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Whats yalls thoughts on AI?

7,835 Views | 44 Replies | Last: 5 mo ago by TamuKid
jamey
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6:43p, 4/12/24
AG
Other than the usual suspects to invest in


I've long thought genetics and AI would eventually combine for some of the biggest break throughs in the history of science and medicine. I don't know if that's 2, 5 or 10 years out but the pieces are coming together now

So I'm buying ARKG for the long term
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Ozzy Osbourne
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7:58a, 4/13/24
There's no shortage of startups working on practical applications of LLMs, and I have yet to see one succeed. Use that information however you'd like.
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Complete Idiot
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9:36a, 4/13/24
Do you see how people on this board game markets? To day traders it is not so much investing in good companies as it is about playing the system and gaming money out of it - chart and trend analysis with common patterns that get nicknames predicting this or that.

If you can do that successfully, think about what AI can do? AI managing investments might render all the past indicators invalid as well, new patterns will emerge or perhaps it becomes patternless. But I do think AI managing investments, which has to have been going for a while already, will impact markets somehow.
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halfastros81
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In reply to Ozzy Osbourne • 12:32p, 4/13/24
AG
With regard to managing investments it seems like figuring out how to limit the data that gets searched to good data would be key for AI. Cleaning crap out of data sets seems pretty important. So many dynamic factors enter into it as well . To me it's a tool to help focus human thinking and I'd be afraid to trust it much beyond that. Just a layman's thoughts cuz I know almost nothing about it.

Same goes for broader application I'd think.
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chris1515
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6:03p, 4/13/24
AG
I've wondered what happens when AI starts using quantum computing power?

My understanding is quantum computing is far more powerful than existing technology, so wouldn't that supercharge AI?
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jamey
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In reply to chris1515 • 7:58p, 4/13/24
AG
chris1515 said:
I've wondered what happens when AI starts using quantum computing power?

My understanding is quantum computing is far more powerful than existing technology, so wouldn't that supercharge AI?


I'd like to hear what Roger Penrose would say considering his theory that human consciousness is incalculable and uses quantum effetcs


Physicist and Nobel prize winner, author of some books

Here's a summary of thst book


https://en.m.wikipedia.org/wiki/Shadows_of_the_Mind




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WestTexasAg
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10:01p, 4/13/24
AG
Any smaller AI stocks you guys are gambling on? Obviously, we would have all liked to have bought Nvidia a couple years back. Which stock is next?
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jamey
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In reply to WestTexasAg • 10:36p, 4/13/24
AG
I did not know what smaller AI stocks to buy I'm just using the AIQ ETF that was suggested on this forum recently
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Bird Poo
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In reply to jamey • 4:29p, 4/14/24
AG
jamey said:
Other than the usual suspects to invest in


I've long thought genetics and AI would eventually combine for some of the biggest break throughs in the history of science and medicine. I don't know if that's 2, 5 or 10 years out but the pieces are coming together now

So I'm buying ARKG for the long term


It has a .75 expense ratio.
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RightWingConspirator
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6:51a, 4/15/24
AG
Not sure if it's the worst, but I got stopped out on MSTR at $290 and never got back in.
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jamey
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In reply to Bird Poo • 9:57p, 4/15/24
AG
Bird Poo said:
jamey said:
Other than the usual suspects to invest in


I've long thought genetics and AI would eventually combine for some of the biggest break throughs in the history of science and medicine. I don't know if that's 2, 5 or 10 years out but the pieces are coming together now

So I'm buying ARKG for the long term


It has a .75 expense ratio.


Yeah, not cheap but I'm OK paying someone .75% to do the homework on a bunch of AI stocks. I don't really have the time
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jagvocate
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In reply to Complete Idiot • 8:43a, 4/16/24
AG
Complete Idiot said:
Do you see how people on this board game markets? To day traders it is not so much investing in good companies as it is about playing the system and gaming money out of it - chart and trend analysis with common patterns that get nicknames predicting this or that.

If you can do that successfully, think about what AI can do? AI managing investments might render all the past indicators invalid as well, new patterns will emerge or perhaps it becomes patternless. But I do think AI managing investments, which has to have been going for a while already, will impact markets somehow.
Computer algorithms have been trading markets for 15+ years now.
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Complete Idiot
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In reply to jagvocate • 8:59a, 4/16/24
jagvocate said:
Complete Idiot said:
Do you see how people on this board game markets? To day traders it is not so much investing in good companies as it is about playing the system and gaming money out of it - chart and trend analysis with common patterns that get nicknames predicting this or that.

If you can do that successfully, think about what AI can do? AI managing investments might render all the past indicators invalid as well, new patterns will emerge or perhaps it becomes patternless. But I do think AI managing investments, which has to have been going for a while already, will impact markets somehow.
Computer algorithms have been trading markets for 15+ years now.
Some form of computer triggered automated trading probably is 40+ years on at this point.

At some point it was proven those programs were better than the average human investor, and that also was a long time ago.

I guess it can be debatable what we call "AI", but I was under the belief automated or algorithmic trading of 10+ years ago was based on data fed in by humans, triggers programmed in based on human findings/research/etc.

AI would be something like discovering trends and patterns beyond what human traders key on, maybe that has already happened to but I haven't heard of it but am also admittedly not well versed on the topic.
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jamey
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5:37p, 5/14/24
AG
Penrose may have been right, or at least there's a study that makes it plausible.

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LMCane
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In reply to WestTexasAg • 10:49a, 5/15/24
WestTexasAg said:
Any smaller AI stocks you guys are gambling on? Obviously, we would have all liked to have bought Nvidia a couple years back. Which stock is next?
SuperMicro
Google
Microsoft
Apple
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AnyOtherName
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3:15p, 5/15/24
AG
If Palantir is not the discussion for AI then I don't know what is. Stealing business from those mentioned ^^^

PLTR
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Imsodopey
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8:43p, 5/18/24
AG
Bought a small amount of IONQ. Very speculative. May take several years.
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jamey
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In reply to Imsodopey • 8:45p, 5/18/24
AG
Imsodopey said:
Bought a small amount of IONQ. Very speculative. May take several years.


Good find, quantum computing will be key to things that really make a difference, like pharma..etc.
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jamey
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In reply to Imsodopey • 2:57p, 5/24/24
AG
Imsodopey said:
Bought a small amount of IONQ. Very speculative. May take several years.


I bought in today for long term hold. Theyre definitely at the forefront of quantum computing which seems like it will be huge like AI but its even earlier stage. Competitors IBM are so big already, I don't see as much upside, of course IONQ is probably a bigger gamble too.

I sold some of gains in AI, like MSFT and NVDA to broaden out and diversify my AI portfolio. I got more PLTR and AIQ also
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Imsodopey
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8:23p, 5/24/24
AG
I have put money in SPRX. Actively managed. Aggressive, but not as much as ARK ETF's.

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YouBet
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8:06a, 5/25/24
AG
Becoming a bit more convinced that AI is closer to blockchain than people think when it comes to corporate implementation, anyway. I spoke with a guy this week who works in IBM's AI space. He told me he's met and consulted with 20-25 big corporate companies and not a single one has implemented AI on any kind of scale because:

1. They don't know how to incorporate it with legacy systems.
2. Getting the GPU's to do it.
3. Having the power infrastructure to support it.
4. Data privacy concerns. In order to train the models you have to give it access to data that everyone is hesitant to expose.
5. It's almost impossible to audit because of the dynamic nature of it.

For me, it's going to end up being used for productivity gains, improved search engines (like we see with MS Copilot), and things of that nature. I'm not convinced there is some kind of cancer solving level solution out there.

And as soon as I say that, there could obviously be something announced that we can't foresee, but right now there isn't.
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T Durden
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2:27p, 5/25/24
AG
AMD, Nvidia, Apple, Super Micro, Qualcomm. Flyer on Lenovo.

Also, finding the right software play is the million dollar question. It's the software that will solve the problems.
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bmks270
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In reply to YouBet • 1:25a, 5/28/24
AG
YouBet said:
Becoming a bit more convinced that AI is closer to blockchain than people think when it comes to corporate implementation, anyway. I spoke with a guy this week who works in IBM's AI space. He told me he's met and consulted with 20-25 big corporate companies and not a single one has implemented AI on any kind of scale because:

1. They don't know how to incorporate it with legacy systems.
2. Getting the GPU's to do it.
3. Having the power infrastructure to support it.
4. Data privacy concerns. In order to train the models you have to give it access to data that everyone is hesitant to expose.
5. It's almost impossible to audit because of the dynamic nature of it.

For me, it's going to end up being used for productivity gains, improved search engines (like we see with MS Copilot), and things of that nature. I'm not convinced there is some kind of cancer solving level solution out there.

And as soon as I say that, there could obviously be something announced that we can't foresee, but right now there isn't.


Comments section of this YouTube video are insightful. Seems some tech workers in the comments not buying the AI hype.

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woodiewood
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In reply to jamey • 6:32a, 5/28/24
jamey said:
Imsodopey said:
Bought a small amount of IONQ. Very speculative. May take several years.


I bought in today for long term hold. Theyre definitely at the forefront of quantum computing which seems like it will be huge like AI but its even earlier stage. Competitors IBM are so big already, I don't see as much upside, of course IONQ is probably a bigger gamble too.

I sold some of gains in AI, like MSFT and NVDA to broaden out and diversify my AI portfolio. I got more PLTR and AIQ also
I bought 1,000 shares at $7.75 so I am up a little today at $8.43 but it was up over 19 last Fall, so it could make a run over the next year or so. I wouldn't suprise me that someone like IBM or Musk makes an offer for IONQ in the high teens. Cap is 1.3 B.

I am too heavy in NVDA and NVDL, but will ride them as far as they will go with trailing stop losses to cover 75% of gain.
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TTUArmy
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In reply to AnyOtherName • 7:24a, 5/28/24
AnyOtherName said:
If Palantir is not the discussion for AI then I don't know what is. Stealing business from those mentioned ^^^

PLTR
PLTR looks like it's getting ripe for a bit of a breakout. Since all things AI seem to move markets up and to the right, probably up...up...and away.

Take that stock read with a grain of salt. I'm notorious for seeing potential, buying in, then watching a stock plummet through several floors of resistance...lol.
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TTUArmy
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7:33a, 5/28/24
One other thing about AI, regarding NVDA. I forget which YT channel I was watching but, there was a bit of an expose months ago on some of NVDA's partners; one in particular Coreweave. Not sure if its just a weird business model or if there's some actual shady stuff going on.
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fulshearAg96
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9:06a, 5/30/24
AG
I'm not that familiar with Palantir... Why all the love?
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EliteZags
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In reply to fulshearAg96 • 4:34p, 5/30/24
AG
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fulshearAg96
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9:17a, 5/31/24
AG
Sounds great…. I wonder why it is hoovering around 20$ when the rest of GenAI going thru the roof.
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confucius_ag
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In reply to fulshearAg96 • 9:42a, 5/31/24
AG
fulshearAg96 said:
Sounds great…. I wonder why it is hoovering around 20$ when the rest of GenAI going thru the roof.
It has already had a massive move. Hell, my average cost is $11 and I have bought shares all the way up. I stopped buying when it was above 22.
"Me not know, me not tell, me push button and run like hell."
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Ag CPA
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In reply to EliteZags • 1:15p, 5/31/24
AG
EliteZags said:
17. Nobody knows WTF they actually do.
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EliteZags
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In reply to Ag CPA • 2:17p, 5/31/24
AG
You're thinking of MSTR
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MGS
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In reply to Ag CPA • 2:23p, 5/31/24
Ag CPA said:
EliteZags said:
17. Nobody knows WTF they actually do.
It's classified.
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P.H. Dexippus
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3:56p, 5/31/24
AG
This sums up my thoughts on the matter:
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YouBet
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8:22a, 6/1/24
AG
Here is a more in-depth article on the state of AI.

https://www.wsj.com/tech/ai/the-ai-revolution-is-already-losing-steam-a93478b1?st=9ppgv208w68dt4h&reflink=desktopwebshare_permalink

Headline:

  • Wildly expensive to do it.
  • Not that many use cases for it.
  • Pace of improvement has plateaued already.
  • Slow adoption.

Probably a good time to take profits if you are heavy in AI investment.

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