Pinned
Frank Downing
748 posts
Frank Downing
@downingARK
Joined April 2021
Tesla forecasts ramping up to 100 exaflops of AI training capacity by Q4 2024. That's a huge number that implies an over 20x scaling from the 4.6 exaflops disclosed at AI Day 2022 (14k Nvidia A100 GPUs), and over 50x the A100 capacity discussed in 2021. This implies a compoundReplying to @Tesla_AIAnd will be trained on enormous amounts of compute
- Hi, I’m Frank!
- From $11k per unit in 2014 to 5 cents by 2030, our research suggests data center hardware used for AI training is experiencing strong cost declines. The 48% performance-equivalent cost decline per year far outpace Moore's Law. Check out the full report: bit.ly/3gL2mUR
- In proof of work, influence is dictated by possession of hashpower In proof of stake, influence is dictated by possession of native tokens Hence concentrated ownership has a significantly greater impact on censorship resistance in POS than in POW This is underappreciated
- Tesla continues to build its vertically integrated AI stack w/ details on their new AI-training supercomputer, which combines 1.8 exaflops of compute with 10 petabytes of ultra fast storage bit.ly/3gPwIl6
- There will likely be many access points (web, mobile, ar/vr, etc.) to what is being called "the metaverse" The real innovation is a shared data layer that offers both ownership and portability of data One company "building the metaverse" seems quite antithetical to that conceptReplying to @MetaMaskWhen _our_ users refer to the “Metaverse”, they are referring to their ability to freely move their posessions between different platforms without disclosing more about themselves than they want. They’re not referring to one company’s platform.
- Despite the USDC (and DAI) de-peg, the Maker protocol remained over-collateralized and fully operational through the weekend DAI in circulation is up $1 billion (+25%) Demand for more transparent, more auditable, and more decentralized financial services has never been higher.Total collateralization of the system is at 154% with $8.26 billion worth of collateral backing 5.38 billion DAI. No liquidations have been triggered during the last week. System is working as expected, and always has been. Maker Protocol's code is law for DAI stability.
- This is wild. 600k H100 equivalents at Meta is roughly 8x Tesla's roadmap by end of 2024 (assuming 1 H100 = 4 A100). The 350k H100 target by end of 2024 suggests a more than doubling of total GPU compute since H100 started volume shipping in Q1 2023 To be fair, Tesla's relative
Can finally talk some GPU numbers publicly 🙃 By the end of the year, Meta will have 600k H100-equivalent GPUs. Feel free to guess what's already deployed and being used 😉! - The growth of institutional DeFi activity as a share of total volume is shocking
We’re excited to introduce our Global DeFi Adoption Index! Check it out to learn which countries are leading the way in grassroots DeFi adoption. blog.chainalysis.com/reports/2021-g… - Apple cracking down on NFT use inside apps is a prime example of how easy it is to forget the power central gatekeepers have today Going to be hard for NFTs to provide more functionality if the if only apps that can support them need to be sideloaded onto an Android phoneApple updated their App Store Review Guideline to prohibit NFT as a means to bypass Apple’s in-app purchase mechanism > Apps may allow users to view their own NFTs, provided that NFT ownership does not unlock features or functionality within the app developer.apple.com/news/?id=xk8d7…
- Despite overall trading volumes down m/m, decentralized exchanges just printed their best month ever relative to centralized exchanges DEX volumes ($63.7 B) are now roughly equivalent to USD-supporting exchanges ($66.5 B) Clear signs activity is moving on-chain and off-shore
- I've been testing out @ether_fi's Cash card over the last 24 hours I have to admit, I think its the most impressive DeFi experience I've had in years -> crypto-native, yet user friendly, and actually real-world useful Not surprised the growth they're seeing. And awesome that
- Check out the latest episode of FYI, where @draecomino and I dig into the Terra universe with the Master of Coin himself @d0h0k1!FYI | EP98 is live! This week, @d0h0k1 and former ARK analyst @draecomino join the program to talk about the Terra blockchain. They also weigh in on the current crypto world, how Terra fits into the picture, and much more. Listen! ⬇️ arkinv.st/3fLsOu7
