Happy Nvidia Day, Salesforce Earnings with Marc Benioff, Anthropic's New Stance on Safety | Doug O'Laughlin, Maxwell Meyer, Ben Lerer, Michael Manapat, Adam Warmoth, Connor Sweeney, Matthew Harpe

**Jordi Hays** (0:00)
You're watching TBPN.

**John Coogan** (0:02)
Today is Wednesday, February 25th, 2026 We are live from the TBPN Ultra Dome, the Temple of Technology, the Fortress of Finance, the Capitol, the Capitol, the Capitol. The time is money, saved all, easy to use corporate cards, bill pay, accounting, and a whole lot more, all in one place. We have a massive show for you today, folks. We got Doug O'Laughlin coming on on his birthday. The Duganator. To talk about any media earnings, talk about a birthday present. We got Marc Benioff from Salesforce coming on.
Let's take you through the Linear line up. Max Meyer's coming on from Arena Magazine. There's a new issue dropping. 007, spy theme. I love it. Ben Lerer's coming in person. And then we have an absolute hitter of a lightning round for you folks. Linear, of course, is the system for modern software development. 70% of enterprise workplaces on Linear are using agents. Okay, so I was nerding out about this Fed paper because it's like when you told John Collison, 80% of businesses are getting no value from AI. I was, I'm glad he wasn't here in person because he was about to throw down.

**Jordi Hays** (1:09)
He was about to open up a can of whoop.

**John Coogan** (1:11)
It was about to be a bar fight in the Cheeky Part Pub. In the Cheeky Part Pub. No, seriously, it was a great question because I think we all agree that like AI adoption is real, it's valuable, it's happening, but it is a very interesting statistic and I think it's a mistake for tech people to dismiss this stat because of where it's coming from. It's not coming from some doomer, anti-AI blogger who's going for clicks. This is the National Bureau for Economic Research. There's three members of the Atlanta Fed on the Federal Reserve Bank there on this paper. There's two people from NBER on the paper and then they also pulled in the Bank of England, they have some Australians and Germans on there too. So this is a research paper that could be circulated, probably will be circulated within the Fed. I think that it's already getting quoted by The New York Times in that.com bubble, AI bubble piece, and I'm thinking it through, like this could be something where you see Fed policy or government legislation that's sort of mismatched with what is actually happening in reality. And so we should go through some of the stats to actually break this down because the headline is, 80 percent of firms reported that AI was having no impact on their productivity or employment.
And that's actually like a misquote. Like, what they mean by that is that it's not shaping their hiring plan yet. They actually are using AI. And so basically this stat comes from this survey from the National Bureau of Economic Research. And it's pretty interesting because a lot of the polls that you see online are online surveys where they say they run some digital ads and they say, are you a CFO of a company? We don't really care what company will pay you. $10 to take this quick survey.

**Jordi Hays** (3:09)
And what kind of people want to make $10?

**John Coogan** (3:12)
A lot of liars. There's a lot of liars out there who say, I am absolutely a CFO and please send that Amazon gift card right my way. Right. And so for this one, they actually did the work. They called up and ID verified and then also reality check the position. So if you say, yeah, I'm the chief pirate officer. I'm the ninja hero, whatever. You got some fake title.
You're out of the survey. You have to be a CFO, a CEO, senior manager and you actually had to be doing that job. It's not just like, oh, you're a CFO of some front company. So they did some reality checking and they pulled together 6,000 of these business leaders across firms that are domiciled in the US, UK, Germany and Australia. And so the line from John Collison that has been sort of going viral, that was he dropped it on sources. I think he said it to us too. It's a good line. No one wants a refund on their tokens. Everyone is using AI, the spend is increasing.

**Jordi Hays** (4:12)
Although I'm sure some CEOs heard that and thought, I kind of do want a refund.

**John Coogan** (4:17)
I love a refund.

**Jordi Hays** (4:18)
I had one team member go absolutely haywire and spend 50 grand.

**John Coogan** (4:23)
He's one shot. He claims that he rebuilt our entire ERP, but I fired it up and it didn't even have HTTPS. What's going on?