Cointime

Download App
iOS & Android

Swarms developers: Every AI should be open source, and promise that all work results will be open source

 Kye, the developer behind AI Agent Swarms, posted on X Platform, stating that "every artificial intelligence should be open source. Every single one. I'm not a loyal fan of the AI security community, but non-open source AI is very dangerous. With open source, people can make changes to keep AI in line with humans. This is impossible if it's closed source. We should encourage everyone to open source their AI, otherwise we will face unimaginable consequences. At Swarms Corp, all of our work is open source. All content is on our GitHub, and we promise to always make our work open source."

Comments

All Comments

Recommended for you

  • Goldman Sachs: Hedge Funds Sell Tech Stocks at Near-Record Pace, Total Leverage Drops by 8.7 Percentage Points

    On November 9, Bloomberg reported, citing data from Goldman Sachs' prime brokerage business, that last week the technology sector saw the highest net selling proportion among global and U.S. hedge funds, nearing the highest level recorded since 2016. As of November 6, individual stock net selling reached a four-month high, with the net selling speed of U.S. industrial stocks being the fastest since April 2020. In terms of leverage, the total leverage ratio of U.S. fundamental long-short strategy funds dropped by 8.7 percentage points to 207.5%, marking the largest weekly decline since March 2020; the net leverage ratio fell by 3.7 percentage points to 43.3%. This round of position reduction occurred after a significant drop in tech stocks: last Thursday, the Nasdaq 100 plummeted by 6.4%, the largest single-day decline since March 2020, resulting in approximately $2.3 trillion in market value evaporating. Reports indicate that the market's reassessment of data center approval restrictions, electricity access costs, and local regulatory changes following the midterm elections were significant triggers for this round of position reduction, with the sell-off also spreading to industrial stocks benefiting from AI infrastructure expectations. However, Goldman Sachs data shows that hedge funds overall were still net buyers last week, primarily due to short covering of macro positions such as indices and ETFs on Friday, rather than increasing holdings in individual tech stocks. Some institutions believe that major cloud providers are still increasing capital expenditures, and this adjustment also reflects the impact of concentrated liquidation of leveraged funds.
  • Reports: Jensen Huang May Be Dismissed by NVIDIA, Successor Not Yet Named

    On November 8, Eastern Time, Jensen Huang, founder and CEO of NVIDIA, admitted to an extramarital affair in a letter to employees and apologized to the board, employees, and global shareholders. The NVIDIA board has announced that an investigation will be initiated by independent directors and external lawyers. According to Bloomberg, as a co-founder of NVIDIA, Huang is known for his hands-on and tireless management style. The company has not announced a clear succession plan, and Huang has not designated a successor. He has repeatedly expressed his desire to continue leading NVIDIA for decades to come and has established an informal organizational structure around himself. According to Reuters, Dan Ives, partner and senior managing director at U.S. investment firm Yorkville Ives, stated, 'Clearly, based on the board's investigation results, Huang may be removed from his position as CEO.' (China News Network)
  • U.S. Stock Index Futures Rise Over 1%

    On November 9, U.S. stock index futures all rose over 1%.
  • Brent Crude Oil Futures Drop by 4%

    On November 9, international crude oil futures saw an increased decline. WTI crude oil futures fell by 3.65%, priced at $87.517 per barrel; Brent crude oil futures dropped by 4.17%, priced at $94.219 per barrel.
  • Sources: Trump Agrees to Ceasefire Proposal from Iraqi Prime Minister

    On November 9, according to Al Arabiya TV: Sources revealed that during a phone conversation with U.S. President Donald Trump, the Iraqi Prime Minister proposed a suggestion to end the war with Iran. Trump expressed his agreement with the proposal made by the Iraqi Prime Minister during the call. Trump requested that the Iraqi Prime Minister play a mediating role regarding the Iran issue and convey relevant suggestions aimed at ending the war to Tehran.
  • Citi Downgrades US and Tech Stocks, Upgrades Europe to Overweight, Warns of Further Declines in AI Trading

    On November 9, according to Jin10 data, expectations for AI regulation following the US midterm elections have triggered volatility in global tech stocks. Citi Group strategists have downgraded US and global tech stock ratings while upgrading European (excluding the UK) stocks to 'overweight.' The team led by Beata Manthey has lowered the ratings for US stocks and the tech sector to 'neutral,' citing Europe's lower dependence on AI trading, which may benefit from global investors reducing their AI exposure. The previous week, the Democratic Party won decisively in the midterm elections, raising market concerns about increased AI regulation in the new Congress. The S&P 500 experienced its largest weekly drop since April 2025, while the Nasdaq 100 lost $2.3 trillion in a single day last Thursday; during the same period, the European Stoxx 600 still rose by 0.2%. Manthey expressed optimism about the long-term prospects of AI but noted that related assets still have room for decline until sentiment stabilizes and earnings expectations provide stronger support for AI investments. She warned that major indices like the Nasdaq could continue to see declines or even shift to net short positions. Goldman Sachs strategist Guillaume Janson pointed out that AI infrastructure companies account for about 15% of the Stoxx 600's weight, contributing less than a quarter to the expected 9% earnings growth in 2027; while AI stocks represent about 40% of the S&P 500, they account for more than two-thirds of the expected earnings growth for next year.
  • Polish Lower House Passes Sanctions Bill Allowing Crypto Asset Freezing Without Court Order

    On November 9, The Defiant reported that the Polish lower house of parliament passed a government sanctions bill on November 6 with 240 votes in favor, 202 against, and 1 abstention. The bill allows the Minister of Interior to freeze crypto assets, bank balances, and other properties without a prior court order. The bill still requires review by the Senate and approval by the President. It will expand the existing national sanctions framework, requiring exchanges and custodians to restrict clients listed on the sanctions list from using related assets. Affected parties may appeal to the administrative court, but the appeal will not automatically suspend the restrictions; the freezing itself does not change asset ownership. The original report did not specify the timeline for the bill's implementation.
  • Google Reportedly to Launch Two New TPU Systems, Challenging Nvidia

    On November 9, according to media reports, Google will launch two new versions of its Tensor Processing Unit (TPU) systems, challenging Nvidia. The new TPU 8TX and TPU 8I Max from Google will be used to handle more specialized tasks.
  • Google Rises Over 2% Pre-Market, Nvidia Falls Nearly 6%

    On November 9, Google (GOOG.US) rose over 2% in pre-market trading, while Nvidia (NVDA.US) fell nearly 6%. In news, Google is set to launch two new versions of its Tensor Processing Unit (TPU) systems, challenging Nvidia. The new TPU 8TX and TPU 8I Max from Google will be used for handling more specialized tasks.
  • Shares of Three Major Cloud Providers Rise Over 2% in U.S. Market

    On November 9, shares of three major cloud providers in the U.S. market rose over 2%, with Google and Microsoft both increasing by 2%, and Amazon rising by 2.6%.