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Decoding Anthropic: The eBook
Eleven essays on the company that ruled the first agentic cycle - collected as it prepares to face the public markets.
Aug 13
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Raphaëlle d'Ornano
13
The Compute Trap 2.0: How Anthropic Refinanced Its Single Point of Failure
Anthropic solved compute access with ~$450B of announced commitments. The $10B Volta deal shows a new blueprint for their financing. What the S-1 must…
Aug 11
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Raphaëlle d'Ornano
13
1
The Hyperscaler Dispersion: Why the J-Curve Lands Differently for Google, Amazon, Microsoft and Meta
Q2 revealed the hyperscalers becoming the agentic economy's landlords and financiers - and value migrating to the ends of their stack.
Aug 4
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Raphaëlle d'Ornano
11
July 2026
Stripe’s $10 Billion OpenRouter Bid: The Race to Control the Machine Economy
A Stripe–OpenRouter deal would fuse AI model routing with payments, giving Stripe a shot at capturing the transaction layer for a machine economy run by…
Jul 28
•
Raphaëlle d'Ornano
15
1
2
Orchestration Economics: What the AI Labs Are Really Building (Chapter 12)
As OpenAI and Anthropic race beyond models, coding agents, control planes and enterprise context are becoming the real battleground. These are the keys…
Jul 23
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Raphaëlle d'Ornano
19
1
1
The Eighth Tremor: Kimi K3 Just Broke the Economics of the AI Model Race
Moonshot AI’s 2.8-trillion-parameter open-weight model has beaten Anthropic on a major coding leaderboard. It could crush mid-tier model pricing while…
Jul 21
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Raphaëlle d'Ornano
12
2
Orchestration Economics: The AGNT Archetype (Chapter 11)
When intent, context and workflow control converge, they create a new structural role: the orchestrator. This is the primary locus of value creation and…
Jul 16
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Raphaëlle d'Ornano
18
3
SpaceX’s $22.7 Trillion AI Black Hole: Anthropic Wrote the Playbook. Now SpaceX Must Run It at Double Speed.
Wall Street priced SpaceX for an enterprise AI empire no bank can yet model. The valuation gap that began as an $800 billion black hole is now nearing…
Jul 14
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Raphaëlle d'Ornano
19
Orchestration Economics: The Third Law: Workflow Intelligence Secures Control (Chapter 10)
The first two laws describe what you own. The Third describes how you work and whether that matters.
Jul 9
•
Raphaëlle d'Ornano
14
1
‘Madman Karp’: Palantir CEO's Case Against OpenAI and Anthropic Is Only Half Right
Palantir's Nvidia deal exposes a deeper battle over enterprise AI. Alex Karp correctly diagnoses the problem, but mistakes where the next durable…
Jul 7
•
Raphaëlle d'Ornano
12
1
2
Orchestration Economics: The Second Law: Context Builds Moats (Chapter 9)
Only an agent with deep operational context produces reliable outcomes.
Jul 2
•
Raphaëlle d'Ornano
15
1
June 2026
'Non-AI'? Why Alan May Be One of Insurtech’s Most Deeply AI-Integrated Companies
The Financial Times' mislabeling of the French insurtech reveals a deeper market blind spot: the biggest winners of the Agentic Era will be firms that…
Jun 30
•
Raphaëlle d'Ornano
10
1
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