00:00We had a transaction, this was a couple of months ago, the big penthouse in New York City.
00:03We finally got to terms, but the deal sheet contract went out at $50 million flat. And it
00:08was a contentious back and forth. If someone's spending $50 million, for the most part, I'm
00:13dealing with one king of the world versus another king of the world. The buyer at the 11th hour
00:20apparently went on chat GPT and typed in, I'm looking to buy this, is $50 million too much?
00:27And it basically told him yes. And so the broker called me, who was representing him and said,
00:32listen, my guy's out. Chat GPT told him not to buy it. So I go into my cellar and I
00:38say,
00:38I don't know if I have to tell you, he's not going forward the deal because chat GPT told him
00:42$50 was too much. So he did what anyone would do in that situation. He went to chat GPT and
00:48said,
00:48I have a buyer that no longer wants to spend $50 because you told him not to. Is $50 million
00:56too little? And chat GPT said, you know what? You're right. It is. And they both came back to
01:03the table understanding this and we put it back together and we use off market context and data
01:09that LLMs can't scrape, right? They know the history of the internet. They don't know path forward
01:13and they don't know what the internet and Reddit and Zillow and realtor.com does not know.
01:18And we got the deal done.
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