Nvidia's Key-Person Problem + Goldman Pulls Claude Code, NAR's "You're the Bacon" & Foreclosures Climb | Ep. 39

Send us Fan Mail 📍 CONNECT WITH DEVIN 🏠 Foresight CRM: (30-day free trial) 🛠️ Free Starter Skill Pack: 💼 LinkedIn: (Formerly Funds on Fire. Same show, new name.) On Sunday, Nvidia posted an email from CEO Jensen Huang saying he was unfaithful to his wife, and its board opened an independent investigation into reports that he was the target of a foreign intelligence effort.

On Monday, chip stocks rallied and Nvidia fell 4.27%. I stick to what's on the record, then walk through why the AI buildout has a key-person problem, and the three-step key-person check to run if your deal, your land or your portfolio rides on AI.

In the headlines: Goldman pulled Claude Code from most of its bankers and traders while it underwrites Anthropic's IPO, and Anthropic cut the price of its new top model 20% (full disclosure, I build with Claude). More towns paused data centers.

NAR's own director of data science told agents "You're the bacon," and NAR approved new MLS data rules. Opendoor says it "chooses to clear." And wholesalers are building their own research tools and CRMs with Claude.

In real estate, stocks bounced after a blowout jobs report while mortgage rates barely moved, and ICE says 362,000 borrowers are underwater and at least three payments behind, the most since 2018. Quick lesson: one AI agent or a team?

Why a team of agents can do worse than its best member, and the three things to write down before you add another agent. 🎯 KEY TAKEAWAYS 1. If your deal rides on the AI buildout, find out who it really depends on (the tenant, the chip supply, the financing), ask what happens if that piece goes away, and put the protection in your contract. 2.

Before you add another AI agent, decide who has the final call on each task. A team that votes ends up compromising. 3.

Use a different model as the checker, and keep a human sign-off on anything that touches a seller or an investor. 4. Free AI tools can keep and train on what you paste in.

For anything confidential, pay for the tool and turn those settings off. 5. Underwater and behind means the owner can't list and walk away with a check.

Know how short sales, loan mods and deeds in lieu work before you dial. ⏱️ CHAPTERS 00:00 Today on AI with REI 01:23 Goldman pulls Claude Code while taking Anthropic public 03:06 More towns pause data centers 04:51 A bull in the White House, bears at city hall 05:56 NAR to agents: "You're the bacon" 07:02 NAR's new MLS data rules 08:01 Opendoor "chooses to clear" 08:48 Wholesalers are building their own CRMs with Claude 10:36 Stocks bounced, rates didn't 11:58 362,000 borrowers underwater and behind 13:52 CMBS distress, and Google takes Crusoe's site 15:07 Main story: Nvidia's key-person problem 17:24 Chips rallied, Nvidia didn't 19:32 The China chip trade keeps getting messier 20:48 My take: every fund has a key-person clause 21:35 The move: run a key-person check 22:14 Quick lesson: one agent or a team? 24:35 Recap 🤝 SPONSOR Foresight CRM, the CRM hub for off-market work. AI that handles your seller and buyer texts, a pipeline from lead to contract, and dialer and foreclosure data in one place.

Try it free for 30 days: Rates and results are as of Monday, Nov. 9. Nothing in this episode is investment, legal, or tax advice.

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