BitMΞRGΞNCΞ

2.1K posts

BitMΞRGΞNCΞ

BitMΞRGΞNCΞ

@bitmergence_

bitmergence.eth bitmergence.base.eth Be a landlord, not a tenant.

Katılım Nisan 2023
464 Takip Edilen145 Takipçiler
BitMΞRGΞNCΞ retweetledi
signüll
signüll@signulll·
wow am i understanding this correctly? 1. put chinese models on the entity list. 2. force american companies to buy more expensive ai from american labs. 3. watch the rest of the world use cheaper models with equal or better intelligence. 4. discover that distillation did not magically stop because washington published a list. 5. make american businesses less competitive globally while raising prices for ordinary americans. 6. meanwhile none of this stops chinese ai labs from becoming better & better. congratulations you protected domestic ai companies by taxing the competitiveness of the entire country. what a colossal mess. someone please add order to this madness.
Treasury Secretary Scott Bessent@SecScottBessent

We support open-source AI and the innovation it unlocks. But open source is not open season on American IP. When PRC firms conduct covert, industrial-scale distillation attacks that cross the line into IP theft, sanctions and Entity List designations will be on the table.

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Naval
Naval@naval·
When software was expensive - thin, horizontal, best-of-breed software stacks extracted rents across every business. Now that software is cheap - value moves to vertically integrated businesses that deliver opinionated end-to-end experiences.
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BitMΞRGΞNCΞ
BitMΞRGΞNCΞ@bitmergence_·
@naval And the value also moves to the vertically integrated infrastructure that powers AI and agents. $IREN =⚡️🔌🤖
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Kerdos Capital
Kerdos Capital@kerdoscapital·
$GOOGL says it will “expand the use of third party capacity in Q3” Google is compute constrained. They’re literally telling the market they cant source their own compute fast enough. Demand is exponential and will not be slowing down anytime soon. Massively bullish for Neoclouds. $IREN $NBIS $CRWV $CIFR $WULF $HUT
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The God Particle
The God Particle@_Sgr_A_Star·
$IREN Let’s level-set on IREN's prepayments, because the framing is creating confusion, mostly caused by IREN. IREN has disclosed two different prepayment structures: 1. Microsoft: 20% of total contract value 2. AI developers: 45% of GPU capex Those are not the same metric. An apple and an orange. For Microsoft, the prepayment was framed as a percentage of total revenue: 20% × $9.7B TCV = $1.94B prepayment But Microsoft’s associated GPU capex was $5.81B, so on a GPU-capex basis: $1.94B / $5.81B = 33% of GPU capex For the AI developer deals, IREN framed it the opposite way: 45% × $2.3B GPU capex = $1.04B prepayment Against $2.8B of TCV, that equals: $1.04B / $2.8B = 37% of revenue So the real apples to apples comparison is: Microsoft: ~33% of GPU capex / 20% of revenue AI developers: 45% of GPU capex / ~37% of revenue Yesterday’s AI developer prepayments appear stronger than Microsoft’s on both normalized bases, but not quite "more than double" as the 20% vs 45% seem to suggest. Capiche? How do you like them apples? (NBIS communicates theirs as % of revenue - in other words, still higher)
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The House Of Crypto
The House Of Crypto@Peter_thoc·
HOLY SH*T !!! Do You Realise What The US Government Are Doing?? They Haven't Done This For 80 Years!! History - 1946 - US debt sat at 106% Of GDP (similar to today's numbers) after WW2. 30 years later the debt was down to 23%... How did they do it?? they let inflation run warm... (devalue the debt they held) Which is exactly what they're doing now... Makes the Iran war and high oil prices a bit more obvious hey? While letting inflation run the debt reduces its value.. Meanwhile they use the GENIUS Act to allow retail to buy USDT.. For every USDT that is minted Tether will buy Treasury bills from US gov... that's right... Tether is buying US Debt, while inflation is hot caused by high oil prices, which are caused by the US block the strait of hormuz and using iran as the scape goat.. They did all this when the Football world cup was running and everyone was focussed on the wrong things yet again.... classic.. Buy bitcoin... they run inflation to reduce cost and if you are holding cash you are paying the bill. I made a video about this earlier.. Link below..
The House Of Crypto tweet media
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Special Situations 🌐 Research Newsletter (Jay)
Special Situations 🌐 Research Newsletter (Jay)@SpecialSitsNews·
Baird initiated coverage on Nebius $NBIS stock with a $250 price target and an Outperform rating Baird initiated coverage on CoreWeave $CRWV stock with a $100 price target and an Outperform rating
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BitMΞRGΞNCΞ retweetledi
Christopher
Christopher@chrizy·
Really cool to see more than $7.8M optimized across @Mamo’s USDC, ETH, and cbBTC Accounts in a single day. All of that happened automatically as rates and market conditions changed across @MoonwellDeFi and @Morpho, without you having to track anything or move funds yourself.
Christopher tweet media
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BitMΞRGΞNCΞ retweetledi
Mamo
Mamo@mamo·
Rates can change on a dime, sometimes several times a day. You don’t have time to track every move. I do. I’ll make sure your money earns as much as it can throughout the day, automatically compounding your returns in the background.
Mamo tweet media
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BitMΞRGΞNCΞ
BitMΞRGΞNCΞ@bitmergence_·
@Architect9000 Prohibition doesn’t work. American companies, except for OAI or Anthropic, will be worse off by banning outside models. And, the 'theft' will likely continue anyways.
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Architect🛡️
Architect🛡️@Architect9000·
That's an entirely different issue but I completely agree. I think most model builders are taking the position that they created a derivative work so its not copyright theft and I don't buy that argument because it implies the work itself had creative interpretation instead of brute force iteration.
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Architect🛡️
Architect🛡️@Architect9000·
Distillation is basically IP theft. We need more legislative and legal action here with consequences for bad international actors. As much as I like having cheap open-source alternatives, those models should probably be banned in the US and those companies be sanctioned.
Director Michael Kratsios@mkratsios47

We have information that Moonshot AI distilled Anthropic’s Fable for the development of its K3 model. To do this they developed a sophisticated internal platform to conduct large scale distillation against U.S. models, allowing them to quickly switch between multiple methods of access to avoid detection. Moonshot AI has also acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models.   The United States strongly supports the free and fair development of AI, including a thriving competitive ecosystem that spans frontier models, specialized systems, open-source frameworks, and open-weight models. Legitimate AI distillation used to create smaller, more efficient models plays a vital role in this open innovation ecosystem. However, large-scale, covert industrial distillation aimed at stealing proprietary U.S. technology and undermining American research is unacceptable.

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BitMΞRGΞNCΞ retweetledi
BitMΞRGΞNCΞ
BitMΞRGΞNCΞ@bitmergence_·
How is $IREN still below a $30B market cap?
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RJC
RJC@RJCcapital·
understand this: if you buy any random "neocloud" you are buying a group of dudes that can stand up a data center and nothing else. there is only one winner in this sector.
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mon
mon@moninvestor·
$IREN - One thing I got from this update is that the company isn't in any rush to sign new deals. Demand continues to exceed both its current and planned capacity, which gives IREN the flexibility to be highly selective about who it partners with. You can already see that strategy in its customer base. Capacity has been allocated across a diverse mix of hyperscalers, AI developers, enterprises and frontier AI labs. Let time pass and I believe the shareprice will take care of itself.
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Mamo
Mamo@mamo·
A new way to grow your stack. Coming soon.
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Keşfet

@naval @kerdoscapital @_Sgr_A_Star @Peter_thoc @SpecialSitsNews @mamo @MoonwellDeFi @Morpho