KEN GRIFFIN: WE HAVE SHED MORE THAN 80% OF THE AGGREGATE RISK WE TOOK ON FROM OUR SITUATIONAL AWARENESS PORTFOLIO. So, Citadel creates fear in the market by saying there will be a rate hike to cause a liquidation of these high beta semiconductor names. Then, they buy up all of Leopold's leveraged exposure for 40-50 cents on the dollar. Two weeks later on August 11th, they issue a note to clients saying that they think the market is ready to "systematically start buying" the names that got sold off. Then today, Ken Griffin tells investors that they sold most of their exposure which means he unwound those names in the past 2 weeks after their massive reversals from July. Wall Street is ruthless.

We heard you. And we agree. In light of recent developments in physical media, GitHub is proud to announce that you can now obtain your public repo on CD-ROM. Keep it. Lend it to friends. Pass it on to your children. Your code is physically yours, forever. Until you lose it, let's be real. Order yours today. gh.io/cd

you either die a frontier lab or live long enough to see yourself sell compute

Optimized large model inference is really just pretraining with extra steps.

was discussing yesterday with a lab currently scaling and, data aside, they spend most days on network issues.

codex is now my primary interface into both gmail and linear a harbinger of what is to come for established web interfaces