OpenAI has reportedly hired over 100 former investment bankers from firms like Goldman Sachs, JPMorgan, and Morgan Stanley
“Project Mercury,” is a secret effort to train AI models to automate junior bankers’ grunt work. Participants are paid $150/hour to build financial models and write prompts for tasks like IPOs and restructurings, with the goal of teaching AI to replicate analysts’ workflows. Contractors submit one model per week and receive feedback before integration into OpenAI’s systems. Source: Wall St Engine @wallstengine
Bitwise says a 5% capital rotation from gold to Bitcoin could send BTC to $242,391
Source: Bitcoin Archive @BTC_Archive
Europe is basically not participating in chips manufacturing, even worse with rare earths.
Should there be a geopolitical event in Asia, what will happen to the European economy ??? Source: Michel A,Arouet
The Evolutionary Layers of AI
Source: Panagiotis Kriaris
🟢 BTC +3% 🔴 GOLD −6%
Some rotation from gold into bitcoin? Source: Trend Spider
Gold is giving us a lesson in statistics. Yesterday's −5.7% move is a rare 4.46-sigma move.
In a “normal” world, that’s once every 240,000 trading days. In reality −4.67% to −6.00% occurred 34 times since 1971, i.e. in 13,088 trading days (0.26% = 1 in 385 days). Even bigger drawdowns happened 21 times since 1971. Message: Gold is NOT low-vol. FOMO caused the latest leg up. Now, profit taking and weak hands got shaken out. Means? Statistically speaking, chances are that calmer days are ahead. Source: Alexander Stahel 🌻@BurggrabenH on X
Zero-revenue stocks are up 34% this year, outpacing the Mag 7.
Source: StockMarket.news
Goldman Sachs says its basket of most-shorted stocks is up 16% in October, on pace for its best month on record since 2008, far outpacing the S&P 500’s 0.7% gain.
At the same time, Goldman’s unprofitable tech basket, which includes names like Roku and Peloton, has also surged 16%, the strongest October since 2014. Source: StockMarket.news, Bloomberg
