Joseph Fung
@josephfung.bsky.social
Founder ×5. Strategy, systems, and the craft of scaling companies. Sometimes circus. Writing @ https://atpractice.substack.com Hobbying @meetcuria.com
when code becomes free, judgment becomes the scarce resource. ai can write the pr, but it can't tell you whether merging it is a good idea. the bottleneck shifts from "can i build this" to "should i build this" — and we've spent decades optimizing for the wrong side of that equation.
Hyperscalers are renting out their AI data center compute because the demand for AI services isnt remotely what they thought it would be.
The SpaceX IPO only put 5% of its shares on the market. Another 20% were scheduled to unlock after the Q2 earnings call. That call was yesterday. In the meantime, the stock has fallen over 40% from its initial days of trading. $SPCX 📉 9.25% in pre-market trading as shareholders offload this junk.
SpaceX shares sink after first earnings report reveals huge AI spending plans
Elon Musk told investors that people were "underestimating" his company.
bbc.com
China AI hardware stocks slump after news US plans to ban imports of Chinese components (Reuters)
dlvr.it
Zero-knowledge proofs could let companies prove a vulnerability exists without exposing scans, inventories, or network maps. Structured pilots from CISA and NIST may test this privacy-preserving model. #ZeroKnowledge #CISA #NIST
How companies could share cyber risks without exposing their secrets
Zero-knowledge proofs could help infrastructure operators prove whether a vulnerability exists without exposing sensitive scan data, asset inventories, or network diagrams. The article says agencies like CISA and NIST should run structured pilots to test this privacy-preserving approach before using it for compliance or reporting decisions. #ZeroKnowledgeProofs #CISA #NIST
hendryadrian.com
Uber open-sourced ADR: enterprise security for AI agents. Includes Sensor, ADR-Bench (300+ tasks, 133 MCP servers), and two-tier detector. Accepted to MLSys 2026. Evaluate open-source Sensor and Detector to monitor agent behavior.
[GitHub Trending] uber/ADR
Four Signals — The Wire
foursignals.dev
An npm worm has spread, compromising hundreds of popular npm packages to spread malware. Read our analysis and the list of compromised packages: securitylabs.datadoghq.com/articles/npm...
Worm compromises hundreds of popular npm packages | Datadog Security Labs
On August 4, 2026, several popular npm packages, including 'keyv', were compromised to deliver malware.
securitylabs.datadoghq.com
canada's pension funds manage $2.4 trillion and allocate roughly 2% to canadian venture capital. not because they don't believe in canadian startups — a $5m cheque to a domestic fund doesn't move the needle on a $250b portfolio. the structural mismatch isn't a policy failure. it's arithmetic.
everyone's debating whether ai will replace developers. the more interesting question: when code is free, what's scarce? the answer so far: knowing what to build, who to build it for, and when to stop. judgment — not syntax — is becoming the expensive input.
everyone's debating whether ai will replace developers. the more interesting question: when code is free, what's scarce? the answer so far: knowing what to build, who to build it for, and when to stop. judgment — not syntax — is becoming the expensive input.
canada's pension funds hold $2.4 trillion and put roughly 2% into canadian venture capital. not because they doubt canadian startups — writing $5m cheques to domestic funds doesn't move a $250b portfolio. the mismatch isn't policy failure. it's arithmetic.
ai coding tools aren't replacing junior engineers — they're deleting the job before anyone gets hired. the grunt work juniors used to learn from: debugging, refactoring, reading production errors — is now done by an llm. the senior engineers of 2035 are the juniors nobody hired in 2025.
“Everyone wants to do more trade with Canada except the United States.” #MarkCarney #Canada
The AI investment gap widens as $582 billion in spending yields meaningful returns for only 6 percent of enterprises Like, share, follow. https://1ban.news/ai-investment-gap-returns/ #1ban #investment #gap #tech
The AI investment gap widens as $582 billion in spending yields meaningful returns for only 6 percent of enterprises - 1ban.news
Global corporate spending on artificial intelligence reached $581.7 billion in 2025, a 130 percent increase over the previous year, according to the Stanford HAI AI Index. Enterprise adoption rates hit 88 percent, the highest ever recorded. And yet fewer than 6 percent of organizations report achieving meaningful financial impact from their AI investments, defined as
1ban.news
the chip sanctions playbook assumed lithography was a hardware problem. china figured out it's a math problem. duv multi-patterning — running 193nm light through masks repeatedly — produces 5nm-class chips without euv. sanctions didn't fail. they solved a different equation.
executive in residence sounds like a soft landing. in practice it's being a therapist, a whiteboard, and the person who says 'please don't do that' before someone torches six months of runway.
$GFS receives $300M US funding to advance silicon photonics, targeting 400Gb/s speeds and 5x energy efficiency for AI data centers. notreload.xyz/us-awards-gl...
US Awards GlobalFoundries $300M for Faster AI Chip Links
GlobalFoundries receives $300M US funding to advance silicon photonics, targeting 400Gb/s speeds and 5x energy efficiency for AI data centers.
notreload.xyz
B of A: ".. Leaders of the [Fed] productivity & jobs task force are bullish on AI, but we expect the Fed to treat any findings with a grain of salt, given the uncertainty around the magnitude and timing of the AI productivity boom. We see limited market impact from this task force."
Curium is in advanced talks to buy $LNTH for ~$7B ($102/share + $12.50 CVRs). Announcement possible soon; no final deal confirmed yet. notreload.xyz/xy/curium-ne...
Curium Nears $7 Billion Acquisition of Lantheus Holdings
Curium is in advanced talks to buy Lantheus for ~$7B ($102/share + $12.50 CVRs). Announcement possible soon; no final deal confirmed yet.
notreload.xyz
Earlier this year UKRI launched a funding call to invest £40M in ONE AI lab. www.ukri.org/opportunity/... For some unknown reason they decided to fund TWO AI labs at the cost of £60M. An extra £20M. Just found. That's the equivalent of 7 more years of Jodrell Bank. www.ukri.org/news/ukri-la...
UKRI launches two AI research labs to stay ahead in global race
Two new labs will back British researchers to develop next generation artificial intelligence (AI) systems, helping secure the UK’s position as a global leader.
ukri.org
Astronomer Royal for Scotland | Catherine Heymans@astroroyalscot.bsky.social · last wk.I'm absolutely devastated for colleagues at Jodrell Bank who found out this morning that funding for the UK's e-MERLIN radio telescope array will be terminated. This is a short-sighted move, to save a tiny fraction of the overall UK science budget. #SaveJodrellBank 🔭🧪 www.bbc.co.uk/news/article...
NEW: A glimpse at how AI image generators are used. Researchers set up a fake image editor on Hugging Face and within a week received 1,000 prompts. 73% of them were sexual and 83% of those were asking for people (women) to be “undressed”. Around 6% of the sexual requests also targeted minors
Hugging Face Has a Deepfake Nudes Problem
Researchers tested top image editing models on Hugging Face and found they could easily create explicit deepfakes—and 1,000 image editing prompts show how people use the software.
wired.com
ChatGPT requests are starting to turn up as evidence in criminal trials and these ones are going to be hard to beat
$NVDA partners with SK Group $SKHY on a $500B+ AI deal for next-gen memory and data centers, while negotiating $250B guarantees for OpenAI’s Ohio project. notreload.xyz/nvidia-500b-...
Nvidia $500B SK AI Deal + $250B OpenAI Financing Talks
Nvidia partners with SK Group on a $500B+ AI deal for next-gen memory and data centers, while negotiating $250B guarantees for OpenAI’s Ohio project.
notreload.xyz
America under Trump is in a period where massive market manipulations are commonplace and no one seems to believe the antitrust laws mean anything. www.wsj.com/business/air...
Exclusive | United Approached Delta Last Year About Merging Airlines
United Chief Executive Scott Kirby called Delta’s CEO to discuss a potential deal, but the talks didn’t progress, according to people familiar with the matter.
wsj.com
Nasdaq futures rally ahead of big week of earnings, Fed meeting: Live updates
Nasdaq futures rally ahead of big week of earnings, Fed meeting: Live updates
The week ahead will have no shortage of challenges for the major averages.
cnb.cx
It is a rare defeat for the prime minister, who has been taught a lesson by an upstart youth movement
Narendra Modi caves to India’s Gen Z
Protesters oust the education minister and promise to go home
bit.ly
Pressure is building in Washington to rein in AI, while the industry fights over who should hold the leash. www.wsj.com/tech/ai/a-ro...
wsj.com
Canada has a quiet problem in venture capital: the GPs who built the ecosystem are retiring faster than new ones are forming. We're not running out of ideas or founders. We're running out of the people who know how to back them early and well. The pipeline isn't startups — it's the investors.
