Mapping out the current state of AI markets by :
"Most value has accrued to the semiconductor ecosystem ($130B+ in revenue this year from AI) and the data center buildout (number of US data centers is expected to double in the next four years). Energy is a legitimate bottleneck to the data center buildout, and hyperscalers/developers are aggressively acquiring real estate with power availability. The cloud companies are at a ~$20B run rate, with Microsoft generating ~$5B of that. We’re seeing increasing interest in AI applications but little large scale value creation yet. The AI app layer will ultimately determine the value of the industry as the current infrastructure buildout will become a bubble without value creation on the back end". Source: @EricFlaningam, Felicis
An increasing number of job cuts are also being attributed to AI in 2024 vs 2023
Source: Markets & Mayhem
TIME's new cover: The 100 most influential people in AI
Note that Elon Musk is missing on this cover page while Scarlett Johansson appears nearby the CEO of Nvidia. Indeed, according to TIME, Scarlett Johansson is more influential in AI than Elon Musk...
Nvidia eyes return to record as AI spending bonanza continues
Source: Bloomberg
14% of PCs shipped globally in Q2 were AI capable
Source: Canalys
Eric Schmidt, ex-CEO at Google $GOOGL, said his former company is losing the AI race and remote work is to blame - WSJ
“Google decided that work-life balance and going home early and working from home was more important than winning” Source: Evan
Is long AI short yen the same trade?
Gray line is 30-year T-bond yield relative to tech 12 month forward earnings yield ratio Dotted green line is EUR/JPY Source: www.zerohedge.com
Walmart CEO on using AI
"We've used multiple LLMs to accurately create or improve over 850,000,000 pieces of data in the catalog. Without the use of hashtag#generativeAI, this work would have required nearly 100X the current headcount to complete in the same amount of time" $WMT Source: The Transcript
