13 Jun 2026
Signal Headquarters

Field Notes · 10 Jun 2026

Best explained

Human-in-the-loop eval set growth: domain experts flag difficult cases via a toggle, continuously expanding the eval set to track model improvements and catch regressions.

By the numbers

TRAM enables internal tax experts to work nearly two orders of magnitude faster with fewer errors compared to a fully human workflow.

New today — Evidence added

Lighter achieved over 10,000 transactions per second on Ethereum, the most in the Ethereum ecosystem, while using only approximately 1% of blob space.

Will Price

Tax experts can flag difficult cases via a toggle to add them to an ever-growing eval set used to track model improvements and regressions.

Alex Bowcut

New today — Sharp calls

Claude Code was used to produce a 90-page PowerPoint deck conducting due diligence on a private company investment by scouring the internet for feedback about the coding market.

Patrick O'Shaughnessy

Roughly 1 billion barrels of crude supply has been removed from the global market since the Strait of Hormuz closure.

Matt Smith

Matt Smith on the resilience of oil prices despite the Strait of Hormuz closure.

Matt Smith

New today — Useful context

Adobe is trading at approximately 10 times earnings on a clean adjusted basis while growing revenue double digits.

Rajiv Jain

China ratified UNCLOS in 1996 but claims freedom of navigation does not extend within 200 nautical miles of its coastline, directly contradicting UNCLOS's 12 nautical mile standard for territorial seas.

Sarah Paine

New today — Watchlist

I wrote up that this was $257 a month

Jason Lemkin

The total cost to run two AI VPs (marketing and customer success) is $257 per month.

Jason Lemkin

Tool watch

OpenAI is pitching a plan to donate equity to the US government to seed a public wealth fund, a move worth watching for its policy and governance implications.

Worth quoting

“It's not the P that's the bubble, it's the E.”
Andy Constan
“The most high value product of the Ethereum blockchain financially speaking is ETH the asset.”
Chris Berniski
“We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development.”
Jason Calacanis
“You cannot sell Bitcoin. If you are selling Bitcoin, the whole system breaks.”
Michael Saylor
“This isn't just a first for Anthropic, it's the first profitable quarter for any foundation lab.”
Nathaniel Whittemore
“Fundamentally we're an atta dal chawal company.”
Aadit Palicha