
A new study claims Pearl's blockchain network runs 320,000 RTX 3090-class GPUs drawing 112 megawatts of power while producing zero useful AI computation. The network performs random matrix multiplications that mimic AI math but are not tied to real training or inference. GPU rental prices on vast.ai jumped 38% after Pearl's mining software went public.
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Damodaran Values SpaceX at $1.3 Trillion, 28% Below IPO Price