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“There has been a lot of talk about an AI bubble. From our vantage point, we see something very different.”
— Jensen Huang
Alphabet CEO Sundar Pichai said this week there are “elements of irrationality” in the current boom in AI infrastructure.
But his announcement of a new version of Google’s Gemini LLM gave us reason to think we may not be irrational enough.
Gemini 3 was received as a surprisingly massive improvement over Gemini 2.5, as measured by the arcane metrics that language models are judged on. (As a regular user, I can’t really tell the…
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Bitmain Technologies Ltd., the Chinese manufacturer behind most of the world’s Bitcoin mining machines, has been the focus of a federal investigation assessing whether its products pose national security risks, according to Bloomberg reporting.
The inquiry, dubbed “Operation Red Sunset,” led by the Department of Homeland Security, reportedly examined whether the company’s machines could be remotely manipulated for espionage or sabotage of critical US infrastructure.
Bitmain denies these capabilities, but investigators have reportedly tested its equipment at ports and dissected chips and code to assess potential threats.
The company’s hardware has long attracted…
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This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
It was a rough Thursday, with major indices sliding across the board. The tech-heavy S&P 500 fell -2.4%, the Nasdaq dropped -3.8%, and even Gold edged lower by -0.60%. BTC took the biggest hit, falling -5.2% and briefly touching the $80,000 level earlier today.
The selloff came despite a strong earnings report from Nvidia, which makes the market reaction harder to pinpoint. The United States unemployment rate for September ticked up to 4.4% even as job growth beat expectations. At the same time, the odds of a December rate cut have fallen sharply from 45.4% last week to 28% now, and that shift…
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On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.
Hill pleaded guilty in July in the Southern District of New York, admitting that the platform he co-founded was used to conceal illicit funds from activities including drug trafficking, darknet marketplaces, cyber intrusions, fraud, sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.
His co-founder, Keonne Rodriguez, received a five-year sentence.
Prosecutors…
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