Cerebras's IPO goes vertical, and the death of OpenClaw? | E2287

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:
Ori Goshen on LinkedIn (il.linkedin.com/in/ori-goshen)
AI21 (ai21.com)
Alex Grant on LinkedIn (linkedin.com/in/biglithium)
Magrathea Metals (magratheametals.com)

Timestamps:
0:00 Ori Goshen, CEO of AI21 joins the show
1:20 Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at Plaud.ai/twist and use code TWIST for 10% off!
5:14 Why enterprises care about token cost optimization
6:01 Jamba as open-weight; Maestro as proprietary orchestration
10:08 LinkedIn Jobs - Hire right, the first time. Post your first job and get $100 off towards your job post at LinkedIn.com/twist
12:56 AI21 customer roster: FNAC, US tech giants, Israeli companies
19:01 Alex Grant, CEO of Magrathea Metals joins to discuss pulling magnesium from seawater
20:03 Live video of the Oakland pilot electrolyzer
20:10 Deel - Founders scale faster on Deel. Set up payroll for any country in minutes, hire anyone anywhere, get visas handled fast, and get back to building. Visit deel.com/twist to learn more.
22:01 Magnesium as a "gateway metal" for aluminum, defense, aerospace
23:20 TETRA joint venture & the Evergreen Project in Arkansas
23:38 Series A close, JV economics: $3,000/ton vs. $7,000/ton market
29:10 Sidebar bounty update: Glass Sidebar (Oliver Choy) demo
30:47 Netsuite - Get the free business guide Demystifying AI at netsuite.com/twist
31:47 Sidebar bounty update: Sidecast (Patrick Hughes) demo
36:09 Reducing scope to "real-time fact checker only" for final round
37:24 Ro.co: Ro's insurance checker will let you know if your coverage includes GLP-1s for FREE. Go to Ro.co/Twist for your free insurance check.
39:07 Cerebras IPO: $115–$125 → $150–$160 per share
44:19 Will OpenAI's compute commitments to Cerebras actually get funded?
49:19 Fervo Energy IPO — venture-backed geothermal company going public
49:40 OpenAI Deployment Company + Tomoro acquisition explained
53:51 Anthropic's parallel $1.5B PE joint venture with Blackstone & Goldman
56:05 Why Jason thinks these PE spinouts are convoluted financial engineering
56:40 OpenClaw's decline + competition from Cowork, Perplexity, Grok
1:04:22 TikTok's £3.99 ad-free subscription launches in the UK
1:09:09 Knicks sweep 76ers — Jason's playoff predictions
1:11:24 Off-duty: "There Is No Antimemetics Division" by qntm
1:13:25 Off-duty: Fall of Civilizations podcast by Paul Cooper
1:16:37 States' rights, federalism, housing supply & closing thoughts
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