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LOL
i wouldn't need to speak to a GP or AI if i already had that information , i am quite capable of assessing that myself
( already have urine test strips and a pulse oximeter )
Investing in Artificial Intelligence (AI)
- Thread starter StudentTrader
- Start date
i wouldn't need to speak to a GP or AI if i already had that information , i am quite capable of assessing that myself
( already have urine test strips and a pulse oximeter )
Garpal Gumnut
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Just make sure that when you are in delirium with a high fever that you don’t wrap the urine strips around your finger and pee on the pulse oximeter.
gg
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@farmerge , I reckon 10 years, max.
So_Cynical
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Pretty much all Cannabis doctor consultations are online, CAU is closing their 3 clinics and going 100% online, nothing stopping many GP visits from being online i suppose, one day all doctors will live and work at the beach, i imagine many clinics will soon just need 2 or 3 physical doctors and 3 or 4 booths for online and virtual (AI) consultations.
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Elon Musk: Things are getting weird fast
Twitter CEO Elon Musk provides insight on the consequences of developing artificial intelligence and the potential impact on elections on 'Tucker Carlson Ton...
t.co
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Salute and Gods' Speed
Dona Ferentes
A little bit OC⚡DC
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monetising 101
.
“Consumer internet companies also drove the very strong [chip] demand. Their investments in data center infrastructure purpose-built for AI are already generating significant returns. For example, Meta recently highlighted that since launching Reels, AI recommendations have driven a more than 24% increase in time spent on Instagram”
- Colette Kress, CFO, Nvidia Corp
.
“Consumer internet companies also drove the very strong [chip] demand. Their investments in data center infrastructure purpose-built for AI are already generating significant returns. For example, Meta recently highlighted that since launching Reels, AI recommendations have driven a more than 24% increase in time spent on Instagram”
- Colette Kress, CFO, Nvidia Corp
Garpal Gumnut
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Consider that AI stocks are affected by the future consideration of the stock indices which in turn can be affected by macro issues such as employment figures, inflation and internet rates.
gg
gg
Garpal Gumnut
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firstly a correction. above should be interest rates not internet rates.
To confirm my thoughts on general market themes such as "Jackson Hole" affecting markets, there is an interesting article in the AFR today on just this issue. Sorry it is behind a paywall and I am a little disabled atm and unable to bother copying and pasting. Perhaps someone else could.
https://www.afr.com/chanticleer/nvi...something-is-haunting-markets-20230825-p5dzcv
gg
Dona Ferentes
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Roger, copy that.
. [Nvidia's numbers should have shot the lights out, but didn't]
....
So what went wrong? The answer can be found in the bond market.
The persistent push higher in bond yields that we’ve seen in recent weeks gained more momentum on Thursday night, with the benchmark US 10-year Treasury rising 5 basis points to 4.24 per cent and the two-year Treasury notably climbing above 5 per cent.
Bond markets are nervously/eagerly awaiting a speech from US Federal Reserve chairman Jerome Powell on Friday night at the annual Jackson Hole central banking shindig.
While the US economy seems to be on a path to a soft landing, there are growing concerns that a recent run of solid economic data in the US, and the persistent labour market tightness, could mean Powell tells markets the Fed has more to do.
As Chanticleer had been banging on about, equity markets have been pricing in a sort of Goldilocks combination of rising earnings, AI hype and rate cuts next year.
So the Fed doesn’t necessarily have to raise rates further to cause pain; just keeping them higher for longer in a world where debt levels have doubled since the global financial crisis could cause enough of a sentiment swing.
The two-year Treasuries are particularly worth watching.
As Bank of America’s high-yield credit guru, Oleg Melentyev, pointed out last month, the peak in two-year yields has been followed by some sort of negative credit event on every single occasion in the past four decades, from the collapse of Drexel in 1989, to the bursting of the tech bubble in 2000, to the GFC in 2008. On average, that event appears seven months after yields peak.
“It is rare to have an indicator that works every single time; this is one of those rare instances,” Melentyev said.
Two-year yields were actually a touch higher back in early July, so maybe we’ve already seen the peak. Or maybe it’s still coming. Investors will be looking to Powell and Jackson Hole for some more answers.
. [Nvidia's numbers should have shot the lights out, but didn't]
....
So what went wrong? The answer can be found in the bond market.
The persistent push higher in bond yields that we’ve seen in recent weeks gained more momentum on Thursday night, with the benchmark US 10-year Treasury rising 5 basis points to 4.24 per cent and the two-year Treasury notably climbing above 5 per cent.
Bond markets are nervously/eagerly awaiting a speech from US Federal Reserve chairman Jerome Powell on Friday night at the annual Jackson Hole central banking shindig.
While the US economy seems to be on a path to a soft landing, there are growing concerns that a recent run of solid economic data in the US, and the persistent labour market tightness, could mean Powell tells markets the Fed has more to do.
As Chanticleer had been banging on about, equity markets have been pricing in a sort of Goldilocks combination of rising earnings, AI hype and rate cuts next year.
So the Fed doesn’t necessarily have to raise rates further to cause pain; just keeping them higher for longer in a world where debt levels have doubled since the global financial crisis could cause enough of a sentiment swing.
The two-year Treasuries are particularly worth watching.
As Bank of America’s high-yield credit guru, Oleg Melentyev, pointed out last month, the peak in two-year yields has been followed by some sort of negative credit event on every single occasion in the past four decades, from the collapse of Drexel in 1989, to the bursting of the tech bubble in 2000, to the GFC in 2008. On average, that event appears seven months after yields peak.
“It is rare to have an indicator that works every single time; this is one of those rare instances,” Melentyev said.
Two-year yields were actually a touch higher back in early July, so maybe we’ve already seen the peak. Or maybe it’s still coming. Investors will be looking to Powell and Jackson Hole for some more answers.
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Powell Leans Hawkish, What Now?
Stocks climbed slightly today in response to Fed Chairman Jerome Powell’s speech in Jackson Hole. The address indicated potential actions by Powell and other Fed officials, but failed to provide anything concrete.
The Dow Jones Industrial Average went up by 141 points or 0.4%, even reaching over 200 points at its highest during the session. The S&P 500 increased by approximately 0.2%, and the tech-heavy Nasdaq Composite saw a 0.1% growth.
In his speech at the Jackson Hole Economic Symposium, Powell mentioned that the central bank is "prepared to raise rates further" to ensure inflation reverts to its target of 2%. Reminding the market of his previous year's message, Powell emphasized, "It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so."
Many investors, earlier in 2023, anticipated a U.S. recession and expected the Fed to initiate a reduction in interest rates. Contrarily, in his recent address, Powell outlined two prospective paths for interest rates – either maintaining the status quo or raising them. Powell noted, "Although inflation has moved down from its peak — a welcome development — it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective." Given the significant rate hikes in the past 18 months, Powell conveyed the Fed’s position to approach future actions cautiously.
Although Powell acknowledged the reduction in inflation as a positive shift for the Fed, he emphasized the need for continued progress. Referring to the core PCE inflation statistics, Powell indicated uncertainty in the continuity of these reduced figures and mentioned that there's still a considerable way to go to achieve price stability.
On the topic of inflation reduction, Powell stated that monetary policy would likely have an escalating role, especially as pandemic-induced economic anomalies phase out. Dismissing speculations, Powell reaffirmed the Fed’s dedication to the 2% inflation objective, stating, "Two percent is and will remain our inflation target."
Despite the robust U.S. economy in 2023 posing certain challenges to the Fed, Powell acknowledged that it wasn’t cooling as anticipated. Elaborating on the labor market's dynamics, Powell mentioned its ongoing rebalancing process, with factors like wage pressures becoming moderate.
Stocks displayed volatility post-Powell’s statements, with benchmarks fluctuating. Quincy Krosby, chief global strategist for LPL Financial, commented, “The market could be upset that he didn’t come out and say we’ll be on pause ... the market has been desperate for months and months and wants to declare that the Fed is finished.”
Given the ambiguity in Powell’s direction for interest rates, Krosby highlighted the increasing U.S. Treasury yields as a determinant of market trajectory, with the yield on the benchmark 10-year Treasury note increasing by nearly 2 basis points to 4.253% post-speech.
David Wagner, from Aptus Capital Advisors, noted the speech dampened any hopes for rate cuts by the Federal Reserve in the near future. He stated that investors might have to brace for prolonged higher rates, which could reintroduce the risk of interest rates affecting market valuations. Wagner emphasized, “Powell basically disabused investors that cuts are right around the corner, with ample retread on how far they still are from their price objective.”
Overall, it was a hawkish speech, but not necessarily that surprising. Markets swung wildly intraday but remained mostly unchanged. Considering that the market is currently in a bearish short-term trend, this doesn't bode well for bulls, who were hoping that Powell would spur a sudden bullish reversal with his comments.
Stocks climbed slightly today in response to Fed Chairman Jerome Powell’s speech in Jackson Hole. The address indicated potential actions by Powell and other Fed officials, but failed to provide anything concrete.
The Dow Jones Industrial Average went up by 141 points or 0.4%, even reaching over 200 points at its highest during the session. The S&P 500 increased by approximately 0.2%, and the tech-heavy Nasdaq Composite saw a 0.1% growth.
In his speech at the Jackson Hole Economic Symposium, Powell mentioned that the central bank is "prepared to raise rates further" to ensure inflation reverts to its target of 2%. Reminding the market of his previous year's message, Powell emphasized, "It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so."
Many investors, earlier in 2023, anticipated a U.S. recession and expected the Fed to initiate a reduction in interest rates. Contrarily, in his recent address, Powell outlined two prospective paths for interest rates – either maintaining the status quo or raising them. Powell noted, "Although inflation has moved down from its peak — a welcome development — it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective." Given the significant rate hikes in the past 18 months, Powell conveyed the Fed’s position to approach future actions cautiously.
Although Powell acknowledged the reduction in inflation as a positive shift for the Fed, he emphasized the need for continued progress. Referring to the core PCE inflation statistics, Powell indicated uncertainty in the continuity of these reduced figures and mentioned that there's still a considerable way to go to achieve price stability.
On the topic of inflation reduction, Powell stated that monetary policy would likely have an escalating role, especially as pandemic-induced economic anomalies phase out. Dismissing speculations, Powell reaffirmed the Fed’s dedication to the 2% inflation objective, stating, "Two percent is and will remain our inflation target."
Despite the robust U.S. economy in 2023 posing certain challenges to the Fed, Powell acknowledged that it wasn’t cooling as anticipated. Elaborating on the labor market's dynamics, Powell mentioned its ongoing rebalancing process, with factors like wage pressures becoming moderate.
Stocks displayed volatility post-Powell’s statements, with benchmarks fluctuating. Quincy Krosby, chief global strategist for LPL Financial, commented, “The market could be upset that he didn’t come out and say we’ll be on pause ... the market has been desperate for months and months and wants to declare that the Fed is finished.”
Given the ambiguity in Powell’s direction for interest rates, Krosby highlighted the increasing U.S. Treasury yields as a determinant of market trajectory, with the yield on the benchmark 10-year Treasury note increasing by nearly 2 basis points to 4.253% post-speech.
David Wagner, from Aptus Capital Advisors, noted the speech dampened any hopes for rate cuts by the Federal Reserve in the near future. He stated that investors might have to brace for prolonged higher rates, which could reintroduce the risk of interest rates affecting market valuations. Wagner emphasized, “Powell basically disabused investors that cuts are right around the corner, with ample retread on how far they still are from their price objective.”
Overall, it was a hawkish speech, but not necessarily that surprising. Markets swung wildly intraday but remained mostly unchanged. Considering that the market is currently in a bearish short-term trend, this doesn't bode well for bulls, who were hoping that Powell would spur a sudden bullish reversal with his comments.
Sean K
Moderator
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Anyone developing a list of AI related stocks?
Should probably have a thread in the ASX Stock Chat Forum on this. Will start one if there's stocks to discuss.
The only thing I've seen mentioned in here is by Dona - RBTZ.
Any others directly related to AI?
Should probably have a thread in the ASX Stock Chat Forum on this. Will start one if there's stocks to discuss.
The only thing I've seen mentioned in here is by Dona - RBTZ.
Any others directly related to AI?
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obviously BRAINSHIP
asx BRN
asx BRN
Craton
Mostly passive, contrarian.
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That'll be BrainChip although after a heavy night, one's brain does feel like it's on a ship...
Dona Ferentes
A little bit OC⚡DC
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and likely a competitor ETF down the same theme
ROBO - ETFS ROBO Global Robotics and Automation ETF
Dona Ferentes
A little bit OC⚡DC
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ASX companies .... nearly every outfit claims they're into AI, but is it just posturing, and only an aspect of an evolving business model?
.
sidebar, at a conference today, Cathie Wood had a spot....
"Ark continues to bet that Tesla, via its plans to make its vehicles fully autonomous, remains the best AI play in the world. But while markets have embraced the potential for AI this year, Wood has become more selective in the sector.
Ark’s flagship fund has sold its holding in Nvidia, for example, and Wood has warned Alphabet (owner of Google) faces a classic innovator’s dilemma; the more it expands into AI, the more it threatens its revenue from web search.
She favours companies that are already leaders in a tech field; have real AI expertise and commitment; have strong, preferably global distribution; and have data no one else has. US robotic process automation software UiPath (up 52 per cent this year) is an example, but Tesla is the clear leader, Wood says.
While she concedes the deployment of full self-driving has taken longer than she expected, she remains convinced it will be approved by regulators who are seeing road accidents surge; Tesla’s self-driving tests are running one incident every 3.2 million miles, compared to one per 500,000 miles for the average car on the road. With full self-driving comes autonomous taxis, central to Ark’s bullish Tesla cas
... as time with Wood winds up, I ask her to nominate the big idea that we’re not thinking enough about.
For all the focus on the damage AI could do to civilisation, Wood says we’re ignoring the potential benefits to humanity.
She gives the example of AI providing companionship to the elderly or even younger people; testing is under way to explore the benefits of an AI companion who knows your interests, can converse in topics of the day, and offer support, encouragement and guidance.
“I know it sounds crazy,” Wood says.
.
sidebar, at a conference today, Cathie Wood had a spot....
"Ark continues to bet that Tesla, via its plans to make its vehicles fully autonomous, remains the best AI play in the world. But while markets have embraced the potential for AI this year, Wood has become more selective in the sector.
Ark’s flagship fund has sold its holding in Nvidia, for example, and Wood has warned Alphabet (owner of Google) faces a classic innovator’s dilemma; the more it expands into AI, the more it threatens its revenue from web search.
She favours companies that are already leaders in a tech field; have real AI expertise and commitment; have strong, preferably global distribution; and have data no one else has. US robotic process automation software UiPath (up 52 per cent this year) is an example, but Tesla is the clear leader, Wood says.
While she concedes the deployment of full self-driving has taken longer than she expected, she remains convinced it will be approved by regulators who are seeing road accidents surge; Tesla’s self-driving tests are running one incident every 3.2 million miles, compared to one per 500,000 miles for the average car on the road. With full self-driving comes autonomous taxis, central to Ark’s bullish Tesla cas
... as time with Wood winds up, I ask her to nominate the big idea that we’re not thinking enough about.
For all the focus on the damage AI could do to civilisation, Wood says we’re ignoring the potential benefits to humanity.
She gives the example of AI providing companionship to the elderly or even younger people; testing is under way to explore the benefits of an AI companion who knows your interests, can converse in topics of the day, and offer support, encouragement and guidance.
“I know it sounds crazy,” Wood says.
Dona Ferentes
A little bit OC⚡DC
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Sean, there's a bunch of mining SaaS companies thst are leaning towards incorporating AI in their technologies . Here are a few you could check out.
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I put HYD in the monthly comp a while ago when AI was raging.
Fat lot of good in the comp.
Not forgotten though.
SP worse now too I think.
Totally in the toilet.
www.hydrix.com
Fat lot of good in the comp.
Not forgotten though.
SP worse now too I think.
Totally in the toilet.
Investor Information | Hydrix
Uncover Hydrix's strategic approach to product development, cutting-edge cardiovascular technologies, and dynamic venture portfolio.
www.hydrix.com
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And I thought that i gave the kiss of death to what I have been selecting these last few monthsI put HYD in the monthly comp a while ago when AI was raging.
Fat lot of good in the comp.
Not forgotten though.
SP worse now too I think.
Totally in the toilet.
Investor Information | Hydrix
Uncover Hydrix's strategic approach to product development, cutting-edge cardiovascular technologies, and dynamic venture portfolio.
Dona Ferentes
A little bit OC⚡DC
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some grist to the mill.... Not ASX , and an overview.
.
AI is here. Are you ready?
On Tuesday, Cisco released its new AI Readiness Index. The company surveyed over 8,000 senior executives at global companies with 500-plus employees. A full 97% reported increased urgency to leverage AI for their businesses, but only 14% were ready to do so.
Only 30 or so companies have already successfully integrated AI across all aspects of their businesses, according to Tom Davenport and Nitin Mittal’s new book, All In on AI.
We’ll hear from Davenport, a senior advisor to Deloitte’s AI practice, next week on Global Macro Update. But today, instead of an interview, I’m going to share a bit about how we are looking at opportunities in artificial intelligence.
AI is a catalyst for rapid fundamental change. Harvard Business Review estimates that AI could add $13 trillion to the global economy over the next decade. PwC’s estimate is more aggressive: $15.7 trillion by 2030.
Executives will talk about AI on every earnings call for the next several years. With all the hype, how can you identify the companies truly leveraging AI to maintain a competitive edge?
One way is to look at changes in worker productivity. On its own, today’s level of artificial intelligence won’t make entire companies radically more productive. But companies that integrate AI with their enterprise software and automation will boost productivity to a degree not seen in decades. I call this the “holy trinity of technology.”
The success of businesses will depend on if, when, and how well they integrate the holy trinity. For those that get it right, productivity could soar 40%. This goes for companies in healthcare, financial services, legal services, education, entertainment, manufacturing, transportation, and agriculture. Just about everyone.
Big business has an edge here.
Take law firms, for example. A small firm with one to five lawyers could spend $400 a year for Casetext’s “AI legal assistant” CoCounsel, and the firm might get 30% more done. That’s great, but large, multinational law firms that generate billions in annual revenue won’t settle for a $400 off-the-shelf product. They can afford customized, AI-driven enterprise software to boost productivity.
Multinational law firm Allen & Overy is already doing this. The UK-based firm, which employs over 3,500 lawyers, partnered with Harvey AI to automate some of its legal research and drafting through tailored AI-driven enterprise software. The firm says it’s the first in the world to use generative AI at the enterprise level. Attorneys at bigger firms will become much more productive. (As an aside, I’m not sure that’s such a good thing.)
No one can integrate the holy trinity on that scale without help. This is where facilitators come in…
Facilitators (aka consultants) will lead the process of integrating AI, enterprise software, and automation at most Fortune 500 businesses. Remember, only 14% of large global companies say they’re ready to implement AI, and only 30 or so have fully integrated it. It’s a good time to be an AI facilitator.
Global spending on AI is projected to top $301 billion by 2026, according to Dataiku. Much of that will go to consultants. You can think of them as AI’s “picks and shovels” plays. They’ll make money no matter what.
All the large business consultancies have an AI division. McKinsey’s is called QuantumBlack, and it operates its own in-house AI lab. QuantumBlack has helped clients like Texas energy company Vistra Corp. implement custom AI to improve thermal efficiency, resulting in around $60 million in savings for the company.
It’s also helped the Emirates Team New Zealand build an AI bot that could test new designs by sailing them on the team’s simulator. This helped the team defend its America’s Cup title.
Boston Consulting Group’s GAMMA division helps implement and scale AI solutions. Its clients include fashion retailer H&M Group, which uses AI to better manage its supply chains and predict trends.
Bain & Company offers similar services. So do KPMG, Deloitte, and PwC.
The hurdle for investors is that most facilitators are private companies.
.end
.and, reading that, nobody has a clue, so the consultants will win. - DF
.
Everyone Is Behind on AI
By Ed D'Agostino | November 17, 2023AI is here. Are you ready?
On Tuesday, Cisco released its new AI Readiness Index. The company surveyed over 8,000 senior executives at global companies with 500-plus employees. A full 97% reported increased urgency to leverage AI for their businesses, but only 14% were ready to do so.
Only 30 or so companies have already successfully integrated AI across all aspects of their businesses, according to Tom Davenport and Nitin Mittal’s new book, All In on AI.
We’ll hear from Davenport, a senior advisor to Deloitte’s AI practice, next week on Global Macro Update. But today, instead of an interview, I’m going to share a bit about how we are looking at opportunities in artificial intelligence.
AI is a catalyst for rapid fundamental change. Harvard Business Review estimates that AI could add $13 trillion to the global economy over the next decade. PwC’s estimate is more aggressive: $15.7 trillion by 2030.
Executives will talk about AI on every earnings call for the next several years. With all the hype, how can you identify the companies truly leveraging AI to maintain a competitive edge?
One way is to look at changes in worker productivity. On its own, today’s level of artificial intelligence won’t make entire companies radically more productive. But companies that integrate AI with their enterprise software and automation will boost productivity to a degree not seen in decades. I call this the “holy trinity of technology.”
The success of businesses will depend on if, when, and how well they integrate the holy trinity. For those that get it right, productivity could soar 40%. This goes for companies in healthcare, financial services, legal services, education, entertainment, manufacturing, transportation, and agriculture. Just about everyone.
Big business has an edge here.
Take law firms, for example. A small firm with one to five lawyers could spend $400 a year for Casetext’s “AI legal assistant” CoCounsel, and the firm might get 30% more done. That’s great, but large, multinational law firms that generate billions in annual revenue won’t settle for a $400 off-the-shelf product. They can afford customized, AI-driven enterprise software to boost productivity.
Multinational law firm Allen & Overy is already doing this. The UK-based firm, which employs over 3,500 lawyers, partnered with Harvey AI to automate some of its legal research and drafting through tailored AI-driven enterprise software. The firm says it’s the first in the world to use generative AI at the enterprise level. Attorneys at bigger firms will become much more productive. (As an aside, I’m not sure that’s such a good thing.)
No one can integrate the holy trinity on that scale without help. This is where facilitators come in…
Facilitators (aka consultants) will lead the process of integrating AI, enterprise software, and automation at most Fortune 500 businesses. Remember, only 14% of large global companies say they’re ready to implement AI, and only 30 or so have fully integrated it. It’s a good time to be an AI facilitator.
Global spending on AI is projected to top $301 billion by 2026, according to Dataiku. Much of that will go to consultants. You can think of them as AI’s “picks and shovels” plays. They’ll make money no matter what.
All the large business consultancies have an AI division. McKinsey’s is called QuantumBlack, and it operates its own in-house AI lab. QuantumBlack has helped clients like Texas energy company Vistra Corp. implement custom AI to improve thermal efficiency, resulting in around $60 million in savings for the company.
It’s also helped the Emirates Team New Zealand build an AI bot that could test new designs by sailing them on the team’s simulator. This helped the team defend its America’s Cup title.
Boston Consulting Group’s GAMMA division helps implement and scale AI solutions. Its clients include fashion retailer H&M Group, which uses AI to better manage its supply chains and predict trends.
Bain & Company offers similar services. So do KPMG, Deloitte, and PwC.
The hurdle for investors is that most facilitators are private companies.
.end
.and, reading that, nobody has a clue, so the consultants will win. - DF
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