My mind is blown by how far ahead Apple is with local LLMs. The new Mac Studio M5 Ultra will have a 512 GB model for around 15-20k. You can chain 6 of them together using thunderbolt 5 and this have over 3 TB of ram and a massive amount of CPU and GPU cores. This means you can run a frontier model with over 2 trillion parameters locally for around 100kish. Nivida is around 500k for the same capability.

Chamath Explains the AI Boom’s Achilles Heel “Doesn't matter what you do, doesn't matter what you claim to do, you're going to get run over. You're going to be roadkill. If the bond market walks the 10-year up to 5.5 and 6%, which has nothing to do with AI, it has everything to do with debt to GDP and a bunch of other factors in broad-based Western economies, any business model that thrives on a financing spread gets cornholed. Any and every, all of them. It will not matter when the 10-year’s at 6%. It won't matter. As long as we can keep that from happening, we're going to be fine. So what's the most important way, I guess, post these midterms to keep the party going? You have to really start to focus on deficits, and you have to find a fair trade where the bond market backs off. And I think you can see it in the tape, meaning if we start proposing huge spending programs, they're going to walk the 10-year up. That then has a negative cascade to everything. If, however, the posture becomes much more about keeping everything calm and like, ‘Let's just tone things down and let's find the waste in the system and squeeze it all out,’ I think people will respond very favorably. The last thing I will say is these are like Achilles' heels, meaning all of the asset value that's getting built up, but just like the great warriors, you just slice the Achilles tendon and they just crumble to the knees. I just want to point out, this is that thing. There is no other thing. Meaning, all this other stuff is complete goodness, but the fact that you need to finance these things in a variable rate model as a spread to the risk-free rate is the big problem in these businesses. And you need to essentially have Microsoft, Google, Meta, and Nvidia backstop all of this in a worst case scenario because that's the only way you can withstand a one or two-year correction in this market.”

I suspect 70-80% of revenues at AI companies are from other AI companies who’ve raised money from the Venture industry. This is not a circular revenue problem but it is a revenue quality problem. We’ve seen this before in the SaaS cycle in the early/mid 2010s.

Musk acaba de lanzar esta nueva posibilidad 😆. Que locura tan maravillosa ❤️

first data centers, now hyperscaler CDS just hit all time wides

JUST IN: Wall Street analysts warn Anthropic's planned $2 trillion IPO is an "unprecedented test of investor gullibility," claiming the company lacks a viable business model.

Data Center debt getting smoked today. Coreweave unsecureds tag 1000 g-sprd bps for the first time ever. Oracle unsecureds trading like deep junk. Even Meta's Project Beignet about to hit record wide

i'll lose 50k on a trade and not even blink but airbnb just scammed me out of $300 and i've been on the phone for 8 hours trying to get a refund. crypto money isn't real.

You don't own enough $TAO