Cerebras's IPO goes vertical, and the death of OpenClaw? | E2287
May 11, 2026 · 1 h 23 min
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Show notes
Today's show:
Cerebras just jacked its IPO range to $150–$160 a share, OpenAI bought a consulting firm to seed its $4 billion private-equity joint venture, and a startup in Oakland is electrolyzing magnesium out of seawater for one-third the going price. Alex Wilhelm and Jason Calacanis go deep with AI21 co-CEO Ori Goshen on why model orchestration, not bigger LLMs, will decide who wins enterprise AI.
The crew also covered the decline of OpenClaw, TikTok's new £3.99 ad-free tier, more entries in the live-show sidebar bounty, and had time for a little Off Duty before signing off.
Guest Links:
Timestamps:
Ori Goshen, CEO of AI21 joins the show
Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at https://Plaud.ai/twist and use code TWIST for 10% off!
Why enterprises care about token cost optimization
Jamba as open-weight; Maestro as proprietary orchestration
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AI21 customer roster: FNAC, US tech giants, Israeli companies
Alex Grant, CEO of Magrathea Metals joins to discuss pulling magnesium from seawater
Live video of the Oakland pilot electrolyzer
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Magnesium as a "gateway metal" for aluminum, defense, aerospace
TETRA joint venture & the Evergreen Project in Arkansas
Series A close, JV economics: $3,000/ton vs. $7,000/ton market
Sidebar bounty update: Glass Sidebar (Oliver Choy) demo
Netsuite - Get the free business guide Demystifying AI at https://netsuite.com/twist
Sidebar bounty update: Sidecast (Patrick Hughes) demo
Reducing scope to "real-time fact checker only" for final round
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Cerebras IPO: $115–$125 → $150–$160 per share
Will OpenAI's compute commitments to Cerebras actually get funded?
Fervo Energy IPO — venture-backed geothermal company going public
OpenAI Deployment Company + Tomoro acquisition explained
Anthropic's parallel $1.5B PE joint venture with Blackstone & Goldman
Why Jason thinks these PE spinouts are convoluted financial engineering
OpenClaw's decline + competition from Cowork, Perplexity, Grok
TikTok's £3.99 ad-free subscription launches in the UK
Knicks sweep 76ers — Jason's playoff predictions
Off-duty: "There Is No Antimemetics Division" by qntm
Off-duty: Fall of Civilizations podcast by Paul Cooper
States' rights, federalism, housing supply & closing thoughts
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