Marc Adesso

I counsel 'first ever' business leaders in their capital raising efforts, all to innovate, disrupt, and grow. All thoughts here aren't legal advice.

[Senator Tan Parker @TanParkerTX]

A major milestone for Texas: the @TXStockExchange will begin trading this summer, launching a new era for capital formation in America!

Over the past several years, I have been honored to help lead efforts in the Texas Legislature to strengthen our state’s pro-growth capital markets framework, work that helped make this moment possible. Texas is now poised to be the financial market leader while also expanding opportunity for workers, investors, and companies alike.

The TXSE is more than a new exchange, it is a clear signal that the future of American finance is taking shape right here in Texas!

https://t.co/tbN8snhOcp

[Sam Altman @sama]

Tonight, we reached an agreement with the Department of War to deploy our models in their classified network.

In all of our interactions, the DoW displayed a deep respect for safety and a desire to partner to achieve the best possible outcome.

AI safety and wide distribution of benefits are the core of our mission. Two of our most important safety principles are prohibitions on domestic mass surveillance and human responsibility for the use of force, including for autonomous weapon systems. The DoW agrees with these principles, reflects them in law and policy, and we put them into our agreement.

We also will build technical safeguards to ensure our models behave as they should, which the DoW also wanted. We will deploy FDEs to help with our models and to ensure their safety, we will deploy on cloud networks only.

We are asking the DoW to offer these same terms to all AI companies, which in our opinion we think everyone should be willing to accept. We have expressed our strong desire to see things de-escalate away from legal and governmental actions and towards reasonable agreements.

We remain committed to serve all of humanity as best we can. The world is a complicated, messy, and sometimes dangerous place.

[Elon Musk @elonmusk]

Congratulations to the Tesla team on making the first production Cybercab!

[Marc Adesso @MarcAdesso]

Tonight!: https://t.co/dOUSZvMHOy

[Marc Adesso @MarcAdesso]

@chamath C’mon down to Texas, Chamath!

[Marc Adesso @MarcAdesso]

It's good out here on the cutting edge, what with quantum computing for institutions and all! HUGE congrats to @NadaHosking, and the whole @FormationQ_ team!!!

[Baker Botts @bakerbotts]

Baker Botts was proud to represent @FormationQ_ in its eight-figure seed funding round and in its strategic partnership with the Cavendish Laboratory at the University of Cambridge. @DeptofPhysics

Learn more: https://t.co/R1hkDh8Szb

[Base Power @basepowerco]

Texas freezes don’t give much warning. One day it’s fine, and the next, it’s freezing and the power goes out. That’s why Texans are switching to Base Power: automatic, whole-home backup power, without the cost or hassle of generators.

[Chamath Palihapitiya @chamath]

Energy is the big bottle neck for AI.

In both physical and software AI, it’s not just that the ingredients need to change but the entire recipe does as well:

1) we need infinite and marginally costless energy. This will mean an ensemble of energy sources working together that can produce energy TODAY (ie nuclear not really an option before 2032, building a Nat gas or coal plant with a multi year backlog for parts also isn’t a near term option until 2030+) which means we will need Solar + Storage because it can go online 12-17 months from being greenlit. No way around it.

2) but for energy storage to scale economically in light of Foreign Entity of Concern (FEOC)/Prohibited Foreign Entity (PFE) you will need to find domestic LFP CAM providers for the ESS supply chain. There are very few.

3) you will need to step down the overall power footprint of the data centers which means HVAC needs to be rethought - an entirely new kind of heat pump must be invented. This new device while having a superior profile will also need to eliminate the forever chemicals which are now outlawed and must be sunset.

4) the chips themselves need to be re architected for performant, power efficient inference. Memory design, c2c, cabling and all manner of other design decisions that work well for training won’t likely scale for inference if inference is 100x+ bigger than training.

4) in physical AI, after storage (see above) abundant REs are essential for any form of motion/actuation. But getting REs out of the ground, into an oxide then into an alloy that can be made into Permanent Magnets….are a huge exercise in energy.

And the list goes on and on…
.
.
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My point is that if you are focused on AI, you should start paying attention to energy as it will be the gatekeeper of progress/change over the next few years in AI.

[Marc Adesso @MarcAdesso]

THIS WEEK: Super excited to be hosting the panel "Founders Tell All: From Oh Sh*t! to Aha Moments" this Thursday at 4:30pm at @bakerbotts - Austin's offices, and we’d love to have you there.

More Info/Register: https://t.co/Uj8cJoDgvY

[Marc Adesso @MarcAdesso]

Yes! Texas let’s hook ‘em productions: https://t.co/9G2Sh9Fdkb

[Marc Adesso @MarcAdesso]

Hot take- the new Tesla Model Y looks just like a Lucid.

[Marques Brownlee @MKBHD]

Tesla's big Model Y refresh is here

- Redesign with headlight and tail light bar
- New suspension + wheels
- Power folding second row seats
-Larger 15.4-inch center display
- 8-inch rear display
- 250kw supercharging

How we feeling about the new look? 👀

https://t.co/4p2WB9aG1p

[Elon Musk @elonmusk]

High time for an AI fashion show

[Marc Adesso @MarcAdesso]

New Delaware Code Section 122(18) expressly legalizes contracts that give pre-IPO stockholders the right to retain company control post-IPO. Great piece by my @bakerbotts colleagues Avner Bengera and Nikolai Gryzunov with all the particulars:

https://t.co/yypYN4kM7e

[Marques Brownlee @MKBHD]

This has to be hardest-to-explain thing I've ever tried. But it's so sick!

FULL VIDEO: https://t.co/O2LKrmlIX8

Disney Imagineering Labs let me walk on the "holotile" - essentially a 360-degree treadmill/moving floor for VR

[Merida Capital Holdings @MeridaCap]

The tax related aspects of Trulieve's earnings reports would seem to be a big story. And in typical @rivers_kim manner, they did it on their own in silence without filing lawsuits bc getting stuff done (as opposed to optics) is their method...which is perfect timing for our coming commentary which broadly discusses these types of corporate moves (born from an attitude of Nothing for the Swim Home) which admittedly is 2 weeks late but coming along soon.

[The Cannabis Farmer 🌱 🇺🇸 @PLegalization]

If the @JoeBiden administration DESCHEDULES cannabis I am 100% voting for Biden.

[Marc Adesso @MarcAdesso]

What a great event this was! Great hosts, great sponsors, great attendees- just a great time all around!

[Akerman LLP @Akerman_Law]

Last week Akerman, CBRE, Cboe and RSM US hosted the first annual Austin Public Company Forum. Thank you to everyone who came out to this event and made it such a success, and to our sponsors Toppan Merrill, Pharos Advisors, and Odyssey! #AkermanEvents #PublicCompanyForum

[Akerman LLP @Akerman_Law]

Last week Akerman, CBRE, Cboe and RSM US hosted the first annual Austin Public Company Forum. Thank you to everyone who came out to this event and made it such a success, and to our sponsors Toppan Merrill, Pharos Advisors, and Odyssey! #AkermanEvents #PublicCompanyForum

[Marc Adesso @MarcAdesso]

@Akerman_Law Yes, what a great event! Big thanks to the public company executives, general counsels, and consultants that came out to make this first-ever pubco fiesta an absolute blast!!!