Syz the moment

>> Studies machine vision at Zhejiang University >> At 30 in 2015, launches High-Flyer quant hedge fund >> Makes a fortune (now $8B AUM) >> Wants to build “human” level AI as side hustle and pitches partners but they initially sceptical >> Buys 10,000 H800 chips in 2021 and brings over his top hedge fund employees (all have tons of experience squeezing juice out of Nvidia GPUs for the fund) >> Launched DeepSeek in 2023 and hires dozens of PhDs from top Chinese universities (Peking, Tsinghua and Beihang) >> Pays top top top salary for tech talent only matched by Bytedance in China…wants DeepSeek to be leading “local” company >> US export restrictions force DeepSeek team to get creative and they do, finding new training methods to make LLM models (V3, r1) competitive with OpenAI, Anthropic, Gemini, Grok, LLama etc at ~1/20th the cost >> Training costs not exactly apples-to-apples but novel methods and clear improvements in efficiency (also questions around copying other models, larger H-100 clusters they maybe can’t talk about and/or CCP support) >> Open sources and publishes methods (r1 reasoning paper has 200+ authors) >> DeepSeek just hit top of App Store *** FT: https://lnkd.in/e96ffxmU Source: Trung Phan @TrungTPhan on X, FT

Chip stocks are plunging overnight on the back of the DeepSeek story: 1. Arm, $ARM: -5.5% 2. Nvidia, $NVDA: -5.3% 3. Broadcom, $AVGO: -4.9% 4. Super Micro, $SMCI: -4.6% 5. Taiwan Semi, $TSM: -4.5% 6. Micron, $MU: -4.3% 7. Qualcomm, $QCOM: -2.8% 8. AMD, $AMD: -2.5% 9. Intel, $INTC: -2.0% DeepSeek is only story in town and it’s showing up in global markets this Monday

He was an early investor in Facebook, Uber & Airbnb. And he just said, "AI will create more billionaires than the internet.” David Sacks’ 5 predictions on the future of wealth creation and why you should care (a thread on X by EmperorDino): 👉"The AI Gold Rush": AI will create more billionaires than the internet. Why? AI is not just a new technology, it's a force multiplier for every industry. The numbers back this up: NVIDIA's value jumped $1.5T in 12 months. AMD stock surged 400% since 2022. Sacks predicts: "The next trillion-dollar company will be an AI infrastructure play.” 👉 "The Rise of AI-First Startups": By 2025, most successful startup will be AI-native. Just like mobile killed web-only companies in 2010. AI will kill traditional software companies by 2026. 👉"AI Models Reaching PhD-Level Reasoning". Sacks recently revealed that OpenAI's AI models will soon achieve PhD-level reasoning abilities. This would be huge for the AI world. 👉 "The Death of Traditional VC": AI will revolutionize startup funding. Smart contracts + AI agents will: • Evaluate startups • Structure deals • Monitor performance Traditional VCs will become obsolete by 2027. 👉 "The Great Wealth Transfer" AI will create two classes: • Those who leverage AI • Those who compete with AI The wealth gap between these groups will be larger than the internet created. Time to pick a side. 🚀 Here's what Sacks is personally investing in: • AI agent platforms • AI infrastructure companies • Industry-specific AI solutions • Computing hardware startups His Craft Ventures fund deployed $850M in these sectors since 2023. Your action plan: 1. Build for the AI-first world 2. Learn AI infrastructure fundamentals 3. Focus on industry-specific problems 4. Learn skills that can't be replaced or automated The next decade of wealth creation starts now. Source: EmperorDino on X

1 big data specialist 2 fintech engineers 3 AI and ML specialists 4 software and app devs 5 security management 6 data warehousing 7 autonomous and EV eng 8 UI/UX designers 9 delivery services 10 IoT specialist WEF25 Source: Vala Afshar

Computing power is the new gold and almost 50% of the world’s data centers are in the us. Source: Visual Capitalist

BYD rose 9 points since 2021 but may shift focus to hybrids in 2025. Legacy automakers like VW and Geely held 7-8%. In 2023, 14M EVs sold, but 84% of cars were non-electric. Source: Statista

Source: The Long View @HayekAndKeynes on X

Source: Documenting Bitcoin