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jessica lessin

T3 · host / generalist

Conducts the interview with James Sagan; discloses her husband Sam Lessin was a co-investor in the OnlyFans deal.

3 calls·3 names·0% bull·last heard 10 months ago·The Information
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1stmedium conviction
$OPENAIOpenAI

OpenAI pursues aggressive multi-directional revenue push with $235B compute forecast through 2028

OpenAI is spending far more on compute than rivals while pushing simultaneously into enterprise (Sarah Friar touting business customers) and consumer (Fiji Simo promising monetized high-end advice), raising questions about consumer willingness to pay amid free alternatives.

The Information2025-11episode →
2ndmedium conviction
$ANTHROPICAnthropic

Anthropic pursues capital-efficient strategy with 1/3 OpenAI's compute spend forecast through 2028

Anthropic's financials show ~$78B projected compute spend through 2028 versus OpenAI's $235B, reflecting a more enterprise-focused, efficiency-oriented strategy; now securing multi-cloud partnerships (AWS, Google, Microsoft, Nvidia) to fund massive compute needs.

The Information2025-11episode →
3rdlow conviction
$PROMETHEUSPrometheus

Jeff Bezos' Prometheus AI manufacturing startup still early, fundraising incomplete, long timeline to product

Bezos co-CEOs Prometheus with AI scientist Rick Clausner, focused on AI-accelerated manufacturing for space; Lessin predicts long gestation before tangible output, noting round isn't closed but capital access is trivial for Bezos.

The Information2025-11episode →

most discussed · click a bar to filter

  • $OPENAI
  • $ANTHROPIC
  • $PROMETHEUS

recurring themes

  • AI M&A / Private Markets1
  • AI Economics & Business Models1
3 total
$OPENAI
OpenAI
MEDjessica lessin·The Information·10 months ago·Microsoft & Nvidia Invest in Anthropic, Google Gemini 3.0, Jeff Bezos’ AI Startup | Nov 18, 2025
OpenAI pursues aggressive multi-directional revenue push with $235B compute forecast through 2028
OpenAI is spending far more on compute than rivals while pushing simultaneously into enterprise (Sarah Friar touting business customers) and consumer (Fiji Simo promising monetized high-end advice), raising questions about consumer willingness to pay amid free alternatives.
"Open AI is kind of going a thousand miles an hour in all directions right now on the revenue side. We see a huge push with businesses. Sarah Frier, the CFO, cannot sit at a confer…"
7:38
$ANTHROPIC
Anthropic
MEDjessica lessin·The Information·10 months ago·Microsoft & Nvidia Invest in Anthropic, Google Gemini 3.0, Jeff Bezos’ AI Startup | Nov 18, 2025
Anthropic pursues capital-efficient strategy with 1/3 OpenAI's compute spend forecast through 2028
Anthropic's financials show ~$78B projected compute spend through 2028 versus OpenAI's $235B, reflecting a more enterprise-focused, efficiency-oriented strategy; now securing multi-cloud partnerships (AWS, Google, Microsoft, Nvidia) to fund massive compute needs.
"We had the exclusive anthropic financials published by our anthropic and open AI reporter Shri that showed that I think through 2028 Open AI is scheduled to spend 235 billion on i…"
6:58
$PROMETHEUS
Prometheus
LOWjessica lessin·The Information·10 months ago·Microsoft & Nvidia Invest in Anthropic, Google Gemini 3.0, Jeff Bezos’ AI Startup | Nov 18, 2025
Jeff Bezos' Prometheus AI manufacturing startup still early, fundraising incomplete, long timeline to product
Bezos co-CEOs Prometheus with AI scientist Rick Clausner, focused on AI-accelerated manufacturing for space; Lessin predicts long gestation before tangible output, noting round isn't closed but capital access is trivial for Bezos.
"My prediction is that it will be a long long time before we see sort of anything from Prometheus. I think um you know Jeff is probably starting to assemble really interesting peop…"
12:16
8
AI M&A / Private Marketstailwind
Big tech paying unprecedented premiums for early-stage AI startups as race for scale shifts M&A dynamics
Large tech companies now see enormous revenue potential from using AI internally and are paying premiums that shake founders loose. Cheaper capital and reduced Trump administration antitrust scrutiny are accelerating deals. A 'lovable' or 'Vercel' mega-exit would signal broader change.
7
AI Economics & Business Modelsmixed
Anthropic's capital-efficient compute strategy contrasts with OpenAI's aggressive spend, testing investor patience for FCF
Anthropic forecasts ~1/3 of OpenAI's compute spend through 2028 ($78B vs $235B) while pursuing enterprise-first revenue; as Wall Street scrutinizes capex efficiency, the divergence in compute intensity and path to free cash flow becomes a key differentiator for AI lab valuations.