PEARLIFIED — who is signing with Pearl?

The evidence board

EXHIBIT A

Everything pinned below is either on tape (photos, quotes) or clearly-labeled speculation (odds, string). The red string is ours. The clues are theirs.

who signed??

Pearl founder on stage beneath Vitalik's 'probably infeasible' slide

the talk: standing under Vitalik's "probably infeasible"… bold bold bold

Suspect · chip maker

NVIDIA

OUR ODDS 30%

Founder worked at NVIDIA Research. Kernel is Hopper-locked. "Essentially the ASIC for matmuls" — their words.

"…we're relying on NVIDIA being the ASIC for matmuls."+ co-founder = ex-NVIDIA Research →

Suspect · hyperscaler

Fireworks AI

OUR ODDS 35%

Together's arch-rival in open-model serving. The 2-for-1 discount endpoint begs for a counter-move.

"One of them is hopefully going to be signed this week."Together's arch-rival, forced to copy? →

Suspect · closed lab

Cursor

OUR ODDS 30%

"The Cursors of the world" — cited unprompted, mid-AMA. Own models. Monster inference bill.

"Three of them are waiting for Blackwell kernels."who runs FP4 on giant B200 fleets?? →

Suspect · closed lab

xAI

OUR ODDS 25%

Best fit for the Blackwell clue: GB200 fleets at absurd scale. Zero crypto allergy.

the protocol slide. PoW from ANY matmul = anyone's GPU counts

Suspect · chip maker

Tenstorrent

OUR ODDS 30%

Open stack, challenger economics, Blackhole just GA'd. "Every matmul also mines" sells silicon.

Suspect	Odds	The case
Hyperscalers — "in touch with three, advanced with two, one signing this week"
Fireworks AI	35%	Together's closest rival; the mining-subsidized endpoint is the obvious counter.
Nebius	20%	First-party inference API + enormous idle fleet.
CoreWeave	15%	The most literal "largest newer hyperscaler."
Baseten / Crusoe	10%	Name-dropped mid-call while the real partners stayed sealed. Interesting.
Chip makers — "into their design and into their spec" + a public collaboration reveal in ~1 month
NVIDIA	30%	The founder thread. Co-publishing a technical collaboration is exactly NVIDIA-shaped.
Tenstorrent	30%	Challenger with an open stack and fresh silicon to differentiate.
d-Matrix	15%	Dark horse: silicon built around INT8 matmul — Pearl's only precision today.
Groq / SambaNova / AMD	15%	The field. Everyone needs a story against NVIDIA.
Closed AI labs — "~5 in talks, 2–3 in the Valley, 3 waiting on Blackwell FP4"
Cursor (Anysphere)	30%	Cited unprompted. Own closed models, inference-dominated economics.
xAI	25%	GB200 fleets; the cleanest Blackwell fit.
Perplexity	20%	Sonar at volume; famously ruthless on inference cost.
Reka / Magic / Poolside	15%	Right size, right zip code for "neolabs in the Valley."

ODDS ARE EDITORIAL GUESSES BY PEARLIFIED — NOT REPORTING, NOT INSIDE INFO. WE GRADE OURSELVES IN PUBLIC WHEN NAMES DROP.

The tapes

EXHIBIT B

Cut straight from the AMA recording and the team's published talks. Quotes lightly cleaned from auto-transcripts — the audio is the source of truth. Headphones on.

AMA wiretap00:29:05

Let us not mention specific names… one of them is hopefully going to be signed this week.

AMA wiretap00:05:49

We're not Solana, we're not Ethereum — we're going for the Bitcoin of the AI era.

AMA wiretap00:19:57

We are relying on NVIDIA being the core — essentially the ASIC for matmuls.

AMA wiretap00:25:59

You download vLLM and it just comes with Pearl mining plugins. That's the dream.

AMA wiretap00:33:57

No pre-allocations, no pre-mine. No one — including team members, including investors.

AMA wiretap00:12:22

Turning compute into pearls is mining. The endgame is the other way around — pearls into compute.

Lecture tapeWeinstein

Money for machines — and humans.

Lecture tapeThe protocol

Maybe you can just add structure to the noise.

Lecture tapeThe history

Vitalik adds: it is probably infeasible. The rest is history.

Lecture tapeRafael Pass

A proof-of-useful-work blockchain becomes a financing vehicle for AI workloads.

Case status

EXHIBIT C

Every dated claim from the tape, logged and stamped. This page updates when reality does. Screenshot us — we don't edit history.

doneTogether AI live: Gemma-4-31B-it-Pearl at a 25%+ discountConfirmed

Jul 2026Coordinated MoE hard fork shipped on schedule — Pearl now mines mixture-of-experts modelsConfirmed

week of AMAHyperscaler agreement signed — one of two in "advanced progress"Watching

~1 monthChip-maker collaboration goes public (a joint reveal)Watching

fall 2026Blackwell FP8/FP4 kernels ship as a hard fork — near-zero overheadWatching

fall 2026Three waiting closed labs unblockedWatching

near termCompute marketplace becomes Pearl Cloud, an inference neocloudWatching

~mid 2027Pearl mining ships natively inside vLLM ("the dream")Watching

Word on the street

UNVERIFIED · FROM THE DISCORD

Chatter picked up in the Pearl community channels — rumor and argument, not fact, but exactly the raw material a case gets built from. Quotes are word-for-word from the Discord; only the identities are redacted.

Intercepted · Pearl Discordidentities redacted

Thread — the "why more hyperscalers" fight

████████skeptic

People don't need another gemma copy running only on Together AI
if it was meaningfully better platforms would be fighting to host it
they're not

██████respondent

What exactly do you want - GLM 5.2 on Fireworks?

Thread — the Google banner

██████member

Is that even this Pearl?

███████respondent

You asked if it's us - the answer is yes - this Google banner is about us.

█████member

When will we see something official about it?

███████member

Why? - is not it too early to even claim that

██████respondent

It simply means we are partners of GCP like many other startups and they see us as an innovative startup.

Sources protected

// handles & avatars redacted · quotes verbatim · public channel

New sightingGoogle Cloud

Pearl turns up in a Google Cloud banner

Members spotted Pearl featured in a Google Cloud (GCP) banner. The prevailing read in the channel: it's the standard GCP startup-program tie — "partners like many other startups" — not a signed serving deal.

Odds it's a major GCP deal: low. But it's a fresh pin on the board.

The bear caseSkeptics

"Platforms aren't fighting to host it"

The doubters' cut: nobody outside Together AI is racing to serve Pearl-ified open models. If a 2-for-1 Gemma were meaningfully better, the argument goes, rival platforms would be scrambling for it — and so far they're not.

The bull reply: that gap is exactly what a mining subsidy exists to close — which is why the next hyperscaler signature matters so much.

The community askFireworks?

"GLM 5.2 on Fireworks?"

The recurring wish in the channels: the next hot open model — GLM 5.2 and friends — Pearl-ified and served somewhere beyond a single Gemma build on Together AI.

Fireworks is the name that keeps coming up. Reinforces the top hyperscaler suspect.

Got a lead?

CASE FILE INTAKE

Heard a rumor, spotted a signature, know something we don't? Drop it in the case file — anonymously. No name required, no account, nothing tracked. Good tips get investigated and may land on the board.

Anonymous tip · form PRL-T · handle with discretion

Tip filed

Received. It's in the case file now — thanks, agent.

They're signing.They won't say who.

The evidence board

The tapes

Case status

Word on the street

Pearl turns up in a Google Cloud banner

"Platforms aren't fighting to host it"

"GLM 5.2 on Fireworks?"

Got a lead?

They're signing.
They won't say who.