Welcome To Foundership Lighthouse: Learn about Eliezer Yudkowsky’s Take On The Depth Of AI, QuillAudits, Weekly Web3 and AI News And Much More!

Welcome to Foundership Lighthouse!

We share everything we have been up to in the week over here!

But remember, this is just a glimpse of what we did last week! If you want to follow our latest updates, takes, and events as they happen, hit that follow button on X and LinkedIn now!

X: https://x.com/FoundershipHQ

LinkedIn: https://www.dhirubhai.net/company/foundershiphq

Quick Summary of this week:

1. Eliezer Yudkowsky’s take on the depth of Artificial Intelligence
2. Feature Friday: Web3 Security Partner - QuillAudits
3. Meta is cooking up a MASSIVE AI data center!
4. Meme: Blockchains are building with real use cases now! ??
5. KOL Question: What’s your take on the regulatory hurdles for crypto and blockchain?
6. Weekly Web3 and AI News

Eliezer Yudkowsky’s take on the depth of Artificial Intelligence

To view more posts like this, follow us on X and LinkedIn! ??

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Feature Friday: Web3 Security Partner - QuillAudits

Building in Web3 is thrilling, but those security concerns? Not so much.

That's why we're excited to highlight one of our trusted ecosystem partners, QuillAudits ?? Web3 Security ?????, a blockchain security powerhouse that's been keeping the digital frontier safe since 2018.

Under the leadership of Preetam , QuillAI ???? ETHDenver ???? has secured over 1,000 Web3 projects and protected more than $30 billion in digital assets. Their team combines manual expert reviews with AI-powered analysis to catch vulnerabilities before hackers do.

For you, this means:

- Peace of mind through comprehensive smart contract audits

- Protection against the latest attack vectors

- Expert guidance on strengthening your protocol's security

Just this month, they partnered with Aethir, a decentralized cloud computing platform revolutionizing AI and gaming in Web3.

This collaboration is offering up to $10,000 in free security audits to Aethir-backed projects through their WAGSI initiative.

https://lnkd.in/eK4nF8tu

They've also been leading the analysis of major security incidents, including the recent $1.5 billion Bybit hack (the largest crypto theft in history).

Their detailed breakdowns help the entire ecosystem learn and adapt.

The Bybit hack showed that even sophisticated multisig setups can be compromised through social engineering. As QuillAudits' analysis revealed, "humans remain the weakest link" in security.

Read about it here: https://lnkd.in/eHsNQ-ap

For early-stage founders, working with security experts means:

- Building investor confidence (VCs love security-conscious teams)

- Protecting your users' assets (and your reputation)

- Avoiding the existential threat of a major exploit

Beyond their core smart contract auditing, QuillAudits offers specialized services for DeFi protocols, dApps, decentralized exchanges, digital wallets, and blockchain protocols.

They've developed tools like QuillCheck, QuillPlay, QuillMonitor, and QuillRelay to provide continuous security monitoring.

For founders building on newer chains…

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Meta is cooking up a MASSIVE AI data center!

Just in: Meta's cooking up a MASSIVE AI data center that could cost over $200B! ??

Where, why, and what’s it to you? Let’s explore!

Mark Zuckerberg & team are eyeing Louisiana, Wyoming, or Texas for this, with senior executives already visiting potential sites this month. We're talking about a facility that would cover "a significant part of Manhattan" according to the man himself.

Meta's already building a $10B, 4 million-square-foot data center campus in Louisiana, but this new project is on another level entirely.

Source: https://lnkd.in/gHrHQVpw

What's wild is thinking about what this means for the future of AI infrastructure:

- Meta's planning to have 1.3 MILLION GPUs by year-end 2025

- They're aiming to bring ~1GW of compute power online in 2025

- Their current capital expenditure plan is $60-65B for 2025, focused on AI infrastructure

Let’s compare this progress with their competitors, shall we? For context on the AI arms race:

1. Microsoft is planning $80B in data center investments for fiscal 2025

2. Amazon plans to spend over $100B in 2025, up from $75B in 2024

3. The global AI data center market is projected to grow from $15.13B in 2024 to $94.03B by 2032 (25.7% CAGR)

For startup founders, this signals massive opportunities in…

To check out all the details in the post, click here!??

Tweet: https://x.com/FoundershipHQ/status/1895012076718059917

LinkedIn: https://www.dhirubhai.net/feed/update/urn:li:activity:7300777721603768320

Meme: Blockchains are building with real use cases now! ??

Let's make utility a priority again.

To check out the full post, click here!??

Tweet: https://x.com/FoundershipHQ/status/1895718392981766204

LinkedIn: https://www.dhirubhai.net/feed/update/urn:li:activity:7301488887267282944

KOL Question: What’s your take on the regulatory hurdles for crypto and blockchain?

Web3 Founders, here’s a question for you.

To check out the full post, click here!??

Tweet: https://x.com/FoundershipHQ/status/1893971805267787895

LinkedIn: https://www.dhirubhai.net/feed/update/urn:li:activity:7299737632924651520

Weekly Web3 and AI News

SEC Dismisses Lawsuit Against Coinbase

• The SEC permanently dropped its lawsuit against Coinbase on Feb. 27.
• The dismissal includes withdrawing from its June 2023 lawsuit and an appeal with the US Court of Appeals.
• The case officially ended after a mutual agreement was reached on Feb. 21.

Bitcoin Drops Below $80K, Erasing Trump-Related Gains

• Bitcoin fell to $79,752 on Feb. 27 due to economic uncertainty around Trump’s proposed tariffs.
• The 2.65% decline liquidated $100M in long positions.
• Many traders expected $82K as a bottom but now anticipate a drop toward $70K.

Judge Dismisses SEC Fraud Case Against Hex Founder Richard Heart

• A judge dismissed the SEC’s lawsuit against Richard Heart, citing lack of US jurisdiction.
• The SEC accused Heart of raising $1B in unregistered offerings and misusing $12.1M for luxury items.
• The court ruled the activities were global in scope and not specifically targeting US investors.

SEC Delays Ether ETF Options Decision Again

• The SEC extended its decision on Cboe Exchange’s request to list Ether ETF options until May.
• Cboe initially applied in August 2024, with the SEC previously delaying in October.
• The request involves options trading for the Fidelity Ethereum Fund, which holds $1.3B in assets.

FBI Urges Blocking of Transactions from Bybit Hackers

• The FBI confirmed North Korea was behind the $1.4B Bybit hack, linking it to the Lazarus Group.
• The agency asked exchanges and node operators to block transactions tied to the stolen funds.
• The FBI previously identified Lazarus Group as responsible for other major crypto thefts.

Elon Musk's xAI Releases Grok 3 AI Model

• xAI, founded by Elon Musk, launched its latest AI model, Grok 3, on February 17, 2025.
• Grok 3 is designed to rival leading AI models, boasting enhanced reasoning, coding, and multimodal capabilities.
• The model was trained using the "Colossus" supercluster, equipped with approximately 200,000 GPUs, providing ten times the computing power of its predecessor.
• Grok 3 is currently accessible to subscribers of X's $40 per month "Premium+" plan and via xAI's standalone platforms, with future plans to introduce voice interaction features.

Apple Announces $500 Billion U.S. Investment and AI Server Facility in Houston

• Apple has committed to investing over $500 billion in the United States over the next four years, marking its largest domestic investment to date.
• A significant portion of this investment includes the construction of a 250,000-square-foot manufacturing facility in Houston, Texas, dedicated to producing servers for Apple's AI initiatives.
• The Houston facility is expected to create thousands of jobs and is slated to commence operations in 2026.
• Additionally, Apple plans to create 20,000 new research and development positions across the country, focusing on areas such as silicon engineering, software development, and artificial intelligence..

Elton John Advocates for UK Copyright Reforms to Protect Creators from AI

• Renowned musician Elton John has called for a reevaluation of the UK's copyright regulations to safeguard artists' rights in the face of advancing artificial intelligence technologies.
• He emphasizes the need for a system where artists have control over the use of their work by AI, rather than an opt-out model that allows unrestricted AI access to online content.

DeepSeek to Open-Source AGI Research Amid Privacy Concerns

• Chinese AI startup DeepSeek, aiming to develop artificial general intelligence (AGI), has announced plans to open-source five research repositories starting next week.
• This initiative reflects DeepSeek's commitment to transparency and community-driven innovation, addressing growing privacy concerns associated with AGI development.

OpenAI Researchers Acknowledge Limitations in AI Coding Capabilities

• Researchers at OpenAI have admitted that even the most advanced AI models currently struggle to solve the majority of coding problems.
• Despite CEO Sam Altman's assertion that AI will surpass "low-level" software engineers by the end of the year, the research indicates that human coders remain superior in tackling complex coding challenges.