my startup Global Ledger has been acquired by @openfx_ !
Why?
Money is information with permissions attached on a ledger.
The internet made information free to move but money is still waiting.
openfx.com/blog/openfx-launc…
OpenFX became the market leader in the hardest part of the problem, building a real-time 24/7 FX settlement layer that moves billions across the globe. Same thesis, opposite ends. The bull case for combining them writes itself: 1+1=3.
As part of the announcement, we are offering the first hundred companies on the accounts waitlist $30k in credits. Lastly, if you like working on hard problems deep in the global infrastructure layer of money, come join us we are hiring across all roles!
openfx.com/accounts?utm_sour…
You have to study ants if you want to understand how agents and companies will function in the future
Local LLMs impact are underrated.
They decouple knowledge from connectivity.
A ship at sea gets repair instructions. A hiker gets survival tips. A remote village gets healthcare.
All of it will soon run on a phone. No internet. No gatekeepers. no governments.
Is there a life insurance that you can get that only covers dying of unnatural causes?
AI will solve (or make manageable) all of the top deaths from natural diseases, even cancer, before I’m 60… and now I’m more likely to get killed by my home robot that’s still in beta.
what will be the next frontier in AI when scaling compute starts to approach the logarithmic limit of ROI?
as an engineer this is a great place to learn: defimon.xyz/blog
Idea: why not sell robots that are controlled by lower cost humans overseas. Provides training data for the eventual v2 powered by AI.
Could get it under $1k/mo.
ACH has an opportunity to win over stablecoins.
They just need to allow for direct access for non-banks... and an SDK for their FedCommand.
Otherwise tech will move to any alternative crypto or fiat layer 2 rail.
If you have offshore BPOs and call centers, you may want to reevaluate bringing them onshore.
They're going to become the training set for your AI.
Google launched Gemini Brower use... which uses Google search as the first step. Wonder if it will start clicking on ads
In the AI age of abundance, entrepreneurship will shift from a job to a social group activity.
Working on hard problems in a social environment in a collective without the need to focus on profit.
Humans love finishing a jigsaw puzzle in the rec room.
Removing quarterly earnings requirements will add a lot more speculation and volatility to asset prices.
It wont incentivize long-term thinking as much as it will incentivize bets on 10%+ swings.
Temu or SHEIN should buy Ross / TJ Maxx.
Gives them brick and mortar, brings TJX online and local warehouses for 3rd parties on their site. Same clientele & inventory