20VC: OpenAI nears $70B run rate, ElevenLabs doubles to $22B, Salesforce buys Listen Labs for $2B
20VC · rss · 2026-10-08
20VC hosts MongoDB CEO Dev Ittycheria for a sweeping industry roundup: OpenAI nears a $70B run rate as Anthropic's lead comes under threat; the Cognition vs Factory talent war turns ugly, with Vinod Khosla publicly blasting his own portfolio company; Reflection launches open-source model Beam; ElevenLabs doubles its valuation to $22B; Salesforce acquires Listen Labs for $2B with Sequoia cashing out; Vercel hits $600M ARR with agents driving half of new business; former Groq engineers sue over Nvidia's $17B deal; Meta's Muse impresses while OpenAI's Dots underwhelms; and Oura pulls its IPO despite 74% growth — a warning sign for VC.
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