One thing I know… they didn’t develop that llm for $6 million… I don’t buy that number for a split second… maybe on SW dev but they have way more $ in hardware than $6 million…
Also, the market already rebounded as mentioned above.
Do you think it’s not a coincidence that they put that story out on the same day the President took office…?
Jobs - designed/conceptualized apple products, but did not code software or engineer hardware
Altman - money and connections to get high executive positions, became an investor of products
Altman cofounder Loopt, an app that was never commercially successful but was bought nonetheless. He’s is an investor. A good one. But used his influence to get high seat positions for which he turned into a salesman
Good at obfuscating and not answering questions, ( understand when folks don’t have much to stand on they allude to personal attacks, “Altman a grifter etc.) well Gates major shareholder and former CEO of Microsoft which by the way Microsoft is an investor in and partner with OpenAI which Sam Altman ( " the grifter” as you put it,)is CEO of, has said AGI will be transformative and not too far away in the near future. Like this or next year as Sam Altman has said, along with others in the field of AI development…
Do you? Artificial General Intelligence, intelligent enough replace human as a workforce, like the paralegal staff in your firm, you don’t need any longer or need not as many, those lab workers in the hospital to interpret medical data X-rays, MRI, lab test etc. you don’t need any more or not as many. That’s what it means. It means a lot of folks out of a job then when ASI happens essentially you will have AI propagating AI models writing their own code without any human assistance Machine making machines. ASI will be more intelligent than PH.d on subject matter. Teach a Ph.d a thing or two . Imagine an intelligence that is more intelligent beyond all the Genius’s mankind has produced throughout its history. That’s what it means It’s called the singularity That’s why this race between America and China has immense geopolitical repercussions. That’s why the Chinese have stolen OpenAI algorithmic code to ChatGPT and when you ask deepseek what is it, it says I’m ChatGPT
Hope the data from the remaining days in the quarter turn that projection around.
Implementing a tariff policy now, and not just bluffing, could make it worse.
Throw in an additional 1 million federal workers to be added to unemployment
counts and it adds fuel to GDP contraction.
Be interesting to see how the markets react to all this in coming weeks.