AI compute keeps missing one layer 🧠 $TAO turned decentralized intelligence into one of the cleanest infrastructure bets of the last two cycles. The part nobody prices is what happens when the model actually runs. Inputs sit in plaintext and the compute itself becomes the leak. That gap is one $RENDER never had to touch, because rendering frames is nothing like running sensitive inference. Arcium built for exactly that. It acquired Inpher, an AI compute company backed by Amazon and JP Morgan that raised over $25M, and the MPC underneath is tuned for the operations behind inference and training. Blackthorn is the confidential AI layer sitting on top of it now. What I keep coming back to is that Arcium didn't bolt confidentiality on at the end. It's the whole reason the stack exists. Still feels early for a piece this load-bearing. #AI #Macro Insights# f