4) There exist close substitutes to the thing provided by the market at market prices, in effectively unlimited quantity, which do not need to prioritize by either PMC brainsweat or timestamps. They’re prioritized in the traditional capitalist fashion: ability to pay.
INVESTMENT
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AI Safety Fund Launch Supports Advanced Model Research
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We’re at a pivotal moment in the history of AI. This important launch of an AI Safety Fund from the Frontier Model Forum will support independent research to test and evaluate the most advanced AI models. Key collaboration for @GoogleDeepMind
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Frontier Model Forum Appoints New Director and Launches AI Safety Fund
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Today, we are announcing Chris Meserole as the Executive Director of the Frontier Model Forum, and the creation of a new AI Safety Fund, a $10 million initiative to promote research in the field of AI safety.
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IBM Acquires Manta Software to Enhance Watson Data Lineage
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Today, IBM is announcing that it has acquired Manta Software Inc – a world-class data lineage platform — to complement its capabilities within #watsonx and help businesses deliver products built on principles of trust and transparency. Learn more here: https://
ibm.biz/BdSsdV -
Banking Appetite: Strategic Deal-Making and Risk Tolerance Dynamics
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“Appetite?” At any given time, for business and strategic reasons, some banks are more willing than others to cut attractive deals on pricing for various services, to stretch regarding their compliance/risk tolerance, etc etc. Sometimes a useful thing to know.
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Stablecoin Regulation and Startup Investment Currency Risk
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No stablecoins except those approved by the relevant regulator. (Currently empty set I believe, off top of my head.) If for some reason one wants to involve a slow database in one’s startup investing, one needs to take currency risk and (at least) two legs of fees.
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Japanese crypto regulations limit USDC cash-out for startup investing
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You may be surprised to learn that under the current regulations no Japanese crypto exchange will allow you to cash out USDC, which feels relevant to the claim of whether it is actually useful for investing in a Japanese startup.
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Regulatory Policy Limits Startup Access Despite KYC Compliance
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This is the motivation behind the policy but the policy does not allow them to e.g. read a share purchase agreement or make use of the fact that the startup is a real company and KYCed by the receiving bank so there is no risk to this sophisticated customer.
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Microsoft Cloud Revenue Beats Expectations While Google Underperforms
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Tale of two clouds: Microsoft tops, Google flops Microsoft’s cloud computing revenue topped expectations, while Alphabet’s Google missed. Microsoft CEO Satya Nadella offered some anecdotal evidence to suggest progress in AI is helping, notably, over a million people paying to
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Microsoft Expands AI Services Deployment Across More Regions
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Satya starts Microsoft's earnings call with a brag 'We also have our AI services deployed in more regions than any other cloud provider.'