Immutable Edge 🧵 retweeted
@ChairmanSelig Releases Statement on Equity Perpetual Futures: cftc.gov/PressRoom/PressRele…
Welcome $ICE, @standuquesne
Hyperliquid.
Only crypto asset worth pitching to Tradfi.
I bet every crypto institution pitching to TradFi can only talk about $HYPE.
This is the first protocol you can genuinely pitch to TradFi: $1 billion in buybacks in 6 months, insane growth, builder codes, HIP3, 97% buybacks...
Nothing is easier to pitch.
The Iran war locked in US tech leadership for the next 50 years while the rest of the world fights oil and food costs. Once the war ends and financial conditions ease, there’s a clear incentive to pop the bubble — otherwise catch-up trades like Shanghai 50 start looking very interesting.
They are even crashing coinbase.
"COINBASE GLOBAL INC: SOME USERS MAY CURRENTLY BE UNABLE TO CONVERT BRL TO BUY/SELL CRYPTO ON COINBASE"
OPEN AI has 0 data retention
Antrophic has 30 days data retention on Fable.
WOW so unexpected the result ....
wow what a surprise that after Antrophic launches models with no data retention the consumption surge vs open ai... lol
xitter.gq/PeterJ_Walker/status/2…
Immutable Edge 🧵 retweeted
between higher exploration because of AI and dollar devalue, makes sense commodities go up but at end of the day royalty land owners will be the main benefactors.
Exploration should go up but costs might go down due to robotics.
Everyone’s talking local models, but for small/old companies isn’t the cyber risk of going on-prem pretty high? Constant dynamic defense needed + no hyperscaler to back you if an incident happens.
Also odd that many cybersecurity stocks are so expensive — some individual ones valued like big slices of Amazon while AMZN has massive traffic share and strong cyber offerings.
Underrated point for hyperscallers, no ?
There’s this recent pull toward old money, old values, and a kind of constant déjà vu. At the same time technology keeps moving. The combination makes mechanical, nuclear, fusion, or just plain hard engineering startups feel more interesting than another virtual product. Virtual starts to look boring next to something you can actually touch.
The Alaska version is still the extreme case: one person, a bunch of robots, becomes a billionaire by going after a commodity. Even short of that, a friend who put $100k into some ai/robot investment in your city and is now pulling $50k a year in real income. Not paper gains.
A strong business cycle usually compresses stock multiples, good earnings isn´t good for stocks. Economies of scale will matter eventually (the biggest players and their robot fleets just get bigger), but that feels like a longer-term force. In the meantime the capital needed for real operations is large, so more money has to go somewhere other than stocks.
What would you tell a friend with $100k and no stock/crypto market knowledge: spend time learning the AI/products side and try to build real operations, or just throw it into stocks and memes and gamble?
Contrary to the current narrative, we might be closer to the top of financial content consumption compared to real engineering for people under 30s.
Musk said 13 GW to 20 GW next year.
Do the math on that for Nvidia earnings.
Also a lot of reports that AMZN accelerate the purchases of nvidia.
SMCI pre-release results today prob to remember people the connection with xai colossus.
If compute futures get approved in early November, the flow shorting CoreWeave debt to hedge falling compute demand likely rotates into futures. At the same time CoreWeave and peers can finally hedge their own exposure.
That narrows their cost-of-capital gap vs the hyperscalers. Cheaper capital → faster buildout → bubble but prob later than people expect.
Immutable Edge 🧵 retweeted
Not such company as anthropic can ever IPO at 20 x PE otherwise all the world would invest on it at IPO.
Ofc the valuation will be "overvalue" and there will be 1000s of posts about this, this is not new information.
The growth should accelerate now due to opus/sonnet having no data retention, big acceleration coming.
@FundaAI publish that front tier models are getting harder to destile because full chain of thought isn't exposed in plaintext.
I am not sure if anyone ever look at palantirs, crowdstrikes etc valuations at way lower growth last 2 years and higher revenue multiple.
Ofc this model is way more capital intensive but still the confidence on bears voices on all AI trade seems to big.
Everyone watches series on shorts nowadays, no patience for 1 hr full episode.
Also a lot of old tv series, not that good content by Netflix nowadays.
.@AnthropicAI and @OpenAI should allocate 10% of shares for a 30 year distribution to newborns if they want to conquer public good.
"The initial rollout of the program encouraged children to be invested broadly in American companies. The latest shift ties kids’ wealth building directly to the fate of particular companies, depending on who donates."
"Under the rules that took effect last week, charities controlled by wealthy people—with Treasury Department approval—can put individual stocks into the accounts of thousands or millions of children. They can target groups of at least 5,000, sorted by age, geography or both."
via @RichardRubinDC @ashleaebeling
wsj.com/politics/policy/trum…
Add Space X to the list. xitter.gq/elonmusk/status/211208…
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit.
It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion.
In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding.
In the post below, we share more details about our new fund.
anthropic.com/news/public-be…
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit.
It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion.
In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding.
In the post below, we share more details about our new fund.
anthropic.com/news/public-be…