AI, do you want to ride the wave with me?

Discussion in 'Stocks' started by Zwaen, Oct 13, 2023.

  1. Zwaen

    Zwaen

    Personally, I enjoyed the netflix 'documentary' about Juul. It's fascinating to see how that marketing machine operates. It happened that this morning, I was at the hair salon, and my stylist was raving about ChatGPT. I couldn't help but draw a connection to the cobbler who started investing in stocks, or was it the flight attendant?

    I work in data/AI and occasionally notice that not a word of criticism comes your way. Personally, I see a lot of potential, but I'm fully aware that I could be mistaken, and see many pittfalls and people who just want to ride along for the bucks. So the billion-dollar - or 50 cent - question is... will AI (GANN's) be the start of a disruptive technology or just another hype, boom, bust? Ride it till it's 'trendline' is broken or stay on the sidelines? Crypto/NFT parallels?
     
  2. jnbadger

    jnbadger

    I just saw the Joe R podcast with Sam Altman. I'm not at all a tech guy, but I'm still fascinated. And they're saying GPT4 will be a little less than 1000x the power of GPT3? This absurdly cool, and a little frightening at the same time.

    I also just used chat GPT for the first time the other day and was a bit surprised at how amazing it was.
     
  3. MarkBrown

    MarkBrown

    GPT4 - you can subscribe for 20 a month i code non stop with it now.

    however to get the best use out of it you must first know what you want and be able to accurately define what it needs to write the best code.
     
  4. jnbadger

    jnbadger

    Am I behind the times or what?
     
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  5. MarkBrown

    MarkBrown


    [​IMG]
     
  6. MarkBrown

    MarkBrown

    [​IMG]
     
  7. jnbadger

    jnbadger

    Um, you don't really use anything like that, do you?
     
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  8. MarkBrown

    MarkBrown

    no but it came up with that just from a vague comment and it wrote it in like 10 seconds. now imagine if you spent hours with it.

    [​IMG]
     
  9. jnbadger

    jnbadger

    I think the OP's thinking is more advanced than that.
     
  10. You are confusing the cobbler with the Joe Kennedy shoeshine boy stock tip. I just don't think the hairdresser is the same thing at all. The shoeshine boy was giving Joe Kennedy a stock tip on what to buy.

    There are still a many people in the US that don't use chatGPT. It mostly reminds me of the mid 90s internet when some people would be fanatical about the new technology and some people have no idea what you are talking about.

    eCommerce was a huge hype/boom/bust cycle but also completely transformative at the same time. In 1999 Amazon was $4.70 on the currently adjusted chart. It was hugely over hyped at the time and went down to 50 cents. It was "just" a massively overpriced book store at the time. I think AI is probably even more over hyped than eCommerce was but will be more transformative in the long run. Actually, AI right now is pretty easily the most over hyped thing in my lifetime. The general narrative seems to be we have a clear path to a type of digital, omniscient, being that replaces human work. It is obviously over hyped. Ordering pet food online was what was over hyped in 1999 vs digital omniscient beings.

    I think Sam was talking about 4.5 or whatever comes next after 4 when they said about using less compute.
     
    Last edited: Oct 14, 2023
    #10     Oct 14, 2023
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