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RT @IvanOnTech: BITCOIN - BETTER THAN GOLD ❤️❤️💜💚💚💚💜💜

🗞 CURRENT STORY The customer becomes the competitor - OpenAI builds its own chips OpenAI is no longer only Nvidia’s largest story. It is trying to become Nvidia’s competitor. The lab has shown in-house accelerators it claims beat general-purpose GPUs on its own workloads, while still raising and spending at a scale that keeps the existing supply chain fully employed. Every frontier lab that can afford it is doing some version of the same thing. Google has had TPUs for years. Amazon continues to push Trainium. Anthropic is signing long-dated compute deals and talking to specialist silicon startups. Dependence on one supplier is a strategic risk. Designing silicon is how you stop paying the strategic-risk tax. #TheRealBusiness

This woman is a psychopath and should be nowhere near any position of power.

If you didn’t sell this year, you’re a legend to me. Cheers !

🎯 PASSION PROJECT Gordon Ramsay’s first passion was football/soccer. He was signed by Rangers FC at sixteen. A knee injury at eighteen ended it. He took a kitchen job for the money and discovered an obsession equal to the one that had been taken from him. He worked under Marco Pierre White, then the great French kitchens. He achieved his first Michelin star at thirty-two and the third at thirty-eight. He entered professional kitchens because he needed income and stayed because he found a competitive intensity that matched what football had provided. The redirected intensity built the empire. The craft came before the television deals. #TheRealBusiness Kitchen photo courtesy of Laust Ladefoged via Wikimedia Commons

🗞 CURRENT STORY Physical AI - Robots, Robotaxis and IROS week Late September this year is when AI will leave the chat window and take to the open road. IROS 2026 opens in Pittsburgh. Uber and Pony.ai have been planning thousands of robotaxis in Europe. Nvidia wants to run factory robots - here China is both a customer and a competitor at the same time. A model that writes an email can be wrong cheaply. A model that moves a two-tonne vehicle cannot. The next credibility test will be physical. #TheRealBusiness

💬 QUOTE “Success is liking yourself, liking what you do, and liking how you do it.” Maya Angelou arrived at the definition after living a wider range of lives than most people manage in a single lifetime. She published her first major book at forty-one. She was later appointed Reynolds Professor of American Studies at Wake Forest University and taught there for three decades. The appointment rested on the body of work, not on traditional academic credentials. The three-part test is still one of the more practical career diagnostics available. Does the work require you to become someone you are not? Does it engage something genuine? Are the methods ones you would be comfortable describing to anyone? If the answers are consistently no, the career is consuming more than it is building. Angelou had already tested most of the alternatives before she settled on the definition. #TheRealBusiness

This is Dieter Schwarz - the owner of Lidl, the richest man in Germany, one of the richest people in the world. Only two known photos exist of him, zero video footage, and he's never given an interview. He is an extremely dedicated philanthropist, having put billions mostly into educational causes. He lives in Heilbronn, in Germany, and has transformed the area into an educational/tech/research hub, as well as funding educational activities at Oxford, HEC Paris, Stanford and many others. Technically, he doesn't actually own Lidl any more, as he set up 'The Dieter Schwarz Foundation' - a charity - which owns the Schwarz Group, the parent company of Lidl. In other words, Lidl is owned by a charity that ploughs lots of money into educational causes - and yet Lidl never use any of that in advertising. One of the most successful, interesting people on earth, and nobody even knows what he looks like any more.

See….see…told you so

⚠️ ETHICS WATCH The most widely used harmful application of generative AI is not a superintelligence scenario. It is the industrialised theft of likeness - Your face, your body, your voice, your childhood photos. Many AI editor apps will undress a photograph - even children have been targeted - or clone a voice from a clip. US tests in 2026 found that a non-trivial share of consumer “photo editor” apps would generate explicit images from clothed pictures. Deepfake fraud is now a standard tool in romance scams, CEO impersonation, and hiring pipelines. This is not a debate about art. It is a consent problem with industrial distribution. If a product’s most reliable use-case is violating a person who never opted in, the product is at fault and should be held accountable. #TheRealBusiness

🗓️ #OnThisDay On 23 September 1999 NASA lost contact with the Mars Climate Orbiter as it approached the planet. The spacecraft, which had cost $327.6 million and travelled hundreds of millions of kilometres, was destroyed. The cause was a units mismatch. A subcontractor’s software produced thruster data in pound-force seconds. The navigation team expected newton-seconds. The discrepancy had been present throughout the nine-month journey and had slowly pushed the craft off its intended trajectory. No one noticed until it was too late. The root cause was not exotic technology. It was a standards and documentation failure that repeated every day without detection. In any complex project the most expensive errors are often the quiet assumptions that never get examined because everyone believes someone else has already checked. Assumptions about what a number means are among the costliest assumptions an organisation can make. #TheRealBusiness Photograph of tests being performed on the Mars Climate Orbiter courtesy of NASA

Bitcoin does not need permission. Unfortunately, in the UK, buying it increasingly does. In 2022, Rishi Sunak said he wanted the UK to become a “global cryptoasset technology hub”. Since then, buying Bitcoin has become wrapped in layer after layer of friction. - 24 hour cooling-off period - Personalised risk warnings - Investor categorisation - Appropriateness assessments - Financial-promotion restrictions - Rising compliance costs for UK facing businesses The rules do not stop at the FCA. Banks now sit on top of them and decide whether a legal purchase goes through. - Chase blocks crypto payments - Santander limits them to £1,000 per transaction and £3,000 per 30 days - NatWest limits them to £1,000 per day and £5,000 per 30 days - HSBC limits them to £2,500 per transaction and £10,000 per 30 days - Barclays limits transfers and blocks crypto purchases on Barclaycard You can pass the test, wait out the cooling-off period, use a compliant exchange and try to make a completely legal purchase with your own money, only to find your bank still decides how much Bitcoin you can buy, or whether you can buy it at all. Consultations may technically be open to everyone, but meaningful participation takes time, lawyers, policy teams and money. The UK says it wants to be a global digital-assets hub while simultaneously building more friction between citizens and permissionless money. The irony is hard to miss. The toughest parts of the UK crypto promotion regime landed across late 2023 and early 2024, just before Bitcoin went on to more than double during 2024. Bitcoin does not need permission, protection or representation, but people in the UK do need a voice when bad rules are being written around it. You should not need permission from a broken financial system to step outside a broken monetary system. Thanks for the article @BitcoinEventsHQ, the support is really appreciated.

Ilya Sutskever’s career is a map of the modern AI field: AlexNet and the ImageNet breakthrough, OpenAI, a bruising governance crisis, then a new lab whose name is literally its mission - Safe Superintelligence (SSI). In July, Nvidia made what it called a “substantial” investment in SSI alongside a long-term partnership giving the lab access to its next-generation Vera Rubin systems. Reuters subsequently reported the investment at $5 billion, although neither company has publicly disclosed the figure. That is not a product launch. It is a price tag on uncertainty. One of the people closest to AI frontier training runs left OpenAI and founded an organisation whose entire premise is that superintelligence safety needs to be solved as a dedicated technical problem. SSI describes itself as having one goal and one product: safe superintelligence. You can read that as alarmism, you can also read it as information coming from someone with unusually deep exposure to how these systems are actually built. The market, meanwhile, is funding both sides: the race to build increasingly capable AI and research intended to make that race safer. Boards that only have exposure to the first of those, are making a one-sided bet. SSI does not need to become the next consumer AI platform for the allocation to make sense. Its stated model is deliberately insulated from conventional product cycles. Some research is valuable because the cost of not doing it could be far greater than the cost of the lab. Ilya Sutskever is covered in my AI Revolution Series in episodes 'The Story of Geoffrey Hinton' and 'Anthropic and the AI Safety Race' #TheRealBusiness

🕊️ FREEDOM STORY In 2011 Andrew Hyde, founder of Startup Weekend, reduced his possessions to fifteen items and spent the following years travelling while working remotely. The experiment was not a performance of minimalism. It was a deliberate test of a hypothesis: that the objects accumulated in a conventional life were not increasing freedom but were instead anchoring him to a cost base, a geography, and a set of obligations that constrained choices. Most entrepreneurs never run the equivalent audit on their businesses. Team structures, processes, recurring commitments and fixed costs often exist because they once made sense, not because they still do. The fifteen-item framework applied to a company asks a useful question: what would you eliminate if the elimination made everything else lighter and more mobile? Hyde’s extreme version simply makes the question harder to ignore. #TheRealBusiness

🚨SHOCKING: Stanford used AI to change a student's race and gender in its own advertising, replacing him with an AI-generated Black woman. Stanford's Residential and Dining Enterprises took a real photo from a university photographer and used AI to swap out students and make others appear visibly thinner. Student Billy Ramirez said he was "baffled" after discovering he had been completely removed from the image. "Seeing my identity changed and being left out of the picture made me feel silenced and erased," Ramirez said, per the Stanford Review.

What happens when an AI company founded around safety becomes one of the most valuable companies in the world? Anthropic may be about to find out. New piece later today. #TheRealBusiness

🏭 INDUSTRY MILESTONE In March 2012 Michael Dubin uploaded a ninety-second video shot for $4,500. He wrote it, performed it, and released it. Within forty-eight hours the company had 12,000 orders and a crashed website. Dollar Shave Club identified a simple gap: Gillette and the legacy razor industry were selling successive generations of technology and retail complexity. Most men wanted blades that worked, delivered regularly, at a price that did not feel extractive. The direct-to-consumer subscription model stripped out the unnecessary layers and passed the saving to the customer. In 2016 Unilever acquired the company for $1 billion. Four years from a $4,500 video to a billion-dollar exit. The lesson is not that every category can be disrupted by a funny video. The lesson is that long-standing industries often accumulate cost and complexity that customers never asked for. Removing that complexity can be worth more than adding another feature. #TheRealBusiness Photo by Whoisjohngalt and Unilever(Logo) via Wikimedia Commons