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Gradient Descent
Monday, April 20 2026
Good morning, Pierluigi — 4 items • ~3 min read
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Today's Brief
Inference cost curves are now driving product decisions faster than capability benchmarks, which is why every major lab is rethinking how large language models are served at scale. This shift has second-order consequences for capital markets, where the ability to securely serve AI models at scale will become a key differentiator for financial institutions, potentially altering the competitive landscape in areas like fraud detection and instant payments. You should be evaluating whether your current workflow for integrating AI models into your financial analysis toolkit is optimized for the new cost curves, and considering a review of your technology investments to ensure they align with the emerging regulatory landscape in Europe and Asia.
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🎧 Podcasts
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How Capital One Delivers Multi-Agent Systems with Rashmi Shetty - #765
Capital One is designing and delivering multi-agent systems using AI, highlighting the potential for more effective and efficient financial systems. This changes your decision to invest in AI research and development, as you will need to consider the potential applications and benefits of multi-agent systems in finance.
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That's your edge for today.
See you tomorrow morning with the next gradient step.
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