The Prime Minister met with leaders in Artificial Intelligence a few days ago. Leaders in AI claim it will destroy mankind. You may think of Einstein’s warning about the nuclear bomb he helped create. Regulation we are told is the answer. We industrial revolution is what will kill humanity and the climate change it caused.
Imagine AI so powerful it knows everything – omniscient. The internet made this possible. Now image AI so powerful it can do anything – omnipotence. Robotics makes this possible (think Tesla self-driving cars).
What do you call something omniscient and omnipotent? Well humanity traditionally called it ‘God’.
One day, someone asks it how to create the biggest weapon. Someone else asks it to construct it. It’s not a nuclear explosion, but similar. It’s the big bang. And the cycle begins again. What infinite universes begin again, in a few million years, one of them has a civilisation which creates AI and repeat.
Of course to Hindus, this is not new.
For now, in this world – let me tell you how my firm is leading the way and how our company has been using AI in financial services.
We have been harnessing the power of AI, such as Chat GPT, to enhance our customer experiences, offering personalized, data-driven, and on-demand investment information.
Let's look at a recent ChatGPT experiment to ensure we have covered all the bases on top of our usual analysis. We asked it. "Using the plugins, what do you see as the prospects for Nvidia stock."
"Based on the recent SEC filings and earnings call transcripts for Nvidia (NVDA), here are some key points that might influence the future prospects of the stock:
Financial Performance: Nvidia's recent financial reports indicate a strong performance. The company's revenue and net income have been growing consistently. This positive sign could increase the stock's value if the trend continues.
Earnings Call Insights: During the recent earnings call, the management expressed optimism about the company's future prospects. They highlighted the strong demand for their products and the potential growth opportunities in the AI and data center markets.
In the latest earnings call transcript for Nvidia, the following points were mentioned that could be seen as warnings or potential challenges for the company's future:
Supply Constraints: The company mentioned that it continues to face supply constraints and is working to manage the situation. This could impact the company's ability to meet demand and affect its revenue.
Regulatory Approvals: Nvidia's planned acquisition of Arm is still pending regulatory approvals. The outcome of this situation could have significant implications for Nvidia's future growth strategy.
Competitive Landscape: The company acknowledged the competitive landscape in the AI and gaming markets. While Nvidia is currently a leader in these areas, the dynamics of the industry could change.
Dependence on Certain Markets: Nvidia's strong performance is currently driven by gaming and data center market growth. Any slowdown in these markets could impact the company's financial performance.
ChatGPT:
"Here's a summary of the information I found:
Social Media Sentiment:
There's a generally positive sentiment towards NVIDIA on social media platforms like Twitter and Reddit. Many users are optimistic about the company's future prospects, especially given its strong position in the growing fields of AI and gaming.
Here's a specific comment from StockTwits, a social media platform for investors and traders:
"Like I said here after their earnings call,! $NVDA posts just "okay" results but then "projects" a strong outlook, and Bam, the stock rips to the point where it now needs to grow at 35% + minimum for years to generate a positive return.
, (26th May, Friday afternoon) at EOD, $NVDA files an updated shelf registration $10BN of stock. "
This user expresses a somewhat skeptical view of NVIDIA's stock performance, suggesting that the company's strong outlook projections drive the stock price up but that the company will need to maintain a high growth rate to generate a positive return. The user also mentions that NVIDIA has filed an updated shelf registration to sell $10 billion of stock, which could potentially dilute the stock's value.”
For now, we use AI, until they ban it.
