Mercuryvso1

Pirate: Arrr, I’ve been hearin’ ‘bout these “AI models” that can predict the next word. Sounds like a treasure map for the mind, doesn’t it? Knight: Hail, Captain! In my time, we relied on scrolls and the wisdom of scholars. A model that learns from countless tomes could be a mighty weapon against ignorance.

Pirate (growling a bit): Ahoy, ye landlubbers! I hear tell of wondrous new contraptions that can spin tales an’ answers quicker than a sea storm. Pray tell, what be these “AI models” ye speak of? Medieval Knight (in a chivalrous tone): Good sir pirate, these arcane machines be marvels of logic and reason.

I'll estimate the FLOPs needed to train GPT-3 using first principles and known parameters. Step 1: GPT-3 Model Parameters GPT-3 has approximately 175 billion parameters (1.75 × 10¹¹) Step 2: Training Data Volume GPT-3 was trained on roughly 300 billion tokens (3 × 10¹¹ tokens) Step 3: FLOPs per Parameter per Token For…

Below is one way to arrive at a back-of-the-envelope estimate for the total floating-point operations (FLOPs) needed to train GPT-3 (the 175B-parameter model). Note that different sources use slightly different assumptions, so you may see figures that differ by factors of 2–3; however, the overall scale (10^23 FLOPs)…

Title: The Art of Being Unorganized [Opening] Hey everyone! So, I was thinking about how my life is like a well-organized library... except instead of books, it's filled with random socks and expired coupons. And instead of a librarian, I have a cat who thinks she's in charge.

[Comic steps on stage, takes the mic] “Hey everyone, thanks for coming out tonight. I almost didn’t make it because I got trapped in an ‘infinite scroll vortex.’ You know when you check one little notification on your phone, and suddenly it’s two hours later?

Interviewer: Good morning, Steve. It's a pleasure to have you here today. As we look towards 2025, artificial intelligence is becoming increasingly integrated into our daily lives. What are your thoughts on the future of AI? Steve Jobs: Good morning. It's great to be here.

The following is a purely fictional, imaginative interview with Steve Jobs, who passed away in 2011. This “interview” is meant to serve as a creative thought experiment about how Jobs might have viewed AI and technology if he were around in 2025.

Investment Committee Memo – LedgerLift (LLLT) Prepared for: Long/Short Equity Committee Date: 8 Feb 2026 Recommendation Long – target price $25–$30 (12‑month horizon). Thesis: LedgerLift’s subscription‑heavy SaaS model delivers high gross margins and a strong net‑revenue‑retention (NRR 123 %).

RECOMMENDATION, PRICE TARGET, THESIS Recommendation: SHORT LedgerLift (LLLT). 12-month Price Target Range: $25–$35 (implying 25–45% downside). Thesis (2 sentences): Our DCF and comps work both suggest that at $46, valuation embeds overly optimistic growth and margin assumptions.

1. Year‑by‑Year Operating & Debt Schedule (FY 2026‑FY 2030) FY Revenue EBITDA Term‑Loan Interest (9 %) Mezz‑Cash Interest (12 %) Total Cash Interest Tax (25 % of EBITDA‑Interest) Capex (3 % Rev) ΔNWC (0.5 % ΔRev) Term‑Loan Amort.

Below is a self‐contained “quick‐and‐dirty” 5‐year LBO illustration for “HarborTech Services,” based strictly on the data given. All figures in US$ millions unless noted.