Blog
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AI Inference Prices Fell 43% Since May. Four Things That Number Hides
Key Takeaways The blended enterprise inference price fell 43% in about ten weeks: $2.04 per million tokens on May 31 → $1.45 in late July → $1.16–$1.18 on Aug 6–8, 2026 (Jefferies research, citing Silicon Data’s pricing index, via SCMP).…
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Open Weight vs Open Source: Which of These 5 Models Can You Actually Sell?
Key Takeaways Muse Glimmer (Meta, Aug 10, 2026) ships under Apache 2.0. No revenue cap, no user threshold. Kimi K3 (Moonshot AI, Jul 27, 2026) is the only one of the five with a gate: a separate commercial agreement once…
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Does a Bank Charter Make a Stablecoin Safe? What USD1’s Approval Actually Covers
Key Takeaways A trust bank charter governs who is legally accountable for reserves and who can examine them. It does not change what those reserves are invested in. August 14, 2026: the OCC gave World Liberty Trust Company preliminary conditional…
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AI Copilot or Autonomous Agent? The Line Is Custody, Not the Name
An AI copilot and an autonomous AI agent can run on the identical model. What matters is custody: does the AI only suggest, with you clicking every trade, or does it hold the keys and execute on its own? Everything…
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Strategy Sold Bitcoin Two Weeks Straight. Its Own Filings Show Where It Went
Strategy, the company built on the pledge to never sell its bitcoin, has now sold bitcoin in back-to-back weekly SEC filings. Between July 27 and August 9, 2026, it sold 3,328 BTC for a combined $213.3 million — and every…
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Decentralized AI Inference: Is It Really Cheaper?
Decentralized AI inference is not automatically cheaper than centralized cloud inference. It becomes cheaper only when the lower compute quote survives four tests: measured throughput, tail latency, service reliability and the cost of verification and fallback. Key Takeaways A decentralized…
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What Is Meta’s AI Strategy? Own the Assistant, Not Just the Model
Meta’s AI strategy is to make its assistant the layer between people and the digital world across Meta’s apps, developer tools and devices. Meta wants to own the route from infrastructure to a personal assistant, while advertising pays for the…
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Microsoft and OpenAI’s Relationship Is No Longer Exclusive. Here’s What Changed
Microsoft and OpenAI are no longer exclusive partners under the terms either company has published. As of an amendment dated April 27, 2026, OpenAI can sell its products through any cloud provider, and Microsoft no longer holds an exclusive license…
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What Backs Stablecoins Is Not What You Can Redeem
What backs stablecoins, for the largest dollar tokens, is cash and short-dated U.S. Treasury paper held by a custodian bank. That answers the reserve question and only half of what a holder needs. Backing describes what the issuer owns. Redemption…
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When Does AI CapEx Pay Back? Watch Four Clocks
AI capital spending pays back when useful, paid workloads fill the infrastructure fast enough to cover depreciation, power, and the next hardware refresh. There is no single payback date: investors need to watch four clocks—deployment, utilization, monetization, and replacement—because each…