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As demand for generative AI explodes, computing costs have become the heaviest burden for cloud service providers (CSPs). To ease the financial pressure brought by hardware investment and power consumption, major players such as Microsoft, Google, and AWS are accelerating adjustments to their pricing models, shifting from the single subscription model of the past toward more refined “pay-as-you-go” and “tiered pricing.” The recent emergence of multiple low-cost, lightweight models is a concrete effort by providers to optimize gross margins by reducing inference costs while maintaining high-per
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As demand for generative AI explodes, computing power is transforming from a simple cloud resource into a “digital commodity” with financial attributes, completely reshaping the financial boundaries of the technology industry. Cloud giants such as Microsoft, Google, and AWS are currently accelerating the shift in their pricing models from traditional fixed subscriptions to more flexible “pay-as-you-go” and “computing power futures” mechanisms, allowing enterprises to lock in future capacity in advance to hedge against hardware depreciation risks. This shift toward “computing power as revenue”
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Goldman Sachs CEO David Solomon said the world is at a critical juncture in a historic AI investment cycle, and Goldman Sachs is very eager to create a credit market backed by NVIDIA computing power. Blackstone President Jon Gray also noted that AI computing power will eventually be viewed as a financeable asset class, much like residential mortgages.
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NVIDIA founder and CEO Jensen Huang said in an interview with CNBC that this is the first time technology chips have become an “investable asset class.” Huang emphasized that NVIDIA’s hardware is now a productive, durable, fungible, and flexible revenue-generating asset. Because NVIDIA hardware has been widely adopted and can be flexibly transferred among different customers, lenders can reliably underwrite computing power as an asset with long-term value.
Huang also stressed that we must now view computers (computing power) as part of the infrastructure, just as we view electricity or the int
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According to a CNBC report, this partnership represents a major shift in the sources of funding for AI infrastructure. Traditionally, GPUs have been viewed as hardware that depreciates extremely quickly. However, the new agreement will bring in institutional credit, insurance capital, and private equity to underwrite GPU and data center construction, allowing customers to obtain funding for hardware procurement and construction without consuming their own balance sheets.
The launch of this financing program comes amid concerns over the massive AI capital expenditures of tech giants. In particu
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Semiconductor chip giant Nvidia has signed a memorandum of understanding (MOU) with six major Wall Street asset managers, including Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR, to jointly establish a new financing platform. Through this platform, they hope to attract more than $500 billion in third-party capital to support hyperscalers and establish advanced AI laboratories and enterprise data centers to purchase Nvidia’s hardware.
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People with higher manifestation scores considered themselves more successful, had stronger ambitions for success, and believed they were more likely to succeed in the future. But in the first study, this group was no better off than others in terms of income or educational attainment.
The researchers put it plainly in their conclusion: Manifestation beliefs appear to boost self-perception, but there is almost no evidence that they affect objective levels of success.
The third study also tested one more thing. The researchers asked respondents to estimate how long it would take them to achieve
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The same study also tested several psychological variables. The correlation between the manifestation scale and “intuitive decision-making style” was 0.36, indicating a large association, while the correlation with “core self-evaluation” was 0.25. On the other hand, the correlation with “rational decision-making style” was 0.02, and with “the ability to delay gratification” was -0.04; both indicated no association.
A person’s belief that they can think success into existence strongly overlaps with their tendency to make decisions based on intuition. It has no relationship whatsoever with wheth
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Stocks served as the control group in this study. The researchers deliberately asked two questions: “Do you currently hold any cryptocurrency?” and “Besides retirement accounts, have you ever personally bought stocks?”
The answers diverged: the cryptocurrency question showed a significant association, while the stock question did not.
The difference was not whether they wanted to invest, but volatility. The study defined cryptocurrency as a high-volatility financial investment, while stocks were the conventional option used for comparison. The same people were not simply more interested in inv
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The result was that for every one-unit increase in the scale score, the rate of respondents holding cryptocurrency became 1.33 times higher. The rate of having given personal information or money to a scam in the past five years became 1.28 times higher. The rate of having ever gone bankrupt became 1.42 times higher.
The likelihood that these “people who believe more strongly in manifestation” held traditional stocks did not change significantly.
This needs to be clarified first: 1.33 times means that the rate became 1.33 times as high, or 33% higher—not 133% higher. In addition, this figure c
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Three researchers gave 1,023 people a questionnaire with 11 questions. One asked, “Just thinking about success makes success more likely to happen,” while another asked, “I ask the universe or a higher power to bring about success.” Respondents rated themselves from 1 to 7.
More than one-third of the people agreed with these statements to some extent.
The researchers then compared these scores with their financial records.
Three Numbers
The questionnaire is called the Manifestation Scale. The researchers were Lucas J. Dixon, Matthew J. Hornsey, and Nicole Hartley, and the paper was titled “The
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Three researchers at the University of Queensland developed a “manifestation scale” based on 1,023 people, finding that for each one-unit increase in the scale score, respondents were 1.33 times as likely to hold cryptocurrency, 1.28 times as likely to have been scammed within the past five years, and 1.42 times as likely to have gone bankrupt, while the rate of holding traditional stocks showed no significant change. However, the researchers emphasized that these associations were very weak and difficult for individuals to detect by recalling their own life experiences.
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The threshold is not submission, but persuasion
So, can you submit a BIP? Yes, you can do so today. Writing an email to the bitcoindev group is the first step.
But the design philosophy of the BIP system is “easy to propose, extremely difficult to pass”: no individual or institution can unilaterally change Bitcoin, including the proposer themselves. The author of BIP-110 had complete documentation, an official number, and the endorsement of well-known developers, and was even willing to force a fork, yet ultimately still could not overcome the network’s silent veto; but that is precisely why B
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The Dow Industrial Index opened lower at 52,674.21 points, then dipped to 51,906.60 points during the session, plunging 767.61 points, down 1.59%; the Nasdaq opened lower at 24,863.48 points—although it briefly turned positive during the session, it later slid to 24,876.91 points, down 1.22%; the S&P 500 opened lower at 7,418.16 points, reached 7,363.66 points intraday, down 0.84%; and the Philadelphia Semiconductor Index opened lower at 11,011.87 points, briefly falling to 10,597.75 points, a steep drop of 3.97%.
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SDyahaya:
To The Moon 🌕
Financial services company Fold has launched Bitcoin gift cards, moving into the $300 billion retail gift card market. Bitcoin gift cards are now officially on sale on Fold’s website, and will gradually expand to major physical and online retail channels across the United States. Bitcoin gift cards allow consumers to buy and gift Bitcoin through familiar retail channels, lowering the technical barrier for the public to access digital assets.
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Bitcoin’s average daily spot trading volume over the past 30 days was about $5.1 billion, roughly 29% lower than the average of about $7.2 billion since 2019. In other words, the price briefly broke above $66,000, but there are no signs that general spot buy orders have amplified in sync, making the foundation for the rebound seem insufficiently solid.
Trading direction also remains skewed toward sellers. Over the past month, sellers’ average daily market orders exceeded buyers by about $70 million; in the past week, this narrowed to about $59 million, but it still remains above the historical
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OnchainLens, a on-chain data monitoring account, quoted Arkham data showing that on the 23rd, the well-known crypto asset management firm Abraxas Capital (Heka Funds) transferred crypto assets worth a total of $223 million to major exchanges within a brief 7-hour window. After deducting withdrawals made during the same period, the net inflow was as high as $197 million. This included more than 2,200 BTC and 30.8k ETH. The massive whale transfer triggered lively discussion in the community about potential short-term sell pressure in the market.
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The choice options fund flows for Coinbase, Robinhood, IBIT, and Strategy are all showing, indicating that the market is re-evaluating the rebound potential of crypto assets. However, IBIT is still seeing more call option sell transactions, reflecting that although investors are becoming more optimistic, they still maintain a certain degree of caution as to whether this rally can develop into a more sustained recovery.
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Bitmine (NASDAQ: BMNR), the public company with the largest holdings of Ethereum worldwide, continued to step up its buying spree last week, purchasing more than 27,000 ETH and increasing its holdings to 5.77 million. Company chairman Tom Lee also said that with the launch of Robinhood Chain, more and more users are starting to see Ethereum as “money,” not just an investment asset.
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The CEO of the largest Bitcoin reserve company Strategy, Phong Le, posted on X today (the 27th), saying that artificial intelligence (AI) is forming a self-reinforcing “doom loop,” while Bitcoin is a self-healing “positive loop” (self-curing do loop). He believes that Bitcoin’s positive effects will ultimately outweigh the potential threats posed by AI.
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