Blog
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Why “Never Sell Bitcoin” Keeps Breaking
“Never sell Bitcoin” breaks when corporate holders face dollar obligations on fixed dates. See how dividends, financing, and liquidity can force a sale.
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Why AI Inference Costs Keep Rising While the Price Per Token Falls
AI inference costs keep rising because token use, reasoning work, and demand can grow faster than price per token falls. Compare unit price with cost per task.
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AMD Q2 2026 Earnings: Every Number Beat, Stock Fell 8%
AMD Q2 2026 earnings landed on August 4 with revenue, EPS, and forward guidance all above what Wall Street had modeled going in. By the usual scorecard, it was close to a clean sweep. Then the stock dropped about 8%…
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Situational Awareness Fund Lost 67%, Still Up 80% for 2026
Situational Awareness is Leopold Aschenbrenner’s AI fund. Its 67% monthly loss and 80% yearly gain can coexist because leverage and time windows differ.
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Bitcoin ETP vs Self-Custody: What Do You Own?
Bitcoin ETP vs Self-Custody sounds like a debate about two ways to follow the same asset. I think the more useful question is simpler: after you choose, what do you actually own, and who must act correctly for that ownership…
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EU AI Act Transparency: What Must Carry a Label?
EU AI Act Transparency rules become applicable on August 2, 2026, turning a broad policy debate into a practical design question. If a person meets a chatbot, sees a deepfake, or receives AI-generated content, what must the provider make visible—and…
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Tether Q2 Earnings: Profit Up, Reserve Buffer Cut in Half
Tether’s Q2 2026 earnings landed on July 31 with two numbers that pull in opposite directions. Net operating profit came in at $1.5 billion. At the same time, the excess reserve buffer backing every USDT in circulation was cut roughly…
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Amazon AI CapEx: Growth Now, Cash Later?
Amazon AI CapEx is becoming a test of how investors read growth and cash at the same time. Amazon reported strong Q2 sales and faster AWS expansion, yet its trailing free cash flow moved below zero. I think the useful…
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Microsoft AI Returns Face a Hardware Refresh Test
Microsoft AI returns are no longer just a promise attached to a spending plan. Microsoft’s fiscal 2026 fourth-quarter figures give us unusually concrete evidence of demand: Azure’s annual revenue passed $100 billion, while Microsoft 365 Copilot exceeded 30 million paid…
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KLA AI Chip Inspection: The Quiet Bottleneck Gets Louder
KLA AI chip inspection is becoming a critical AI hardware bottleneck as chip complexity lifts demand across logic, memory and advanced packaging in modern fabs.