Cognition vs Factory | Anthropic Under Threat | ElevenLabs Doubles Its Valuation to $22B
Oct 8, 2026 · 1:15:52
Harry Stebbings hosts MongoDB CEO Dev Ittycheria with Jason Lemkin and Scale's Rory O'Driscoll, arguing OpenAI's near-$70BN run rate has closed the gap on Anthropic ahead of its November IPO. The panel debates whether Chris Degnan moving from Factory advisor to Cognition CRO crossed a line, and calls Vinod Khosla's 'struggling second-tier competitor' tweet a gift to rival firms. They argue Reflection's Beam gives enterprises a US open-weight model 3-4x cheaper than Chinese options, and endorse ElevenLabs at its doubled $22BN valuation. They weigh Salesforce's $2BN Listen Labs exit, Vercel's $600M ARR with agents driving 50% of new business, the Grox lawsuit over Nvidia's $17BN license deal, Meta's Muse outshining OpenAI's Dots, and Oura pulling its IPO as bad news for venture.
