About this episode
Thomas Laffont, Co-Founder of $70B AUM Coatue, joins Sourcery to break down how AI is reshaping both private and public markets—from Coatue’s investment in Anthropic’s $30B Series G at a $380B Valuation to the growing volatility AI is introducing across SaaS and the broader tech complex.Recorded live at the Upfront Summit 2026 in Los Angeles on February 25th, 2026, Laffont shares his take on the Citrini “Global Intelligence Crisis” paper, why boardrooms are rapidly expanding AI spend, and which private companies could emerge as the next “Magnificent 7.”We discuss:• Coatue leading Anthropic’s latest funding round (recently hit $19B ARR)• Why AI coding tools are spreading rapidly inside organizations• The Citrini paper and how investors should interpret it• Why SaaS valuations are being repriced• The “Next Mag 7” candidates in private markets• Coatue’s philosophy of Big Idea Investing or (“BFI) and risk managementThomas Laffont: https://www.linkedin.com/in/thomas-laffont-02430914/ Molly O’Shea: https://x.com/MollySOShea Sourcery: ?https://x.com/sourceryy ??????? ????YouTube: https://youtu.be/otqg7UaZb4E????????• Brex—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. https://brex.com/sourcery• Turing—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. https://turing.com/sourcery• Deel—Deel is the global people platform that helps startups hire, manage, pay, and equip anyone, anywhere. Trusted by more than 35,000 fast-growing companies, Deel is the people platform that just works, so teams can s
