This Chart Exposed The AI Trade and Loves Bitcoin

<p>One chart from Epoch AI shows the cost of AI falling about 47% a quarter since 2023, faster than any technology in history, and it exposes the math under the AI trade. Michael, Liam and Brian on why cheap intelligence competes away profit, and why Bitcoin is the scarce unit left.</p><p><br></p><p>BOOK A CONSULTATION</p><p>Holding Bitcoin for decades raises two questions: who protects it, and how it reaches your family. Onramp answers both. Three institutions protect it, and no single one can lose it, move it, or use it. Inheritance built in. Insured through Lloyd&#39;s of London. Speak with our team to see if it fits.</p><p>👉 https://go.onrampbitcoin.com/consult-fs-pod</p><p><br></p><p>GET ON THE LIST</p><p>• Onramp: our research, event invites, and the week&#39;s Bitcoin news in one free email. https://go.onrampbitcoin.com/research-fs-pod</p><p>• Early Riders Insights: the best content in the ecosystem, weekly. https://www.earlyriders.com/research</p><p><br></p><p>ABOUT THIS EPISODE</p><p>Eight major AI models shipped in two weeks, open-weight models now carry most of the tokens on Vercel&#39;s AI Gateway, Oracle invoked force majeure on a Stargate site, and Epoch AI finds the cost of a given level of performance has fallen about 47% a quarter since 2023. Michael&#39;s read is that AI will compete away the profits it touches, which makes the scarce unit in an abundant world the question that matters. From there the three of them work through Amazon blocking Meta&#39;s Muse while Shopify opens its merchants to it, Block bringing Bitcoin Lightning payments to x402 for AI agents, the Open USD stablecoin consortium, the CFTC&#39;s call to prepare for mass tokenization, Citi and Coinbase, BlackRock&#39;s model portfolios on Ondo, Binance&#39;s $100 million stake in Circle, and Apollo&#39;s warning that agents could set off a bank run. The single point of failure of the week is the roughly $350 million Bitget hack, linked to North Korea.</p><p><br></p><p>CHAPTERS</p><p>00:00 - Eight AI models in two weeks: what the singularity looks like</p><p>03:53 - Open-weight models, Oracle&#39;s Stargate notice, and Jevons paradox</p><p>07:15 - Frontier versus open models, and why the harness holds the value</p><p>10:46 - Amazon blocks Muse, Shopify opens the door</p><p>16:57 - Why blocking bots fails, and why agents may raise prices</p><p>23:13 - Block brings Bitcoin Lightning to x402 for AI agents</p><p>26:26 - What if the ads of the agent internet are just money?</p