A pleasure meeting Her Excellency SCA CEO Dr Maryam Al Suwaidi and His Excellency Ahmed Jasim Al Zaabi, Chairman ADGM. A welcome message: “We regulate through engagement, not enforcement”. https://nitter.moomoo.me/brian_armstrong/status/1655950447616860160#m

Great meeting with H.E. Dr. Thani bin Ahmed Al Zeoudi, UAE Minister of State for Foreign Trade 🇦🇪 Very impressive what they’ve done on free trade in the region, and establishing UAE as a financial hub. https://nitter.moomoo.me/brian_armstrong/status/1655835123601010692#m

**RT @iampaulgrewal:** ”Confrontation isn’t really the purpose. It’s frankly not even something I particularly enjoy. But I do think that there are moments when it’s important to simply be public about the disagreements we may have from time to time, and also be very clear that the disagreements are always in good faith, with respect, and with the intention of being able to work even more closely together as partners in the future.” law.com/corpcounsel/2023/05/… (https://www.law.com/corpcounsel/2023/05/04/tech-firms-risk-backlash-with-increasingly-public-criticism-of-regulators/) https://nitter.moomoo.me/iampaulgrewal/status/1655667730186645506#m

**Response to @brian_armstrong:** https://nitter.moomoo.me/brian_armstrong/status/1655564754851893248#m

Thank you for hosting me @DIFC (https://nitter.moomoo.me/DIFC) and for the great interview @ManusCranny (https://nitter.moomoo.me/ManusCranny) nitter.moomoo.me/DIFC/status/1655531846170472448#m (https://nitter.moomoo.me/DIFC/status/1655531846170472448#m) https://nitter.moomoo.me/brian_armstrong/status/1655564664439459840#m

Great meeting with Minister of Economy H.E. Abdulla Bin Touq Al Marri in UAE 🇦🇪@Economyae (https://nitter.moomoo.me/Economyae) https://nitter.moomoo.me/brian_armstrong/status/1655551308299108353#m

The UAE 🇦🇪 deserves a lot of credit for being forward thinking on crypto. First dedicated crypto regulator in the world, a clear rule book published (!), business friendly plus strong customer protections. Really enjoying my visit so far. https://nitter.moomoo.me/brian_armstrong/status/1655494936673017856#m

**RT @NanaMurugesan:** 8/ In UAE for a few days with the @Coinbase (https://nitter.moomoo.me/coinbase) team and @barmstrong (https://nitter.moomoo.me/barmstrong). Crypto and web3 serve as enormous opportunities for economic and technological diversification for the UAE, and the region has the potential to be a strategic hub for Coinbase. coinbase.com/blog/the-uae-re… (https://www.coinbase.com/blog/the-uae-recognising-the-transformative-potential-of-the-cryptoeconomy) https://nitter.moomoo.me/NanaMurugesan/status/1655493311161851904#m

**RT @karpathy:** Oops haven't tweeted too much recently; I'm mostly watching with interest the open source LLM ecosystem experiencing early signs of a cambrian explosion. Roughly speaking the story as of now: 1\. Pretraining LLM base models remains very expensive. Think: supercomputer + months. 2\. But finetuning LLMs is turning out to be very cheap and effective due to recent PEFT (parameter efficient training) techniques that work surprisingly well, e.g. LoRA / LLaMA-Adapter, and other awesome work, e.g. low precision as in bitsandbytes library. Think: few GPUs + day, even for very large models. 3\. Therefore, the cambrian explosion, which requires wide reach and a lot of experimentation, is quite tractable due to (2), but only conditioned on (1). 4\. The de facto OG release of (1) was Facebook's sorry Meta's LLaMA release - a very well executed high quality series of models from 7B all the way to 65B, trained nice and long, correctly ignoring the "Chinchilla trap". But LLaMA weights are research-only, been locked down behind forms, but have also awkwardly leaked all over the place... it's a bit messy. 5\. In absence of an available and permissive (1), (2) cannot fully proceed. So there are a number of efforts on (1), under the banner "LLaMA but actually open", with e.g. current models from @togethercompute (https://nitter.moomoo.me/togethercompute), @MosaicML (https://nitter.moomoo.me/MosaicML) ~matching the performance of the smallest (7B) LLaMA model, and @AiEleuther (https://nitter.moomoo.me/AiEleuther) , @StabilityAI (https://nitter.moomoo.me/StabilityAI) nearby. For now, things are moving along (e.g. see the 10 chat finetuned models released last ~week, and projects like llama.cpp and friends) but a bit awkwardly due to LLaMA weights being open but not really but still. And most interestingly, a lot of questions of intuition remain to be resolved, e.g. especially around how well finetuned model work in practice, even at smaller scales. https://nitter.moomoo.me/karpathy/status/1654892810590650376#m

**RT @sama:** US debt to GDP ratio over time. very scary chart; no plan to fix it or even much of an acknowledgement we need a plan. will get made worse as the rest of the world finds alternatives to the USD and rates stay non-zero. long-term brewing crisis. https://nitter.moomoo.me/sama/status/1654878769092648962#m

**RT @iampaulgrewal:** The Third Circuit just issued a text-only order directing the SEC to file a response to our mandamus petition within 10 days (and gave us 7 days for a reply). Here’s the text of the order: TEXT ONLY ORDER (Clerk) At the direction of the Court, Respondent is ordered to file an answer to the petition for writ of mandamus within 10 days of the date of this order. Petitioner may file a reply to the response within 7 days of the date of filing of the response. (KAG) We appreciate the Court’s careful consideration of this matter. https://nitter.moomoo.me/iampaulgrewal/status/1653898889311948800#m

Wow - well said nitter.moomoo.me/RobertKennedyJr/status/1653808786577010697#m (https://nitter.moomoo.me/RobertKennedyJr/status/1653808786577010697#m) https://nitter.moomoo.me/brian_armstrong/status/1653839793074372613#m

politico.com/news/2023/05/03… (https://www.politico.com/news/2023/05/03/coinbase-squares-off-with-washingtons-top-crypto-skeptic-00094284) https://nitter.moomoo.me/pic/card_img%2F1653782392295809024%2FrqrGjEvG%3Fformat%3Djpg%26name%3D800x419 https://nitter.moomoo.me/brian_armstrong/status/1653837871533678593#m

**RT @MetaLawMan:** 1/ If the SEC follows through on its threat to sue @Coinbase (https://nitter.moomoo.me/coinbase), I believe the SEC will lose. The SEC's case has a fatal flaw. And the problem is entirely of @GaryGensler (https://nitter.moomoo.me/GaryGensler)'s own making. Let me explain... https://nitter.moomoo.me/MetaLawMan/status/1653821211544092672#m

Great progress - lots of small details add up nitter.moomoo.me/scottshapiro/status/1653134848113147904#m (https://nitter.moomoo.me/scottshapiro/status/1653134848113147904#m) https://nitter.moomoo.me/brian_armstrong/status/1653462956238307328#m

**RT @yugacohler:** Coinbase will continue to innovate, build, and ship new products, no matter the regulatory climate. We will do so here in the U.S., and we will also do so globally. nitter.moomoo.me/coinbase/status/1653385513011740672#m (https://nitter.moomoo.me/coinbase/status/1653385513011740672#m) https://nitter.moomoo.me/yugacohler/status/1653406799062548484#m

**RT @fintechfrank:** My latest: Coinbase launches international perps exchange — starting with 5x leverage theblock.co/post/229021/coin… (https://www.theblock.co/post/229021/coinbase-launches-perps-exchange) https://nitter.moomoo.me/pic/card_img%2F1651332989018689536%2F-ALMyJze%3Fformat%3Djpg%26name%3D800x419 https://nitter.moomoo.me/fintechfrank/status/1653386414254350343#m

**RT @fintechfrank:** My latest: Coinbase launches international perps exchange — starting with 5x leverage theblock.co/post/229021/coin… (https://www.theblock.co/post/229021/coinbase-launches-perps-exchange) https://nitter.moomoo.me/pic/card_img%2F1651332989018689536%2FK7GiAvxt%3Fformat%3Djpg%26name%3D800x419 https://nitter.moomoo.me/fintechfrank/status/1653386414254350343#m

**RT @coinbase:** Today Coinbase launched Coinbase International Exchange @CoinbaseIntExch (https://nitter.moomoo.me/CoinbaseIntExch) and will begin by offering BTC & ETH perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligible jurisdictions outside of the U.S. coinbase.com/blog/introducin… (https://www.coinbase.com/blog/introducing-coinbase-international-exchange) https://nitter.moomoo.me/pic/card_img%2F1653383195751075842%2FY4Bm4Eic%3Fformat%3Djpg%26name%3D800x419 https://nitter.moomoo.me/coinbase/status/1653385513011740672#m

**RT @coinbase:** Today Coinbase launched Coinbase International Exchange @CoinbaseIntExch (https://nitter.moomoo.me/CoinbaseIntExch) and will begin by offering BTC & ETH perpetual futures settled in USDC with up to 5x leverage to institutional clients in eligible jurisdictions outside of the U.S. coinbase.com/blog/introducin… (https://www.coinbase.com/blog/introducing-coinbase-international-exchange) https://nitter.moomoo.me/coinbase/status/1653385513011740672#m