon to see how this size IPO maybe around $2 trillion or so. And you can check me, you can go to the Yahoo Finance private market page. You can check the valuations on the companies. In fact, I just put out a chart on this on my X account about 7 minutes ago will be digested by a market looking top-heavy with yields on the rise and growing concerns on AI safety. I will tell you this, the sentiment on X on this one hasn't been great for Dario and Anthropic. Many are questioning how a company losing mega billions is somehow worth $2 trillion. That's a big number.
Along the same line of thinking, it's also weird health tracker Oura decided to pull its IPO indefinitely. Oura is doing well financially, but similar to Anthropic, the ring maker has had to digest several weeks of negative headlines from Apple reportedly exploring a new health device to Meta pushing deeper into hardware. Now, I should say those glasses that Meta dropped, you can hear things from them. You can see things through them. But they're not going to track your heart rate dot dot dot yet. I'm wondering if Oura, Anthropic, and Open Eye even go public this year. If they don't, that's a knock on this great bull market. Many have been feasting on like Anthropic feasts on the energy grid. It feasts all day on that grid. That's why all our electric bills are going up.
Now, I want to get more into this Anthropic IPO because like I said, I haven't seen anything like this before and it has been a heck of a 24 hours. Now, Reuters had the inside look at this IPO and I want to take through a couple things here. First is this. Let me start what Reuters actually reported here. Now, of course, the company's not commenting on this $41.97 billion loss last year for Anthropic. That is massive. And you're going to sit there and tell me, Brian, yeah, well, the company had charges. It's doing this. It's doing that with its accounting. I could care less. I do not care. The headline for me is this. Anthropic lost almost $42 billion despite all the growth it's seeing. This is bananas. And again, shout out Reuters from one newsroom to another. Appreciate them dropping that story late at night. That's why I got 1 hour sleep. Thank you, Dario. Thank you, Reuters. Lot of money losing going over there at Anthropic. And there is no end in sight to this company turning profitable. I'll just be honest with you.
Number two here for Anthropic is the leak itself. Are you kidding me? This is bananas. I just mentioned I have been doing this for 20, 22 years. I've never seen a prospectus leak to a media organization. And if it had happened and I missed it, it was never of a company of this importance. This is bananas. Never seen this before. I think this provides next to no confidence in this company being a strong public company with strong internal controls and a strong management team. This is awful. I don't care where the leak came from. This stuff should not happen. Especially when you are potentially going out to be the richest, wealthiest IPO in the IPO of the entire world. Like this should not happen.
Next up, and this came via the Financial Times this morning, which I caught on the train. Shout out to the Financial Times who also apparently got a look at this prospectus. All prospectuses have lengthy risk factor sections. And from the reports that I've seen, the risk factor section in Anthropic is pretty enormous. I should say even 10-Qs, 10-Ks all have risk factor sections. It is what it is. They have to point the risk out to investors. Buried apparently in this risk factor section for Anthropic is this them warning about an existential risk to humanity because of their technology. And this is going to be a public company and we're okay with this. This is not normal. I've never seen a risk like that. But best believe if OpenAI when they file and they eventually will, they're going to have the same risk. This is not normal. At what point do regulators step in here and start to regulate these companies? They were badly burned by the social media companies. Badly burned. How could we have a company again reportedly because the filing has not been made public say that their technology could provide or be an existential risk to humanity. This is mind-blowing stuff. I've never seen anything like it before. But again, it really brings to light the risks should Anthropic do go public, should they go public about the risk of this public company every time they report earnings. That is always going to be in the back of your mind and I think is ridiculous.
Now, lastly, I will say this. One surprising winner from all of this could be Salesforce and Marc Benioff. And Marc invested in Anthropic, I believe in 2023, $50 million. He invested in subsequent rounds. The last funding round, and you can see some of the funding rounds here that my team pulled up here for all things Anthropic. That valuation for the investment that Salesforce and Benioff made was about $5 billion around a $1 billion valuation Anthropic. So a $2 trillion valuation, Benioff could be sitting on over $10 billion in unrealized gains from that investment. That could be a big windfall to Salesforce, which is investing aggressively in all things AI. This has been a heck of a 24 hours. You can go to the Yahoo Finance homepage and check this out. We've been all over this story. Continue to read it. Continue to digest it because the next shoe to drop inevitably is that they actually file this IPO.
Now, number two here is another deal that I'm watching here in an IPO is in fact a deal. It's Lisa Su. This is the I think the third time I've done a segment on Lisa Su since Unleashed went up and they made an $8.2 billion acquisition of World Labs and the godmother of AI Dr. Fei-Fei Li. We have now the godmother of AI and Fei-Fei working alongside the godmother of AI chips in Dr. Lisa Su. And here are a couple things that I think stand out to me. One, and I put this out on X. There you can see we got Fei-Fei Li, godmother of AI. We got Geoffrey Hinton who used to work at Google as well. Fei-Fei used to work at Google in the cloud business. He's seen as the godfather of AI. I'm just going to draw in Lisa right now in real time. Little stick figure. The godmother of AI chips. That's Lisa Su. And I just thought of that in real time. I'm sorry team. I didn't think of that before so we could put her face on there. But I put out there one and I'm getting a lot of negative feedback on this. You know, that potentially Fei-Fei Li could succeed Lisa Su as CEO. And I put that out there not because I think it might actually happen. I put out there for discussion. People are just ripping me. Ripping me. But shout out Patrick Moorhead. I think this is a very good take. Longtime tech analyst Patrick, love his work. Fei-Fei may not be the ultimate successor for Lisa Su. They're both young. I don't think Lisa is going anywhere. That's not the point. $8.2 billion. What you essentially have is AMD spending to get really top, top, top AI talent from World Labs. Fei-Fei Li has amassed impressive, impressive talent in World Labs. So that's good.
Now number two, this will also help AMD better design its chips for the future of AI. World Labs is sitting on amazing insight, amazing data. This will help AMD better design its chips. And then last but not least, and I mentioned Lisa Su, I mentioned Fei-Fei. You know how you now have arguably, you see what Meta is doing. They hired the MongoDB CEO yesterday, which I just don't agree with that. I mean, MongoDB CEO, what the hell are you doing, my man? You can't leave the day before your investor day. That's embarrassing. Shame on you. But you now have the two best AI recruiters in the game here. Lisa Su, Fei-Fei Li, atop this company. Fei-Fei is going to be chief scientist reporting directly to Lisa. Name me a better duo to go and work for. I can't find it. People are gonna flock to work with these two. Two of the best leaders in the tech game.
Let's go from tech to a little Disney here because amidst all my obsessions with AI and in tech stocks and Nvidia and Micron, I mean, look out for that Micron report tomorrow. I think Micron's going to say something tomorrow about capital returns. Nonetheless, I'm also watching Disney. Netflix is having a terrible month. Stock price has been in the garbage. It's been terrible. YouTube has eaten their lunch. You go back to the Sozzi Unleashed page. You can see the work I did on Netflix last week. You can see what we did on YouTube eating up Netflix's market share. Horrible run, horrible month, horrible year, frankly, for Netflix. It is what it is. I'm just reporting the facts. I'm also watching Disney stock also under pressure despite the return of football. So, Disney under pressure. Maybe the prices at Disney parks have gotten too expensive. Whatever the case is, not a good run for Disney shares. Not a good run for Disney investors. So, it was a great time for me to catch up with Bob Chapek out with a new book, Behind the Castle, where he's just letting it fling against his boss, Bob Iger, who ousted him. Take a listen.
