Mag 7 Earnings, OpenAI v Anthropic, & Manus’ China Drama
Big Tech is printing cash, but the "Mag 7" earnings reveal a stark divide in investor reactions to the AI Capex race. On the Big AI front, OpenAI has officially broken its exclusivity with Microsoft but is beginning to show signs of a user-acquisition stumble, just as Anthropic nears a staggering $900 billion valuation. Meanwhile, a geopolitical earthquake has hit the private markets: China has ordered Meta to unwind its $2 billion Manis acquisition, a deal that is legally and logistically "more than done".
Kevin Brockland of Indelible Ventures joins Tech Talk to discuss the market's winners…
The skinny
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