<p>Today’s show:</p><p>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.</p><p>The crew also covered the decline of OpenClaw, TikTok&#39;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.</p><p><strong>Guest Links:</strong></p><p><a href="https://il.linkedin.com/in/ori-goshen"><u>Ori Goshen on LinkedIn</u></a></p><p><a href="https://www.ai21.com/"><u>AI21</u></a></p><p><a href="https://www.linkedin.com/in/biglithium/"><u>Alex Grant on LinkedIn</u></a></p><p><a href="https://www.magratheametals.com/"><u>Magrathea Metals</u></a></p><p><br></p><p><strong>Timestamps:</strong></p><p>0:00 Ori Goshen, CEO of AI21 joins the show</p><p>1:20 Plaud: If your work depends on conversations — interviews, meetings, calls — you need a Plaud NotePin. You can check it out at https://Plaud.ai/twist and use code TWIST for 10% off!</p><p>5:14 Why enterprises care about token cost optimization</p><p>6:01 Jamba as open-weight; Maestro as proprietary orchestration</p><p>10:08 LinkedIn Jobs - Hire right, the first time. Post your first job and get $100 off towards your job post at https://LinkedIn.com/twist</p><p>12:56 AI21 customer roster: FNAC, US tech giants, Israeli companies</p><p>19:01 Alex Grant, CEO of Magrathea Metals joins to discuss pulling magnesium from seawater</p><p>20:03 Live video of the Oakland pilot electrolyzer</p><p>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 https://deel.com/twist to learn more.</p><p>22:01 Magnesium as a &quot;gateway metal&quot; for aluminum, defense, aerospace</p><p>23:20 TETRA joint venture &amp; the Evergreen Project in Arkansas</p><p>23:38 Series A close, JV economics: $3,000/ton vs. $7,000/ton market</p><p>29:10 Sidebar bounty update: Glass Sidebar (Oliver Choy) demo</p><p>30:47 Netsuite - Get the free business guide Demystifying AI at https://netsuite.com/twist</p><p>31:47 Sidebar bounty update: Sidecast (Patrick Hughes) demo</p><p>36:09 Reducing scope to &quot;real-time fact checker only&quot; for final round</p><p>37:24 Ro.co: Ro&#39;s insurance checker will let you know if your coverage includes GLP-1s for FREE. Go to https://Ro.co/Twist for your free insurance check.</p><p>39:07 Cerebras IPO: $115–$125 → $150–$160 per share</p><p>44:19 Will OpenAI&#39;s compute commitments to Cerebras actually get funded?</p><p>49:19 Fervo Energy IPO — venture-backed geothermal company going public</p><p>49:40 OpenAI Deployment Company + Tomoro acquisition explained</p><p>53:51 Anthropic&#39;s parallel $1.5B PE joint venture with Blackstone &amp; Goldman</p><p>56:05 Why Jason thinks these PE spinouts are convoluted financial engineering</p><p>56:40 OpenClaw&#39;s decline + competition from Cowork, Perplexity, Grok</p><p>1:04:22 TikTok&#39;s £3.99 ad-free subscription launches in the UK</p><p>1:09:09 Knicks sweep 76ers — Jason&#39;s playoff predictions</p><p>1:11:24 Off-duty: &quot;There Is No Antimemetics Division&quot; by qntm</p><p>1:13:25 Off-duty: Fall of Civilizations podcast by Paul Cooper</p><p>1:16:37 States&#39; rights, federalism, housing supply &amp; closing thoughts</p><p>Subscribe to the TWiST500 newsletter:<a href="https://ticker.thisweekinstartups.com"> <u>https://ticker.thisweekinstartups.com</u></a></p><p>Check out the TWIST500:<a href="https://www.twist500.com"> <u>https://www.twist500.com</u></a></p><p>Subscribe to This Week in Startups on Apple:<a href="https://rb.gy/v19fcp"> <u>https://rb.gy/v19fcp</u></a></p><p>Follow Lon:</p><p>X:<a href="https://x.com/lons"> <u>https://x.com/lons</u></a></p><p>Follow Alex:</p><p>X:<a href="https://x.com/alex"> <u>https://x.com/alex</u></a></p><p>LinkedIn:<a href="https://www.linkedin.com/in/alexwilhelm/"> <u>⁠https://www.linkedin.com/in/alexwilhelm</u></a></p><p>Follow Jason:</p><p>X:<a href="https://twitter.com/Jason"> <u>https://twitter.com/Jason</u></a></p><p>LinkedIn:<a href="https://www.linkedin.com/in/jasoncalacanis"> <u>https://www.linkedin.com/in/jasoncalacanis</u></a></p><p>Check out all our partner offers:<a href="https://partners.launch.co/"> <u>https://partners.launch.co/</u></a></p><p>Great TWIST interviews:<a href="https://youtu.be/pvJa2pzuXWQ"> <u>Will Guidara,</u></a><a href="https://youtu.be/9dHN4YFkgv4"> <u>Eoghan McCabe</u></a>,<a href="https://podcasts.apple.com/us/podcast/reddit-ceo-steve-huffman-on-mod-revolt-building-a/id315114957?i=1000617333424"> <u>Steve Huffman</u></a>,<a href="https://podcasts.apple.com/ca/podcast/airbnb-ceo-brian-chesky-on-early-rejection-customer/id315114957?i=1000611761112"> <u>Brian Chesky</u></a>,<a href="https://youtu.be/y2UMzSqX94Q"> <u>Bob Moesta,</u></a><a href="https://podcasts.apple.com/ca/podcast/box-ceo-aaron-levie-breaks-down-box-ai-and-generative/id315114957?i=1000612384545"> <u>Aaron Levie</u></a>,<a href="https://podcasts.apple.com/ca/podcast/sophia-amoruso-on-branding-raising-a-fund-portfolio/id315114957?i=1000601352978"> <u>Sophia Amoruso</u></a>,<a href="https://podcasts.apple.com/ca/podcast/reid-hoffman-on-ais-crescendo-moment-regulation-and/id315114957?i=1000612548498"> <u>Reid Hoffman</u></a>,<a href="https://podcasts.apple.com/ca/podcast/snowflake-ceo-frank-slootman-on-moving-the-needle-win/id315114957?i=1000602560622"> <u>Frank Slootman</u></a>,<a href="https://podcasts.apple.com/ca/podcast/billy-mcfarland-on-fyre-fest-fraud-failure-hacking/id315114957?i=1000610922577"> <u>Billy McFarland</u></a></p><p>Check out Jason’s suite of newsletters:<a href="https://substack.com/@calacanis"> <u>https://substack.com/@calacanis</u></a></p><p>Follow TWiST:</p><p>Twitter:<a href="https://twitter.com/TWiStartups"> <u>https://twitter.com/TWiStartups</u></a></p><p>YouTube:<a href="https://www.youtube.com/thisweekin"> <u>https://www.youtube.com/thisweekin</u></a></p><p>Instagram:<a href="https://www.instagram.com/thisweekinstartups"> <u>https://www.instagram.com/thisweekinstartups</u></a></p><p>TikTok:<a href="https://www.tiktok.com/@thisweekinstartups"> <u>https://www.tiktok.com/@thisweekinstartups</u></a></p><p>Substack:<a href="https://twistartups.substack.com"> <u>https://twistartups.substack.com</u></a><br></p>