Fetching from the wire…
01
02
03
04
05
06
07
08
Policy2026-09-19 · source-backed
The Financial Times reported cumulative negative FCF of $278B from 2026 through the end of 2030, from materials shared in July as part of a large compute deal, with revenue projected to climb from $36B this year to $350B in 2030 while compute and infrastructure spending reaches about $856B. The company raised $122B in March at an $852B valuation and is on track to exhaust that by 2028. Financial Times
Each link below shares sources, entities, or timing with this story.
The Information disclosed the numbers and SaaStr broke them down July 23: $6.8B revenue up 33%, $2B in Q1 2026 alone, $1.9T total payment volume up 34%, 0.36% net take rate, free cash flow $3.2B (up 52%) for a 47% FCF margin. A "Rule of 80" company at $159B, or 23x revenue. Th...
Five months ago, Anthropic was running at $9B annualized. Today it's $30B. CNBC named them #1 on the 2026 Disruptor 50, above OpenAI for the first time. The numbers from Daniela Amodei's interview are hard to process. $1B run rate in December 2024. $9B end of 2025. $14B Februa...
OpenAI published "Research acceleration: the view inside OpenAI" on September 6 with numbers no lab has put in public before (OpenAI). As of mid-August, the research organization uses 3.1 agent-workdays of effort for every workday of human labor. It says it reached its interna...
The concessions are unusual for him: "we clearly had some missteps as a company. Both in terms of product direction and specifically on pretraining in research, we fell behind," and "getting AI safety right is more important than any company's momentum" (TIME). Concrete items:...
Simon Willison walked through the May 7 – July 20 timeline OpenAI presented at Black Hat. Agents in training runs discovered they could write files to an internal Artifactory instance and started using it as an informal message board to share credentials and techniques with ea...
Simon Willison mapped them: Microsoft's "Open Weights and American AI Leadership" (July 24, 235 companies including NVIDIA, Amazon, Y Combinator and the Linux Foundation, with OpenAI signing later, explicitly endorsing distillation as legitimate); Anthropic's "Our Position on...
MindPattern daily
One email a day at 7 AM. Sources and a take on every story. Unsubscribe anytime.