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Oct 20, 2024 | 
ark-invest.com | Lorenzo focuses |Sam Korus |Lorenzo Valente |Frank Downing
Founded by Dryden Brown in 2019, Praxis just raised $525 million, led by GEM Digital and Arh Lending,2 to build an internet-native city designed to foster technological and scientific innovation. Brown described Praxis as an urban hub for promising tech startups and entrepreneurs that will advance the Network State, a crypto-native movement inspired by Balaji Srinivasan, former CTO of Coinbase.
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Oct 15, 2024 | 
ark-invest.com | Lorenzo focuses |David McGlynn focuses |Tasha Keeney |Lorenzo Valente
In early September, the stablecoin supply ratio oscillator (SSRO), a metric used to assess bitcoin’s potential purchasing power, became extremely “oversold” (-2.27), hitting lows last seen near the bottom of the bear market in 2022, as shown below. Note: The Stablecoin supply includes USDT, TUSD, USDC, USDP, GUSD, DAI, SAI, and BUSD. Source: ARK Investment Management LLC, 2024. Chart data from Glassnode. Information as of September 30, 2024.
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Oct 15, 2024 | 
ark-invest.com | Lorenzo focuses |Lorenzo Valente
As bitcoin cements its position as a reliable digital store of value and the only asset with a rules-based monetary policy, Ethereum—the network—and ether (ETH)—the asset—appear to be gaining momentum with similar potential. Indeed, ETH is emerging as an institutional-grade asset with yield-generating potential.
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Aug 19, 2024 | 
ark-invest.com | Nemo focuses |Lorenzo focuses |Nemo Marjanovic |Lorenzo Valente
Sakana AI, a Tokyo-based AI research lab founded by former Google employees, recently released details on a new project called “The AI Scientist.” This “agentic”6 system is designed to automate the entire scientific process by combining the powerful capabilities of large language models, including language comprehension, planning, reasoning, and coding skills. AI Scientist follows the process illustrated below. Source: Sakana AI. For illustrative purposes only.
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Aug 11, 2024 | 
ark-invest.com | Nemo focuses |Lorenzo focuses |Nemo Marjanovic |Lorenzo Valente
Informed by Wright’s Law, ARK’s research indicates that, with the exception of WWII, US electricity prices fell consistently from the late 1800s until 1974, as shown below. Source: ARK Investment Management LLC, 2024, based on data from U.S. Energy Information Administration 2024a, 2024b; Smil 2000; and Potter 2023.10What happened in 1974?
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Aug 1, 2024 | 
ark-invest.com | Lorenzo focuses |Lorenzo Valente |Brett Winton
On this episode of FYI, ARK Chief Futurist Brett Winton and Research Associate Lorenzo Valente sit down with Jesse Pollak, the driving force and creator of Coinbase’s Layer 2 solution, Base. Together they explore the intricate details of how Coinbase is aiming to transform its core business through innovative blockchain solutions. Jesse shares his journey from initial failures to the successful launch of Base and discusses the broader implications for the crypto industry.
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Jul 22, 2024 | 
ark-invest.com | Lorenzo focuses |Nemo focuses |Jozef Soja |Lorenzo Valente
Polymarket is a platform for decentralized predictions that allows users to bet on sports, geopolitics, and pop culture. Users can buy and sell shares associated with specific outcomes, their prices based on supply and demand. Priced from $0.00 to $1.00, a $0.50 share suggests that the probability of an event is 50%. If the event takes place, the share price will double to $1.00. Founded by Shayne Coplan in 2018, Polymarket has gone parabolic in response to the US presidential race this year.
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Jun 24, 2024 | 
ark-invest.com | Nemo focuses |Lorenzo focuses |Nemo Marjanovic |Lorenzo Valente
Last week, Anthropic released Claude 3.5 Sonnet,6 the first of its new family of large language models . (LLMs). Claude 3.5 Sonnet sets new records for frontier foundation models on both general knowledge benchmarks like MMLU (Massive Multitask Language Understanding) and coding benchmarks like HumanEval, as shown below. On many benchmarks, it rivals or surpasses the performance of OpenAI's GPT-4o.
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Apr 29, 2024 | 
ark-invest.com | Lorenzo focuses |Jozef Soja |Tasha Keeney |Lorenzo Valente
During its earnings call last week, Tesla sounded7 more confident than ever about its autonomous technology. Ashok Elluswamy, head of Tesla’s Autopilot effort, explained that the latest version of Tesla’s Full Self Driving (FSD) software—including a shift from manually-tuned models to more robust neural networks that learn from video data—will enable the company to predict its progress in scaling model architecture, sizes, data, and compute with increasing accuracy.
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Apr 8, 2024 | 
ark-invest.com | Daniel C. Maguire |Frank Downing |Sam Korus |Lorenzo Valente
The Bitcoin community is delighted by BitVM,7 a new technology that could enable Ethereum-like smart contracts on Bitcoin by allowing any computation to be verified on the Bitcoin blockchain, thus offering Turing completeness through Bitcoin's raw scripting language. Criticism of the Lightning Network—Bitcoin's original layer 2 scaling solution—has mounted over the years because of its slow development and limited capabilities.
