Category: Artificial Intelligence
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Artificial Intelligence Bubble
An opinion from a sleazy but credible market participant. Shkreli draws parallels between the dotcom bubble of the late 1990s and the current hype surrounding artificial intelligence (AI). He believes that the potential valuations of AI companies may lead to a bubble, but the long-term value may come from companies that emerge after the bubble bursts. Shkreli…
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Bianco on Risk
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16B Dollar Bet
Michael Dell’s decision to take Dell private despite significant challenges is discussed. Facing a declining consumer PC business and a plummeting stock price, Dell shifted focus to software and services, investing $10 billion and growing it to $21 billion within five years. However, the market did not share the same optimism, leading to a guttered…
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The Greatest Active Manager Ever
“How a Mathematician Became the Greatest Trader of All Time,” Jim Simons, the founder of Renaissance Technologies and its successful Medallion hedge fund, is profiled. Simons, a mathematician and code-breaker, took a scientific approach to investing, using vast data sets, computer models, and algorithms. His strategies, which challenged traditional intuition-based investing, led to average annual…
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86x Earnings
OpenAI is in talks to sell existing employees` shares at an $86 billion valuation, according to people with knowledge of the matter. The artificial intelligence startup behind ChatGPT is negotiating the transaction, known as a tender offer, with potential investors, said the people, who asked not to be identified discussing confidential information. The company is…
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Tom Lee Says Buy in a Risk Off Environment
Tom Lee shares some insights on the potential impact of the Federal Reserve’s decision to stop raising rates. While some believe this could lead to further stock market decline, Lee suggests it may trigger a risk rally and actually cause a stock market rally. He emphasizes that the Fed’s decision does not necessarily mean they…
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Elon’s All-in
He talks about the progress of the Starship and the challenges of building a rocket twice the size of Falcon 9. He addresses the controversy around Starlink and Ukraine, explaining the reasons behind not turning on Starlink in Crimea. Musk also shares his perspective on the Biden administration and social media platforms, emphasizing the need…
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Bianco Predicts…
The Magnificent Seven stocks (FANG stocks, plus Tesla, Microsoft, and Nvidia) have contributed significantly to the overall market gains. Bianco attributes their success to the hype around artificial intelligence and the rollout of new technologies. However, he also notes that the performance of the other 493 stocks in the S&P 500 has been less impressive,…
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Griffin at Goldman
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Genius, Bond Villain, or both?
OpenAI CEO Sam Altman believes that sustainable improvements in quality of life stem from scientific progress, but stresses the need to manage through the associated risks to achieve that. Implicitly responding to accusations of hypocrisy in support of regulation, Altman asserts that OpenAI supports regulation even in private meetings, and only protests burdensome regulation on small…