2026-06-09 Terça

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Why Does the Term 'Year of AI Computing Power Realization' Have Pitfalls? —Understanding the Four Hurdles from Policy Signals to Actual Orders in One Article

This article critiques the phrase "The First Year of AI Computing Power Cashing In," arguing it oversimplifies a complex, multi-stage process. It proposes a "Four Gates" framework to assess the true commercialization of domestic AI computing power (like Huawei's Ascend chips): 1. **Policy Procurement:** Widely open in 2026. Significant government funding and large bulk orders from tech giants like Alibaba and Tencent exist. However, purchasing hardware is not the same as deploying it for real use. 2. **Real Deployment:** A crack has opened. The key evidence is DeepSeek V4, a top-tier AI model fully migrating from NVIDIA's CUDA to domestic computing platforms. This proves the capability for real, high-level tasks, but widespread adoption beyond leading tech firms is still nascent. 3. **Mature Software Ecosystem:** A narrow crack has opened. While frameworks like Huawei's CANN are progressing, they lag far behind NVIDIA's vast, established CUDA ecosystem in terms of supported models and developer ease-of-use. Building this middle-to-downstream developer environment is estimated to need 1-2 more years. 4. **Scalable Replication:** Essentially closed. This final gate, where thousands of mid-sized enterprises across various industries can easily adopt the technology without major migration costs, is not expected before 2027-2028. The core risk is conflating these stages. While 2026 marks a real turning point in policy-driven procurement and proving technical viability (Gates 1 & 2), the phrase "cashing in" is premature for the full industry. True, large-scale value realization depends on the later, slower-to-open gates of software maturity and scalable replication to the broader market. DeepSeek V4's shift is identified as the most critical 2026 signal, changing the narrative from "can it work?" to "when will supply meet demand?"

marsbit05/08 11:34

Why Does the Term 'Year of AI Computing Power Realization' Have Pitfalls? —Understanding the Four Hurdles from Policy Signals to Actual Orders in One Article

marsbit05/08 11:34

Gnosis DAO Faces Massive Treasury Redemption Proposal, "Treasury Raiders" Return

A group of activist investors, often labeled as "treasury raiders," have submitted proposal GIP-150 to Gnosis DAO, calling for a one-time, voluntary, and proportional treasury redemption. The proposal would allow participating GNO holders to claim a share of the over $220 million in DAO reserves. Proponents argue this addresses the persistent and widening discount of GNO's market price relative to the treasury's net asset value. Despite recent DAO funding to Gnosis Ltd., the discount has increased. The current vote, closing May 12th, shows 65% opposition among early votes. The redemption would value each eligible token around $170, a ~30% premium to the current $131 market price. GNO held by Gnosis Ltd. is excluded. DeFi community reactions are mixed. Some commentators acknowledge the "risk-free value" (RFV) arbitrage logic but criticize the proposal as a short-term cash grab lacking legitimacy, as Gnosis never promised treasury backing for the token price. Others oppose it due to Gnosis's contributions to ecosystem infrastructure (Safe, CoW Swap, etc.). Founder Sebastian Bürgel lamented the targeting of respected builders. Aragon's team, previously targeted in similar RFV campaigns, called for better mechanisms to align incentives. This follows a pattern of 2023 RFV-style actions against projects like Rook and Aragon. Recently, Beefy Finance implemented a buyback to preempt such pressure. The proposal's author, Wismerhill, expressed past admiration for Gnosis but now sees this vote as a test of whether holders prioritize short-term arbitrage or long-term ecosystem value.

marsbit05/08 10:16

Gnosis DAO Faces Massive Treasury Redemption Proposal, "Treasury Raiders" Return

marsbit05/08 10:16

TON Enters the Telegram Era: The On-Chain Experiment of Super Apps is Unfolding

The TON token recently surged nearly 120% in 4 days, approaching $3. This rally is primarily driven by Telegram founder Pavel Durov's announcement that Telegram will become the core driver of the TON network, replacing the TON Foundation and serving as its largest validator. This move signals a fundamental shift: Telegram is no longer just supporting TON from a distance but is formally taking over its governance and operations. This changes TON's valuation narrative from being a crypto project with Telegram's user base to becoming the foundational blockchain infrastructure for Telegram's future commercial ecosystem—transitioning from a crypto narrative to an internet-platform-level story. TON's recent technical upgrades focus on 10x faster speeds, 6x lower fees, and near-instant confirmations. These optimizations target Telegram's internal high-frequency, micro-transaction scenarios like tipping, bot services, and Mini App purchases. The goal is to enable seamless, near-zero-cost transactions for its nearly 1 billion users, making blockchain usage almost invisible—akin to platforms like WeChat Pay. TON's path is unique: it already has a massive user base and is building the blockchain system to serve it, aiming to onboard users into Web3 without them realizing it. The vision is to integrate wallet, payment, bot, and Mini App functionalities into a closed loop within Telegram, positioning TON as the value-exchange infrastructure for a super-app. In essence, this surge reflects a market reassessment: TON is emerging as the first blockchain ecosystem with a genuine super-app gateway. Its true competitors may not be other Layer 1 blockchains but global internet payment systems. With Telegram now fully committed, the experiment of on-chaining a super-app is underway.

marsbit05/08 09:37

TON Enters the Telegram Era: The On-Chain Experiment of Super Apps is Unfolding

marsbit05/08 09:37

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