# 20VC: Anthropic Raises $45BN but Falls Short on Compute | OpenAI Crushes with GPT5.5 and Codex: Back in the Game? | China Blocks Manus $2BN Deal to Meta | Thoma Bravo Hand Back Medallia Keys to Creditors | Why Google is a Bigger Buy Than Ever Before

Page: https://stenobird.com/podcast/twenty-minute-vc/20vc-anthropic-raises-45bn-but-falls-short-on-compute-openai-crushes-with-gpt5-5-and-codex-back-in-the-game-china-blocks-manus-2bn-deal-to-meta-thoma-bravo-hand-back-medallia-keys-to-creditors-why-google-is-a-bigger-buy
Text version: https://stenobird.com/podcast/twenty-minute-vc/20vc-anthropic-raises-45bn-but-falls-short-on-compute-openai-crushes-with-gpt5-5-and-codex-back-in-the-game-china-blocks-manus-2bn-deal-to-meta-thoma-bravo-hand-back-medallia-keys-to-creditors-why-google-is-a-bigger-buy.md
Podcast: [The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch](https://stenobird.com/podcast/twenty-minute-vc)
Published: 2026-04-30T07:07:00+00:00
Episode link: https://thetwentyminutevc.libsyn.com/20vc-anthropic-raises-45bn-but-falls-short-on-compute-openai-crushes-with-gpt55-and-codex-back-in-the-game-china-blocks-manus-2bn-deal-to-meta-thoma-bravo-hand-back-medallia-keys-to-creditors-why-google-is-a-bigger-buy-than-ever-before
Audio file: https://traffic.libsyn.com/secure/thetwentyminutevc/The_Trio_EP.54.mp3?dest-id=240976
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JSON: https://stenobird.com/v1/public/podcasts/twenty-minute-vc/episodes/20vc-anthropic-raises-45bn-but-falls-short-on-compute-openai-crushes-with-gpt5-5-and-codex-back-in-the-game-china-blocks-manus-2bn-deal-to-meta-thoma-bravo-hand-back-medallia-keys-to-creditors-why-google-is-a-bigger-buy
Duration seconds: 5150

## Resource

AGENDA: 00:00 $45B Floods into Anthropic from Google & Amazon 05:10 OpenAI Misses Growth Targets — Is This a Real Problem? 08:40 The Rise of AI Agents: Why Humans No Longer Pick Models 12:05 "Compute ≠ Revenue": The First Crack in the AI Business Model 20:30 China Blocks $2B Manus Deal — AI Cold War Escalates 34:10 Why Google May Be the Biggest Winner in AI Infrastructure 41:50 The Death of SaaS? Agents Replace Apps Like Jira & Canva 46:20 Thoma Bravo Hands Medallia to Creditors — $5B Wiped Out 52:10 The Collapse of Private Equity Exit Routes in VC

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