03-09 Politically Incorrect Daily

Political Memes and Funny Pictures

vegan chase down ice cream truck
mini guillotines 90s 00s classrooms
dont drink get drunk inner demons peace
sticking diet goals girl scouts fck you are
peg al bundy love hooters ass silver tongued note
rollercoaster summer 2019 rest of our lives
capitalism without government with price of cocaine weed
joe biden grim gaslighter state of union democrat policies
joe biden card reading white supremacy threat border crime trafficking
mj before public school after them j
message tied bench remember outlawed fresh air sunshine cared about health
woman prefer men non liberal already pssy dont need another one
biden sotu russia krushchev get off my lawn

The Irrational A.I. Hype Continues

wall street pump and dump scheme graph

Wall Street moves in pump’n’dump cycles. If you ever watch financial channels, you’ll see them regularly shift to pumping certain types of investments until they reach irrational bubble levels. Then, they’ll find a reason to jump ship, initiating the “dump” phase. The latest is artifical intelligence. The majority of the recent stock rally has been made up of gains in the so-called Magnificant Seven, largely all AI-focused. Nvidia, a maker of AI chips, is the biggest winner. This company, who much of the country hasn’t even heard of, now has a market cap of Wal-Mart, McDonald’s, Chevron, Costco, Cisco, and Coca-Cola COMBINED!!! In other words, if you owned 100 percent of Nvidia’s stock, you could sell it and buy all those companies in their entirety at current prices. Sound rational to you? Investors are selling stocks of food, oil, utilities, and entrenched tech companies to buy into the AI hype.

This reminds me when during Covid pump’n’dumpers drove up share prices of Zoom ($559), Peleton ($160), and Pfizer ($60), among others. Those stocks are now worth roughly $68, $5, and $25 per share. Hundreds of examples could be cited from the tech boom of the late 90s. Even Cisco, a maker of critical equipment for the burgeoning internet, was insanely overhyped. The stock was driven to about $80, and the company became the most valuable one in the world. Despite still being an enormously successful company, the stock now trades under $50 about 25 years later, or about 1/10th the size of Nvidia in total market cap. AI is important–no doubt–but we’ve had artificial intelligence forms for decades. We’re simply adding more inputs & faster processing. If you’ve used Siri or Alexa, you know the experience. A lot of what AI can do is cool, but so much of it is still demonstrably flawed and can easily be thrown off by the most basic queries any average human could solve. Think about the disastrous launch of Gemini by Google. This is a company with more data collected than any other in the world. Plus, it’s been the most sought after tech company to work for the past decade, so they’ve had their pick of the best I.T. minds in the world. If the best tech minds with the most data produced the dumpster fire that is Gemini, can we maybe say the hype is getting a little overdone?

x ai artificial intelligence chess moves breaks finger
x musk woke club gemini ai chatgpt mainstream media grok

Social Media Posts of the Day

x state of union recap old man yells at america
x mainstream media truth prostitute for love not their job
x croooked politician calls traitor programs revealed unconstitutional treason crime
fb seinfeld gym mandelbaum

Quote of the Day

quote the science cant challenge what said today hold accountable changed

Message of the Day

message modern democrat party pro war cia fbi spying censorship imprisoning opponents

Other Links That May Interest You

Just for Fun/Non-Political Meme Gallery 15
Libertarian Meme Gallery 7
Lisa Simpson Instructional Messages Meme Gallery
All Political Meme Galleries
Daily Meme Posts

2 thoughts on “03-09 Politically Incorrect Daily

  1. The greatest threat of AI is every email, every pop-up, every sidebar ad on my screen trying to sell me something I already bought off of Amazon last week.

    • We used to say love cools beauty fades, but herpes is forever.

      You see an ad that looks cool you open it up do a few searches for more information decided not for you and for the next six months 30% of the pop-ups are on that product.
      It’s like you’re being stalked.

Leave a Reply

Your email address will not be published. Required fields are marked *