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Off-Topic Stock Market & Crypto Discussion

561caneforever said:
The job number is complete BS!
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This to me is similar to late 2021 environment; the market should have been hit and hard back then, but it not happen until 2022. If the Fed's number one concern is wages and their contribution to inflation, today's number means higher AND longer. At some point, we are likely going back down, and hard.
 
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At this point, the market is gambling that J Powell is going to reverse course even in light of high employment and inflation numbers. Does Powell have a back bone or is he all talk?
 
mr.h said:
Cathie Woods on AI
ARK's report projects some big numbers: “AI should increase the productivity of knowledge workers more than 4-fold by 2030. At 100% adoption, AI could increase global labor productivity ~$200 trillion, dwarfing the ~$32 trillion in total knowledge worker salaries.”
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Can you give a specific example of how exactly AI increases productivity?
 
CFLCane said:
You'd be surprised how disorganized and disjointed global ocean shipping is. They operate at a windows 95 level of sophistication. Massive gains to be had in routing, rerouting, and reduction of cost.
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The real gains from AI in shipping are more likely from crewless ships. The ship would be managed via Starlink and AI for auto pilot. The ship would get boarded by a harbor/port pilot to get the ships in/out of ports but then be locked down for open ocean navigation. Thus, massive gains in productivity as humans aren't needed. If most captains could be made into port/harbor pilots, the volume of ships could jump by an order of around 60x per day. Smaller ships could be used again to speed up supply chains (not having to wait for larger shipments).
 
CFLCane said:
You'd be surprised how disorganized and disjointed global ocean shipping is. They operate at a windows 95 level of sophistication. Massive gains to be had in routing, rerouting, and reduction of cost.
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okay, let me run with your example. AI deploys super intelligent algorithms that analyzes all available real time data to determine optimum times, routes, carriers, otc.?
 
GladeCane said:
Can you give a specific example of how exactly AI increases productivity?
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Besides for the shipping:

driverless cars could replace uber, lyft, taxi drivers.
ChatGPT could replace most customer service chat agents.
Medical uses are creepy but likely to happen- robots performing surgeries
 
Interesting thing about AI is, the top executives with the highest pay could see a drop in salary. Since they become replacable by anyone who can read the advice on the screen.
 
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TheEye said:
Interesting thing about AI is, the top executives with the highest pay could see a drop in salary. Since they become replacable by anyone who can read the advice on the screen.
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OR top executives could see massive pay increases due to being able to replace humans with AI.
 
TheEye said:
Interesting thing about AI is, the top executives with the highest pay could see a drop in salary. Since they become replacable by anyone who can read the advice on the screen.
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I’ve seen it…soon we won’t need a lot of specific jobs.
 
90scane said:
OR top executives could see massive pay increases due to being able to replace humans with AI.
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Yes. At first. The exec that implements it will want all of the accolades. At some point a board will consider how replaceable, say the CFO, is with some kid fresh out of college. The best part is, all of the lower end examples require robotic automation. Executives and most management decisions require no moving parts.
 
GladeCane said:
okay, let me run with your example. AI deploys super intelligent algorithms that analyzes all available real time data to determine optimum times, routes, carriers, otc.?
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Off the shelf software can deploy algorithms, AI can improve/write them in real time. Where AI really excels is learning legacy systems and software and porting it into new software/systems. Like a compatability bridge. Something that would take engineers and developers years.
 
Muh APPL..:love-heart:

Apple’s earnings were a lot better than they look​

Daniel Howley

Apple (AAPL) announced its Q1 earnings on Thursday, reporting a rare miss on analysts’ expectations, as revenue fell 5% year-over-year to $117.2 billion. What’s worse, iPhone sales, which make up more than half of Apple’s total revenue, declined 8% year-over-year to $65.7 billion.


For any other company, those results would have been a disaster. Just look at Amazon (AMZN), which reported a full-year net loss of $2.7 billion. As of Friday, shares of the e-commerce giant were off more than 4%. Microsoft (MSFT)? After announcing slowing cloud growth last week, its shares were down about 1%. Shares of Google parent Alphabet (GOOG, GOOGL), meanwhile, were off more than 1% after the company reported declining ad sales.

You’d think Apple would face the same kind of reckoning on Wall Street as its peers. But as of noon Friday, shares of the iPhone maker were up more than 3%. The reason? Apple’s report wasn’t as bad as it could have been. In fact, despite a decline in iPhone, Mac, and Wearables revenue, there was good news as well.

The standout from the report was that Apple’s install base now comprises a whopping 2 billion devices. The iPhone install base in particular is at an all-time high, and saw double-digit growth in emerging markets, with CFO Luca Maestri specifically calling out both Mexico and India during the company’s earnings call. And that, he said, helped push the company’s Services revenue to a record of $20.8 billion.

Apple CEO Tim Cook presents the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, U.S. September 7, 2022. REUTERS/Carlos Barria

Carlos Barria / reuters
What’s more, Apple said the number of paid subscribers for its various services topped out at 935 million users. That’s 150 million more than the company had a year ago and four times as many as it recorded five years ago.
 
SpikeUM said:
I have mentioned several times that Green/ESG funds are Wall Street marketing ploys

www.wsj.com

‘Green’ Funds Cost Three Times More Than You Think

Buying an ESG fund is a lot like buying in an index fund. That means investors are paying a lot for the small part that is different.
www.wsj.com www.wsj.com
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www.wsj.com

WSJ News Exclusive | SEC Considers Easing Climate-Disclosure Rules After Investor Pushback

The potential changes come after pushback from investors, companies and lawmakers.
www.wsj.com www.wsj.com
 
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Seaking Alpha:​


Crude oil takes another weekly drubbing as U.S. stockpiles swell​


Energy was easily the week's worst performing industry sector, falling alongside crude oil prices weighed by rising U.S. inventories and fading optimism over the global demand outlook.

Crude stockpiles normally decline at this time of the year, but the U.S. oil market was amply supplied in January, with the inventory build since the beginning of the year totaling 32M barrels and gasoline stocks rising for four straight weeks by a combined 12M barrels.

The latest U.S. data showed a 4.1M-barrel increase in crude inventories for the week ended January 27, as well as weekly increases for gasoline and distillate supplies.

For the week, front-month Nymex crude (CL1:COM) for March delivery settled -7.9%to $73.39/bbl, and April Brent crude (CO1:COM) closed -7.5% to $79.94/bbl the second straight weekly loss for both benchmarks after back-to-back weekly gains.
 
GladeCane said:
Can you give a specific example of how exactly AI increases productivity?
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www.mycomputercareer.edu

AI is improving information technology, with better security.

The whole premise of building and running an efficient system is bug-free code. AI systems are specifically designed for improved productivity by using a series of algorithms that can aid programmers to write better code and overcome software bugs in real-time. AI systems will suggest a pre-designed set of algorithms that developers can use. These are based on their performance to optimize the development time by detecting and eliminating any existing software bugs.

Today’s IT analytics solutions are making use of the full potential that Artificial Intelligence has to offer. Many IT organizations are constantly looking to deliver more efficient services at faster rates. The global AI market is expected to exceed $116.4 billion by the year 2025, and more and more large organizations will implement AI technologies to streamline their own business operations.

Boosting Productivity Through Automated Agility​

IT analytics solutions can proactively look for and identify automation opportunities across an organization’s IT service delivery. It can also align that company’s teams and vendor relations based on their overarching strategic IT objectives. In addition, these resources can help boost their automated agility through enhanced collaboration across IT service departments. With such highly efficient platforms, they can balance agility and security.

Preventing IT Service Disruptions​

IT analytics solutions will utilize AI to prevent any service disruptions. Artificial Intelligence systems will serve as an early warning indicator to all IT platforms that are using it. These will highlight which applications represent the biggest risk of having a major incident, while IT professionals can develop strategic solutions able to reduce or even eliminate the impact on the service.
 
It’s a shame the Powell will associate higher job numbers with inflation, when inflation has been dropping and job numbers rising since peak inflation. He’ll talk the talk and we’ll have to wait for the CPI numbers.
 
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