From Goldman's Delta-1 head, Rich Privorotski:
"A panel of Gemini 3 Flash, Kimi K2.6 and DeepSeek V4 Pro, fused together, beat solo GPT-5.5 and solo Opus 4.8 outright, while landing within 1% of Fable 5 at roughly half the cost.” (Openrouter -X ) If true, this is exactly the direction of travel the market has been underestimating. The race for intelligence increasingly feels as though it is shifting from a handful of labs toward model orchestration and open-source ecosystems. That is simultaneously bullish and bearish. Bullish because lower costs and broader access should ultimately drive more token consumption and more compute demand. Bearish because it accelerates token deflation and raises questions around the durability of model economics. The trillion dollar question remains whether lower intelligence costs ultimately create more demand than they destroy pricing power."
@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
After the Japanese government officially stated it had asked the US via diplomatic channels not to use copyrighted Japanese anime without permission, the White House shared a video using clips from Yu-Gi-Oh, Dragon Ball, My Hero Academia, and Persona.
From Goldman's Delta-1 head, Rich Privorotski:
"A panel of Gemini 3 Flash, Kimi K2.6 and DeepSeek V4 Pro, fused together, beat solo GPT-5.5 and solo Opus 4.8 outright, while landing within 1% of Fable 5 at roughly half the cost.” (Openrouter -X ) If true, this is exactly the direction of travel the market has been underestimating. The race for intelligence increasingly feels as though it is shifting from a handful of labs toward model orchestration and open-source ecosystems. That is simultaneously bullish and bearish. Bullish because lower costs and broader access should ultimately drive more token consumption and more compute demand. Bearish because it accelerates token deflation and raises questions around the durability of model economics. The trillion dollar question remains whether lower intelligence costs ultimately create more demand than they destroy pricing power."