swe @RobinhoodApp chain, NFA bs/ms @Berkeley_EECS prev: crypto defi, options mm, gpus/RL drones
hilbert space
- Tweets 1,230
- Following 810
- Followers 1,269
- Likes 6,226
Lokp Ray retweeted
Reading all those recent beautiful essays by Terry Tao, Kevin Buzzard and @wtgowers, I could not resist, but write up my deeply personal perspective on how I perceive and see things:
docs.google.com/document/d/e…
72
284
1,731
505,128
anthropic and oai are both cleaning up their headcount the past week to make the S1 filing look sexy before ipo — even if you are wife of founder
Those OpEx and R&D expenses are cooking
3
273
The @BostonCollege Investment Committee (an LP and my beloved alma mater) asked for a few thoughts on what's happening in AI. I recorded a test run yesterday morning and then shared it with my partners, who encouraged me to share it more broadly... so here you go!
This is not a sales pitch, it's just a reflection on what we're seeing. And it wasn't intended to be shared, so please pardon the rough edges.
loom.com/share/c016702964a04…
135
384
3,470
1,622,158
“tim is a rancher. he's run a goat operation out of california for a long time.”
and Eric is a senior trader at SIG.
Tim and Eric decide to play games with counting goats 🐐
Little did they know the goats are the ultimate winner here
susquehanna is one of the largest options market makers on earth, with $22 billion of revenue last year. in 2023 it became the first major quant firm to build a dedicated prediction markets desk. this is the trade they use to explain what it is actually for:
"tim is a rancher. he's run a goat operation out of california for a long time. tim's risk was that his wages were going to go up by 4x, which is not a sustainable thing for his business. it's either cutting some herders from your payroll, or shutting down your business."
"he chose to hedge whether or not the california state legislature was going to help him and other goat ranchers get this provision back in. if they do get it back in, then he loses the premium that he paid. but if they don't get it back in, then he gets a 10x payout on his premium, and he'll be paid half a million dollars."
"either outcome now is an outcome that is going to help him move forward with his business."
1
2
327
Tim Gowers' opinion on not sign the Fields medallists’ letter.
A good read on ai x math.
PhDs in math aspiration were to solve big problems but in the age of AI, things are/might be changing.
gowers.wordpress.com/2026/09…
1
247