AI is already somewhat useful and is being pursued by major tech firms like Google and Microsoft. It is definitely the next stock bro buzzword, but I think it has a chance to become routinely useful. Not sure how it becomes profitable though.
Microsoft is already starting to pitch things like Azure AI and Copilot to organizations. They had an AI demo for my workplace today using mostly standard OpenAI. I was only able to attend parts of it, but the pricing model seems odd for the Microsoft branded stuff so far.
Well, the dotcoms were a bubble but that doesn’t mean the internet didn’t become a huge thing. No question AI will be the future but there could still be a bubble.
Yeah, my company is getting some Copilot licenses to test soon. I don’t see any way that this isn’t ubiqitous in a year or so, it should make it way easier to use Microsoft Office, which already has hundreds of millions of users.
This is exactly correct. At the turn of the century every start up pitch was “Take X and add Internet to it”. Sometimes that gets you petsdotcom (“Dog food but with internet”) and sometimes it gets you Amazon (“Books but with internet”). No one is going to be able to predict the winners and losers of the “Take X and add AI to it” game but the integration of AI into our lives is going to create some very, very big winners.
So, 50% CAGR in share price over the next 5-10 years as revenue and margins explode, followed by a 25% decline when their earnings trajectory normalizes, at which point everyone pats themselves on the back for spotting the scam early?
Cisco, imo. Nvidia has a near monopoly on the sort of flexible GPU processing behind most of this AI stuff that makes it happen. Intel made computers happen, not the internet. Cisco is what made the internet happen.
It’s weird though because Microsoft recently said they are beginning to work on designing their own chips for AI because they don’t like relying on nvidia.
