Anthropic’s Money Machine, “Slop” Degrees & the Meat Proxy | TWiAI Ep 37

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Today’s show:

Anthropic’s S-1 is finally out and it’s a beast: $16.3 billion in revenue in the first half of this year, up from $1.2 billion in 2025. Plus a $1.6 billion adjusted operating profit!

Anthropic’s already at the front of a very fast-moving train, but Runlayer CEO Andy Berman points out that this journey’s just getting started. Only 2-3% of major enterprises are using AI as much as you’d think (at least, if you listen to this podcast), and everyone’s dragging their heels on connecting models to the kind of real-world business data that’s needed to truly super-charge results.

Andy and Norm Ai founder John Nay join Jason and Lon to break down the filing, the agent explosion coming just over the horizon, and what happens to entry-level jobs and recent grads when intelligence is on tap?

PLUS how to avoid becoming a “meat proxy,” why Andy suggests browser use is already solved, and why Reddit’s r/opensource community banned not just AI projects but non-native English speakers.

Guests

John Nay on X: https://x.com/johnjnay

Norm Ai: https://www.norm.ai/

Andy Berman on X: https://x.com/berman66

Runlayer: https://www.runlayer.com/

Relevant Links:

Anthropic's S-1 (SEC): https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm

Anthropic's risk factors include a "catastrophic AI-related incident" (WSJ): https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-10-26-2026/card/anthropic-s-risk-factors-include-catastrophic-ai-related-incident--aAwPiJrvIG5OHdQGAo1n

Gallup's AI indicator: https://www.gallup.com/699797/indicator-artificial-intelligence.aspx

Microsoft offers voluntary buyouts to 60,000 employees (CNBC): https://www.cnbc.com/2026/10/26/microsoft-msft-voluntary-buyouts.html

Students at an A.I. School Were Supposed to Learn Faster. Many Aren't. (NYT): https://www.nytimes.com/2026/10/23/us/alpha-school-ai-education-parents.html?unlocked_article_code=1.K1E.IcJn.2l4XIQK5gQsl

Meat Proxy: https://meatproxy.me/

r/opensource just banned AI, non-English speakers, and more (The Verge): https://www.theverge.com/ai-artificial-intelligence/1018217/reddit-opensource-ai-ban

When AI comes for your purpose in life, with Steven Strogatz (NYT): https://www.nytimes.com/2026/10/13/podcasts/the-daily/mathematicians-problem-ai-jobs.html

Peter Thiel says AI will be "worse" for math people than word people (Fortune): https://fortune.com/2026/03/07/peter-thiel-ai-math-vs-word-skills-banks-smaller-headcounts/

Timestamps:

0:00 PayPal - Pay zero processing fees on your first $100K in eligible PayPal payment volume. Learn more at https://paypal.launch.co

1:43 What we learned from Anthropic's S-1

9:30 Why only 2-3% of companies are really using AI

18:03 Jason's "reverse to-do list" agent

23:23 Will AI labs evolve beyond charging per token?

32:36 Browser use is basically solved

41:24 Are colleges giving performative "slop" degrees?

53:00 Why r/opensource banned AI projects

59:39 So what happens to the junior lawyers and analysts?

1:06:01 Peter Thiel's "math people vs. word people" binary

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