cutbank

on the edges // prev @collab_currency

[Derek Edws @derekedws]

i spent monday afternoon meeting with the @SECgov Crypto Task Force in Washington DC

the topic:

AI, Crypto, and America

joining me were four of my @collab_currency portfolio companies building in the open source and decentralized AI space

@NousResearch (@dillonrolnick, COO)
@PrimeIntellect (@jimmy_811, COO )
@404gen_ / @opentensor (@6329, CEO)
@actualinc (@Tom_A_Lynch, CEO)

the @SECgov Crypto Task Force came ready to learn

we all left blown away by their curiosity, thoughtfulness, and their clear respect for teams working on hard problems across the AI and blockchain spaces

over the course of 90 minutes, our discussion with the crypto task force ranged from the benefits of building decentralized AI protocols, the role of energy markets on SME, america's unused/idle compute and utilization rates, along with new innovations in post-training that favor open infrastructure (e.g. reinforcement learning)

we also discussed the role of applying blockchains and crypto to open source AI systems, where unique markets can form around any job across the AI stack in distributed settings -- data, compute, training, among others

the north star view i shared was simple:

using blockchain-based networks, i believe it will be possible to build AI systems in the future with (a) SOTA performance, (b) greater transparency, and (c) more equitable ownership for millions of american citizens

these milestones will not happen tomorrow

but they will happen

and they'll be accomplished by teams like @nousresearch, @primeintellect, @404gen_ / @opentensor, @actualcomputer, and hundreds of other american projects building with a bias toward open and community-owned infrastructure

thank you to @collab_currency COO @zackrosenblatt_ for helping organize the killer event

thank you to @SECgov Crypto Task Force Chief Counsel @michaelselig, and to the other members of the Crypto Task Force for your generous time

we were grateful to share a few of these ideas with the task force

and deeply proud of the work you're putting in on behalf of the country

[Raster @raster_art]

Introducing… Raster!

A new digital art marketplace from @0xmetaclass and @thefunnyguysNFT.

We’re making art collecting delightful by solving digital art's biggest headache: fragmentation.

[Zack Rosenblatt 🍜 @zackrosenblatt_]

🍜

[cutbank @_cutbank]

@IsmaTaziS @artblocks_io big congrats 👏👏

[Zack Rosenblatt 🍜 @zackrosenblatt_]

@Dorm_DAO’s second annual “nyc interns & alumni dinner” — this year w/ sushi making 🍣

few things are more fulfilling than watching our brilliant alumni thrive in industry + return to inspire the next class of leaders.

@Dorm_DAO is family ❤️

[Charlie @0xBroze]

https://t.co/zjYvCUiUaC

[cutbank @_cutbank]

@Ronangmi @believeapp @token_works HIP-3

>soon

hyperliquid

https://t.co/ayb3I1eJz6

[bedlam research @bedlamresearch]

The Design Space for Builder-Deployed Perps

In this piece @VelvetMilkman, @DougieDeLuca, @0xmarc and @0xkrane discuss the rich yet unexplored landscape of HIP-3 Builder-Deployed Perps on @HyperliquidX

[cutbank @_cutbank]

@oregonblock 🐐🦆

[cutbank @_cutbank]

genesis

by @clairesilver

created april 2022

early expressions of ai art, etched on-chain

[cutbank @_cutbank]

hyperstrategy

[MLM @mlmabc]

Eyenovia, a publicly traded company, is buying $50M worth of HYPE and staking all of it

https://t.co/lLmrEkM1bu

H/t @ericonomic

[cutbank @_cutbank]

@usd_hl this is what happens when you take the underlying treasuries revenue from a fiat-backed / cash-backed stable and reward the community instead of internalizing to a private balance sheet.

hyperliquid

[cutbank @_cutbank]

@toadswiback redbox dvd enterprise (outside of cvs)

theology studies at the university of phoenix (online)

the enigma will always deliver on utility

[Prime Intellect @PrimeIntellect]

Releasing INTELLECT-2: We’re open-sourcing the first 32B parameter model trained via globally distributed reinforcement learning:

• Detailed Technical Report
• INTELLECT-2 model checkpoint

https://t.co/tIKbtUlJQH

[Nous Research @NousResearch]

Reinforcement Learning in the era of LLMs requires scalable, distributed systems to push the boundaries of reasoning and alignment.

Today - we release Atropos - our RL environments framework.

https://t.co/gJGzN7MS5T

Atropos is a rollout framework for reinforcement learning with foundation models that supports complex and diverse environments for advancing the capabilities of foundation models.

In Greek mythology, Atropos was the eldest of the three Fates. While her sisters spun and measured the threads of mortal lives, Atropos alone held the shears that would cut these threads, determining the final destiny of each soul. Just as Atropos guided souls to their ultimate fate, this system guides language models toward their optimal potential through reinforcement learning.

The work on Atropos was led by @dmayhem93 and built alongside @teknium, @rogershijin, @max_paperclips, @nullvaluetensor, @JSupa15, @artemsya and @karan4d

[Prime Intellect @PrimeIntellect]

We did it — the first decentralized RL training of a 32B model is complete!

Full open-source release is coming in ~1 week, including: checkpoints, data and a detailed technical report.

[Nick Grossman @nickgrossman]

I spoke with @awrigh01, co-founder and CEO @tributelabsxyz for the latest episode of the Slow Hunch pod.

We explored the evolution of organizational structures from joint stock companies to DAOs, and how AI agents are increasingly becoming part of these decentralized systems.

At @usv, we've backed Aaron's vision of thin technology layers enabling open coordination and collaboration at scale - from hundreds to potentially millions of people, "just like the internet wanted it" in Aaron's words. :)

[cutbank @_cutbank]

@0xBroze @halo_usd 👏🔥

[Dorm🍜 @Dorm_DAO]

1/ Dorm Builders 🤝 Endgame Summit

After 15 weeks of building, we’re excited to have our eight student teams showcasing their Bittensor projects on stage at @Endgame_Summit in Austin!

Shoutout @collab_currency, @opentensor, @yumagroup, @fish_datura, @mogmachine &  @JosephJacks_ for providing this unforgettable experience to our squad❤️

[Derek Edws @derekedws]

AI x Crypto

last month at my investor AGM in new york

i gave a < 8 minute lightning talk on the AI x Crypto intersection

briefly covered both infrastructure and application layers

check out the talk if you’re interested, i created it to be approachable for all audiences

i'll also add here a few policy points that didn’t make my talk

across the last few hundred years, america has created unprecedented opportunity for individuals and businesses, in large part because of our country’s long revered bias towards market competition and entrepreneurship

on the eve of AGI, i believe we have a responsibility to renew our identity as a leader on these dimensions

i think this can be accomplished, in part, by orienting our country’s AI policy goals towards crypto based systems

i dive further into this idea in my essay from january:
https://t.co/qrXYX7oRAU

empowering these two technologies to integrate together will likely catalyze widespread participation in open source and community-owned networks, through incentivized contribution at all layers of the AI stack

over time, this will stimulate richer competition in all categories of AI creation, and encourage new forms of bottoms-up mobilization and broader social impact

and best of all

blockchains allow any individual to provably own the digital objects, work, systems, and infrastructure we’re collectively creating around AI and synthetic intelligence systems

anyway

no one has all the answers here, but i continue to believe there’s a north star for humans at this intersection

i hope you enjoy the talk and ideas presented

[cutbank @_cutbank]

@alexgedevani @Sfermion_ 👏 🫡