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We're recapping last Friday's (June 12) mini market analysis.
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AI Race between open vs closed models just entered the next level. Crazy takes like calling open models decelerationist by virtue and calling open models a threat and are heading down a dangerous path are only some criticism against open models showing how much threat they pose to close labs' business model. The further commoditization of models is really pushing further pressure on frontier labs especially for some that are eyeing IPO in the next year. #artificialintelligence #openmodels #kimi
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OpenAI CEO Sam Altman will meet with senior Trump administration officials, lawmakers and economists in Washington, D.C., this week to preview the capabilities of the company’s upcoming family of artificial intelligence models. CNBC's Kate Rooney has the details. Read the full report at the #linkinbio or the link on screen. #CNBC #openai #samaltman #trump
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Math to break into Investment Banking part 6/100 🧮: Net Present Value (NPV) vs Internal Rate of Return (IRR). NPV and IRR are the most important models in the financial industry to determine the value of projects and to decide which projects to accept. NPV uses the concepts of discounting cashflows. We use the weighted average cost of capital as our discount rate and discount all cashflows the project produces, including negative cashflows, to the present day. If NPV is positive --> Project inc
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