Abundance or Bust 💥 AI 🤖 · Power ⚡ · Chips 💽 · the End of Money 💸 SpaceX vs OpenAI vs Anthropic. TeraFab vs ASML. TSLA vs SPCX. Why pure LLMs could get crushed! With @HansCNelson

Abundance Institute's Neil Chilson on China's progress in open source: "China is running a little bit of a different race than the US. We always hear about the race between the US and China. The US, especially the frontier labs, they're pushing the frontier, racing towards AGI or ASI, trying to build massive all-capable models. I think China is much more interested in, how do we deploy this stuff across the economy?" "In that space, there are lots of models that are good enough, and sometimes you want them cheaper, smaller, faster, rather than all capable. You just want them good at one thing or a few things. So China is trying to deploy it into their ecosystem faster." "Domestically, I think we need to focus a little bit more on the implementation side, the diffusion of the technology. That's where the real benefits show up, in people's doctor's visits, their entertainment, their transportation. Then maybe people looking at data centers will think, oh, that's why I got my cancer scan three years earlier, instead of looking at them as a nuisance. China is running that diffusion race, and so for them, open source might be a better strategy." @neil_chilson @abundanceinst

"Super intelligence leads to abundance." Elon Musk posted that last night, and he attached a real example from Cochise County, Arizona. High desert. Cattle country. A small town called Willcox about 13 miles from the site. SpaceX wants to build one of the largest AI data centers in America there, up to $50 billion of investment and around 6 gigawatts at full build-out. Frank Antenori, chairman of the county board, ran the numbers in a live Q&A. Arizona caps how much a county can spend. When revenue goes past that limit, the law sends the extra back to taxpayers. His words: "We could be reducing property taxes across the board in Cochise County, the entire county, by 20%." That includes every resident who came to the meeting to oppose it. He also said the construction sales tax alone could pay off the county jail in 2 to 3 years instead of 13 to 20. What about the water? SpaceX plans to dry-cool the campus with air. No groundwater pumped for industrial use. At full build-out, total water use would be roughly what 20 to 30 Arizona homes use. Add $3.6 billion in grid upgrades and about 1,000 permanent jobs. At the Baron conference in New York, Elon Musk said the opposition to data centers mostly comes from places that don't have one yet. "Memphis is booming because of SpaceX. The restaurants are full, the hotels are full." The owner of a diner in Memphis can tell you that better than any op-ed. For a hundred years, a big factory meant a steel town or a car town. What SpaceX is building in places like Memphis and Cochise County is a new kind of industry: quiet buildings full of chips that turn electricity into intelligence, and in this case, into a lower tax bill for the whole county. The public hearing in Cochise County is on December 9. I hope they say yes.

Out of an abundance of caution, BOB Gateway swaps engine is temporarily paused following reports of a security incident at Binance. All user funds are safe, and pending orders are processing normally. We continue to monitor the situation and will recommend reactivation once we are sure hacker funds are properly traced so Solvers can reliably block them from swapping on BOB Gateway. Crypto and DeFi must stand together against bad actors. Zero tolerance for crime.

Out of an abundance of caution, @build_on_bob Gateway swaps engine is temporarily paused following reports of a security incident at Binance. All user funds are safe, and pending orders are processing normally. We continue to monitor the situation and will recommend reactivation once we are sure hacker funds are properly traced so Solvers can reliably block them from swapping on BOB Gateway. Crypto and DeFi must stand together against bad actors. Zero tolerance for crime.