Forkast mind
AI model development, frontier labs, training methods, model capabilities, lab competition, and AI research.
Models
OpenAI at $852B and Cognition at $48B closed within three days of each other. The investor logic, the revenue multiples, and the exit strategies are completely different—and the companies in between are finding no capital at all.
◆ Lena Park
Models
Three days after CISA, the FBI, and the NSA jointly accused six Chinese AI labs of industrial-scale distillation, Anthropic published the numbers: 200 million exchanges, seven labs, and a PLA user routing surveillance footage through Claude.
◆ Lena Park
Models
The $28B debut on Shanghai's STAR Market signals that Chinese capital is pricing domestic silicon as a national security asset, not a venture bet – and Tencent is backing both the chips and the models.
◆ Lena Park
Models
Sakana AI's Fugu Max at $2/$6 per million tokens undercuts single-model APIs by 40-60%, signaling that the pricing war has moved from individual model costs to orchestration economics.
◆ Lena Park
Models
The largest private funding round in history is not a simple cash injection-it is a hybrid architecture of vendor compute, contingent capital, and retail exposure that redefines what an AI company is for.
◆ Lena Park
Models
From Finland's nuclear reactors to China's grey-market HBM channels, four deals this week turned a US-centric GPU thesis into a map of global AI capital reallocation.
◆ Lena Park
Models
A single, unnamed customer is paying $1.11 billion a month for SpaceX AI compute starting December – the second-largest deal in the portfolio. The identity determines whether the compute landlord thesis is consolidating or fragmenting.
◆ Lena Park
Models
The Reno-based startup's Asimov chip uses LPDDR5X instead of HBM, claiming comparable inference bandwidth at a fraction of the cost and power-a direct challenge to the supply chain that defines the compute landlord thesis.
◆ Lena Park
Models
A Causal Encoder-Decoder design compresses cache-hit costs to $0.003 per token and retires V4-Pro, forcing a recalibration of the agent economy's pricing structure.
◆ Lena Park
Models
The Chinese frontier lab's secondary market implied valuation has climbed to ~$71 billion despite a suspended primary round, as SPV frenzy and sovereign strategic utility override traditional venture math.
◆ Lena Park
