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So people are afraid that Google, Microsoft and other big tech who just hand out hundreds of thousands USD to regular employes in SBC apart from breakfast, snacks, massages, and incredible offices spaces... now invest heavily in something that might have some actual ROI? OK, nothing to see here, I will just buy the dip in the next couple of months.
Imagine looking st miniaturization of a tech and thinking it's a step backwards. The models currently on the market can do exactly what theyre marketed as being sble to do: replace most computer based jobs. Its more nuanced than typing "be an hr consultant" into chatgpt, and once the executives learn how to get what they want from them, most office jobs will dissappear. The incentive to pay 400 a month in electricity and subscriptions compared to a salary and benefits are too great. Pretending otherwise is downright self-destructive.
AI seems like a technology in search of a killer app. Google is terrified that improved search might be it. Remember, there was a time that Yahoo! was the king of search.
A.i. is not crashing, do not be exit liquidity for others. AMD just best on earnings and is expecting 16% yoy growth with high expectations and progress in A.I. 😉Just wait till NVDA reports earnings August 8th🚀, better buy the dips while you can.
Something people are missing when it comes to LLMs. What they are absolutely great at, as a fact, is managing unstructured data. Specifically in the context of a lawfirm. LLMs can take incoming email corrispondence and categorise it based on predefined categories. Based on these categories, legacy style CRMs/Case management systems can run various automations. That example is unarguably extremely powerful. Allowing businesses to reduce costs on employees as they shift a smaller cost into self hosted, on prem AI technology.
The bit he seems to be missing is what’s coming down the pipe is going to require greater back end capacity so having infrastructure in place makes sense.
People need to understand. Every world changing technology sees a hype bubble with euphoria allocating capital poorly, then a crash, then a recovery of the efficient and productive companies utilizing that tech. This is actually important for the future of AI. It needs to crash first, it will, and it will be ugly. That doesnt mean it isnt the best future tech, but it also doesnt mean you should just buy the dip or even keep your stocks. The next couple of years likely will see 80% wiped out.
dear please consider that AI is not going to benefit the economy in the classical way. because is going to cause layoff, but still will be necessary in every aspect of life. Congrat magnificent analysis!
The AI argument is more complex than presented here. There's the question of where the training data came from - and we're seeing corrections there. Those corrections are having more impact that then the power of the inference engines at the moment. I can see why this is all very important, but equally I get the overvaluation argument. In summary 'Tech Bros' right - it is going to make a huge difference, 'Sasha' right -- its overvalued.
Big cap CEOs ( NVDA) have been dumping shares of their own companies for months. Gee, I wonder why. They know a crash is coming and are getting out at the top.
This bubble may burst but the overall technology will develop iterations. Look at mobile phones and the internet from 2000 compared to now. Would you have invested back then if you saw what the world operates like today?
The Dot Com bubble happened as the technical hype was ahead of the revenue stream ie a timing issue. The world adopted theat tech and we use it today. AI is very similar - hype now but no revenue. Investors want revenue to offset the cost of the hype. Feels very similar now.
@@SashaYanshin Good to know, but are you sure you are not shittalking GOOGL becouse you sold? I was pretty happy with the quarterly earnings and I don't mind GOOGL investing a lot of money into AI.
People are so short sighted and bearish imo. The main value proposition for companies like google is the ability to spy on users and sell information/services to nation states. With AI, they can do all sorts of shady stuff without human beings who may become whistleblowers. Big tech is only getting started. And in the meantime google is also able to make bank via advertising.
Can't see interest rates dropping until jobless figures start taking off. And then we'll see whether these AI LLMs can fulfil their much-vaunted productivity improvement claims. If the jobs market for filing clerks, paralegals and fund managers doesn't look like taking off again, we may be looking at the hype proving itself to be real. My hunch is that it isn't quite there yet and the FANGs are overpriced, but opinions are like... Tech needs a killer app to justify its crazy PE ratios.
