Decagon

Deals

Anthropic's reported $2 trillion IPO rests on customers like Harvey, whose gross margin fell below minus 50%

Harvey's books show why the two customers carrying a fifth of Anthropic's first-half revenue have an exit: post-train open weights, keep Claude for the hard 20%. The prospectus must price both.

October 24, 2026two-minute read

Deals

ServiceNow said no to buying Decagon and got paid 5% for the answer

Decagon hired a bank to sell at a $4.5 billion mark, and the buyer its report named said no on the record. ServiceNow shares jumped 5% on the denial and Salesforce gained 4%: the platforms got paid to promise they will build AI agents rather than buy them.

October 17, 2026three-minute read

Applications

ServiceNow's two launches in two weeks skip its $2.85 billion Moveworks buy; GAAP margin falls to 4.1%

The October 15 EmployeeWorks release names Moveworks, the $2.85 billion acquisition beneath it, zero times, and only one briefing credits the deal. Results on October 28 will test whether the bought code is shipping or being built over.

October 16, 2026three-minute read

Secondary market

Anthropic's reported $2 trillion IPO rests on customers like Harvey, whose gross margin fell below minus 50%

ServiceNow said no to buying Decagon and got paid 5% for the answer

ServiceNow's two launches in two weeks skip its $2.85 billion Moveworks buy; GAAP margin falls to 4.1%

Greptile drops the seat fee and charges $1 a review

Cloudflare blocked 13.47% of AI bot requests in Q3, up from 5.98%; vendors sell agents the way in

Sierra built the agent front door and the detector; Shopify's $30.8 billion rally needs the gates open