Let’s start this shift off here.
Otherwise known as consultants (people who can’t find a job ).
That’s fine. They need work. Let them work from home. Data centers mean data. These folks will pay to monetize that data and put food on their table. Good for them. Not all will succeed but some will. The AI economy seems to me to reflect a mutating service economy, with some real innovation taking place.
Case in point: CHINESE AI STARTUP CLAIMS IT CAN TRANSLATE PETS’ SOUNDS WITH UP TO 95% ACCURACY.
You heard it from me first here …two years ago. Course I didn’t bother my ass trying to do this and making a mint.
To be fair, consultants provide blame shifting / fall-man-as-a-service.
Company management says “but the consultant told me so” and suddenly it’s no longer management’s fault
Well I get that part. But when times are hard to find a job you’ll find the number of ‘consultants’ rises rapidly. Been there myself !
Money Expert: This Wealth Setup Only Happens Once…And It JUST Happened Again! | Chris Camillo https://www.youtube.com/watch?v=C-EyESBKImI
Chris Camillo, thank you for coming on the Ice Coffee Hour. Happy to be back.
So what’s interesting is that you were right about Amazon in our last podcast. It’s since been up about 30 to 40%. You were right about Bloom Energy. You called it around $60. It hit $300. You doubled down on Robinhood at $38. I’m really curious, how much money did you make from those trades?
They were probably three of the biggest trades in my life. It was eight figures between the three and it’s been the best few months that I’ve had in 18 years. So it’s been big.
Eight figures.
Oh yeah, definitely eight figures off the three trades. I think Amazon was an eight-figure trade alone. Last time I was on, I told you I was doing this. I’ve been waiting for this trade for years. I’ve been waiting for this trade for over a decade. And I always say having a prepared mind is one of the most important things an investor can do because it’s usually during the years when there aren’t any high conviction trades like that that you have to prepare yourself to make the move when one comes around. And so I’ve been waiting for it.
Think that Amazon is the ultimate beneficiary of the AI efficiency wave because it wins with AI now four ways. So Amazon obviously owns AWS, which is the infrastructure layer for artificial intelligence, one of the big four. It also owns Trainium, which is one of the largest AI chip companies in the world now. And that actually makes AI compute cheaper for all of Amazon’s customers and indirectly adds a level of stickiness to AWS. So it really helps them there.
But with the AI efficiency wave, Amazon retail, which is all the products they sell, is going to benefit massively due to Amazon’s use of AI internally to bring efficiencies to logistics and to the entire shopping process. And fourth, most people don’t understand this, but Amazon has now become the third largest digital advertising company in the world behind Google and Meta. And they’ll be able to leverage this AI during this efficiency cycle to help target ads better to enhance the creativity of advertising and then also to personalize those ads which I think is going to generate more revenue for Amazon while also saving them and their customers money. So with Amazon, it’s not a single bet on AI.
+++++
small account
You can’t replace a data centre with anything except a better data centre.
The analogy isn’t great. Data centres will be hooked up to power and water they will need to replace/upgrade the servers regularly.
And it’s still cheaper to ship goods on water.
I mean, you kinda can. Like, if the datacenters are predominantly for AI, there’s an underlying assumption that the future of AI is massive models that have to be hosted on them. I’m not totally sure that’s the future – maybe we all end up with “edge” AI on our phones and PCs instead. Sure, there’ll still be datacenters for training, but not as many as are being planned. No-one really knows where either the tech or the usage are gonna go yet.
Not a believer in that. Maybe just basic stuff only.
I’m not sure either way yet. I do think it’s worth noting that AI-on-your-phone is already a thing for stuff like transcription, intelligent search, and other things that people were previously using big models for. Also the rapid proliferation of OpenClaw running on Mac Minis. And that small focussed models are a really hot research area right now.
There will definitely be areas like research that really benefit from big smart models, but what percentage of AI use needs that? Maybe not as much as we thought a year ago.
We’ll see!
Yeah I think “small focused model” is going to be a big deal. For a while, anyway.
For example, China hires people to fold laundry or load a dishwasher while being “recorded,” stores the data, and trains robots on it. Obviously not dependent on LLMs.
Taiwan overtakes India in stock market value, powered mainly by a breakneck rally in the world’s largest chipmaker TSMC. Read more: bloom.bg/4drS4Ug
We hear a lot about TSMC and no doubt they are super important but there’s probably a dozen or more very large electronics companies rocketing right now due to their supply chain positioning. Taiwan is the country that is benefiting the most economically from the AI boom worldwide .
TSMC accounts for close to half of the total value of the TAIEX. Crazy
AI says…generated on TSMC made chips no doubt…
Interestingly I still think their stock is a buy, the demand is still going up due to the need for more CPUs as well as GPUs and TPUs. Also they still have a lead in CoWoS. I see TSMC being the hardware backbone and Google being the main beneficiary on service side.
Taiwan Semiconductor Manufacturing Co. (TSMC) accounts for over 42% of the Taiwan Weighted Index (TAIEX) and 58.33% of the MSCI Taiwan Index. This heavy concentration reflects the chipmaker’s massive market capitalization and its central role in the global artificial intelligence boom. [1, 2, 3, 4, 5]
Key Weightings and Market Details
- TAIEX Weighting: TSMC makes up roughly 42% to 43% of Taiwan’s primary benchmark index, making it the primary driver of broader market performance.
- MSCI Taiwan Index: Within the MSCI Taiwan Index, TSMC has an even larger footprint, representing 58.33% of the index’s value.
- Global Standing: TSMC’s massive rally has helped push Taiwan’s total equity market capitalization to approximately US$4.95 trillion, making it the fifth-largest stock market in the world, trailing only the US, China, Japan, and Hong Kong
Easy money.