Most assets reversed back to levels that started the week.
But the consequences of this VaR shock will last longer in higher risk expectations ahead.
Very unlikely managers return to the low-risk euphoria just weeks ago at the highs.
More likely further deleveraging to go.
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog
https://t.co/e9Ek01Dism
Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.
The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog
https://t.co/e9Ek01Dism
@ASvanevik Being competent doesn’t win votes. Saying the right message to the right audience does. Saying vs doing the right thing is a totally different ball game.
OpenAI doesn't use ChatGPT to power its customer support chatbot. This is everything you need to know about using LLMs for anything more important than generating noisy training data and RAG.
Integrating AI into our economy will provide a form of leverage for human capital.
Augmenting white collar workers with LLM's = intellectual leverage.
Augmenting blue collar workers with robots = operational leverage.
This will help us achieve far more, much faster.
the fight for the future is a struggle between technological-driven growth and managed decline.
the growth path has inherent risks and challenges along with its fantastic upside, and the decline path has guaranteed long-term disaster.
stasis is a myth.
Wow, I mean, if you had told me 3 years ago that:
FTX
Binance
BlockFi
Terra
Celsius Network
Voyager Digital
Three Arrows Capital
Gemini Trust
Hodlnaut
And hundreds of other companies were all run by frauds
I would have absolutely believed you
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.
We are collaborating to figure out the details. Thank you so much for your patience through this.
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.
We are collaborating to figure out the details. Thank you so much for your patience through this.
OpenAI is going to collapse
Microsoft, Google, and anyone with a budget is going to raid what’s left of the team that doesn’t go with Sam
The entire poker table has been tossed over… chips, drinks, cards, players strewn everywhere — complete chaos.
And chaos is a ladder
It’s anyone’s game now
This implosion will great for the industry… it’s on!