Gavin Baker on Anthropic's S-1, GPU Prices, and SpaceX
Investor Gavin Baker joins TBPN's John Coogan and Jordi Hays to argue that Anthropic's S-1 was an upside surprise, that compute is getting scarcer and pricier, and that AI's buildout may soon fund itself.
The gist
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Baker calls Anthropic's S-1 an upside surprise, noting it burned only $10 billion and that half the Fortune 500 spends just 0.1% of expenses on it.
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Baker says Anthropic's customers are more diversified than reported, with only 250 accounts spending over $10 million, while open weight model providers grow even faster.
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Baker calls GrokBot the most impactful AI product for him and his firm, saying he runs 17 of them and adds new ones daily.
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Baker says GPU rental prices rose daily in October and the compute market is now in contango, so clusters for late 2027 cost far more.
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Baker expects SpaceX and Anthropic going public to free mutual fund buying power, and thinks more of the 2027 buildout will be paid from cash flow.
"As a user, Grokbot is the most impactful AI product to me and to the firm that we've had yet. I glued together all the stuff with Claude Code and... I'm sure it was user error on my part. But Grokbot just makes it so easy. I think I'm up to like 17 Grokbots and every day I thi..."
▶ Play at 8:4920 creators recommend it, including Riley Brown, Peter Yang, and Claire Vo.
See all on the GrokBot pageWhat they recommend · 1 pick
"As a user, Grokbot is the most impactful AI product to me and to the firm that we've had yet. I glued together all the stuff with Claude Code and... I'm sure it was user error o..."
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