professionally unimpressed by consensus
love finance, tech and everything that makes the world move
old enough for this platform, young enough to talk money
why is almost nobody talking about the financing behind AI models? what if the next big AI story is not about a model release but about who can keep funding the infrastructure?
@LeadingReport these are hardly allegations at this point. white house built a website with details about the entire virus and how it was manufactured in a lab
bitcoin's near $65k and crypto's total market cap just crossed $2.17 trillion. bitcoin ETF inflows are on pace for their weakest month ever at the same time. the price and the actual demand for the regulated, boring, easy-to-buy version of it are telling two different stories this month
saylor posted this week that bitcoin's "gravest threat is corruption from within" and that anyone touching the core protocol is trying to turn freedom into permission. same week, strategy reported an $8.2 billion quarterly loss tied to its own bitcoin holdings. the ideology is airtight. the balance sheet is doing something the ideology didn't budget for
@unusual_whales how exactly is AI making them less intelligent? AI is probably making it easier for them. intelligence in some people is questionable anyway
ICE just agreed to buy MarketAxess for $5.7 billion, a 33% premium to where the market already had it priced. when the buyer won't take a deal at anything less than a third above the going price, that's not generosity, that's an admission the market was underpricing it before the offer showed up
@WatcherGuru this is actually scary for people who are investing in bitcoin. i know someone who lost their savings invested in bitcoin because their wallet was hacked
GDP grew 1.5% this quarter, economists expected 1.8%. jobless claims rose to 197k. core inflation held flat at 3.3%. growth is slowing, hiring is slowing, and inflation still isn't moving. that combination doesn't have a good name yet because nobody wants to be the one to say it first