Ep 11 – College Grads Are Booing AI at Graduation. Here’s Why That’s Backwards.

Anthropic just filed to go public near a trillion-dollar valuation. SpaceX is right behind it, OpenAI won’t be far off three companies, $3.5 trillion in combined valuation, and not one of them profitable. Scott Galloway is calling for a 50-70% correction. Harry runs the actual math on what revenue Anthropic needs to justify today’s price, and Anthony makes the case that the numerator —total demand for intelligence —is closer to the early internet than a bubble. Then: the vibes are shifting. College grads are booing AI at commencement, data center projects are getting blocked in 7 of 10 communities, and Bernie Sanders wants the government to own half of these companies. Harry and Anthony dig into why students have a real grievance, why NIMBY backlash is more about value capture than technology, and why the answer isn’t fear of AI it’s using it, the way you’d use LeBron James on your team for $20 a month. Plus: why frontier models have breadth but not depth, and why the future belongs to whoever brings their own data.

00:00 – Episode 11, and why the podcast is changing

01:00 – The IPO window: Anthropic, SpaceX, and OpenAI all racing to go public

09:00 – Does the math work? What 10x-ing revenue actually requires

16:00 – Bull case: is AI demand more like the early internet than a bubble

32:00 – College grads booing AI, and the “LeBron on your team” analogy

34:00 – Data center backlash, NIMBYism, and Bernie Sanders’ wealth fund idea

1:04:00 – Harvey AI, breadth vs. depth, and why you need to bring your own data

1:06:00 – Wrap and what’s next