Fri. 06/06 – IPO’s Back On The Menu?

Jun 6, 2025 17m

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Episode Description

Circle had such a successful IPO, I’m wondering if IPO’s might finally be back on the menu. Turns out Anthropic cut off Windsurf for the most obvious reason. Maybe Manus really is stoking a new gold rush, at least in China. And in the Weekend Longreads Suggestions, the most consequential weather forecast of all time. Sponsors: Tonal.com Links: Stablecoin issuer Circle soars 168% in NYSE debut after pricing IPO above expected range (CNBC) Anthropic co-founder on cutting access to Windsurf: ‘It would be odd for us to sell Claude to OpenAI’ (TechCrunch) Anysphere, Hailed as Fastest Growing Startup Ever, Raises $900 Million (Bloomberg) Manus has kick-started an AI agent boom in China (MIT Technology Review) Weekend Longreads Suggestions: Runway CEO Cris Valenzuela wants Hollywood to embrace AI video (The Verge) The Man Whose Weather Forecast Saved the World (NYTimes)

AI-Generated Summary

Circle's Successful IPO

Circle had a spectacular IPO, soaring 168% on its first day of trading on the NYSE, after pricing at $31 and raising almost $1.1 billion. This performance has rekindled hopes about the viability of IPOs, possibly indicating a resurgence in investor appetite for such offerings. Circle is noted for its regulatory compliance, and its success could inspire other crypto companies to enter public markets.

Anthropic Cuts Access to Windsurf

Anthropic's co-founder announced that they have restricted Windsurf's access to their Claude models due to concerns over a potential acquisition by OpenAI. This decision reflects Anthropic's focus on fostering long-term partnerships and managing their computing resources wisely. Kaplan suggests that they are prioritizing projects that ensure sustainable future collaborations.

The Rise of AI Agents in China

The podcast discusses the surge of AI agents in China, spurred by the success of Manus. Chinese startups are creating general-purpose AI tools that simplify task management and user interaction. Manus has sparked competition, with startups developing different approaches to AI tools. The announcement reveals a trend where these AI agents are not only emerging rapidly but are also geared towards global markets.

Cursor and Growth of AI Coding Tools

Cursor, an AI startup specializing in coding tools, has rapidly gained traction, raising $900 million and scaling its earnings substantially. Its products have become integral to daily programming routines for many Fortune 500 companies, reflecting a significant shift in software development practices.

Weekend Longread Suggestions

In the suggested long reads, the episode highlights significant conversations, including an interview with Runway CEO Chris Valenzuela on AI's potential in the film industry, and a compelling recount of the weather forecast that played a crucial role in D-Day, cementing the pivotal role meteorology played in history.