The Information's TITV OpenAI and Anthropic’s Tumultuous Week, the Global Memory Chip Crunch and 23andMe’s Non-Profit Plan
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Mar 6, 2026 Amy Dockser Marcus, health and science reporter who covered 23andMe’s nonprofit pivot. Chenna Liu, Asia reporter tracking China’s memory-chip shift. Shiv Verma, Robinhood CFO explaining a new public venture fund and prediction markets. Laura Mandaro, managing editor adding industry context. They discuss Anthropic’s DoD spat and Silicon Valley fallout. OpenAI narrowing its shopping and ads focus. China’s domestic memory chip surge. Anne Wojcicki’s plan for 23andMe.
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Start Funds By Listening To Customers
- Build a fund by starting with customer demand and underwrite each potential investment thoroughly.
- Shiv Verma says Robinhood spoke with customers, shortlisted AI and consumer-branded growth names, and then did bottoms-up diligence before investing.
Use Closed-End Funds To Bridge Private To Public
- Use a closed-end fund structure to hold private stakes through IPOs and distribute realized gains to investors.
- Shiv Verma explains Robinhood will distribute 90% of realized gains when positions are sold, preserving tax advantages.
Public Markets Offer Scale And Discipline
- Shiv Verma argues public markets provide deeper capital, discipline, and retail access, making IPOs valuable even if private funding is plentiful.
- He cites retail ownership (25% of US equities) and Robinhood's own public journey as benefits.