Kune

MUSK PLANS AI CHIP MEGA-FACTORY Elon Musk says Tesla and SpaceX will build a major chip facility in Austin to meet soaring AI demand. The “Terafab” site will include two fabs—one for Tesla’s AI (cars, robots) and one for SpaceX’s space-based data centers. Musk says current suppliers can’t meet future needs. He aims for the plant to produce 1 terawatt of computing power annually—about double current U.S. capacity. No timeline was given, and the project faces execution risk, but it highlights growing pressure for in-house chip production.

Balancer proposes a survival restructuring after the V2 exploit in Nov 2025. - Balancer Labs winds down. Operations consolidate under OpCo - Team cut from ~25 to 12.5. Budget down 34% to $1.9M per year - veBAL... dead. $500K compensation to locked holders over 6 months - All BAL emissions stopped. - 100% of protocol fees now go to DAO treasury (was ~17.5%) - V3 protocol fee cut from 50% to 25% so LPs keep more Annual deficit drops from $2.6M to $700K. Runway extends from 4 years to ~9. Very sad to see as I received the BAL airdrop and had great fun LPying on it. Good times. Though I haven't used Balancer in quite a while.