Bloomberg vs Sanoma

AI Native Startups Boost PR Output Tenfold

In a detailed essay, software engineer Neil Kakkar compares his productivity across three companies: Bloomberg, PostHog, and Tano. At Bloomberg and PostHog, he shipped 8-20 pull requests per month, while at Tano, an AI-native startup, he now ships over 200 PRs monthly, an 11x increase. This surge is attributed to AI coding agents like Claude Code, which handle end-to-end feature development, automated code reviews, and continuous integration. Key trade-offs include loss of human code reviews, increased context switching, and 'thrashing' from multitasking. Tano operates without human PR reviews, relying instead on an automated reviewer agent. The author notes that AI is a speed multiplier, but requires culture shifts and guardrails to prevent burnout. The essay highlights that AI-native startups can iterate much faster, but pre-AI companies can catch up by adopting similar practices.

• Neil Kakkar's PR output increased 11x at AI-native startup Tano compared to PostHog.
• Tano uses Claude Code agents to build features end-to-end and an automated code review agent.
• At Tano, PR merge time is less than one hour, and the revert rate is 6x lower than at PostHog.

MIAX Reports Q3 2026 Results: Net Revenue Up 20%

Miami International Holdings (MIAX), a technology-driven operator of regulated financial markets, reported strong third-quarter 2026 results. Net revenue grew 20% year-over-year to $131.0 million, driven by robust options business performance. Adjusted EBITDA surged 47% to $70.8 million, with margin expanding to 54%. Options exchanges achieved record average daily volume of 11.1 million contracts, up 15.2%, and market share rose to 17.4%. The company also achieved net income of $52.5 million, a significant improvement from the prior year's loss, aided by lower expenses and absence of IPO-related charges. MIAX launched new products, including Bloomberg index futures on NinjaTrader and four fertilizer futures contracts. The company lowered its full-year 2026 adjusted operating expense guidance to $254-$257 million.

• Q3 2026 net revenue grew 20% YoY to $131.0 million.
• Adjusted EBITDA increased 47% to $70.8 million with margin at 54%.
• Options average daily volume rose 15.2% YoY to 11.1 million contracts and market share reached 17.4%.

Frontier Labs Balance Agent Autonomy and Safety in Finance

At the AI Engineer New York conference, OpenAI, Anthropic, and financial firms like Two Sigma and Bloomberg discussed how to give AI agents useful autonomy while maintaining safety in financial services. OpenAI's Joseph Kim introduced the 'threshold of usefulness' concept, predicting agents will handle investment idea generation and trading by 2027. Anthropic announced 'Claude for Financial Advisors,' outlining a trust layer with identity, sandboxing, and approval mechanisms. Two Sigma's John Feminella detailed five composable controls, including auto-mode classifiers, to prevent approval fatigue. Bloomberg's Andrey Rybka highlighted defenses against agent mishaps, such as prompt injection defenses, scoped identities, audit trails, and kill switches. The consensus: safety depends on strategically placing controls and human judgment, not on the number of restrictions.

• OpenAI's Joseph Kim introduced the 'threshold of usefulness' concept, predicting agents will handle investment idea generation and trading by 2027.
• Anthropic announced 'Claude for Financial Advisors' and outlined a three-step trust layer for agents.
• Two Sigma's John Feminella presented five composable controls, including auto-mode classifiers, to balance autonomy and oversight.

Sanoma Corporation, Interim Report 1 January–30 September 2026: Strong growth in adjusted operating profit

Sanoma published its Q3 2026 Interim Report on 28 October 2026, reporting strong growth in adjusted operating profit.

Dyslexia Awareness Month: a strong start in reading for every child

Sanoma Learning publishes a new article for Dyslexia Awareness Month, emphasizing early reading support for children.

Sanoma House awarded an internationally respected BREEAM Excellent-level sustainability certificate

Sanoma House, the company's headquarters, has been awarded a BREEAM Excellent-level sustainability certificate, an internationally respected recognition for sustainable building practices.