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- Jul 20, 2026
Weekly Macro | Chips Down. Oil Up.
Markets ended the week under pressure from two shocks that affect valuation through different channels.
MEMBERS - Jun 16, 2026
The Moat Was Never the Model. The Market Hasn't Figured That Out Yet.
The real battle is economic — and when a $500M capability can be extracted, compressed, and re-injected for $30M, the implications for frontier AI valuations are something the market has not yet priced.
- Jun 14, 2026
The Model Is the Nation: Claude Opus 4.8 and the US–China AI Cold War
Using Claude Opus 4.8 as the current anchor of American AI national power, this analysis dissects the real fault lines across four simultaneous battlegrounds: the model gap, distillation infiltration, chip blockade, and compute bifurcation.
- May 12, 2026
The Four Operations of Intelligence
The Four Operations of Intelligence The Four Operations of Intelligence Most people think AI is about models. Bigger models. More parameters. More agents. More automation.
MEMBERS - May 07, 2026
Life as Cognitive Dice
I · THE INHERITANCE You Did Not Choose Your Starting Weights In April 2026, Anthropic published a paper in Nature with a name almost deliberately mundane: "Language models transmit...
MEMBERS - May 06, 2026
Palantir Is Not Just Another SaaS
Here's why Michael Burry is wrong about Palantir..
- May 05, 2026
The 20 Prompts Every Options Traders Should Use
These are top 20 options trading prompts and how to use them
MEMBERS - May 04, 2026
The 20 Prompts Every Trader Should Have Before They Touch a Chart
These are top 20 prompts for every traders to learn before they trade.
- Apr 29, 2026
Productivity in the AI Era (Part III) The Real Moat Is Not Prompting. It Is Workflow Ownership.
Prompts is not everything. Workflow defines quality of everything you prompted
MEMBERS - Apr 12, 2026
Roughly Square - The Ugly TRUTH OF LLMs
approximation error discrete steps ideal curve ZTRADER · AI RESEARCH | APRIL 2026 | COGNITIVE INFRASTRUCTURE SERIES · ISSUE 01 Research Paper — Full Report Roughly Square The Ugly
- Mar 27, 2026
The AI Productivity Empires 01
Every technological revolution eventually becomes a power redistribution event. History never remembers the invention. It remembers who reorganized production around it.
- Dec 14, 2025
AI Capital Is Running Ahead of AI Earnings
Oracle’s Miss and the Growing Gap Between Compute Investment and Cash Flow The easiest way to misunderstand an AI bubble is to look for the 1999 version: vaporware companies with n...
MEMBERS - Nov 25, 2025
Tech Note #2 — Language and Pattern: Why Everything Reduces to Syntax
By Dorian · Ztrader AI Taiwan, Nov 25, 2025 Most of my current market outlooks have moved to: blog.ztrader.ai The Planet module is undergoing a database upgrad
- Nov 20, 2025
AI: Friendly Helper or Generator of Black Swans
A Systems-Level Analysis of the Cloudflare Outage and the Fragility of Modern Infrastructure By Dorian — Technical Research Notes for RAG Corpus Abstract
- Nov 20, 2025
AI= 黑天鹅产生器？
前段时间Cloudflare全球挂了。作为全球最佛，技术实力最雄厚的托管商。(我的平台就是cloudflare托管的，没花钱）。由于Cloudflare 用来判别机器人和爬虫的模块bot management 升级了AI组件～ AI疯狂判定新的bot（甚至把UA/IP/header signature也归类为bot)
- Nov 17, 2025
The End of the Scaling LAW: Here's why AI bubble may ends just now
Why the LLM Mania Should End Now By Dorian — 2025 1. Introduction: The Golden Age Has Already Passed When the transformer revolution erupted in 2017 and the scaling law was formali...
- Nov 16, 2025
AI大模型的死局：The Failing Scaling Law
AI大模型的死局：The Failing Scaling Law Ilya 当时最重要的洞见，就是通过scaling law大规模地训练模型以激活模型本身的能量。 当时他是对的，这也是LLM大语言模型至关重要的跃迁。tokenizer+transformer+neural network使得大模型能够回应人类，而非生成一堆无意义的陈腔滥调和无法链接的文字。
- Oct 27, 2025
机器与资本共生：对冲基金 AI 研究员实战手册
Machine × Capital: The Hedge Fund AI er’s Playbook 研究目标 ：把 AI 从“能跑模型”升级为“可复用、可监控、可扩容的现金流装置”，在不恶化拥挤度和冲击成本的前提下，稳定贡献 10–30 bps/月 的结构性 α。 主线 ：数据工程 → 模型工程 → 执行与风控 → 治理与审计 → 产能扩张。
MEMBERS - Oct 27, 2025
机器与资本共生：对冲基金 AI 研究员实战手册
Machine × Capital: The Hedge Fund AI er’s Playbook 一页摘要（给没耐心的 PM） 研究目标：把 AI 从“能跑模型”升级为“可复用、可监控、可扩容的现金流装置”，在不恶化拥挤度和冲击成本的前提下，稳定贡献 10–30 bps/月 的结构性 α。
MEMBERS - Oct 12, 2025
连接主义 VS 符号主义：AI 技术底层与发展路线之争
左边那枚是连接主义的符号。它用流动的线条、螺旋与弧形，代表神经元之间的连续激活与分布式表示——没有明确的边界，也没有中心。每个分支都像在自我复制、递归生长，隐喻深层网络的涌现特性与自我组织。圆顶象征输入的总和，底部螺旋象征梯度与反馈的无尽迭代。整个符号向上展开，像是生物的神经丛，也像思想的树冠。 右边那枚是符号主义的符号。
MEMBERS - Oct 09, 2025
GANs in Hedge Funds: Imagining Futures What Haven’t Happened Yet
Why synthetic intelligence is reshaping the way hedge funds think about risk, volatility, and the unknowns that markets keep hidden.
MEMBERS - Oct 09, 2025
超级AI资本矩阵：当下全球算力金融秩序的真实结构
· 2025年10月 一、序言：AI资本主义的现实结构 2025年的AI世界已进入“资本深度布局阶段”。 AI不再是科研或技术的前沿，而是资本与基础设施融合后的 新金融形态 。 模型训练、GPU生产、能源供给、数据中心、主权政策之间的界线已被消融。
MEMBERS - Oct 09, 2025
AI 的使用，自举，递归和神经网络
承接上文，我们探讨了llm中出现的那些“精神污染”，或是llm由于递归而出现的各种神秘主义倾向的对话内容，今天我想记录的笔记部分，是将我所理解的递归和神经网络的特性记录下来。。