Ivan Burazin
20 May 2026Leopold’s 13F, Kled Founder Joins, Not Liable, Demis is an Angel, EQT €5B Fund, Disco Balls
Cluely's Lulu AI Drama & Today's Lineup
The hosts recap the drama around Cluely founder Avi 'crashing out' on the timeline after competitor Lulu AI launched with a $31M seed round from GC, arguing his side-by-side product comparisons were warranted, and joke about A16Z potentially leading Cluely's next round. They then run through the lineup: Oskar Block of Stilta, PolyAI CEO Nicola returning to discuss the new agentic dialogue platform and the SaaS apocalypse, and Dust co-founder Gabriel Hubert closing the show after their Series B.
Leopold Aschenbrenner's 13F Moves Markets
Deep dive on Leopold Aschenbrenner's Situation Awareness LP Q1 13F: the fund roughly tripled to around $20B, with about $8B in put options across semiconductors (SMH, Nvidia, Oracle, Broadcom, AMD, Micron, TSMC), an exit from the original Intel long, and big bets on power and memory like Bloom Energy, Micron and SanDisk plus CoreWeave. The hosts play his Dwarkesh clip on gigawatt-scale training clusters, recount his time deploying philanthropic money at FTX at age 18, and quote Feijou's warning that 13F data is months stale — yet retail still piled in, popping HIVE ~30% and knocking Nebius down ~12%.