There will be no ChatGPT moment in robotics. The models are coming, but capital, not capability, sets the pace in physical deployments. Every robot needs to be financed into existence.

Excited to share that I joined @thebotcompany at the beginning of August to work on ML and other robot stuff. Extremely talented and focused team, can’t wait for what’s coming next

Gemini 3.7 Flash just saturated one of our physical tool-use benchmarks at 92%. Gemini 3.6 Flash, released three weeks earlier, scored only 32%. This marks a step change in the robotics capabilities of LLMs. 🧵

Ultra is growing! Come deploy robots with us faster than ever before possible. We're hiring across all departments: — Data Operations Associate — Data Operations Lead — Machine Learning Engineer — Research Scientist — Research Scientist / Research Engineer (Intern) — Head of Finance — Head of People — Head of Marketing — Robot Manufacturing Technician — Robotics Hardware Engineer — Robotics Systems Integration Engineer — Senior Electrical Engineer — Senior Mechatronics Engineer - R&D — Supply Chain and Procurement Lead — Deployment Engineer — Field Support Technician — Fleet Support Specialist (Saturday-Wednesday) — Head of Customer Operations — Head of Pilot Operations — Founding Product Manager — Product Engineer — Robotics Firmware Engineer — Software Infrastructure Engineer Careers page linked in comments. ↓

Since joining Framework in January, I've been so impressed with the speed, precision, and insight of this team. Very proud of @rajivpoc making GP as we expand our horizon into frontier tech with our newest fund 🚀

THE BLOCK: Framework Ventures closed an oversubscribed $400 million fourth fund to invest across crypto, AI, robotics, energy, and other frontier technologies. The firm also promoted Rajiv Patel-O'Connor to general partner as it expands its investment strategy beyond digital assets.

1/ Today in @FortuneMagazine: Framework Ventures has raised $400 Million for our 4th fund, FVIV. We believe the future is being built at the intersection of blockchain, AI, robotics, energy, and fintech. 🧵👇

At DAS NYC, @parkeraedwards takes the main stage with @jacqmelinek to announce Obex Cohort 1 is underway. $1 Billion to be deployed. 8 companies and protocols joining Sky. All aligned with USDS👇

Pumped to work with @obexincubator to bring energy yields to @SkyEcosystem Daylight is a vertically integrated fintech that brings modern capital markets infra to distributed energy at the scale the grid demands. Now we plug stablecoin liquidity in 🔌

Today in @CoinDesk by @sndr_krisztian "Obex is deploying $1 billion to connect Sky's USDS stablecoin to income from real-world assets such as AI data centers, housing and energy." Full article in comments 👇👇👇

One of the first disclosures I've seen of carnage from 10/10, Nomura reporting JPY 10.6bn (US $68m) of losses related to their crypto arm Laser Digital this q > CFO directly outlined the losses were driven by "digital asset market movements observed in October and November" > Says there had been "some long positions" in Oct/Nov + that they "had some long positions" and are now "reducing the volume of risk" > Lots of others will go unreported given they're not public, but just an example of the sizable damage felt throughout the industry on 10/10 ----------------------------------------------------- A few excerpts Hiroyuki Moriuchi for those curious: Statement from CFO: "In this past quarter, we recorded losses in part of our business in EMEA owing to digital asset market movements and the effect of currency hedges. Specifically, earnings at Laser Digital, the unit that runs digital asset business were negatively impacted by market movements observed in October and November of last year. Laser became profitable 2 years after its establishment and its performance was solid in Q2, but the units suffered a temporary negative impact in the third quarter. Earnings in the crypto asset business are volatile by nature, and we are well aware of management of the business over medium to long term, has to take that volatility into account. At the same time, to limit short-term earnings fluctuations, we have further tightened control over positions and risk exposure. Moving forward, we will continue to capture growth in crypto markets while strengthening our services and customer base." Question from Analyst Masao Muraki: "JPY 10.6 billion Red Inc. in Europe. Laser Digital, you said that there was a fluctuation of the market between September and November. So JPY 10 billion of losses. At that stage, there was quite a sizable position. What was the status in terms of position management? One year ago, quite a sizable profits had been recorded, but at that stage, what was the state of position management and in order to control volatility, you said that you are taking measures, but what's your forecast regarding the volatility of performance going forward?" Answer from Normura CFO: "Muraki-san, thank you for those questions. The first question -- the first point of question one, Laser's activity, were there any long positions taken? As you know, regarding Laser's activities, institutional investor market making and crypto assets, fund management and Nomura seed investment, venture investment. These are the diverse activities that Laser is engaged in as we offer services to customers. As you pointed out, there had been some long positions, and based upon that situation, going to the second point of your first question, how will we control volatility of performance going forward? This is a new industry of digital assets, and there are growth prospects, and we are currently in the stage of fostering businesses. And we -- our position is unchanged. We will -- we have long-term commitments. And in terms of risk management framework, we already had a robust risk management framework. On the other hand, in the short term, as you have rightly pointed out, how should I put it? There are times when sizable revenues are recorded, but last year, in November and December, there was some market disruption. So there is upside as well as downside, quite significant upside as well as significant downside. So in the short term, already, in order to control volatility, we are reducing the volume of risk in the positions we take. So this kind of precise position management will be continued in order to control upside and downside volatility, and in the long run, we wish to expand this business. So that concludes my response to your first question."

PFOF on Solana Earlier this month, I gave a talk at MEV Day on payment for order flow and how frontends are monetizing their users on Solana. Since it was unrecorded, I turned the presentation into an article benedict.dev/pfof-on-solana

That’s not fully true. I have pretty good bots that forecast vol and calibrate events better than most. People can choose to copy them and they may find wallets but they won’t necessarily be able to understand my model.

honey I lost my job as a truck driver because they decided to automate the entire fleet. Luckily, I bought 12 event contracts on Kalshi, 11 of them expired worthless, and i paid a ton of fees but we should be able to cover our costs for a few weeks before we lose the house 👌

Thrilled to share that I’m joining @hiFramework. After many years trading volatility, I'm excited to take a longer term view on markets and people. Feel free to get in touch.

Conversations at Meridian This week we had the one and only @ntrlsk drop by the Meridian office to chat with @bqbrady They discuss the market structure for perps and options in crypto, the factors that led to the 2024/25 bull market, and the future of prediction markets

Spotify Wrapped but for TreeCapitalBot

Proposal submitted: USDH powered by Paxos USDH issued by Paxos would mean: ❏ Global issuance that is GENIUS compliant ❏ Revenue sharing that fuels HYPE, protocols and validators ❏ Regulatory clarity + global scale to match @HyperliquidX's explosive growth Hyperliquid.

reasonable take from @ntrlsk