Signal log.

The headline is a valuation/price commentary on TEAM stock (shares down 69%, looks undervalued), not about Atlassian's role as a system-of-record substrate or agent-economy positioning. It does not bear on any of the five thesis pillars.

Microsoft embedding 6,000 AI engineers directly with enterprise customers to accelerate large-scale AI adoption signals that MSFT is deepening its role as the operational substrate for agentic enterprise workflows — reinforcing the hyperscaler hedge thesis that Microsoft owns the records, permissions, and workflow engines enterprises will run agents on. This move strengthens MSFT's position as the incumbent SoR platform that agents will be built on top of, not around.

The partnership is primarily a marketing/brand deal focused on fan engagement and data visualization in a sports context, not a structural advancement of Salesforce's SoR or agent-economy substrate. While Agentforce is mentioned, the use case (F1 fan engagement) does not meaningfully advance any of the five SoR pillars — records, state machines, ownership, structural verbs, or queryable history.

Palantir's CEO arguing that AI's competitive moat is shifting to enterprise software directly supports the thesis that records-rich platforms (not foundation model providers) become the backbone of agent systems. This reinforces P1 — durable enterprise records and infrastructure, not content or model layers, are the strategic control plane.

Analysts describe Palantir as the "oxygen" behind enterprise AI, framing its software as the secure, structured substrate for AI operations rather than a content layer — directly supporting the SoR thesis that records-rich, permission-aware platforms become the agent control plane. The "faux pas" of giving OpenAI your alpha underscores Palantir's positioning as the trusted ownership/governance layer (P3) over enterprise data and workflows.