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- 👀 AI → Crypto
👀 AI → Crypto
PLUS: the next rotation

GM everyone. This is 2036, the crypto newsletter that pays you.
Today is Favorite Friday, where we serve up the resources we most enjoyed this week 🍲.
So if you're looking for content to dig into this weekend, this is your list...
🥢 Our Favorite Resources
What we most enjoyed this week

AI → Crypto?
This week marked the beginning of the end of the hyped interest in AI (more specifically LLMs - Large Language Models) and ChatGPT - exemplified by this Tweet:
If you're in AI pivot to crypto
— sassal.eth 🦇🔊 (@sassal0x)
1:24 AM • Jul 14, 2023
… which builds on angel investor Jason Calacanis’ advice to crypto founders last month:
If you’re in crypto pivot to AI
— @jason (@Jason)
6:28 PM • Jun 8, 2023
🤦
So what’s going on? Why now?
Well, turns out we’ve maybe just gotten used to freaking magic at our fingertips.
The LLM hype seems to be cooling down:
1/ Seems like the LLM honeymoon is over.
The "wow" factor has faded. Nobody is breathless anymore. The problems (hallucinations, incoherence over long outputs) are better understood. People no longer believe AI hype men that this stuff can do things it can't yet do.
— Haseeb >|< (@hosseeb)
1:36 AM • Jul 20, 2023
Tools like Chat GPT no longer blow users away. And some are starting to notice its mistakes.
One study estimates only about 2.4% of its math is accurate compared to 97.6% in March.
And Chat GPT user growth is down -9.7% in the last month.

But the end of the LLM hype is not the end of AI - on the contrary. AI is just getting started.
Last week, Elon Musk announced his latest company x.AI
And this week, Apple announced it’s working on its own version of Chat GPT. Wouldn’t be surprised if every other tech company is too.
NVIDIA - investors’ proxy for investing in AI - still plays a large role in keeping up the whole stock market:
The S&P 7, a handful of technology stocks, is now up an incredible 58% this year.
Meanwhile, the remaining S&P 493 is up just 4%.
The S&P 7 now has a market cap of over $11 trillion, nearly triple Germany's entire GDP.
AI hype is adding trillions in market value.
7/9 https://t.co
— The Kobeissi Letter (@KobeissiLetter)
2:20 PM • Jul 19, 2023
a.k.a AI is here to stay.
Marc Andreessen - who wrote the most important essay on AI - Why AI Will Save the World (here’s a summary for readers of 2036) - was on Joe Rogan this week.
And Yuval Noah Harari, who wrote Sapiens and Homo Deus, was on Lex Friedman.
We think both conversations are worth listening to. Throw some Kevin Kelly into the mix, and you’ll know more about how to think about AI than most people.
So where does that leave crypto?
Well…how should non-human agents transact value?
If you are not a person, a company, or a government, you can't have a bank account or money per se.
Non-humans will prefer crypto because it’s built for them.
So buckle up - the LLM hype may die, the AI cycle may take off - but crypto will be there all along.
🐦 A couple of Tweets we found interesting
The best of the bird

you guys are selling coins that you think will 10x in two years to try and buy them 10% lower, think about that for a second & let me know if that's logical
— Ansem 🎒 (@blknoiz06)
5:44 PM • Jul 20, 2023
And nearly every financial advisor has advised against throughout.
— Erik Voorhees (@ErikVoorhees)
6:19 PM • Jul 16, 2023
If you are reading this,
You just survived #bitcoin worst performance period ever.
— A u s t i n | Open Source Fitness (@_AustinHerbert)
12:59 PM • Jul 16, 2023
Time to rotate from $GBTC to $ETHE following yesterday's news, given where the relative NAV discount sits in combination with the ETHBTC ratio
Quite a nice catch up trade to be had
— Quinn Thompson (@qthomp)
11:08 AM • Jul 14, 2023
Where is the market going next?
No one has a crystal ball, but I believe we resume up soon enough
Let me walk you through my thinking process based on fundamentals, market sentiment & liquidity
NFA 🧵 http
— DeFi Man 🫐 (@DeFiMann)
1:03 PM • Jul 19, 2023
Reminder: no one knows anything and we're all morons.
— Sam Parr (@thesamparr)
2:34 PM • Jul 19, 2023
🏆 The winner of this week’s task
Earn $15 in SOL for opening a Phantom wallet

Thank you to everyone who participated in this week’s task.
Congratulations to the winner 👏 - your $15 in SOL are on their way.
Paid tasks will resume next week.
🖼️ Crypto meme of the day
From across the world wide information superhighway

