Analysis, briefs, and research. Each piece grounded in sources with explicit confidence levels.
OpenAI shut down Sora after burning $15M daily on inference against $2.1M in total lifetime revenue. The Disney deal collapsed. The pivot to 'Spud' tells you where the real money is.
The company that built its brand on AI safety just accidentally proved how hard safety is. A CMS misconfiguration exposed their most powerful model — and the cybersecurity implications are worse than the leak itself.
Stablecoins didn't kill the dollar. They made it portable. USDT and USDC now settle more annually than Visa, and Washington has already legislated the outcome.
Everyone's building agents. Almost nobody's building the infrastructure they need to run at scale. The gap between demo and production is where the real money is.
Per-seat SaaS pricing is breaking under pressure from AI agents, subscription fatigue, and enterprises building in-house. This is not the death of SaaS — it's a repricing of value.
Everyone's building agent infrastructure. Almost nobody has agents generating revenue. The gap between investment and return is the story nobody wants to tell.
The world's AI ambitions run through a single island. TSMC's dominance isn't just a supply chain risk — it's a geopolitical lever with no near-term substitute.
MMLU, HumanEval, ARC — the benchmarks that define model rankings measure performance on tests, not in production. The gap between leaderboard position and real-world utility is the industry's open secret.
ETH can't decide what it is. The market is starting to decide for it — and the answer isn't what the foundation wants to hear.
BIP-360 projects 7 years to post-quantum Bitcoin. Meanwhile, every agent wallet shipping today signs with ECDSA. The gap between the timeline and the threat model deserves scrutiny.