lt cap,
I agree entirely. I'm sure I've posted this before, so forgive
me: A close friend, an expert in AI, contends that it will not be
long before a computer with sufficiently high AI will be able to do
anything a human can do (including art: painting, poetry, etc.)
'Our Final Invention' by Barret makes a pretty strong case. 'Rise
of the Robots' (can't recall the author) speaks to how the owners
of the automatons (the 1% if you will) will become increasingly
more wealthy, rather than spreading the $ around, and perhaps sets
the conditions for revolution as the gap between haves and
non-haves gets dizzying. Good thing that 60 countries are
reseraching autnomous battlefield weapons - one way to cut down a
murderous mob.
And on a different topic, I know you all know
this...but.....Jester's and lt caps observations about both how
earnings reports are cautionary and how real GDP keeps falling far
short of estimates (warnings from both in the US - .5% GDP growth,
and IMF or whoever looks at World GDP cutting back estimates) are
important long-term indicators of what we're probably in for. Not
that this is any different than other times - but the market seems
to keep 'dithering' on the news of the day, if not the news of the
hour - Oil is up, the market gains 200 points - Oil price is down,
it loses it back. Attenion span of a guppy. I hope to God our play
on the optical network sector comes to fruition before the party is
over. I have read some stories that suggest a recessive market may
well open up price wars - let's hope not.
And on a different topic - I cannot believe how negligent I was
on not monetizing my strong opinion that in graphics cards, Nvidia
was eating the only competition - AMD's lunch. AMD was playing
desperate catch-up, re-branding cards with the same architecture.
And not doing well at it. I looked at NVDA in the low 20's. It is
now above 40. And on May 27th, NVDA will begin shipping its
smaller-die Pascal architecture cards. Too stupid to act on the
implication of one's own words? Well, hope there's another bus
coming in 20 minutes.