# The AI gold rush is over. The emperors are cashing out

Page: https://stenobird.com/podcast/daybreak-5886514/the-ai-gold-rush-is-over-the-emperors-are-cashing-out
Text version: https://stenobird.com/podcast/daybreak-5886514/the-ai-gold-rush-is-over-the-emperors-are-cashing-out.md
Podcast: [Daybreak](https://stenobird.com/podcast/daybreak-5886514)
Published: 2026-06-02T20:43:58+00:00
Episode link: https://share.transistor.fm/s/3da3ee41
Audio file: https://media.transistor.fm/3da3ee41/592e68b8.mp3
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JSON: https://stenobird.com/v1/public/podcasts/daybreak-5886514/episodes/the-ai-gold-rush-is-over-the-emperors-are-cashing-out
Duration seconds: 788

## Resource

Anthropic raised $65 billion last week making it the largest funding round in AI history. It also filed for an IPO days later. So did OpenAI and SpaceX after its merger with xAI. Three of the most powerful AI companies in the world are heading to public markets in the same window. They're flush with capital but burning through more than they earn. Meanwhile, the startups that were supposed to be the next wave are being quietly absorbed. The funds that would have backed them are drying up. So what exactly does the future of AI entrepreneurship look like from here on? Tune in. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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## Transcript

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