I’ve always felt a kind of kinship with short sellers—would-be investigative journalists who’ve decided to use their skill set to make real money. Kudos to the investment-research firm Culper Research for publishing a brief back in May detailing its short position on Nvidia, taken, in part, due to Jensen Huang’s “uncomfortably close relationship with Megaspeed’s Alice Huang.”

Next time you log your weekend party habits, remember that Whoop sees you, and it’s judging you. “LSD and ketamine use were associated with bedtimes over an hour later and Recovery scores about 9 points lower. Psilocybin showed smaller changes: 33 minutes later and 2.9 points lower,” the company posted over the weekend. Tsk tsk.

The Headline

Deal Flow

Let the road show begin. Anthropic has proposed pricing its IPO shares at $70–$78 a pop, seeking a $1.3 trillion valuation for the AI company. The offering is expected to start trading on November 19.

Just the other day, a source was venting to me about how Silicon Valley billionaires have failed to use their wealth to improve their own surroundings. Was Airbnb cofounder and CEO Brian Chesky listening in on our call? He just announced a $100 million donation to benefit San Francisco parks—the largest single-donor gift to the city in its history.

Silicon Alley, I was not familiar with your game! New York City start-ups raised a record $4.94 billion this October, driven by giant funding rounds for Ramp, Kalshi, and Modal Labs.

One of the strangest stories to come out of the midterms: California’s Prop. 38, which reportedly granted $4.2 billion in state bonds to a three-person immunology nonprofit that counts Sean Parker as a board member. (The proposition was put on the ballot by the institute’s cofounder Gary K. Michelson.)

Data Point

$140 billion+: Jensen Huang’s personal net worth. That would be one expensive divorce.