David Friedberg

Yeah, San Francisco, it's 6% over $25 million and it starts at $5 million.

So there's a transfer tax, an excess transfer tax above $5 million properties that scales up above $25 million to an extra 6% on top of your brokerage commission.

So when you sell a house in San Francisco, you're paying 13% now.

All right, let's go to topic number one.

OpenAI is apparently suffering from a bit of an identity crisis.

On Sunday, OpenAI's chief revenue officer, Denise Dresser, sent a four-page memo to employees.

Obviously, it leaked immediately, probably the point of it.

And she called out, in profit, she said their $30 billion run rate is capped, inflated by $8 billion due to a revenue share and some accounting with AI model providers.

Chamath, you pointed that out in the last couple of weeks.

Also, she said, Anthropic Stories built on, quote, fear, restriction, and the idea that a small group of elites should control AI.

Obviously, she's a fan of the pod.

She also laid out OpenAI's pivoting, and she said they are going hard after business customers, and they want to win more.

the agent platform layer.

If you remember, they hired the architect of the open source project open claw, they didn't acquire open claw.

So Peter Steinberger is working at open AI, cynical people said, Hey, maybe they want his next set of innovations to go inside of opening his products as opposed to the open source one, I kind of agree with that directionally.

There's obviously Perplexity Computers doing really well.

They quadrupled their revenue.

And I was over at XAI earlier this week with Elon.

I can tell you he's got some very cool stuff coming.

And this new model, Spud, is coming from OpenAI.