$AAPL and $META are teaming up on AI and I think this partnership is a MUCH bigger deal than people realize. For the first time since 2017, these two longtime rivals are publicly working together and it's all about bringing powerful AI models directly onto Apple's hardware. Meta is releasing Muse Spark Open, an open weight AI model that developers can run locally using just 2 to 4 connected Mac Studios. Now, why is this important? Traditionally, running powerful AI models required access to expensive cloud infrastructure packed with GPUs. Every time someone interacted with these models, much of the computing happened inside a data center. But with this partnership, developers can run a powerful AI model on their own machines without having to send every request to a remote server. This could mean lower ongoing inference costs, better control over sensitive data and less dependence on cloud providers for certain workloads. And I think this is where things get REALLY interesting. For Apple, this creates another reason for developers to invest in its high end Mac hardware. Apple's unified memory architecture allows its chips to access large amounts of memory, which is particularly useful when running large AI models locally. For Meta, it's about distribution and getting more developers to build with its models. Making powerful AI accessible outside expensive data centers could accelerate adoption, especially among developers building AI agents, coding tools, and other applications but there's also a much bigger trend happening across the AI industry. We're starting to see AI computing expand beyond centralized data centers and move closer to the actual user. And before anyone starts worrying about what this means for $NVDA and the broader AI infrastructure industry, I don't think this obviously lowers the need for data centers whatsoever. Training frontier models and serving millions of users simultaneously still require enormous computing resources. Local AI simply creates another way for people to access that intelligence. In fact, I think the long term opportunity is that cheaper and more accessible inference will encourage MORE people to build and use AI applications, ultimately increasing total computing demand. My biggest takeaway is that the AI industry is becoming much bigger than just the race to build the largest model. It's now about who can make these models cheaper, more accessible, and easier to deploy and Apple and Meta clearly want to be part of that future.

Democrats are tricking less and less black people. My man here is wide awake. “Jim Crow 2.0” isn’t anything but an attempt to get the public to think Republicans are racist and scare black people into voting for Democrats.

I think @NousResearch and @PalantirTech have the exact same thesis Owning your AI stack as intellectual property and to drive unique outcomes vs using the same model as everyone else With Hermes the apps/skills are emergent (build this) with Palantir's ontology its more direct/codified (i.e. cross validate images with documents using AIP) The goal is the same but the build is very different. With Hermes it feels bottoms up and you build what you want whereas Ontology its more rigid and defined and less hallucinations. I'll circle back after I'm done building something with ontology.

"Psychologists Marilynn Brewer and her colleague Kathleen Pierce predicted that “when individuals, or social systems, are threatened by psychological, economic, or political loss,” social identities will be defined based on more exclusive and less complex categories that simplify the world, driven by a desperate need to reduce uncertainty. The result is increased discrimination and resistance to change."

A short and rare late night rant from me.... Ya. I didn't forsee this hawkish Fed hike. Especially with core cpi at 2.4%. Yet, there is no immediate impending inflationary doom. They could have waited 6 wks post election. Would not have mattered. No question this hike and another one will hit sentiment and reduce odds of a strong R showing in mid-terms. The center of economic and financial power has moved West and resides with the tech crowd. IE Top 10 US billionaires are US tech. Tradfi Wall St/DC guys now small and less relevant in comparison. Influence and power is shifting. Was very obvious at the All-In Summit I attended in LA that the US economic leaders 10 years from now are the Gen Xers who were in that room. All futurists..imnovators..space, robots, ai, autonmous vehicles, crypto/blockchain etc etc. Liquidity funds exploration. Was Warsh ever really on board with that thesis? Was he ever truly supportive of the Trump agenda? Strikes me there is a Trojan horse component here but for whose interests I don't know. The East Coast traditionalists? What do they want? To remain relevant? Who knows. Warsh would not have been appointed had he originally told Trump that his first move 6 wks before mid terms would be a hawkish hike. Bessent seems fully behind the Trump and the futurist agenda in every regard. If he were Fed chair, would he have hiked 6 wks before an extremely contentious election? I doubt it. Oil move has been enough of a negative liquidity shock and now there is a pile on with this newly aggressive and poorly timed Fed posture. Feels like stock mkt about to get bumpy. The higher the mkt goes the greater justification the Fed will have to hike even more. Mkt weakness will not be able to reverse Fed policy unless it becomes severe and dire... and timing could not be worse to attempt this experiment now.