Field Notes · 13 Jun 2026
Best explained
Anthropic's vague 'potential serious harm' standard in its data retention policy creates ambiguity for legitimate professional use cases, such as lawyers handling government surveillance litigation, making compliance unpredictable.
By the numbers
Cloudflare reported that agent and bot browsing now accounts for more web use than human browsing.
New today — Evidence added
OpenAI's annualized revenue run rate has exceeded $225 billion, but cash burn is $27 billion for 2026.
Ryan Sean AdamsSalesforce will spend $1 billion on Anthropic tokens within two years, up from $300 million.
MarkNew today — Sharp calls
Samuel Roman on Anthropic positioning itself as gatekeeper for frontier AI access versus the state.
Samuel RomanNew today — Useful context
Meesho spent zero rupees on marketing for 10 months while doubling in size every month, driven by a capital constraint.
Vidit AatreyNew today — Watchlist
Apollo will provide daily estimated values for its investment grade private products by June 30, 2026.
Marc RowanClay's Net Dollar Retention (NDR) is close to 200%.
Becca LindquistThe private credit secondary market grew from approximately $10 billion in 2024 to approximately $20 billion in 2025.
John CockeBen Cera granted Pulsia's AI autonomous control of his email inbox for 14 days to conduct fundraising outreach on his behalf.
Ben CeraSpeechify produces roughly 8,000 organic creatives made by humans every single month.
Cliff WeitzmanResults from the blindness treatment trial using three genes will be known within approximately one year from the podcast date.
David SinclairLegora generated over $50 million of qualified pipeline in a single month from a Jude Law brand campaign.
Patrick ForquerReplit has deployed an internal agent that autonomously analyzes traces, generates pull requests with prompt changes, and deploys them to production, creating a self-improving system.
Amjad MasadTool watch
Goldman Sachs and JP Morgan are exploring compute futures as a financial instrument to hedge data center exposure, signaling Wall Street entry into AI infrastructure markets.
Worth quoting
“This isn't just a first for Anthropic, it's the first profitable quarter for any foundation lab.”Nathaniel Whittemore
“It's not the P that's the bubble, it's the E.”Andy Constan
“Fundamentally we're an atta dal chawal company.”Aadit Palicha
“Any company who takes that call that we're going to respond to the market is already dead.”Harshil Mathur
“You cannot sell Bitcoin. If you are selling Bitcoin, the whole system breaks.”Michael Saylor
“The most high value product of the Ethereum blockchain financially speaking is ETH the asset.”Chris Berniski