I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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https://www.zdnet.com/article/a-new-chinese-ai-model-claims-to-outperform-gpt-5-and-sonnet-4-5-and-its-free/
If the January arrival of R1 was that country's "Sputnik Moment," then Thursday's debut of Moonshot's Kimi K2 Model is the Chinese AI industry's moon landing (pun intended).
https://www.aljazeera.com/economy/2025/11/13/chinas-ai-is-quietly-making-big-inroads-in-silicon-valley
“Chinese open models have become a de facto standard among startups in the US,” Lambert told Al Jazeera.
“I’ve personally heard of many other high-profile cases, where the most valued and hyped American AI startups are starting training models on the likes of Qwen, Kimi, GLM or DeepSeek,” Lambert said, adding that many US firms have been reluctant to publicly disclose their use of Chinese technology.