A third party data provider claims to have seen 1.5T tokens processed on Azure OpenAI in June in their panel. Of those, 1.3T are 4o and 4o mini tokens, and 29B are reasoning tokens. Interesting distribution of usage.

maybe he's just doing that thing where you write a letter when you are mad and put it in a drawer till you calm down but you don't actually send it

AI optimized concrete🚀

“smelter economics are terrible… It is highly unlikely a company would invest $5-6B for a project that wouldn’t be operational during a Trump presidency with poor margins. Therefore the tariff incents no proper economic action but rather simply adds cost to US manufacturers.”

Borrowing $10B against chips you are renting to Microsoft is one thing. Borrowing $10B against chips you are renting to Mistral and Black Forest Labs seems like something else.

cruel enough to call peak software, but to analogize it to legacy media ☠️

According to Empirical the share of trading by fundamental investors has reached an all time low. Retail now accounts for close to 20% of trading, approaching jan/feb 2021 highs, while fundamental LO and HFs are down to 15%.