Summary: raise the blobs, work hard on interop and security, think about economics. See the post for more details on each topic.
Ethereum's future is bright.
Announcing The Stargate Project
The Stargate Project is a new company which intends to invest $500 billion over the next four years building new AI infrastructure for OpenAI in the United States. We will begin deploying $100 billion immediately. This infrastructure will secure American leadership in AI, create hundreds of thousands of American jobs, and generate massive economic benefit for the entire world. This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies.
The initial equity funders in Stargate are SoftBank, OpenAI, Oracle, and MGX. SoftBank and OpenAI are the lead partners for Stargate, with SoftBank having financial responsibility and OpenAI having operational responsibility. Masayoshi Son will be the chairman.
Arm, Microsoft, NVIDIA, Oracle, and OpenAI are the key initial technology partners. The buildout is currently underway, starting in Texas, and we are evaluating potential sites across the country for more campuses as we finalize definitive agreements.
As part of Stargate, Oracle, NVIDIA, and OpenAI will closely collaborate to build and operate this computing system. This builds on a deep collaboration between OpenAI and NVIDIA going back to 2016 and a newer partnership between OpenAI and Oracle.
This also builds on the existing OpenAI partnership with Microsoft. OpenAI will continue to increase its consumption of Azure as OpenAI continues its work with Microsoft with this additional compute to train leading models and deliver great products and services.
All of us look forward to continuing to build and develop AI—and in particular AGI—for the benefit of all of humanity. We believe that this new step is critical on the path, and will enable creative people to figure out how to use AI to elevate humanity.
Grayscale Investments is seeking permission from the Securities and Exchange Commission to turn its Grayscale Digital Large Cap Fund $GDLC into an exchange-traded product.
#bitcoin#ethereum $SOL $XRP $AVAX
Read the full @WSJ article 👇 https://t.co/SfZtbEZUjQ
Throwing out a big thank you to @cronosapp@kris@kentimsit. CROfam takes care of their own better than any ecosystem I have ever been a part of. @corgiaiclub (max lock vault) has been the best investment of my life! #crofam#corgiai $CRO $CORGIAI
So you think we're in a bull market?
We're not, this has been the warm up. A full fundamentals driven bull market is marked by a break of the upper blue band.
When it breaks, TradFi is in for a shock.
If bitcoin adoption is now 1-5% then we will enter the vertical of the S-curve next couple of years.
On log scale (left) this just means more exponential growth until 50% adoption. For the linear thinkers (right) everything will change. Bitcoin might be substantially undervalued.
BREAKING: 🇯🇵🇸🇦 - World's largest oil company Saudi Aramco partners with Japanese finance giant SBI Holdings to explore investing in Digital Assets. 👀
#Bitcoin habibi...