Episode Details

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Presented collaboratively by Early Riders & Onramp Media…
Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.
This week Brian, Michael, and Liam cover Anthropic's Mythos and Fable controversy and the orchestrated open-source-vs-frontier AI dynamic (Microsoft eyeing DeepSeek for enterprise, Japan's Sakana Fugu launch, Goldman's 24x token forecast by 2030), Franklin Templeton's new ETFs that auto-invest stock dividends into Bitcoin, Fidelity and State Street's entry into stablecoin reserve management, Illinois Governor Pritzker's 0.2% crypto wealth tax, the Fed's 130-page stablecoin KYC rulemaking, Binance's MiCA expulsion, Coinbase's tokenized-stocks rollout, SpaceX's IPO run and $60B Cursor acquisition, and the latest on Strategy's stretch product.
Chapters
00:00 - Introduction and Current Events
03:04 - Anthropic's Mythos and Fable Controversy
05:58 - The Role of Open Source in AI
08:54 - AI Models and National Security Concerns
11:54 - Microsoft's Strategic Moves in AI
14:57 - The Future of AI Infrastructure
17:55 - The Dynamics of AI Token Consumption
21:06 - Emerging AI Technologies and Market Trends
24:10 - Japan's Entry into AI with Sakana Fugu
27:11 - Open Source Challenges and GitHub Controversy
30:31 - Merging Money and AI for Market Success
32:08 - Stablecoin Management: Fidelity and State Street's Moves
33:59 - Innovative ETF: Dividends into Bitcoin
38:48 - Regulatory Challenges: Illinois Crypto Tax
42:52 - Stablecoin Issuer Regulations and KYC
48:54 - Tokenized Stocks: Coinbase's New Offering
50:53 - SpaceX's Rapid Growth and Market Dynamics
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