Arthur Hayes Says AI Payment Currency Must Buy Compute
Hayes's view makes direct convertibility into computing power the key test for a future agentic-payment currency.
Every Zipp story tagged #Compute, newest first.
Hayes's view makes direct convertibility into computing power the key test for a future agentic-payment currency.
Bitcoin is now trading as a sidecar to the AI cycle: every capability leap for frontier models widens the appeal of chips and model builders over a token whose biggest holders already sell compute.
If signed, it would mark Meta's first major move to monetize its GPU build-out by renting capacity to a frontier model lab, and the largest such hyperscaler-to-AI-lab lease on record.
Paolo Ardoino argues that record capex from the biggest AI labs is colliding with shrinking margins, delayed profits, and a fast-closing open-source gap.