Ryan Serhant says September's pending US home contracts were the fewest in 30 years, worse than 2008, with rates up 100 basis points.
Anthropic's Q3 revenue reaches $17bn on a $137bn run rate, though growth is decelerating.
NYSE president Lynn Martin says the exchange will move to 23-hour, five-day trading in December.
Anthropic hits $137bn run rate as growth decelerates
Funding and deals
Northwood Space. Satellite ground-station startup raised $375m at a $2bn valuation, co-led by Andreessen Horowitz and DFJ Growth, less than nine months after its Series B.
Cadillac F1. Mark Walter is exploring a $3bn sale of the Cadillac F1 team, less than two months after TWG said it was not considering exiting its stake.
Guest interviews
Joe Weisenthal, co-host of Bloomberg's Odd Lots. He says the midterms matter to markets and takes a 40% prediction-market chance of a Democratic Texas win seriously. Greg Abbott is the last pro-data-centre governor but has been flinching for months, and no candidate is campaigning on data centres. He credits recent US productivity growth to layoffs and argues AI that is good at one task does not replace a whole job.
Lynn Martin, president of the New York Stock Exchange. She says the NYSE invested in Polymarket because prediction-market data moves markets, citing election night 2024 moving S&P futures. She expects tokenisation to pull inefficiencies out of governance and voting by 2027, with 23-hour trading starting in December.
Ryan Serhant, founder and CEO of Serhant. He says September had the fewest pending US home contracts in thirty years and that the number of US cities where a starter home costs $1m has gone from 80 to over 260. Serhant runs on zero customer acquisition cost with 100% year-over-year growth and a 110-person production team. He predicts California studio space will be repurposed for thousands of creators paying fees to lot owners.
Emily Sundberg, founder of Feed Me. She started Feed Me four years ago at Meta's Hudson Yards office and has grown it into a media company with a Higher Ground production deal. She says writing about culture and business now inevitably touches AI.
News
Anthropic posts $17bn quarter as growth decelerates. Anthropic reported Q3 revenue of $17bn and a $137bn run rate, with growth decelerating.
Best AI model scores 12% on GDPval. SemiAnalysis released GDPval, a benchmark for agentic capability across valuable domains, on which the best model scores just 12%.
Hackers raise supermarket freezer temperatures across Europe. Hackers raised freezer temperatures at supermarkets across Europe. One Swedish ICA store hit 122F and 13 Irish SuperValu stores were affected.
Apple and Palantir report quarterly earnings. Both companies reported quarterly earnings during the show's news block.
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On this episode 6
Show 1
Karpathy vibe-codes HackerTube from a two-sentence prompt. Karpathy shared a two-sentence prompt that built HackerTube, with Jordi Hays wanting recommendations limited to channels older than four years.
Tech founder Adam Robinson dies in Texas plane crash. Adam Robinson, 44, who founded retention.com, was on the plane that crashed in Texas the day before.