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<v Cassidy>Two <00:00:00.206>record-setting <00:00:00.864>open <00:00:01.177>models <00:00:01.568>drop <00:00:01.824>overnight

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<v Cassidy>and <00:00:03.008>Anthropic <00:00:03.660>quietly <00:00:04.147>signs <00:00:04.600>a <00:00:04.764>nineteen-billion-dollar <00:00:05.907>power <00:00:06.280>lease <00:00:06.533>in <00:00:06.702>Kentucky — <00:00:08.107>guess <00:00:08.280>which <00:00:08.520>one <00:00:08.704>most <00:00:09.027>feeds <00:00:09.392>will <00:00:09.568>lead <00:00:09.840>with.

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<v Cassidy>This <00:00:12.293>is <00:00:12.440>the <00:00:12.667>AI <00:00:12.947>Daily <00:00:13.333>Briefing.

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<v Cassidy>Today: <00:00:14.740>who <00:00:15.084>actually <00:00:15.504>owns <00:00:15.780>the <00:00:15.890>weights <00:00:16.272>when <00:00:16.420>the <00:00:16.520>biggest <00:00:16.864>open <00:00:17.173>model <00:00:17.493>comes <00:00:17.780>out <00:00:17.893>of <00:00:18.080>China

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<v Cassidy>and <00:00:19.230>whether <00:00:19.520>a <00:00:19.648>seventeen-times <00:00:20.530>revenue <00:00:20.933>multiple <00:00:21.422>survives <00:00:21.960>a <00:00:22.057>second <00:00:22.464>look.

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<v Bill>Hit <00:00:23.829>follow <00:00:24.280>and <00:00:24.440>you <00:00:24.580>won't <00:00:24.768>have <00:00:24.987>to <00:00:25.088>come <00:00:25.320>looking <00:00:25.640>for <00:00:25.780>the <00:00:25.904>next <00:00:26.250>episode.

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<v Cassidy>Michael <00:00:28.055>Nuñez, <00:00:28.975>writing <00:00:29.282>in <00:00:29.385>VentureBeat:

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<v Quote>Moonshot <00:00:32.192>AI <00:00:32.905>the <00:00:33.035>Beijing-based <00:00:33.823>artificial <00:00:34.454>intelligence <00:00:35.095>startup <00:00:35.491>backed <00:00:35.818>by <00:00:36.005>Alibaba

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<v Quote>on <00:00:37.107>Thursday <00:00:37.649>released <00:00:38.105>Kimi <00:00:38.685>K3— <00:00:39.605>a <00:00:40.005>2.8-trillion-parameter <00:00:41.752>model <00:00:42.165>that <00:00:42.505>the <00:00:42.615>company <00:00:43.029>says <00:00:43.338>is <00:00:43.505>now <00:00:43.745>the <00:00:43.985>largest <00:00:44.469>open-source <00:00:45.232>AI <00:00:45.512>model <00:00:45.872>in <00:00:45.945>the <00:00:46.085>world

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<v Quote>and <00:00:47.025>one <00:00:47.237>that <00:00:47.423>benchmarks <00:00:48.053>show <00:00:48.325>performs <00:00:49.029>neck-and-neck <00:00:49.717>with <00:00:49.865>the <00:00:49.989>most <00:00:50.289>powerful <00:00:50.705>proprietary <00:00:51.425>systems <00:00:51.925>from <00:00:52.293>Anthropic <00:00:52.925>and <00:00:53.125>OpenAI.

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<v Bill>Kimi <00:00:54.636>K3 — <00:00:55.826>largest <00:00:56.428>open-source <00:00:57.423>model <00:00:57.852>ever, <00:00:58.426>weights <00:00:59.296>out <00:00:59.676>in <00:00:59.876>the <00:01:00.076>open, <00:01:00.780>from <00:01:01.116>Moonshot <00:01:01.809>in <00:01:02.006>Beijing.

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<v Bill>The <00:01:03.420>parameter <00:01:04.049>count's <00:01:04.516>the <00:01:04.698>headline, <00:01:05.436>but <00:01:05.964>that's <00:01:06.296>not <00:01:06.516>the <00:01:06.700>part <00:01:06.996>I'm <00:01:07.178>watching.

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<v Bill>Now <00:01:08.256>the <00:01:08.356>weights <00:01:08.716>themselves <00:01:09.644>come <00:01:10.204>with <00:01:10.436>the <00:01:10.625>provenance <00:01:11.266>problem.

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<v Bill>Earlier <00:01:13.004>this <00:01:13.244>week <00:01:13.489>it <00:01:13.636>was <00:01:13.796>where <00:01:14.016>the <00:01:14.146>compute <00:01:14.687>physically <00:01:15.292>sits.

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<v Bill>Now <00:01:16.529>it's: <00:01:16.936>the <00:01:17.416>biggest <00:01:17.916>open <00:01:18.289>model <00:01:18.636>on <00:01:18.816>the <00:01:18.945>planet <00:01:19.496>was <00:01:19.966>trained <00:01:20.396>by <00:01:20.596>a <00:01:20.736>lab, <00:01:21.463>on <00:01:21.596>a <00:01:21.756>stack, <00:01:22.529>in <00:01:22.676>a <00:01:22.765>jurisdiction <00:01:23.456>outside <00:01:24.236>U.S.

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<v Bill>reach — <00:01:25.536>and <00:01:25.616>you're <00:01:25.883>downloading <00:01:26.449>it <00:01:26.620>into <00:01:26.934>production.

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<v Cassidy>And <00:01:28.213>notice <00:01:28.604>what's <00:01:28.946>missing.

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<v Cassidy>VentureBeat's <00:01:30.936>got <00:01:31.156>'rivaling <00:01:31.756>top <00:01:32.076>U.S.

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<v Cassidy>systems' <00:01:32.849>in <00:01:32.896>the <00:01:33.018>headline — <00:01:34.103>where's <00:01:34.336>the <00:01:34.452>technical <00:01:35.047>report?

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<v Cassidy>Big <00:01:36.524>parameter <00:01:37.049>claim, <00:01:37.921>release-day <00:01:38.487>splash, <00:01:39.436>no <00:01:39.649>paper <00:01:39.996>I <00:01:40.116>can <00:01:40.348>find.

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<v Cassidy>Same <00:01:41.720>playbook, <00:01:42.188>just <00:01:42.396>faster.

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<v Cassidy>'Open <00:01:43.966>weights' <00:01:44.442>sounds <00:01:44.748>like <00:01:44.938>transparency <00:01:45.716>until <00:01:45.956>you <00:01:46.120>remember <00:01:46.545>public <00:01:47.026>weights <00:01:47.636>and <00:01:48.036>a <00:01:48.120>documented <00:01:48.600>training <00:01:49.016>process <00:01:49.496>are <00:01:49.736>two <00:01:49.974>completely <00:01:50.588>different

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<v Cassidy>things.

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<v Bill>Right — <00:01:52.976>you <00:01:53.076>can <00:01:53.236>run <00:01:53.409>it <00:01:53.566>without <00:01:53.980>ever <00:01:54.286>knowing <00:01:54.668>what <00:01:54.844>went <00:01:55.100>into <00:01:55.409>it.

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<v Bill>That's <00:01:56.516>a <00:01:56.636>weird <00:01:57.101>definition <00:01:57.836>of <00:01:58.124>open.

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<v Cassidy>Here's <00:01:59.863>Jordan <00:02:00.197>Novet <00:02:00.510>at <00:02:00.745>CNBC:

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<v Quote>That’s <00:02:01.967>boosting <00:02:02.376>cloud <00:02:02.693>startup <00:02:03.123>Fireworks, <00:02:04.030>which <00:02:04.209>competes <00:02:04.595>with <00:02:04.803>Amazon <00:02:05.303>and <00:02:05.432>Google <00:02:05.896>to <00:02:06.051>host <00:02:06.300>models <00:02:06.675>that <00:02:06.854>developers <00:02:07.423>can <00:02:07.656>weave <00:02:07.971>into <00:02:08.231>applications.

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<v Quote>The <00:02:09.752>Nvidia-backed <00:02:10.543>company <00:02:11.011>said <00:02:11.265>Thursday <00:02:11.811>that <00:02:12.056>it <00:02:12.203>has <00:02:12.367>exceeded <00:02:12.843>$1 <00:02:13.223>billion <00:02:13.950>in <00:02:14.072>annualized <00:02:14.783>revenue

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<v Quote>five <00:02:15.990>times <00:02:16.355>what <00:02:16.536>it <00:02:16.683>had <00:02:16.867>last <00:02:17.187>year

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<v Quote>and <00:02:18.056>it <00:02:18.203>has <00:02:18.363>now <00:02:18.540>raised <00:02:18.923>a <00:02:19.003>$1.5 <00:02:19.933>billion <00:02:20.630>round <00:02:21.096>at <00:02:21.443>a <00:02:21.663>$17.5 <00:02:22.743>billion <00:02:23.515>valuation.

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<v Bill>Finally <00:02:25.252>a <00:02:25.429>number <00:02:25.892>I <00:02:26.072>can <00:02:26.345>trust <00:02:26.876>this <00:02:27.212>week.

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<v Bill>Fireworks <00:02:28.625>at <00:02:28.892>a <00:02:29.092>billion <00:02:29.425>in <00:02:29.612>annualized <00:02:30.402>revenue, <00:02:31.548>five <00:02:32.039>times <00:02:32.652>last <00:02:33.100>year — <00:02:34.028>that's <00:02:34.212>a <00:02:34.412>P&amp;L <00:02:34.972>line, <00:02:35.412>not <00:02:35.572>a <00:02:35.679>slide <00:02:36.092>deck.

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<v Cassidy>And <00:02:37.185>it's <00:02:37.342>the <00:02:37.439>story <00:02:37.812>I've <00:02:37.948>been <00:02:38.072>circling <00:02:38.532>all <00:02:38.732>week — <00:02:39.712>the <00:02:39.812>weights <00:02:40.112>are <00:02:40.268>open, <00:02:41.152>the <00:02:41.279>stack <00:02:41.642>running <00:02:41.884>them <00:02:42.085>absolutely <00:02:42.865>is <00:02:43.072>not.

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<v Cassidy>Fireworks <00:02:44.705>is <00:02:44.832>the <00:02:44.972>tollbooth.

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<v Bill>But <00:02:46.332>look <00:02:46.599>at <00:02:46.672>the <00:02:46.803>multiple.

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<v Bill>Seventeen-and-a-half <00:02:49.352>billion <00:02:49.879>on <00:02:50.212>one <00:02:50.652>billion <00:02:51.452>ARR — <00:02:52.684>that's <00:02:52.972>17x <00:02:54.172>revenue.

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<v Bill>I <00:02:55.727>want <00:02:55.882>to <00:02:55.967>know <00:02:56.155>how <00:02:56.367>much <00:02:56.548>of <00:02:56.687>that <00:02:56.865>billion <00:02:57.295>is <00:02:57.558>Cursor <00:02:58.282>or <00:02:58.598>Cursor-like <00:02:59.615>customers <00:03:00.438>versus <00:03:01.151>real <00:03:01.604>diversification.

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<v Cassidy>Right, <00:03:04.271>they <00:03:04.367>used <00:03:04.522>to <00:03:04.615>get <00:03:04.783>over <00:03:05.039>half <00:03:05.322>their <00:03:05.505>revenue <00:03:05.887>from <00:03:06.072>Cursor <00:03:06.495>alone.

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<v Cassidy>Qiao <00:03:07.903>says <00:03:08.127>they've <00:03:08.369>spread <00:03:08.602>it <00:03:08.755>out — <00:03:09.735>but <00:03:09.895>'diversified' <00:03:10.767>from <00:03:10.935>one <00:03:11.117>customer <00:03:11.642>to <00:03:11.755>how <00:03:11.999>many?

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<v Cassidy>Three? <00:03:13.315>The <00:03:13.908>round <00:03:14.202>doesn't <00:03:14.461>answer <00:03:14.799>that.

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<v Bill>And <00:03:15.855>the <00:03:16.095>tailwind <00:03:16.788>is <00:03:17.255>CFOs, <00:03:18.315>not <00:03:18.559>engineers.

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<v Bill>Finance <00:03:20.271>execs <00:03:20.795>got <00:03:20.995>the <00:03:21.126>frontier-model <00:03:22.111>bill <00:03:22.635>and <00:03:23.103>told <00:03:23.335>their <00:03:23.588>teams <00:03:23.908>to <00:03:24.068>go <00:03:24.255>find <00:03:24.655>open <00:03:25.043>alternatives.

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<v Bill>Fireworks <00:03:27.615>is <00:03:27.815>selling <00:03:28.185>anxiety <00:03:28.884>relief.

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<v Cassidy>Which <00:03:30.228>is <00:03:30.395>why <00:03:30.615>the <00:03:30.775>Kimi <00:03:31.135>K3 <00:03:31.508>piece <00:03:31.802>we <00:03:31.903>just <00:03:32.155>hit <00:03:32.375>matters <00:03:32.719>here — <00:03:33.715>the <00:03:33.825>biggest <00:03:34.255>open <00:03:34.628>model <00:03:34.959>ever <00:03:35.308>drops, <00:03:36.215>and <00:03:36.388>somebody's <00:03:36.935>got <00:03:37.082>to <00:03:37.175>run <00:03:37.348>it <00:03:37.482>in <00:03:37.593>production.

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<v Cassidy>That <00:03:39.091>somebody <00:03:39.442>bills <00:03:39.855>$1 <00:03:40.295>billion <00:03:41.175>a <00:03:41.295>year.

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<v Cassidy>Data <00:03:42.777>Center <00:03:43.113>Frontier, <00:03:43.723>with <00:03:43.918>David <00:03:44.304>Chernicoff:

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<v Quote>TeraWulf <00:03:46.251>has <00:03:46.441>secured <00:03:46.951>one <00:03:47.064>of <00:03:47.211>the <00:03:47.391>largest <00:03:47.883>dedicated <00:03:48.582>artificial <00:03:49.140>intelligence <00:03:49.779>infrastructure <00:03:50.531>leases <00:03:51.067>announced <00:03:51.651>to <00:03:51.875>date

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<v Quote>signing <00:03:53.155>Anthropic <00:03:53.864>to <00:03:54.011>a <00:03:54.131>20-year

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<v Quote>$19 <00:03:55.671>billion <00:03:56.427>agreement <00:03:57.031>for <00:03:57.382>approximately <00:03:58.211>401 <00:03:59.384>MW <00:03:59.838>of <00:03:59.935>critical <00:04:00.451>IT <00:04:00.851>capacity <00:04:01.624>at <00:04:01.931>the <00:04:02.091>company’s <00:04:02.515>Justified <00:04:03.075>Data <00:04:03.400>campus <00:04:03.864>in <00:04:04.051>Hawesville <00:04:04.842>Kentucky.

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<v Cassidy>Twenty <00:04:05.738>years, <00:04:06.538>401 <00:04:07.218>megawatts, <00:04:08.271>nineteen <00:04:08.748>billion <00:04:09.168>dollars, <00:04:09.871>in <00:04:10.038>Hawesville, <00:04:10.591>Kentucky.

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<v Cassidy>This <00:04:11.871>is <00:04:11.998>the <00:04:12.106>most <00:04:12.351>concrete <00:04:12.821>infrastructure <00:04:13.462>commitment <00:04:13.946>Anthropic <00:04:14.578>has <00:04:14.778>ever <00:04:15.158>put <00:04:15.378>its <00:04:15.546>name <00:04:15.845>on

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<v Cassidy>and <00:04:16.751>it <00:04:16.898>comes <00:04:17.158>one <00:04:17.398>day <00:04:17.631>after <00:04:17.951>we <00:04:18.104>walked <00:04:18.398>through <00:04:18.698>Ode <00:04:19.311>as <00:04:19.445>their <00:04:19.631>services <00:04:20.138>play.

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<v Cassidy>So <00:04:21.378>put <00:04:21.546>that <00:04:21.791>together: <00:04:22.658>a <00:04:22.760>services <00:04:23.358>arm, <00:04:23.955>Claude <00:04:24.325>as <00:04:24.398>the <00:04:24.538>model, <00:04:25.218>and <00:04:25.658>now <00:04:25.938>a <00:04:26.034>dedicated <00:04:26.588>compute <00:04:27.018>campus <00:04:27.555>locked <00:04:27.951>in <00:04:28.088>through <00:04:28.318>the <00:04:28.438>mid-2040s.

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<v Cassidy>That's <00:04:30.418>a <00:04:30.538>very <00:04:30.890>different <00:04:31.235>animal <00:04:31.610>from <00:04:31.778>the <00:04:31.944>safety <00:04:32.298>lab <00:04:32.554>that <00:04:32.666>used <00:04:32.885>to <00:04:32.970>send <00:04:33.151>us <00:04:33.302>position <00:04:33.749>papers.

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<v Bill>And <00:04:35.304>notice <00:04:35.626>what <00:04:35.858>TeraWulf's <00:04:36.525>doing <00:04:36.938>to <00:04:37.158>get <00:04:37.405>there <00:04:37.850>fast — <00:04:38.916>converting <00:04:39.618>a <00:04:39.818>dead <00:04:40.227>aluminum <00:04:41.045>smelter.

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<v Bill>The <00:04:42.591>heavy <00:04:42.916>electrical <00:04:43.562>gear <00:04:43.898>is <00:04:44.118>already <00:04:44.565>in <00:04:44.658>the <00:04:44.847>ground, <00:04:45.738>so <00:04:45.930>they <00:04:46.138>skip <00:04:46.538>years <00:04:46.991>of <00:04:47.178>greenfield <00:04:47.869>permitting.

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<v Bill>That's <00:04:49.298>the <00:04:49.466>only <00:04:49.715>reason <00:04:50.138>late-2027 <00:04:51.578>is <00:04:51.802>even <00:04:52.098>a <00:04:52.194>plausible <00:04:52.794>date.

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<v Bill>They're <00:04:54.460>also <00:04:54.690>dumping <00:04:55.220>their <00:04:55.527>Texas <00:04:56.247>JV <00:04:56.700>stake <00:04:57.140>for <00:04:57.313>about <00:04:57.660>530 <00:04:58.750>million <00:04:59.170>dollars <00:04:59.820>to <00:05:00.204>fund <00:05:00.527>stuff <00:05:00.908>they <00:05:01.200>own <00:05:01.580>outright.

59
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<v Bill>Twenty-year <00:05:03.820>contracted <00:05:04.680>revenue <00:05:05.153>is <00:05:05.332>beautiful <00:05:06.033>on <00:05:06.180>a <00:05:06.332>deck — <00:05:07.220>but <00:05:07.400>can <00:05:07.620>a <00:05:07.750>bitcoin-miner-turned-landlord <00:05:10.069>actually <00:05:10.830>deliver <00:05:11.340>401 <00:05:12.440>megawatts <00:05:13.153>of <00:05:13.447>AI-grade

60
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<v Bill>capacity <00:05:15.233>on <00:05:15.731>schedule?

61
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<v Cassidy>The <00:05:17.405>Meta <00:05:17.709>move <00:05:17.981>I <00:05:18.111>flagged <00:05:18.541>Monday — <00:05:19.381>own <00:05:19.521>the <00:05:19.672>campus, <00:05:20.521>own <00:05:20.721>the <00:05:20.861>chips, <00:05:21.641>own <00:05:21.841>the <00:05:21.981>weights — <00:05:23.061>now <00:05:23.221>you <00:05:23.381>can <00:05:23.554>trace <00:05:23.841>the <00:05:23.965>same <00:05:24.274>shape <00:05:24.568>at <00:05:24.669>Anthropic.

62
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<v Cassidy>Different <00:05:26.154>actor, <00:05:27.005>same <00:05:27.305>vertical <00:05:27.757>grab.

63
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<v Cassidy>This <00:05:29.001>one's <00:05:29.249>from <00:05:29.521>Unite.AI:

64
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<v Quote>Thinking <00:05:31.568>Machines <00:05:32.075>Lab <00:05:32.355>has <00:05:32.519>released <00:05:32.955>Inkling

65
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<v Quote>its <00:05:34.048>first <00:05:34.365>general-purpose <00:05:35.239>artificial <00:05:35.718>intelligence <00:05:36.288>model

66
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<v Quote>giving <00:05:37.173>developers <00:05:37.824>access <00:05:38.262>to <00:05:38.395>a <00:05:38.521>nearly <00:05:38.875>one-trillion-parameter <00:05:40.212>system <00:05:40.635>that <00:05:40.995>can <00:05:41.185>process <00:05:41.755>text

67
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<v Quote>images <00:05:43.055>and <00:05:43.195>audio. <00:05:43.935>The <00:05:44.555>July <00:05:44.955>15

68
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<v Quote>2026 <00:05:46.372>launch <00:05:46.795>represents <00:05:47.615>the <00:05:47.723>most <00:05:47.968>significant <00:05:48.605>product <00:05:49.019>milestone <00:05:49.655>yet <00:05:49.955>for <00:05:50.335>the <00:05:50.445>heavily <00:05:50.841>funded <00:05:51.248>AI <00:05:51.565>company <00:05:51.995>founded <00:05:52.608>by <00:05:52.772>former <00:05:53.195>OpenAI <00:05:53.808>Chief

69
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<v Quote>Technology <00:05:54.695>Officer <00:05:55.275>Mira <00:05:55.735>Murati.

70
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<v Bill>Inkling — <00:05:57.799>Mira <00:05:58.159>Murati's <00:05:58.866>first <00:05:59.259>shipped <00:05:59.759>product.

71
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<v Bill>975 <00:06:02.389>billion <00:06:02.952>parameters <00:06:03.746>total

72
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<v Bill>but <00:06:04.847>here's <00:06:05.159>the <00:06:05.327>part <00:06:05.551>that <00:06:05.723>actually <00:06:06.149>matters: <00:06:07.146>it's <00:06:07.359>a <00:06:07.508>sparse <00:06:08.039>Mixture-of-Experts

73
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<v Bill>so <00:06:10.399>only <00:06:10.879>41 <00:06:11.499>billion <00:06:11.972>light <00:06:12.292>up <00:06:12.459>per <00:06:12.719>token.

74
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<v Bill>So <00:06:13.919>the <00:06:14.223>near-trillion <00:06:15.270>headline <00:06:15.892>is <00:06:16.055>basically <00:06:16.599>a <00:06:16.687>marketing <00:06:17.176>number.

75
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<v Bill>I <00:06:18.111>want <00:06:18.266>to <00:06:18.351>know <00:06:18.509>whether <00:06:18.879>41 <00:06:19.499>billion <00:06:19.988>active <00:06:20.472>parameters <00:06:21.339>fit <00:06:21.786>an <00:06:21.904>enterprise <00:06:22.615>inference <00:06:23.188>budget, <00:06:24.239>or <00:06:24.479>if <00:06:24.671>this <00:06:24.852>is <00:06:24.999>a <00:06:25.101>research <00:06:25.695>flex <00:06:26.136>nobody <00:06:26.543>runs <00:06:26.826>at <00:06:26.972>scale.

76
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<v Cassidy>And <00:06:28.132>it <00:06:28.292>drops <00:06:28.579>the <00:06:28.703>same <00:06:29.019>day <00:06:29.252>as <00:06:29.399>Kimi <00:06:29.759>K3

77
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<v Cassidy>which <00:06:30.826>we <00:06:30.927>just <00:06:31.169>covered — <00:06:32.219>two <00:06:32.470>enormous <00:06:33.119>open-weight <00:06:33.736>models <00:06:34.132>in <00:06:34.299>one <00:06:34.548>window

78
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<v Cassidy>and <00:06:35.719>neither <00:06:36.059>one <00:06:36.273>showed <00:06:36.532>up <00:06:36.671>with <00:06:36.799>a <00:06:36.839>technical <00:06:37.256>report <00:06:37.639>I <00:06:37.719>can <00:06:37.879>point <00:06:38.119>you <00:06:38.346>to.

79
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<v Cassidy>But <00:06:39.559>the <00:06:39.712>interesting <00:06:40.159>move <00:06:40.532>is <00:06:40.659>the <00:06:40.775>packaging.

80
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<v Cassidy>Apache <00:06:42.559>2.0 <00:06:43.329>weights <00:06:43.732>on <00:06:43.919>Hugging <00:06:44.319>Face; <00:06:44.847>fine-tune <00:06:45.706>it <00:06:45.812>on <00:06:45.946>their <00:06:46.119>own <00:06:46.319>Tinker <00:06:46.630>platform.

81
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<v Cassidy>Download <00:06:48.106>it <00:06:48.239>free, <00:06:49.071>then <00:06:49.239>pay <00:06:49.412>to <00:06:49.559>shape <00:06:49.866>it — <00:06:50.519>the <00:06:50.669>weights <00:06:50.919>are <00:06:51.119>open, <00:06:51.939>the <00:06:52.052>stack <00:06:52.353>around <00:06:52.591>them <00:06:52.783>very <00:06:53.087>much <00:06:53.339>isn't.

82
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<v Bill>Right, <00:06:55.247>that's <00:06:55.539>the <00:06:55.679>Fireworks <00:06:56.292>trade <00:06:56.607>from <00:06:56.859>one <00:06:57.119>story <00:06:57.619>ago, <00:06:58.463>just <00:06:58.779>wearing <00:06:59.299>a <00:06:59.449>lab <00:06:59.663>coat.

83
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<v Bill>Public <00:07:00.929>weights, <00:07:01.479>monetized <00:07:02.543>inference <00:07:03.179>and <00:07:03.412>training <00:07:03.892>layer.

84
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<v Bill>The <00:07:04.843>business <00:07:05.252>model <00:07:05.599>is <00:07:05.779>the <00:07:05.919>same.

85
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<v Cassidy>And <00:07:06.919>Murati's <00:07:07.399>positioning <00:07:07.892>it <00:07:08.052>as <00:07:08.179>the <00:07:08.301>customizable <00:07:09.126>foundation — <00:07:10.539>not <00:07:10.759>the <00:07:10.943>most <00:07:11.249>capable <00:07:11.666>model <00:07:12.026>in <00:07:12.099>the <00:07:12.239>world.

86
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<v Cassidy>Which <00:07:13.892>is <00:07:14.039>a <00:07:14.119>smart <00:07:14.359>thing <00:07:14.612>to <00:07:14.779>say <00:07:14.991>when <00:07:15.159>you <00:07:15.306>haven't <00:07:15.559>published <00:07:15.939>the <00:07:16.050>benchmarks <00:07:16.612>to <00:07:16.759>prove <00:07:17.031>otherwise.

87
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<v Cassidy>KWXX <00:07:19.646>writes:

88
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<v Quote>A <00:07:20.658>function <00:07:21.067>of <00:07:21.361>AI <00:07:21.938>referred <00:07:22.347>to <00:07:22.534>as <00:07:22.774>“deepfake” <00:07:23.727>technology

89
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<v Quote>enables <00:07:24.974>the <00:07:25.150>realistic <00:07:25.704>digital <00:07:26.118>imitation <00:07:26.747>of <00:07:26.907>an <00:07:27.065>individual’s <00:07:27.801>voice

90
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<v Quote>face <00:07:29.236>likeness <00:07:29.814>and <00:07:30.107>performance.

91
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<v Quote>Deepfake <00:07:32.265>technology <00:07:32.834>has <00:07:33.046>been <00:07:33.208>linked <00:07:33.441>to <00:07:33.547>identity <00:07:34.041>theft

92
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<v Quote>fraud <00:07:35.387>election <00:07:35.869>interference

93
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<v Quote>cyberbullying <00:07:37.734>and <00:07:38.054>non-consensual <00:07:38.994>pornography

94
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<v Quote>causing <00:07:40.518>irreparable <00:07:41.163>damage <00:07:41.654>and <00:07:41.954>lasting <00:07:42.454>harm.

95
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<v Bill>Hawaii's <00:07:43.983>Governor <00:07:44.419>Green <00:07:44.876>signed <00:07:45.299>an <00:07:45.619>AI <00:07:46.008>safety <00:07:46.483>bill <00:07:46.803>yesterday, <00:07:48.099>HB <00:07:48.579>2137, <00:07:50.331>alongside <00:07:51.019>a <00:07:51.121>dementia <00:07:51.683>care <00:07:52.019>package.

96
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<v Bill>And <00:07:53.239>the <00:07:53.359>framing <00:07:53.899>I <00:07:54.081>actually <00:07:54.643>care <00:07:54.952>about: <00:07:55.959>the <00:07:56.152>AI <00:07:56.469>measure <00:07:56.879>got <00:07:57.116>signed <00:07:57.486>in <00:07:57.579>the <00:07:57.747>same <00:07:58.010>ceremony <00:07:58.766>as <00:07:59.179>a <00:07:59.299>bill <00:07:59.667>targeting <00:08:00.139>a <00:08:00.249>disease <00:08:00.755>that <00:08:00.883>hits <00:08:01.299>31,000

97
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<v Bill>residents — <00:08:03.719>and <00:08:03.827>that <00:08:04.076>number

98
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<v Bill>the <00:08:04.872>state <00:08:05.203>says <00:08:05.639>doubles <00:08:06.472>by <00:08:06.899>2050.

99
00:08:08.299 --> 00:08:16.419
<v Cassidy>Right <00:08:08.999>and <00:08:09.091>here's <00:08:09.331>what <00:08:09.499>I <00:08:09.587>keep <00:08:09.823>watching <00:08:10.211>with <00:08:10.392>state-level <00:08:11.006>AI <00:08:11.299>bills — <00:08:12.459>which <00:08:12.709>problem <00:08:13.112>is <00:08:13.251>this <00:08:13.439>one <00:08:13.663>actually <00:08:14.099>solving: <00:08:15.363>deepfakes

100
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<v Cassidy>data <00:08:16.739>privacy <00:08:17.752>or <00:08:17.915>algorithmic <00:08:18.555>decisions <00:08:19.112>in <00:08:19.251>something <00:08:19.571>like <00:08:19.761>Medicaid <00:08:20.319>eligibility?

101
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<v Cassidy>The <00:08:22.149>excerpt <00:08:22.563>cuts <00:08:22.879>off <00:08:23.099>right <00:08:23.326>at <00:08:23.512>HB <00:08:23.859>2137, <00:08:25.592>so <00:08:25.726>we <00:08:25.819>don't <00:08:26.059>yet <00:08:26.243>know.

102
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<v Bill>That's <00:08:27.619>the <00:08:27.699>tell, <00:08:28.282>though.

103
00:08:28.959 --> 00:08:40.819
<v Bill>A <00:08:29.219>state <00:08:29.667>with <00:08:30.139>$309 <00:08:31.129>million <00:08:32.232>in <00:08:32.419>annual <00:08:32.961>dementia-related <00:08:33.992>Medicaid <00:08:34.592>costs <00:08:35.619>is <00:08:36.029>exactly <00:08:36.699>where <00:08:37.059>AI <00:08:37.432>shows <00:08:37.752>up <00:08:37.912>in <00:08:38.070>production — <00:08:39.272>eligibility <00:08:39.915>screening

104
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<v Bill>care <00:08:41.207>coordination. <00:08:42.499>If <00:08:42.859>the <00:08:43.036>safety <00:08:43.443>bill <00:08:43.752>doesn't <00:08:44.152>reach <00:08:44.483>that, <00:08:45.192>it <00:08:45.356>mostly <00:08:45.759>targets <00:08:46.219>the <00:08:46.406>scary <00:08:46.851>demo <00:08:47.392>while <00:08:47.909>missing <00:08:48.279>the <00:08:48.419>actual <00:08:48.964>deployment.

105
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<v Cassidy>And <00:08:50.526>it <00:08:50.632>lands <00:08:50.919>the <00:08:51.043>same <00:08:51.359>day <00:08:51.566>we're <00:08:51.739>talking <00:08:52.072>about <00:08:52.387>near-trillion-parameter <00:08:53.683>open <00:08:54.019>models <00:08:54.639>and <00:08:55.099>a <00:08:55.179>$17.5 <00:08:56.369>billion <00:08:57.187>inference <00:08:57.679>company.

106
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<v Cassidy>Fifty <00:08:59.288>states <00:08:59.739>writing <00:09:00.086>fifty <00:09:00.451>different <00:09:00.792>definitions <00:09:01.406>of <00:09:01.539>'AI <00:09:01.924>protection' <00:09:02.832>while <00:09:03.319>the <00:09:03.429>compute <00:09:03.832>stack <00:09:04.152>consolidates <00:09:04.846>in <00:09:04.961>Kentucky.

107
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<v Cassidy>Guess <00:09:06.606>which <00:09:06.779>one <00:09:06.952>moves <00:09:07.299>faster.

108
00:09:08.439 --> 00:09:18.179
<v Bill>The <00:09:08.539>one <00:09:08.691>with <00:09:08.859>a <00:09:09.059>P&amp;L. <00:09:09.779>Hawaii's <00:09:10.859>got <00:09:11.032>three <00:09:11.369>million <00:09:11.919>dollars <00:09:12.401>appropriated <00:09:13.179>for <00:09:13.319>the <00:09:13.436>memory <00:09:13.849>network — <00:09:15.059>Fireworks <00:09:15.667>does <00:09:15.907>that <00:09:16.152>in <00:09:16.459>ARR <00:09:17.116>before <00:09:17.552>lunch.

109
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<v Cassidy>If <00:09:19.108>you <00:09:19.214>follow <00:09:19.508>the <00:09:19.637>policy <00:09:20.068>and <00:09:20.195>power <00:09:20.576>struggles <00:09:21.054>behind <00:09:21.488>AI

110
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<v Cassidy>check <00:09:22.508>out <00:09:22.768>Anthropic <00:09:23.470>Pentagon <00:09:24.048>Watch — <00:09:24.948>a <00:09:25.081>daily <00:09:25.310>briefing <00:09:25.835>on <00:09:25.936>Anthropic’s <00:09:26.635>fight <00:09:26.800>with <00:09:26.968>the <00:09:27.195>DoD <00:09:27.696>over <00:09:27.968>Claude

111
00:09:28.617 --> 00:09:31.648
<v Cassidy>military <00:09:29.435>AI <00:09:29.768>use <00:09:30.288>autonomous <00:09:31.148>weapons

112
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<v Cassidy>and <00:09:31.855>procurement <00:09:32.421>blacklisting.

113
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<v Cassidy>Find <00:09:34.235>it <00:09:34.324>wherever <00:09:34.648>you <00:09:34.802>listen <00:09:35.061>to <00:09:35.257>podcasts.

114
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<v Cassidy>What <00:09:37.111>we’re <00:09:37.288>watching <00:09:37.740>next: <00:09:38.664>initial <00:09:39.155>capacity <00:09:39.777>under <00:09:40.084>TeraWulf’s <00:09:40.652>Anthropic <00:09:41.257>lease <00:09:41.884>is <00:09:42.248>expected <00:09:42.631>to <00:09:42.737>be <00:09:42.891>operational <00:09:43.457>by <00:09:43.628>late <00:09:43.964>2027.

115
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<v Cassidy>If <00:09:45.664>you <00:09:45.756>want <00:09:45.911>to <00:09:46.024>dig <00:09:46.261>deeper <00:09:46.657>on <00:09:46.817>anything <00:09:47.297>we <00:09:47.444>covered <00:09:47.791>today, <00:09:48.384>you’ll <00:09:48.812>find <00:09:49.057>links <00:09:49.377>to <00:09:49.524>every <00:09:49.791>story <00:09:50.151>in <00:09:50.244>the <00:09:50.396>show <00:09:50.604>notes.

116
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<v Cassidy>Follow <00:09:52.004>the <00:09:52.174>threads <00:09:52.540>that <00:09:52.650>caught <00:09:52.956>your <00:09:53.184>ear.

117
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<v Cassidy>That’s <00:09:54.551>AI <00:09:54.804>Daily <00:09:55.057>Briefing <00:09:55.444>for <00:09:55.644>today.

118
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<v Cassidy>This <00:09:57.191>is <00:09:57.444>a <00:09:57.544>Lantern <00:09:58.064>Podcast.