Funding rounds aren't milestones. It shouldn't be your goal to raise a series A. It should be your goal not to need to.
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From Your X
Tech & AI
There's 100% a kind of mania you can get into with coding agents, where it feels like you're getting a lot done and working all the time but nothing is really happening.
It's almost incomprehensible how wide the distance is between someone who's working at the frontier with AI and basically everyone else right now.
OpenAI kills a lot of its products. Sora lasted 6 months, Agent Builder 8 months, Group Chat 8 months, Atlas 9 months...
Talking to older firms, there is a real backlog of scoped cheaper [legacy software] migration projects being unlocked by AI surprisingly fast.
Around the Web
Worth Reading
Robert Caro, at 91, on what he cut
Dwarkesh Patel's hour-long conversation with the biographer of Robert Moses and LBJ (Oct. 30) — 'A lot of the stuff that I cut out, it's tragic that no one knows it' — paired with a 25-minute companion episode on what Patel learned about power from preparing for it.
Zvi Mowshowitz: 'Anthropic Is Going Public'
The weekly AI #192 roundup on Substack covers the S-1, the 'Hackening,' the ETH claims, Gemini 4 Carbon, reports that OpenAI fired safety researchers, and evidence that some internal AI coding traffic went unmonitored — with links to the primary sources.
Ethan Mollick: 'You're a hand-weaver in a world of power looms'
In a Vox interview about his new book, Co-Existence, the Wharton professor argues AI is industrializing knowledge work: people who love the craft will feel it eroded, while others will welcome losing the tedium — and both crises of meaning will arrive at once.
Worth Your Time
- Papex: Has the ETH refutation been verified? A level-headed look at what Lean does and doesn't prove.
- Ars Technica: NASA wants ideas to save Hubble Can commercial robots rescue a national treasure?
- Nature: Moderna mRNA vaccine nearly halves melanoma recurrence The cancer-vaccine milestone, explained.
News
Headlines
- The AI spending bill comes due: Alphabet's worst day ever drags Wall Street to its worst week since June GOOGL ≈−13% Thu (≈$500B, worst day ever) on search miss, −$9.07B FCF, $195–205B capex guide; AMZN slips despite AWS +39%. Fri: S&P −1.8% (7,580), Nasdaq −2.9%; 3rd losing week. CNBC · NBC News · AP (Fri. markets) · Bloomberg
- Anthropic files to go public, revealing $16.3B in first-half revenue — and an unprecedented governance structure S-1 filed (Nasdaq: ANT). H1 revenue $16.29B, ~85% gross margin; Q3 growth slowed to ~47% QoQ. Founders' Class F share = 50.1% of votes; LTBT elects board majority. Analysts: $1–2T valuation. Anthropic · SEC filing (S-1) · CNBC analysis
- AI can now write working exploits for every major browser and OS — and the 'Hackening' has started Unreleased Anthropic model built working exploit chains for Chrome, Safari, Android, Windows, Linux (all patched). Same week: AI-assisted PHP2Shell break-ins, Cathedral reached Anthropic business systems, malicious Claude Code extension pulled from Cursor marketplace. Patch everything. Anthropic research · The Hacker News · Dark Reading · EveryDev weekly digest
- Inside Alphabet's miss: cloud is booming, search is getting squeezed Google Cloud ~doubled to ~$31B, backlog ~$560B; Gemini app >1B users; search $63.35B (+12%) missed. CNBC · AP
Your Holdings
Amazon
Amazon: AWS accelerates to 39% growth, but cash burn spooks investors
Amazon's Q3 revenue of $201.94B and EPS of $1.89 came in just below estimates. AWS grew 39.3% to $46.0B, its fastest pace in about five years, but trailing twelve-month free cash flow was −$42.4B as data-center spending surged; shares fell sharply.
Meta
- Plans to raise $95B for AI infrastructure, with Nvidia and AMD investing a combined $4B. CNBC
That’s today’s paper.