"Meta's reality check: Inside the $45 billion cash burn at Reality Labs" About burn rate, crazy projects and low morale at Meta's $META AR/VR division. Worth a read. I'm not worried, it's not all sunshine and rainbows out there. I still remember Zuck surfing with the American flag on July 4th. Enough for me!

Meta's reality check: Inside the $45 billion cash burn at Reality Labs

Hyatt $H doing an alliance with Under Canvas in order to broaden their portfolio of experiences to include outdoor hospitality. Could be the right thing to do. Seems the potential downside is limited. Haven't bought my last share nor stayed at for the last time. Something I'd like to see Hyatt do is buy some #Bitcoin with the $794 million of cash and short term investments they have. In the wise words of Gucci - At Least A M @MarkHoplamazian I understand the hospitality sector is pretty conservative, but this move would be good in many ways. Hyatt has more cash than what it knows what to do with, even if there are potential acquisitions I'm not aware of. You & Hyatt would be regarded as pioneers in this sector, adopting a new financial strategy I'm convinced most will move to. It's a matter of when, not if. Being smaller, and in my opinion better, than Marriott and Hilton you can be agile in a way they can't. You'd pave the way. Key point: $USD going down in short and long term. #Bitcoin going up if not in short term but definitely in long term. Source

Be More Outdoors: World of Hyatt Announces Exclusive Alliance with Under Canvas, the Leader in Upscale Outdoor Hospitality, Adding More Immersive Experiences for Guests and Members

World of Hyatt members can now earn and redeem points for even more luxury and adventure-filled stays in some of the most iconic destinations throu...

Age Of Love – The Age Of Love (Jam & Spoon's Watch Out For Stella Mix) Still the greatest track of all time!

Thank God for Hermès $RMS.PA

Hermès International: 2024 Half-year Results

if (jerseyCity.isBuying(bitcoin)) return 🙌;

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Watcher.Guru (@WatcherGuru) on X

JUST IN: 🇺🇸 Jersey City to allocate a percentage of its pension fund to buy #Bitcoin ETFs, Mayor announces.

Love it! 🐽 https://x.com/marathondh/status/1816445234391535714?s=61&t=qaIbLh4UUKp7OCAiDKUzfA

Ferrari to accept crypto in Europe as well. Using BitPay so crypto is converted to fiat instantly, but it's at least something. https://www.reuters.com/technology/ferrari-extends-cryptocurrency-payment-system-europe-after-us-launch-2024-07-24/

Mistral AI just released Mistral Large 2, a 123 billion parameters with 128 k context window.

Large Enough | Mistral AI

Today, we are announcing Mistral Large 2, the new generation of our flagship model. Compared to its predecessor, Mistral Large 2 is significantly m...

mistralai/Mistral-Large-Instruct-2407 · Hugging Face

We’re on a journey to advance and democratize artificial intelligence through open source and open science.

"Inside Mark Zuckerberg's AI Era | The Circuit" A new Bloomberg Originals just dropped. About Meta's $META AI development. P.S. What's that chain Zuck is wearing? It's not a Jesus piece.

Yessir! Meta $META released their LLM Llama 3.1 with 405 billion parameters to all of us! Thank you!

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AI at Meta (@AIatMeta) on X

Starting today, open source is leading the way. Introducing Llama 3.1: Our most capable models yet. Today we’re releasing a collection of new Ll...

More charities should accept #Bitcoin Not sure why there's only a few doing it, at least among the ones I'm interested of. They don't even have to handle a wallet if they don't want to. They could use something like BitPay. I'll email one or two and ask.

Such a great ad by Nike $NKE Stock may be down, but ish like this gives me more faith. Makes me want to buy more, not sell. As for the actual products, I'm happy with my numerous Air Max, Pegasus and Free. Earlier this summer I watched a marathon in the city I live. The running shoe business is a very competitive one. Nike got a head start when they dropped the first Vaporfly. The first shoe with a carbon plate. The carbon plate is used almost like a spring which returns more energy than other alternatives when hitting the ground. At first many people were dismissive by claiming they either don't work or it was a kind of mechanical doping which should be forbidden. Two camps. As time passed and enough data was collected by independent parties it clearly showed carbon plates work. World Athletics also layed down some ground rules that need to be considered for a shoe being a valid to run and break records in. These days every major brand has a carbon plate shoe. Adidas, Hoka, Brooks. You name the brand, they got it, but Nike was first. This is the kind of innovation Nike needs to be doing. Dropping hard ish out of nowhere. Back to the marathon... This is not statistically correct by any means since it was just me eyeballing what the top people were using. I saw a sea of Nike Vaporfly, Alphafly and Pegasus. Total domination by Nike. Followed by Adidas, Asics, Hoka, Brooks, On. My point being, even if the sentiment around Nike stock is ish, people are still buying their products. For better or worse I haven't sold a single share!

I once again want to hug Michael Saylor. $MSTR

Mistral AI does it again! Codestral Mamba a 7B parameters open source Mamba2 language model specialised in code generation. Scores very good on benchmarks. I haven't tried any Mamba models yet. Should be interesting. Quantised version by some community member already out.

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https://t.co/fOJD03yfDR https://t.co/4eBiFdOrJe

Great episode of The Mining Pod with guest Portland HODL with a more technical discussion than most shows. Very much worth a listen if you want to know more about Bitcoin Core, soft forks, MARAs Slipstream and general thoughts on Bitcoin. I learned a bunch of new things.

Oopsie Daisy!

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Michael Saylor (@saylor) on X

$MSTR announces 10-for-1 Stock Split https://t.co/u7sIjWc9we

Darknet Diaries - Tornado Great recent episode about the massive Ronin hack, Axie Infinity and Tornado cash. I didn't know the details. Some wild ish here and it shows why decentralisation is so important. #Bitcoin

Tornado – Darknet Diaries

In this episode, Geoff White tells us what happened to Axie Infinity and Tornado cash. It’s a digital heist of epic proportions that changed ever...

Google DeepMind's new JEST supposedly 13 times faster and 10 times more power efficient when training models. No idea if it's reasonable/possible since I'm not smart enough to understand any of this. Not selling any Nvidia $NVDA or Cameco $CCO.TO Article

Tom

Google claims new AI training tech is 13 times faster and 10 times more power efficient — DeepMind

Potentially great news for a power grid in fear of AI over-demand

Paper https://arxiv.org/pdf/2406.17711

We need nuclear. This post is worth a read. I've already made up my mind of course but still... Cameco $CCO.TO

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Katusa Research (@KatusaResearch) on X

Power Plant Not Included Wind and solar yields energy only on sunny or windy days. But data centers require always-on, instantly available energy...

"The House of Arnault" A fairly recent and long article on one of the richest people in the world, Bernard Arnault, CEO of Moët Hennessy Louis Vuitton $LVMH.PA It covers the man, his history, business practices, potential succession and so forth. Even if you're not into any of the brands on the LVMH rooster, I'm not, it's an interesting read. Link to article (paywall) https://www.bloomberg.com/features/2024-lvmh-bernard-arnault/