mary

building — dm Il ex oxford, ex quant || ai x crypto

[mary @mmmhedge]

@karpathy software as scarce resource -> attention as scarce resource

[mary @mmmhedge]

@LexSokolin @SebJohnsonUK @CosineAI considering they plan to use it for cybersec/clinical/legal work, probably not

[mary @mmmhedge]

@zeno_ql @SebJohnsonUK @CosineAI really?.. but they claimed it’s built in house rather than open source backed

[mary @mmmhedge]

revolut really dominating all these commodity type offerings lately

[👽 @Earth2075]

After months of waiting, @Revolut mobile is finally available 🇬🇧🥳

It was so easy to sign up 👌🏼

[mary @mmmhedge]

already seeing some crazy SF migration of founders -> frontier labs. wonder how much further news like this will skew the market

[Andrej Karpathy @karpathy]

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

[mary @mmmhedge]

I guess my DXYZ investment is now irrelevant

[Polymarket @Polymarket]

We're excited to announce our exclusive partnership with Nasdaq Private Market.

Retail traders can now get exposure to private companies, one of the historically most profitable asset classes, exclusively through Polymarket.

[mary @mmmhedge]

@maxyatsuk literally. no liquidity=no mms=no efficient markets… doesn’t matter what the tech is

[mary @mmmhedge]

@KyleSamani @Baheet_ In market making you don’t need a “theo” (ie price you think is fair), you can just sit top of book. main issue is volumes - lack of liquidity makes rewards marginal. catch 22

[mary @mmmhedge]

@HHorsley people go where the money is. and atm its not in crypto

[mary @mmmhedge]

@Zainmbrk thank you for your service!

[mary @mmmhedge]

ok that was fast!

[zerohedge @zerohedge]

*CME TO CREATE FUTURES MARKET FOR COMPUTING POWER BACKING AI

[mary @mmmhedge]

@BahadirEfeoglu @BrettHarrison good point. at the same time CME doesn’t own the underlying physical oil either + standardization is possible

[mary @mmmhedge]

so cool to finally see compute derivatives. i wonder when energy markets will start pricing GPU demand more linearly instead of through datacenter proxies. soon we’ll have clean spark spread trades but for compute? 🤔

[Brett Harrison @BrettHarrison]

Compute futures have arrived: quarterly, monthly & yearly contracts on Nvidia H100/H200 prices trading on Architect. Purpose-built for companies with exposure to GPU price volatility. Intuitive trading interface, instant settlement, our team online 24/7.

[mary @mmmhedge]

@punk9059 for any tech-adjacent company this is inevitable. in crypto, tech difficulty used to be the moat, so we’ll probably see a cascade of these announcements

[mary @mmmhedge]

so many issues with physical settlement + possibly not worth it given you can simply lock in a rate/ enterprise subscription with model providers. plus unclear if eg Anthropic would like the idea of second order trading layer for their tokens. for open models idd makes way more sense

[mary @mmmhedge]

very bullish multi-agent orchestration/agent harnesses (eval/control layers). most teams will be built around these

[andrew pignanelli @ndrewpignanelli]

Announcing Cofounder 2: Run an entire company with agents.

It's the infrastructure for the one person billion dollar company - orchestrating agents across engineering, sales, marketing, ops, and design.

(and yes that's my real grandma in the video)

[mary @mmmhedge]

@ndrewpignanelli insane. though one big human cofounder edge: zero compute costs (redbull aside)

[mary @mmmhedge]

@Tom_Degen68 low fees and infra are definitely most important advantages, we’ll see if pm can catch up before the volume migrates

[mary @mmmhedge]

@izebel_eth mb that’s how they enter the options market (and not necessarily expand into what poly/kalshi are doing)?

still, good move to centralize trading and hedging spot for up downs