The Frontier Circular · №3
A palace gazette of trivial movements, recorded with the gravity they deserve.
- Mr. Altman appeared on CNBC and informed the host that OpenAI had filed an S-1. The host, who had read the press release forty minutes earlier, professed surprise.
- Mr. Amodei did not appear on CNBC. The Anthropic communications team was, as ever, busy.
- Mr. Musk attended the SpaceX roadshow opening in person. He brought, per a person who was in the room, a Diet Coke and a small folder. The folder was, by all accounts, the prospectus. He did not open it.
- Ms. Friar declined to specify the inference gross-margin trajectory for calendar 2027, pointing to a shortage of compute: “there’s just not enough tokens available.”
- Mr. Ghodsi has long said Databricks will go public but has avoided committing to a firm date. Recent reporting points to 2027 as the likeliest window.
- Mr. Wang, of Meta Superintelligence Labs, formerly of Scale AI, was at filing both — and his X biography wears both name tags: “chief ai officer @meta, founder @scale_ai.” It closes, “rational in the fullness of time.”
- The strategists at Bank of America, on 5 June, advised clients in writing to “take profits,” noting that seventy per cent of the firm’s own bear-market signposts had triggered. The Nasdaq fell roughly seven per cent that week. The clients, per the syndicate sheets, remained in the queue for SpaceX.
- The corkboard has, for the first time in three issues, been re-felted in green, used to indicate valuations above $500bn. Red string remains for cap-table relationships; aqua for cloud commitments; yellow for NVIDIA, which is in everything.