Karen (not that kind)

❤️🦋❤️

[Web3bull 🇳🇬 @UdousoBenjamin]

This week on freshly funded crypto/web3 startups.

In this video, I covered the following cool startups:

1. @USBD_Stablecoin
2. @OseroHQ
3. @charmsai

Note: If you're searching for job or would like to get hired. Pay close attention to them.

Bookmark and RT this video ❤️

[gnrly.xyz @gnrlyxyz]

@nickfloats Good chart to bookmark for situations like that lol

[Jenifer Rajkumar @JeniferRajkumar]

I was horrified to learn Penny the chihuahua was hospitalized when a couple let their pitbulls attack her on the UWS. The same owners are believed to have let the dogs kill another dog. That this is not a crime is a wakeup call to update our laws ASAP. I am introducing a bill now

[Sam Altman @sama]

GPT-4.5 is ready!

good news: it is the first model that feels like talking to a thoughtful person to me. i have had several moments where i've sat back in my chair and been astonished at getting actually good advice from an AI.

bad news: it is a giant, expensive model. we really wanted to launch it to plus and pro at the same time, but we've been growing a lot and are out of GPUs. we will add tens of thousands of GPUs next week and roll it out to the plus tier then. (hundreds of thousands coming soon, and i'm pretty sure y'all will use every one we can rack up.)

this isn't how we want to operate, but it's hard to perfectly predict growth surges that lead to GPU shortages.

a heads up: this isn’t a reasoning model and won’t crush benchmarks. it’s a different kind of intelligence and there’s a magic to it i haven’t felt before. really excited for people to try it!

[Dr. Simon @goddek]

#5 Last but not least, it is time for some good old name and shame. Did you know that the following products are guilty of this?

▪️ Most of the mayonnaise in the supermarket contains soybean oil. I wonder if @Hellmanns will ever explain why they are poisoning their own customers!?

▪️ Fries like McCain fries (@mccainglobal) are almost always pre-fried and often contain multiple omega-6-rich vegetable oils. Many people believe that preparing fries in an air fryer is healthy, but unfortunately, that's a myth.

▪️ While Italian pizzerias use olive oil, pizza fast-food chains use soybean oil instead. For example, at @dominos, the dough, tomato sauce, and dipping sauce all contain soybean oil. This is why pizza lovers in Italy are usually slim, while in the USA, they are often obese.

▪️ What's truly alarming is that they don't hesitate to poison even our youngest. Similac (@AbbottNews) baby formula is packed with harmful substances, including safflower and soy oil.

The best thing you can do is avoid processed food altogether. And if you still feel the need for it, please check the ingredients when shopping. The power lies with us consumers, and companies that shamelessly play with our health should no longer profit.

Cheers,
Simon (@goddek)

P.S. If you found this thread useful, please give it a share and me a follow.

[Ray Dalio @RayDalio]

I regularly see people ask totally uninformed or nonbelievable people questions and get answers that they believe. This is often worse than having no answers at all. Don't make that mistake.

#principleoftheday

[Doug Finke @dfinke]

Google CEO, Sundar Pichai, says:

#AI can dynamically compose UIs to meet individual needs, unlike today's static designs.

There will be entrepreneurs who figure out an extraordinarily good way to do it.

[Mckay Wrigley @mckaywrigley]

ChatGPT breaks down this diagram of a human cell for a 9th grader.

This is the future of education.

[Daniel Chesley @DanielChesley]

Github recently surveyed 500 devs at companies >1000 employees. Here is the TLDR:

[NWS New York NY @NWSNewYorkNY]

Check out this almost unbelievable time-lapse of wildfire smoke consuming the World Trade Center and the New York City skyline.

Those vulnerable to poor air quality, including seniors and young children, should limit time outdoors if possible.

More: https://t.co/ChRuWv7X6E

[LDV Capital @ldvcapital]

We were thrilled to see you all at our most recent LDV Happy Hour @glusman @tinybigdata @muratny @dwaxd @synthetivity @ozlubling @dN0t @CDersarkMD @dareensalama @mattruby @sebasacv @geekchicmoon @iconphas @dberkowitz @emigal @CamiloFosco https://t.co/Z3dtZrr39L

[CNN @CNN]

A seventh grader in Michigan is being praised as a hero for preventing his school bus from crashing after his bus driver lost consciousness, according to a school official. https://t.co/5HM1rx074S

[Nick St. Pierre @nickfloats]

There are 14,412,260 people in the Midjourney Discord server.

[Chamath Palihapitiya @chamath]

If you invent a novel drug, you need the government to vet and approve it (FDA) before you can commercialize it.

If you invent a new mode of air travel, you need the government to vet and approve it (FAA) before you can commercialize it.

If you create a new security, you need the government to vet and approve it (SEC) before you can commercialize it.

More generally, when you create things with broad societal impact (positive and negative) the government creates a layer of review and approval.

AI will need such an oversight body. The FDA approval process seems the most credible and adaptable into a framework to understand how a model behaves AND its counterfactual.

Our political leaders need to get in front of this sooner rather than later and create some oversight before the eventual/big/avoidable mistakes happen and genies are let out of the bottle.

[Jesse Middleton @srcasm]

Proud of @thecatmiddleton, Gina, and Nick Shekerdemian for what they've built at @hellotvc. Since 2019, their small but mighty team has amassed over $150M in AUM, has launched a SPAC, backed countless brilliant entrepreneurs, and has started on their second fund as a venture firm.

As @Ventureneer shares in her @Forbes article, "Solving wicked problems—complex interconnected societal challenges—used to be the province of government and philanthropists. Now startups are tackling challenges like climate change, access to healthcare, and equality. A VC firm, [The Venture Collective], sees massive opportunities to profit and do good." 👏🏻

https://t.co/LiBE7k4bJY

[Mckay Wrigley @mckaywrigley]

Greg Brockman (@gdb) of OpenAI just demoed GPT-4 creating a working website from an image of a sketch from his notebook.

It’s the coolest thing I’ve *ever* seen in tech.

If you extrapolate from that demo, the possibilities are endless.

A glimpse into the future of computing.

[Sam Altman @sama]

here is GPT-4, our most capable and aligned model yet. it is available today in our API (with a waitlist) and in ChatGPT+.

https://t.co/2ZFC36xqAJ

it is still flawed, still limited, and it still seems more impressive on first use than it does after you spend more time with it.

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.