Core Viewpoint - The AI industry's potential is shifting from large models to application layers, with significant opportunities emerging in smaller, more efficient models and practical applications [5][6][7]. Group 1: AI Model Limitations and Opportunities - The capabilities of large models like GPT-5 have reached a ceiling, leading to a trend towards model miniaturization, which can enhance user experience and reduce costs [7][9]. - The explosion of AI applications is evident, particularly in text, voice, and video, with practical applications being more commercially viable than large model development [9][10]. Group 2: Building Non-Technical Moats - AI applications are fundamentally "shell applications" that rely on underlying model capabilities, making it difficult to create barriers based solely on AI technology [12][13]. - Entrepreneurs are encouraged to focus on "boring" but valuable areas, integrating workflows and editing capabilities to create long-term competitive advantages [14][15]. Group 3: Commercialization and Investment Standards - Retention is the key metric for evaluating AI projects, with many companies failing to maintain user engagement after initial interest [20][21]. - "Boring technology" that addresses practical needs is more likely to succeed in commercialization, as seen in applications like meeting minutes and customer service agents [22][24]. Group 4: Global Opportunities for Chinese Entrepreneurs - Chinese entrepreneurs excel in consumer applications and have advantages in supply chain efficiency, particularly in hardware integration [30][32]. - Embracing an "overseas" strategy can help Chinese teams avoid direct competition with large firms and tap into less saturated markets [32][33]. Group 5: Future Directions and Advice for Entrepreneurs - The focus should be on integrating AI with specific industry needs, creating non-technical barriers, and leveraging hardware to enhance user experience [36][38]. - Companies should prioritize solving real-world problems to generate commercial value, rather than solely competing in the large model space [38].

Product & Services - Bitget Wallet offers trading, swapping, and bridging functionalities [1] - Bitget Wallet provides opportunities to earn 10% APY [1] - Bitget Wallet offers a crypto card [1] Community Engagement - Bitget Wallet emphasizes community involvement [1] - Bitget Wallet has a "GM" (Good Morning) initiative, indicating community interaction [1]

Industry Perspective on Consortium Chains - The industry views the emergence of consortium chains as a positive development, indicating growth and opportunity [1] - Institutional players are expected to increasingly seek control over their technology stack, which is not surprising [2] Impact of Tempo - The industry anticipates Tempo's launch and potential traction due to the scale of involved players, expecting positive spillover effects [3] - Tempo is not expected to replace existing decentralized solutions like Ethereum [3][4] Decentralization and Scalability - Maintaining true decentralization while achieving global scale capacity is crucial, particularly by leveraging Ethereum [4] - The industry should accelerate development efforts in response to new developments [4]

RT DeFi Mago (@defi_mago)Starknet DeFi Map 🐺🐱@Starknet is a Layer 2 for Ethereum using zk-rollups powered by STARK proofs. Unlike most L2s, it’s not EVM-compatible, instead it runs on Cairo VM, purpose-built for scalability and efficiency.While other L2s use optimistic rollups or zkEVMs, Starknet trades EVM compatibility for higher performance and long-term efficiency.Here’s the ecosystem map with quick descriptions of each part to help you explore 👇————————————————————✨ DEX@RemusDEX | A fully on-chain cent ...

Product Update - MetaMask aims to make transactions smarter and safer with new features [1] - The update focuses on streamlining the swap and bridge process into a single flow [1] User Experience - The update emphasizes the importance of users understanding what they are signing before proceeding with transactions [1] - The update promotes trust in the outcome of transactions [1]

Company Overview - Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, focusing on loan origination and servicing for multifamily, single-family rental portfolios, and other commercial real estate assets [4] - The company manages a multibillion-dollar servicing portfolio and specializes in government-sponsored enterprise products [4] - Arbor is recognized as a leading Fannie Mae DUS® lender, Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender [4] Upcoming Financial Results - Arbor Realty Trust is scheduled to release its second quarter 2025 financial results before the market opens on August 1, 2025 [1] - A conference call to review the results will take place at 10:00 a.m. Eastern Time on the same day [1] Conference Call Details - A live webcast and replay of the conference call will be available on the company's investor relations website [2] - For those without web access, a telephonic option is available, with specific dial-in numbers provided for domestic and international callers [2] - A telephonic replay of the call will be accessible until August 8, 2025, with dedicated numbers for domestic and international callers [3]

Platform Integration - Zerion welcomes Solana, enabling users to access Solana within the platform [1] - Users can update their app or extension to try Solana on Zerion [1] Functionality & Features - Zerion offers swapping at the best rates with a single tap [1] - Bridging to Solana is supported from over 50 chains [1] - Users can track their Solana Profit and Loss (PnL) and portfolio [1] - Zerion allows users to follow wallets and copy their strategies [1]

Financial Data and Key Metrics Changes - In full year 2024, total billings decreased by 0.7% year over year, while annual adjusted EBITDA was $2.5 million positive for the second time on a full year basis [20] - In Q4, total billings were $116.3 million, an 11.2% decrease year over year, but exceeded guidance due to improvements in delivery and pipeline wins [21][22] - Revenue decreased by 16% to $74 million in Q4, with U.S. revenue down 19.9% due to lower billings and higher redemptions [24][25] Business Line Data and Key Metrics Changes - The UK business saw a 27.2% revenue growth in Q4, marking the fourth consecutive quarter of double-digit growth [24] - Bridge revenue declined by 12.7% compared to the prior year due to the loss of key accounts [24] - Adjusted contribution was $40.7 million, down 12%, but the adjusted contribution margin improved by 2.5 points due to a more favorable partner mix [25] Market Data and Key Metrics Changes - MAUs were 167.3 million for Q4, a decrease of 0.4%, primarily driven by winding down DASH and a smaller FI partner [26] - ARPU was $0.44, down 16.7% as a result of increased consumer incentives [26] - The company expects Q1 to represent the trough in performance, with billings guidance indicating a negative growth of 10% to 13% [27][29] Company Strategy and Development Direction - The company is focused on a turnaround plan to return to growth, divesting non-core businesses and investing in partnerships and data engineering capabilities [7][8] - A new office in Taiwan is being established to leverage local talent aligned with growth priorities [8] - The company aims to strengthen its competitive position by enhancing its commerce media platform and expanding its network [6][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged executional challenges in 2024 but expressed confidence in the company's unique value proposition and the potential for growth in 2025 [20][19] - The company anticipates a transformative year in 2025, focusing on product and tech stack innovation, expanding its network, and improving execution [19][32] - Management noted a consumer pullback in discretionary spending but highlighted strength in everyday spend categories [60] Other Important Information - The company ended Q4 with $65.6 million in cash and cash equivalents, providing over $100 million in liquidity [26] - Operating cash flow was positive at $3 million, while free cash flow was negative $1.5 million, showing sequential improvement [25] - The company is committed to maintaining cost discipline while making strategic investments in key areas [31] Q&A Session Summary Question: Delivery performance improvements - Management confirmed sequential improvements in delivery, with campaigns now hitting ROAS goals and under delivery continuing to improve [36][37] Question: Significance of new NeoBank partnership - Management emphasized the importance of every partner, noting that the new neobank will add diverse demographic segments and is expected to be fully ramped up shortly [40][42] Question: Future operating expenses outlook - Management expects operating expenses to remain below $40 million for the rest of the year, normalizing from Q4 levels due to reduced incentive compensation [44][45] Question: Stability of consumer incentives - Management indicated that consumer incentives should remain stable in the low 60% range as engagement improves [50][52] Question: Impact of Dosh on profitability - Management clarified that Dosh's closure would not have a significant impact on profitability, allowing the team to refocus on more critical initiatives [53][55] Question: Advertiser mentality amidst economic uncertainties - Management noted a consumer pullback in discretionary spending but highlighted the strength of everyday spend categories and the diversified advertiser base [60][62] Question: Potential of micro-targeting solutions - Management expressed optimism about the unique capability of combining datasets to unlock new CPG budgets and provide more value to consumers [63][64] Question: Contribution of new large U.S. FI partner - Management stated that the new partner would not significantly contribute to Q1 numbers but is expected to ramp throughout the year [67][68] Question: Drivers of pipeline strength - Management highlighted improvements in delivery and supply as key drivers of pipeline strength, with a focus on expanding partnerships beyond financial institutions [69][70]