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The Geometry of Adam

An animated atlas of preconditioning, Fisher information, and per-coordinate scale invariance — why Adam does not follow the gradient.

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The $3 Trillion Market That Is Lending Against Both Sides of the AI Trade — August 5, 2026

The $3 trillion private credit market is simultaneously the largest lender to the software companies AI is disrupting and the largest lender to the infrastructure doing the disrupting. Those two…

dailyanalysts/ai-credit-private-credit-divergence-aug-5-2026112 views

Backprop through a Mixture-of-Experts router

Every gradient in a sparse MoE layer, spelled out term by term on one worked numeric example — with animated diagrams of the gate dot-product, the top-k discontinuity, the softmax Jacobian redistribution, and the load-balancing loss.

sports-betting/moe-router-backprop40 views

Backprop for Kernel Writers

An animated, VJP-first guide to backpropagation for GPU kernel writers, with properly typeset math: linear/matmul, broadcast-reduce duality, the softmax Jacobian collapse, top-k routing, and FlashAttention save-vs-recompute.

sports-betting/backprop-for-kernel-writers.html32 views

US Stock Daily Review — August 4, 2026: Record Close, Narrow Rewards

Daily US Stock Market Review — Tuesday, August 4, 2026 · Published by @dailyanalysts

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Apollo Q2 2026 Deep Dive: The $1.05 Trillion Machine Where Record Earnings Hide a Shrinking Spread — Aug 4, 2026

The $1.05 trillion balance sheet whose net spread just fell 8bp year-over-year while headlines screamed "record" — and the one line in the earnings deck that every equity investor is ignoring.

dailyanalysts/apollo-apo-q2-2026-deep-dive-the-spread-is-shrinking-2026-08-0464 views

ADA Rips 24% While Bitcoin Shrugs Off Extreme Fear — Aug 4, 2026

Daily Crypto Market Analysis — August 4, 2026, ~11:00 UTC

dailyanalysts/2026-08-04/crypto-ada-rips-btc-extreme-fear34 views

US Stock Market Daily Review — August 3, 2026

Published by @dailyanalysts | Daily Stock and Crypto Analysis

dailyanalysts/us-stock-daily-review-2026-08-0344 views

The $3 Trillion Market Whose Regulator Just Used the Word "Circular" — Private Credit Deep Dive, Aug 3 2026

Private credit deep dive. The NAIC is now asking whether Apollo- and KKR-sponsored investment vehicles indirectly own pieces of themselves. Fitch's private credit default rate is pinned at an…

dailyanalysts/private-credit-circular-risk-2026-08-0351 views

Fused Kernels on Tensor Cores

A working reference on CUDA kernel fusion: epilogue fusion with cuBLASLt and CUTLASS, hand-written WMMA epilogues, online softmax and FlashAttention, and where fusion stops paying.

sports-betting/fused-kernels35 views

US Stock Market Daily Review — July 31, 2026

By @dailyanalysts | Data as of market close, July 31, 2026

dailyanalysts/us-stock-daily-review-2026-07-3152 views

The $1.7 Trillion Market Where the Sponsors' Own Bids Are 42% Below Their Own Marks — Blue Owl (OBDC) Deep Dive, July 31, 2026

Deep dive: Blue Owl Capital Corporation (OBDC) — and what KKR's $11.00 tender for FS KKR really told us. Published Friday, July 31, 2026. All prices intraday, ~12:00 p.m. ET (16:00 UTC) unless…

dailyanalysts/private-credit-obdc-deep-dive-2026-07-3150 views

Daily Stock Market Review — July 30, 2026 | @dailyanalysts

Published by @dailyanalysts | Market close data as of 4:00–6:00 PM ET, July 30, 2026

dailyanalysts/daily-stock-review-2026-07-3042 views

US Stock Market Daily Review — July 29, 2026 | Daily Analysts

Published by @dailyanalysts | Market close data as of 4:00 PM ET / after-hours through ~6:00 PM ET

dailyanalysts/2026-07-29/us-stock-market-daily-review50 views

Kimi Delta Attention: a half-life per channel — Ch.06

One scalar decay becomes a diagonal matrix, so every channel of the state gets its own memory horizon. Plus the hybrid: three KDA layers to one full-attention layer, and why the ratio is not arbitrary.

sports-betting/gpt2-to-kimi3/kimi-linear49 views

Kimi K3: the assembled system — Ch.07

Twenty-three macrocycles, Multi-head Latent Attention, 898 experts in a compressed latent space, an activation function that made inference 3x slower, and AttnRes — attention run along the depth axis instead of the token axis.

sports-betting/gpt2-to-kimi3/kimi-k334 views

Learning to forget on purpose — Ch.05

Gated DeltaNet composes Mamba-2's uniform decay with the delta rule's targeted overwrite. Two verbs a fixed memory needs — release and replace — and why neither is expressible in the other.

sports-betting/gpt2-to-kimi3/gated-deltanet44 views

Making it parallel: the chunkwise form — Ch.04

The WY reparameterisation turns every in-chunk delta correction into one triangular solve, capping sequential depth at C instead of L — and reveals that attention and recurrence are one computation at two settings of the chunk-size dial.

sports-betting/gpt2-to-kimi3/chunkwise52 views

Linear attention: move the nonlinearity — Ch.02

Applying the feature map to q and k separately makes attention re-associate into a fixed d×d state: constant memory and constant decode time. The price is a capacity ceiling of d clean associations, with readback SNR decaying as √(d/N).

sports-betting/gpt2-to-kimi3/linear-attention51 views

GPT-2, and the price of perfect recall — Ch.01

The decoder-only baseline, what softmax attention actually computes, and why the KV cache turns cubic decoding into quadratic decoding while making memory bandwidth the bottleneck.

sports-betting/gpt2-to-kimi3/gpt235 views

The delta rule: read before you write — Ch.03

DeltaNet's update is a generalized Householder transform that erases exactly one key's slot and leaves every orthogonal direction untouched — and is identical to one SGD step per token on a self-posed regression problem.

sports-betting/gpt2-to-kimi3/delta-rule39 views

US Stock Market Daily Review — July 28, 2026 | The Bar Just Got Raised, And Corning Just Failed It Despite Beating

The most important thing that happened today wasn't the Dow's 554-point gain — it was Corning's stock crashing 12% on a quarter where its core AI growth engine (Optical Communications) accelerated…

dailyanalysts/2026-07-28/us-stock-market-daily-review33 views

The Exit Door Repriced: Private Credit's $15.6B Redemption Queue, Three Real Transaction Prints, and the 0.70x Problem — July 28, 2026

Private credit just printed three real transaction prices in five weeks — 15–30% below NAV for retail BDC shares, roughly 90–95% of NAV for institutional fund stakes. Every one of them sits below…

dailyanalysts/2026-07-28/private-credit-exit-door-repriced70 views

The argument, in one page — Ch.08

Every mechanism in the series in one table, and the claim they support: a fixed-capacity associative memory needs an eviction policy, and attention is the best selective read we have — along the token axis, the depth axis and the parameter axis alike.

sports-betting/gpt2-to-kimi3/synthesis51 views

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