The AI 'Investment' SCAM
Anyone paying attention to NVDA?
Yes, they have nice chips. I have one of their graphics cards in my desktop. Nice board. So was its predecessor, also theirs.
That's not the point.
The AI screamfest has been full-on now for a couple of years. The rage over "large language models" (e.g. ChatGPT and similar) is in every column, every piece on CNBC and elsewhere.
The problem, as with all tech hype, isn't "does it work."
It is can you make money at it?
All this large language processing costs money. Lots of money. I don't care how fast or well it functions unless there's a market for it that pays at a rate above you have to spend to build it, train it, monitor it, administrate it and operate it -- including both the human and computer resources.
That's the problem and what's worse is that it is only good at certain things; the trivial task we all undertake every day, driving a car, it is utterly incapable of doing in a reasonably-competent manner at all no matter how much money is spent, and certainly not for as little as is spent on a human driver.
The spike upward when NVDA announced earnings was amusing.
So was the subsequent give-back of all of it, plus a huge dump in the other market indices.
Here it come folks.
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