tokens are the new currency
https://x.com/sama/status/2056933166875857290?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
https://x.com/sama/status/2056933166875857290?s=46&t=nluSw7cwYGx8zFxfoYi5Iw
X (formerly Twitter)
Sam Altman (@sama) on X
i am excited to see what will happen with tokenmaxxing startups, both for how they work internally and the products they can build.
openai offered to invest $2M in tokens into every startup in the current yc batch.
happy building!
openai offered to invest $2M in tokens into every startup in the current yc batch.
happy building!
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Forwarded from The Kobeissi Letter
Food is set to become even more expensive:
World fertilizer prices have surged +44% since the start of the Iran War, to the highest since 2022.
This comes as ~33% of globally traded fertilizers pass through the Strait of Hormuz, which remains effectively closed.
This includes 23% of global ammonia, 34% of urea, the world's most widely used nitrogen fertilizer, and nearly 20% of global phosphate supply.
Furthermore, the Bloomberg Agriculture Subindex has increased ~9% since the Iran war.
The index tracks the futures prices of key agricultural commodities, including wheat, corn, soybeans, sugar, coffee, and cotton.
In the past, world fertilizer prices have acted as a leading indicator for agricultural output prices, as rising production costs eventually force farmers to reduce supply, pushing crop prices higher.
A new wave of global food inflation is imminent.
(@TheKobeissiLetter)
World fertilizer prices have surged +44% since the start of the Iran War, to the highest since 2022.
This comes as ~33% of globally traded fertilizers pass through the Strait of Hormuz, which remains effectively closed.
This includes 23% of global ammonia, 34% of urea, the world's most widely used nitrogen fertilizer, and nearly 20% of global phosphate supply.
Furthermore, the Bloomberg Agriculture Subindex has increased ~9% since the Iran war.
The index tracks the futures prices of key agricultural commodities, including wheat, corn, soybeans, sugar, coffee, and cotton.
In the past, world fertilizer prices have acted as a leading indicator for agricultural output prices, as rising production costs eventually force farmers to reduce supply, pushing crop prices higher.
A new wave of global food inflation is imminent.
(@TheKobeissiLetter)
👍2