Big cap internet has somewhat same factor as software which I sort of get but also most of those businesses are aggregators / network effect businesses Range of outcomes far more narrow than software and many of them are far cheaper

Are you getting paid enough for the risk you’re taking? Don’t compare headline APYs, compare risk-adjusted returns. Only sUSDx sits on the efficient frontier.

This is fascinating. TL;DR > Networks of smaller AI models are outperforming frontier models > The cheapest way to get Fable performance is any permutation of GPT and Fable > The playbook is to take any frontier AI model, find the next-best (cheaper) frontier AI model, ensemble it with the leading open source model, and now you’ve got a cheaper version of the frontier > So called “Frontier AI Companies” will never again achieve the accuracy/cost/speed frontier > The frontier is now owned by the network of leading models and companies

This is a *way* bigger deal than it seems... Frontier AI companies will *never* own the frontier again I kid you not... I've been waiting for someone to show this result for like 4 years... this is a huge deal. The short reason: combinations of models will *always* outperform individual models The long reason: this is the gateway to a million times more data... and huge leaps in compute efficiency. The AI scaling laws always win. More in article below 👇

Thanks, Anthropic, for helping protect Zcash users. At Shielded Labs’s request, they ran a security audit of Zcash with Mythos. It did not find any more serious bugs in the Zcash protocol. Shielded Labs and others are continuing security hardening work. Stay tuned for updates.

If you're wondering what happened to Solana @PreStocks SpaceX, they got absolutely crushed and are now trading around ~$112 (after 5:1 split), implying a ~40% discount to the underlying shares. Turns out there's a 180-day lockup before preStocks can be converted into real shares (I suspect very few people were aware of this). So holders have two choices: dump into a thin-liquidity market at a steep discount today, or wait 180 days and convert at full value. Looks like many crypto degens are choosing the former. Interestingly, this issue doesn't exist (and couldn't exist) in the $SPCX perp market. Pre-IPO markets only make sense to trade via perps. Hyperliquid.

한국 어머니들은 원래 이렇게 사기캐인가요? 어머님이 WF6의 3차 파급 효과(third-order effect)에 따른 공급망 차질을 파악하셨다니 정말 놀랍습니다. 중국의 대(對)일본 텅스텐 수출 통제로 인해, 전구체 부족 및 원가 상승이 발생하여 글로벌 공급망의 25~35%가 타격을 입게 된다는 사실을 말이죠. 게다가 후성(093370)이 SK하이닉스 같은 메모리 반도체 제조사들에게 얼마나 중요한 기업인지 짚어내시고, 이 공급망에 얽힌 수많은 기업들 중에서도 시가총액 12억 달러(약 1조 6천억 원) 규모의 이 한국 기업을, 해당 병목 현상에 투자할 수 있는 가장 최적의 저평가된 투자처(exposure)로 정확히 발굴해 내시다니요? 진심으로 감탄했습니다.

in general i think there are some fuck you candles to be had from this model delisting meme. if they were to be in crypto it would be on one of these 2. but crypto not super responsive these days. in stocks not sure the trade yet and no wknd

Ya idk about that man If the Us government decided it’s illegal to operate these things normies aren’t going to run tornado cash on their computers