{"podcast":{"title":"Equity","slug":"equity-55848","podcast_index_feed_id":55848,"rss_url":"https://feeds.megaphone.fm/YFL6537156961","website_url":"https://techcrunch.com/","image_url":"https://megaphone.imgix.net/podcasts/7f647576-b0d4-11ef-ad77-1356cd002e92/image/c517eaa8f9b86d18ff98a18dec7a5178.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"TechCrunch","episode_count":774,"summary":"The intersection of technology, startups, and venture capital touches everything now. That’s why Equity, TechCrunch's flagship podcast, digs into the business of startups for entrepreneurs and enthusiasts alike. Every Wednesday and Friday, TechCrunch reporters keep you up-to-date on the world of business, technology, and venture capital. Equity is ranked the No.2 podcast in the Top 100 Venture Capital All time leaderboard on Goodpods—As well as No.17 for the Top 100 Finance All time chart and No.32 for the Top 100 Business News All time chart.","last_synced_at":"2026-07-18T04:19:04.251830+00:00","page_url":"https://stenobird.com/podcast/equity-55848"},"episode":{"title":"The PhD students who became the judges of the AI industry","slug":"the-phd-students-who-became-the-judges-of-the-ai-industry","published_at":"2026-03-18T14:00:00+00:00","page_url":"https://stenobird.com/podcast/equity-55848/the-phd-students-who-became-the-judges-of-the-ai-industry","show_page_url":"https://stenobird.com/podcast/equity-55848","url":"https://traffic.megaphone.fm/TCML4612055106.mp3?updated=1773781002","audio_url":"https://traffic.megaphone.fm/TCML4612055106.mp3?updated=1773781002","summary":"Artificial intelligence models are multiplying fast, and competition is stiff. With so many players crowding the space, which one will be the best — and who decides that? Arena, formerly LM Arena, has emerged as the de facto public leaderboard for frontier LLMs, influencing funding, launches, and PR cycles. In just seven months, the startup went from a UC Berkeley PhD research project to being valued at $1.7 billion. On this episode of TechCrunch's Equity podcast, Rebecca Bellan catches up with Arena co-founders Anastasios Angelopoulos and Wei-Lin Chiang to determine how a team like theirs can build a neutral benchmark when the companies they’re ranking are also their backers. Listen to the full episode to hear: How Arena actually works, and why its founders say you can't game it the way you mighta static benchmark. What \"structural neutrality\" actually means, and whether taking money from OpenAI, Google, and Anthropic is a conflict of interest. How Arena is moving beyond chat to benchmark agents, coding, and real-world tasks with a new enterprise product. Why Claude is currently winning the expert leaderboard for legal and medical use cases. Arena's bet on what comes after LLMs, and why agents are next on the leaderboard. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. Chapters: 00:00 Intro 03:00 How Arena's leaderboard works, and why it's different from static benchmarks 07:00 Reproducibility concerns and how to scale 08:45 Can Arena stay independent while taking money from the labs it ranks? 11:15 Diversity, fraud prevention, and abuse mitigation 18:15 Arena's \"data moat\" 19:20 Agent benchmarking and expert leaderboards 21:40 Open sourcing data 22:45 How do Arena's ranki…","meta_description":"Artificial intelligence models are multiplying fast, and competition is stiff. With so many players crowding the space, which one will be the best — and w…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1587,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/equity-55848/episodes/the-phd-students-who-became-the-judges-of-the-ai-industry/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/equity-55848/the-phd-students-who-became-the-judges-of-the-ai-industry.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}