The Ledger

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Disclosure
Harris: Founders Fund has paused new deals amid high crypto valuations
“The sentiment isn't amazing, but I would say prices on new deals that we've been seeing have been, like, asymmetrically high. Like, we, the last deal we did was Prime Intellect, and that was in, I want to say October or November. So we haven't done, like, a ne…”
Bridget Harris Mar 6, 2025 ▶ 11:23 Bridget Harris breaks down the Prime Intellect deal and the broader sentiment in crypto today.
Assertion Supported
Harris: Prime Intellect completed 1.1B and 10B parameter distributed training runs
“Like they did the 1.1 billion parameter, you know, training run. Like a few months later, they completed like a ten billion parameter training run.”
Bridget Harris Mar 6, 2025 ▶ 5:16 Bridget Harris breaks down the Prime Intellect deal and the broader sentiment in crypto today.
Assertion Supported
Harris: Prime Intellect open-sourced DeepMind's DiLoCo framework as OpenDiLoCo
“Basically what they did is Google deep mind released a paper called like D loco which stands for like distributed low communications framework. And they implemented that, but in like an open source way, like they called it open D loco such that like you can tr…”
Bridget Harris Mar 6, 2025 ▶ 6:00 Bridget Harris breaks down the Prime Intellect deal and the broader sentiment in crypto today.
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