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Anthropic Hits $380B Valuation, Become Unsloppable, WSJ Mansion Section | Martin Shkreli, Connor Hayes, Alex Bouzari, Brett Adcock

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Feb 13, 2026
Brett Adcock, founder of Figure AI building humanoid robots with dexterous hands. Alex Bouzari, CEO of DDN tackling large-scale AI data infrastructure. Connor Hayes, product lead for Threads shaping creator tools like Dear Algo. Martin Shkreli, investor using network data and AI to estimate VC positions. They discuss Anthropic’s huge raise, AI infrastructure and data centers, robotics deployment strategies, creator growth, and VC investment moves.
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Software Singularity Reshapes Moats

  • The software market faces a “software singularity” where marginal coding cost approaches zero, forcing firms to reveal real moats.
  • Durable moats now center on network effects, scale, brand, and scarce regulated resources, not just code volume.

Patents And Scarcity Still Matter

  • Proprietary technology alone no longer ensures monopoly power in AI’s era.
  • Patents, regulated scarcity, and network effects remain defensible even when code can be quickly replicated.

Prove Moats With Numbers

  • If your business’s moat isn’t durable against AI, clarify and communicate alternative moats to investors immediately.
  • Show in the numbers you are an AI beneficiary by accelerating revenue, not just promising future gains.
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