My toddler gets a book a month in the mail from Dolly's Imagination Library and we keep reading some almost every day. She's made an impact in so many families <3
Not sure as OpenAI models (Sol, Luna,..) are also discounted on the Vercel AI Gateway rn. My bet is on OpenAI trying to drive more enterprise customers to their models through API.
I’m impressed by tinygrad. Full-featured deep-learning framework with ZERO dependencies, fully hackable, and orders of magnitude fewer LoC than PyTorch.
Want to run Qwen3.8 27B? Download the quantized model from HF, git clone tinygrad, then run `DEV=METAL python3 -m tinygrad.llm --max_context 8192 -m <GGUF File>`. Read the code and experiment - takes 1 minute.
Compare that with PyTorch (great, but almost impossible to comprehend and modify, IMO) or Mojo/MAX (complex and not even fully open source, not to mention that the Modular folks aren’t particularly nice). Tinygrad is a breath of fresh air.
Yes and this is in line with the idea that 99%+ of the value created by AI will be captured by the broader economy, not OpenAI and friends.
That being said, even local AI will still be displacing humans fast and it's not clear new jobs will be created fast enough. Regulations and policies will be needed imo.
Very curious why they haven’t diversified into real world assets. It seems like an obvious move, even if the margins would be lower than their fee business (~85% margins!!).
They’ve added tokens and altcoins to the platform, but I don’t think that’s a particularly strong long-term bet.
Because real world assets are heavily regulated and regulation has costs.
The competition is also stiff with decades of experience and network effects
The truth is these crypto shops have a pretty poor reputation in the traditional finance industry. Nobody in trading tech goes to work for them unless they offer insane salaries, because they (we) know it's an unstable place to be.
It's going the opposite direction. Those offering real world and tradfi assets are moving into the crypto space. That is going to eat Coinbase's lunch.
The worst part of using something like Coinbase is having to do yet another bank transfer, waiting for it to clear, doing KYC/AML yet again, etc etc for what most people is just to buy one or two single asset (BTC or maybe ETH probably). Instead just click buy in Robinhood or Schwab along with everything else.
The major prop shops and market makers are all over crypto, for sure. But they're only there because these markets are poorly regulated and there's a lot of retail juice to squeeze.
A friend of mine works for one of the major crypto firms and they're starting to deploy algorithmic trading bots on their own exchange.
That makes sense, thank you for explaining. TradFi already offer access (direct or ETFs) to major cryptos who have demonstrated some utility like BTC, ETH, XRP, SOL and a few others.
If interest in tokens and altcoins wanes, Coinbase may be in a weak position.
> We need to heavily regulate anybody who is not following the rules that make us the de-facto winner
How about building a multipolar world where different parts of the world (US/China/India/EU/Africa,..) get to build sovereign tech and have their own winners?
Same with Codex and very soon with open source & local models. Training great models (for coding and similar tasks) seems to be a question of scale and not much more.
It is likely that 99% of the value created by Anthropic / OpenAI / friends will go the end user. Which is great news.
I agree. It's not trendy to have much appreciation for capitalism these days, but it's hard to ignore that the fierce competition in this space seems like it's going to result in commoditized productivity gains for the masses rather than monopolistic/oligopolistic extraction. At least for the near future.
