本文探讨了在投资与风险管理中"非对称暴露"的概念——即潜在收益与潜在损失之间不成比例的风险敞口。作者通过实际案例说明，识别并利用这种非对称性关系，可以在有限的下行风险下获取不对称的上行回报。笔记强调了在决策中关注风险收益不对称结构的重要性，而非仅关注平均预期值。
Max Weinbach says he had early access to OpenAI's new model GPT-5.6 Sol, calling it his favorite model by far. He highlights that it never gives up and will keep reasoning until it's done. OpenAI announced that GPT-5.6 Sol, along with Terra and Luna, will launch publicly on Thursday, with preview access expanding globally now.
The US government ordered Anthropic to suspend access to its Fable 5 and Mythos 5 models for all customers, citing a potential jailbreak technique that involved asking the model to review a codebase for vulnerabilities—a capability Anthropic says is available in other public models. Access was abruptly cut off on June 12.
Andrej Karpathy announces the release of Claude Fable 5, the same underlying model as Mythos but with added safeguards. He calls it a major step forward, particularly for long problem-solving sessions on difficult tasks, and describes it as state-of-the-art on nearly all benchmarks with exceptional performance in software engineering, research, and vision.
Roman Storm warns that the legal theory in his case could set a precedent making open-source developers liable for how others use their code, potentially criminalizing the mere publication of privacy, messaging, or crypto tools. He notes that developer Michael Lewellen cannot publish lawful code due to prosecution fears, and argues this chilling effect extends beyond any single case.
Meta's engineering culture is deteriorating under Mark Zuckerberg and Scale AI CEO Alexandr Wang, who have introduced keyboard tracking, reassignments to data labeling, and AI-centric performance metrics. Critics argue this incentivizes performative AI use, drives away experienced engineers, and contributed to a major Instagram hijacking incident caused by AI-written and AI-reviewed code.