A famous formula for π: π/4 = 1 − 1/3 + 1/5 − 1/7 + … This comes from a trigonometry formula: arctan(x) = x − x³/3 + x⁵/5 − x⁷/7 + … Putting x = 1 gives the series for π/4. This result was discovered independently by: Gottfried Wilhelm Leibniz (1673), James Gregory (1671), Nilakantha Somayaji (around 1500, in Tantrasangraha).

📊 @Solana is the largest network by RWA holder count at 290,353, up 133.5% year-to-date Below is the breakdown by asset class and market share: 1) Stocks: 234.6K (80.8%) 2) Commodities: 27.2K (9.4%) 3) U.S. Treasury Debt: 8.9K (3.1%) 4) Specialty Finance: 8.1K (2.8%) 5) Asset-Backed Credit: 5.6K (1.9%) 6) Non-US Government Debt: 4.3K (1.5%) 7) Real Estate: 1.3K (0.5%) 8) Diversified Credit: 159 (0.1%) 9) Corporate Credit: 71 (0.02%) 10) Active Strategies: 27 (0.01%) 11) Private Equity: 20 (0.01%) 12) Cryptocurrencies: 12 (0.01%)

In 2023, more than 5,000 attended the 30th Annual "OWN IT!" Baron Conference at New York's iconic Met Opera House. The 2024, 31st Annual "Building Legacy" Baron Conference on November 15th at The Met… features exceptional executives of SpaceX...MSCI...Arch Capital...and Red Rock Resorts...the Baron Capital team...incredible entertainment...and an ice cream cone served by former ice cream truck driver Ron... Oh yeah...good luck winning one of three awesome Tesla Y door prizes. All expenses, including door prizes...are paid by @BaronCapital...not our clients... Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99-BARON or visiting Please read them carefully before investing. Portfolio holdings as a percentage of net assets as of June 30, 2024 for securities mentioned are as follows: Space Exploration Technologies Corporation - Baron Asset Fund (2.9%), Baron Fifth Avenue Growth Fund (0.9%), Baron Focused Growth Fund (10.3%), Baron Global Advantage Fund (6.1%), Baron Opportunity Fund (2.8%), Baron Partners Fund (13.2%*); Tesla, Inc. - Baron Fifth Avenue Growth Fund (3.2%), Baron Focused Growth Fund (8.6%), Baron Global Advantage Fund (3.3%), Baron Opportunity Fund (3.5%), Baron Partners Fund (28.9%*), Baron Technology Fund (2.5%); MSCI Inc. - Baron Asset Fund (0.5%), Baron Durable Advantage Fund (2.1%), Baron FinTech Fund (2.5%), Baron Focused Growth Fund (3.1%), Baron Growth Fund (9.8%), Baron Partners Fund (1.8%*); Arch Capital Group Ltd. - Baron Asset Fund (4.8%), Baron Durable Advantage Fund (2.1%), Baron FinTech Fund (3.0%), Baron Focused Growth Fund (6.4%), Baron Growth Fund (12.7%), Baron International Growth Fund (2.8%), Baron Partners Fund (9.5%*); Red Rock Resorts, Inc. - Baron Discovery Fund (1.6%), Baron Focused Growth Fund (3.9%), Baron Growth Fund (1.5%), Baron Partners Fund (1.5%*), Baron Real Estate Fund (1.7%), Baron Small Cap Fund (3.6%). *% of Long Positions. Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk. All expenses associated with this conference are paid by Baron Capital, Inc. No conference expenses are paid by Baron Funds. BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).

David Sacks: The Economy Is Stronger Than You Think “There's been a tremendous amount of economic data in just the last week or two showing that the economy is much stronger than people are giving it credit for. So first of all, Q2 GDP was revised up to 2.2% from 1.5%, so that's basically a 50% increase. Economists had expected no revision. Q1 was also revised up to 2.5% from 2.1%. And if you look at the Q3 growth, it's tracking well above that. The Atlanta Fed GDPNow is showing around 3.7% as of late last week. And then there was also some good news on inflation, we saw that core PCE just came in at 3.0% versus 3.3% expected. So inflation is still a bit too high, but actually it is cooling and beating expectations. And then finally, you look at manufacturing. We're seeing a huge wave of re-industrialization in this country. A couple of the measures are the Chicago PMI and then ISM Manufacturing. They both are well into expansion territory and beating forecasts. Just one last point, let's talk about poverty for a second, because I want to address the idea that this is just a K-shaped recovery. So if you look at US household income, it's now at record high. The median household income is almost $90,000, and after-tax household income is growing again in the second Trump term, it's averaged 3.1% a year. In Trump 47, it was 3.9%, in Trump 45, and it was -1.2% in Biden's term as a four-year average. So we're seeing that after-tax household incomes have risen by 3.1%, and the poverty rate in the US has fallen to its lowest level in history, 10.2%. So the poverty rate, the child poverty rate, these are all at historic lows. The average household's real income after inflation, after taxes, is increasing for the first time in years. And you've got this SI boom that the Wall Street Journal said is bigger than the railroads, the canals, and the electric grid combined, and all these things are basically fueling strong growth in the economy. And again, I would just dispute the K-shaped narrative because the poor are benefiting and the average household are benefiting as well.”

SpaceXAI just launched Grok Voice Think Fast 2.0 - its most capable speech-to-speech model yet The numbers are so impressive: • 82.9% overall Speech-to-Speech Quality Index • 97.2% on speech reasoning • 56.5% on agentic voice tasks • Just 0.70 seconds to first audio • Uses only 0.4× the reasoning tokens of Think Fast 1.0 Grok Voice Think Fast 2.0 now ranks ahead of GPT-Realtime-2.1 and Gemini 3.1 Flash on overall speech-to-speech benchmarks But the biggest improvement is real-world listening Across thousands of short phrases in 24 languages, it delivers 1.5–2× better transcription accuracy than Deepgram Nova 3 and ElevenLabs Scribe v2 In noisy environments and compressed phone calls, that advantage grows to around 10× It can also reason while speaking, allowing tool calls to begin before it even finishes its first sentence.....with no added latency Conversations now feel much more natural: • Shorter responses • One question at a time • Less filler • More fluid dialogue • Better guidance through complex tasks SpaceXAI has already deployed it on Starlink's phone line and saw significant increases in both sales conversion and customer support containment Grok Voice Think Fast 2.0 becomes the default grok-voice-latest model on August 5 Pricing: $0.08 per minute of audio Voice AI is rapidly evolving from scripted assistants into intelligent agents that can listen, reason, speak, and take action in real time