July 31 2026
- Chip stocks crash and Situational Awareness Margin Call
- Had to sell his entire public portfolio - bought by Citadel/Ken Griffin
- Trading on leverage very dangerous
- South Korea also there was something similar happening
- Does it seem like it revealed anything about the fundamentals? TBD
- Leverage is the only way smart people go broke - Buffett/Munger 1 of them said it
- Leopold Aschenbrenner has made a good bull case for the AI boom
- China impressive manufacturing
- They might have their own EUV machines and don’t need ASML
- They are also building memory chips
- They are building amazing nuclear reactors - latest one has 580 ft magnet
- Fusion reactor - but this needs only saltwater
- Will the whole world be covered by solar by the time this reactor comes online?
- America energy situation even more dire - will be 6 CAs short of energy
- Go long electrons
- Frontier Labs write letter “Slow Down AI”
- “Pacing the Frontier”
- They want to slow down how fast AI can improve itself (automated AI development)
- Dwarkesh blog on compute costs increasing - the frontier models’ entrenchment will only increase - harder for smaller models to compete with these rising costs
- Zuck makes a good point that these labs are doomer-maxing and at the same point are rushing to build these tools
- Hilarious how these AI companies are pretending to be our saviors - a high degree of self-importance
- They don’t care about being regulated as much as they feel they need to guide the regulation
- Anthropic doubled political donations in mid term cycle
- Frontier labs are “burning books”?
- Is this an industrial scale distillation attack?
- Attack in the sense that the authors never agreed to them
- Google books lawsuit decades ago settled much later in their favor
- Is this an industrial scale distillation attack?
- Socialism
- NYC government run grocery stores
- Friedberg thinks it will work well in the short term
- NYC annual city budget is already $125B - these stores are cheap
- Trump hasn’t helped with the federal budget deficit
- Science Corner - Mapping the brain
- Network geometry of the Drosophilia brain - paper from Budapest
- Fruit fly
- Is consciousness a function of multi dimensional reality?
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