AI gold rush

[nobody 2,670]

So we may be experiencing a disruptive technology in the form of AI.  

Enterprise SW companies have reported slow downs in subscriptions as large companies assess manpower needs vs AI.  

Similar to when blockchain first came out, everything associated with AI is going bonkers.  Apple just announced new AI features being available on the next iPhones and they're up 10% in two days

Oracle who is making AI data centers reported results and demand is through the roof.

And of course NVDA who makes the premier AI processors selling for 40k a pop are threatening to become the biggest company in the world by market cap.

I certainly think this is a buy the picks and shovels suppliers (NVDA ARM) since who knows how effective this is really going to be in the long run, but signs point to a lot of money to be made on this front for the next few years and if this is a truly disruptive technology like the Internet, the cell phone, or the horseless carriage, there's generational wealth to be made.  Think Google when it ipo'ed.. companies are going to start springing up all over the place. it'll cause a rash of startups and a lot will be trash and it'll cause a bubble, but we're probably about to go for a ride either way.

[Voltaire 5,316]

21 minutes ago, nobody said:

it'll cause a rash of startups and a lot will be trash 

The free sex chat ones

[thegeneral 3,208]

Never too late to get on the NVDA train. All aboard!!!

Keep the pump up!

[IGotWorms 4,058]

So what’s the play?

[nobody 2,670]

Buy Data center stocks.  Buy high performance chip stocks.  Buy stock in companies embracing AI.  

When the AI start ups that don't do anything or have any products start doing IPOs, that's the sign of the bubble being ready to burst.

[Alias Detective 1,399]

7 minutes ago, nobody said:

Buy Data center stocks.  Buy high performance chip stocks.  Buy stock in companies embracing AI.  

When the AI start ups that don't do anything or have any products start doing IPOs, that's the sign of the bubble being ready to burst.

Name a stock not embracing or getting better with AI. 

[thegeneral 3,208]

The chipmakers are the play IMO. Nothing happens without them across the board.

Industry leaders in using AI will also benefit but they need the chips to do it.

The problem there is you are getting in with NVDA and the like after an insane run up. But better late then never.

Or it could all go teets up.

Good luck!

[thegeneral 3,208]

20 minutes ago, nobody said:

Buy Data center stocks.  Buy high performance chip stocks.  Buy stock in companies embracing AI.  

When the AI start ups that don't do anything or have any products start doing IPOs, that's the sign of the bubble being ready to burst.

I bought into a REIT for data centers on this thinking and it’s been solid - DLR. 

NVDA for the chips. Been an absolute monster, best trade I have ever made.

And always have been investing in AMZN, AAPL, GOOG, MSFT because they power pretty much everything tech.

 

[easilyscan 924]

5 minutes ago, nobody said:

Buy high performance chip stocks.

I bought SOXL in my taxable, IRA, & HSA accounts mid 2022 through early 2023. Incredible returns, but only because I was lucky enough to buy near the lows.

The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the ICE Semiconductor Index. The Index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest US listed semiconductor companies.

https://stockanalysis.com/etf/soxl/

Fidelity Select Semiconductors (FSELX) is a less volatile way to play the semiconductor sector. 

 

 

 

 

[nobody 2,670]

53 minutes ago, Alias Detective said:

Name a stock not embracing or getting better with AI. 

ServiceNow

[MTSkiBum 1,620]

There is no artificial intelligence yet, however machine learning has taken off.

My brother and a surgeon are working together on an machine learning  product that has been deployed to a few different surgical centers.  They have not hit the IPO goldmine yet though.

 

It is pretty easy to setup a new machine learning model, the only difficulty the LLM's have is that they need to steal everyones data on the internet. It takes alot of resources to steal that much data.

[MTSkiBum 1,620]

This was the latest incident i read a few days ago, although similar stories of stolen data are non-stop.

 

Analysis by Human Rights Watch found that LAION-5B, a data set used to train popular AI tools and built by scraping most of the internet, contains links to identifiable photos of Brazilian children. Some children’s names are listed in the accompanying caption or the URL where the image is stored. In many cases, their identities are easily traceable, including information on when and where the child was at the time their photo was taken.

https://www.hrw.org/news/2024/06/10/brazil-childrens-personal-photos-misused-power-ai-tools

[GutterBoy 2,899]

This started a few years ago.  Most cloud providers have an AI pitch now.  Many SW providers have AI features, even if it's demoware.  You have to market AI or you're left behind.  My employer is no different.  We were tasked by leadership to come up with 3 new features around AI last year.

Most of it is BS but some will hit, who knows who.

[5-Points 3,526]

Have any of these idiots seen a sci-fi horror movie from the 80's? 

This won't end well. 

[thegeneral 3,208]

30 minutes ago, nobody said:

ServiceNow

The way my company uses this product is total ass. Maybe the dudes working on the tickets know what’s up but from the other side it looks like an Engineer who never spoke to a human made it

[MTSkiBum 1,620]

11 minutes ago, 5-Points said:

Have any of these idiots seen a sci-fi horror movie from the 80's? 

This won't end well. 

AGI(artificial general intelligence) is as far off from machine learning as fusion power plants are from fission power plants.

 

[Alias Detective 1,399]

57 minutes ago, nobody said:

ServiceNow

https://www.servicenow.com/products/ai-search.html?campid=141798&cid=p:platform:dg:b:prsp:exa:Google_GenerativeAI_PRSP_Brand:ams:all&s_kwcid=AL!11692!3!696855515419!e!!g!!servicenow and ai&ds_c=GOOG_AMS_ALL_EN_DEMANDGEN_PLAT_PRSP_Brand_EXA_Generative-AI&cmcid=71700000113321544&ds_ag=ServiceNow+AI_EXA&cmpid=58700008506271684&ds_kids=p77532860304&gad_source=1&gclid=Cj0KCQjwsaqzBhDdARIsAK2gqnfrfZ_OGosS80Dtt9zQpw2eBPjPf_hEf94Oua_HtEU71hwg6Gq3z34aAnqjEALw_wcB&gclsrc=aw.ds

[5-Points 3,526]

10 hours ago, MTSkiBum said:

AGI(artificial general intelligence) is as far off from machine learning as fusion power plants are from fission power plants.

 

For now.

[MTSkiBum 1,620]

1 hour ago, 5-Points said:

For now.

 

What they are working on now is just optimizing pattern recognition and then stealing a whole lot of data to be able to have the data so that somewhere it can find the pattern of how people have answered similar questions in the past.

LLM's only can generate responses from within the data they have been provided.

I read quite about machine learning and AI and from what I read i don't think anyone has started development  in earnest on an AGI project. Anyone saying otherwise is just spewing marketing bs.

[MTSkiBum 1,620]

Reading my posts in here you would think that I hate this technology, but I am very pro machine learning. I think there are tasks that it will be far better at than people ever could hope to be.

I think on the supply chain side it can plan demand and coordinate logistics/inventory better than any human could hope to.

There will be lots of jobs eliminated and it won't be the obvious ones.

[GutterBoy 2,899]

5 minutes ago, MTSkiBum said:

Reading my posts in here you would think that I hate this technology, but I am very pro machine learning. I think there are tasks that it will be far better at than people ever could hope to be.

I think on the supply chain side it can plan demand and coordinate logistics/inventory better than any human could hope to.

There will be lots of jobs eliminated and it won't be the obvious ones.

That's one area that we are looking at, Supply Chain.  Also sourcing, optimizing purchasing.

[nobody 2,670]

17 hours ago, Alias Detective said:

https://www.servicenow.com/products/ai-search.html?campid=141798&cid=p:platform:dg:b:prsp:exa:Google_GenerativeAI_PRSP_Brand:ams:all&s_kwcid=AL!11692!3!696855515419!e!!g!!servicenow and ai&ds_c=GOOG_AMS_ALL_EN_DEMANDGEN_PLAT_PRSP_Brand_EXA_Generative-AI&cmcid=71700000113321544&ds_ag=ServiceNow+AI_EXA&cmpid=58700008506271684&ds_kids=p77532860304&gad_source=1&gclid=Cj0KCQjwsaqzBhDdARIsAK2gqnfrfZ_OGosS80Dtt9zQpw2eBPjPf_hEf94Oua_HtEU71hwg6Gq3z34aAnqjEALw_wcB&gclsrc=aw.ds

Adobe

[nobody 2,670]

5 hours ago, GutterBoy said:

That's one area that we are looking at, Supply Chain.  Also sourcing, optimizing purchasing.

I'd love it if we could figure out how to cut the retards in supply chain out of everyday business

[Alias Detective 1,399]

23 minutes ago, nobody said:

Adobe

https://www.adobe.com/ai/overview.html

 

[nobody 2,670]

59 minutes ago, Alias Detective said:

https://www.adobe.com/ai/overview.html

 

American Electric Power

[Alias Detective 1,399]

4 hours ago, nobody said:

American Electric Power

https://connect.clickandpledge.com/w/Form/a6320b38-fdb8-4ed3-a014-a3d2e81a988b?638217350437444221&_gl=1*tse2te*_ga*NjI5NzM5MTE1LjE3MTg0MTQ3MTQ.*_ga_Z13K416080*MTcxODQxNDcxMy4xLjAuMTcxODQxNDcxMy42MC4wLjA.

[MTSkiBum 1,620]

 

If the below research is reproducible then that means you don't need gpu's for llm's.

 

How much would that hurt Nvidia's stock?

 

https://arstechnica.com/information-technology/2024/06/researchers-upend-ai-status-quo-by-eliminating-matrix-multiplication-in-llms/

[easilyscan 924]

On 6/13/2024 at 7:21 PM, easilyscan said:

I bought SOXL in my taxable, IRA, & HSA accounts mid 2022 through early 2023. Incredible returns, but only because I was lucky enough to buy near the lows.

That certainly didn't age well. It closed at about $61 that day & reached $66 shortly thereafter. Closed under $30 last Friday and it's due for another beating today.

The only smart thing I did was sell covered calls on half the shares with a strike price of $70 that expire on August 23. Whatever I gained on those calls, is minuscule to how much I've lost as it came back down. 

Pigs get fat, & hogs get slaughtered. 

[nobody 2,670]

It appears Wall Street believes we're screwed.