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Etched raised $1 billion in 26 days. Its valuation jumped from $10.3 billion to $21 billion. The second round was led by Jane Street after it tested Etched’s hardware and installed the first rack in its own data center. So what did Jane Street see? Etched began with Sohu, a Transformer-only ASIC t…
Demis Hassabis, Yann LeCun, Fei-Fei Li – they all talk about “building a world model.” Some of them are dedicating their professional lives to it! But do they mean the same? So before joining the World Models workshop at Chicago Booth, I wanted to answer a basic question: what do researchers mean …
DeepSeek just open-sourced Harness – it can write its own missing tools while it runs, then cleanly remove them. 149k GitHub stars in four days. An 88-page paper underneath. It’s open, easy to install and it claims that *everything is a plugin.*  What does it mean? We unpack that plus we discuss wh…
An anonymous model called Ox Alpha appeared on OpenRouter and OpenCode on August 20 with a million-token context window, video input, and a price of zero. Within four days it had processed tens of trillions of tokens, and the internet had spent those same four days trying to work out who built it. …
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