Scottish Mortgage Invest... Share Discussion Threads

[loganair] 05/4/2024 11:06

Nvidia doesn't actually make anything and all I'm ever hearing is the current share price is well over hyped and at some time in the future likely to fall in a similar way to Tesla.

More and more I'm having to conduct dealing with businesses via AI and almost every time in the end I need to get hold of a real person to chat with to sort out the problems that the AI has caused.

I have absolutely no faith, ZERO faith what so ever in using AI.

[quepassa] 05/4/2024 11:06

Hi Logan,

You tend to have extreme or polarised opinions.

AI and ML are all part of the Tech Age which will increasingly pervade everything we do. AI is not going away.

It's the natural extension of microchip development. For decades we have had chips which needed instructions. Now they can think for themselves.

It's now getting to the point where growing numbers of people prefer and rely on talking to Artificial Intelligence chatbots rather than human interfaces in many cases.

I tried an experiment.

I put your second paragraph into the Google AI Chatbot called Gemini (recently renamed from Google Bard).

This is the response it gave me in a nano-second.

Pretty impressive and a good answer from Gemini:-




"I understand your frustration. AI is a powerful tool, but it does have limitations, and it's important to have realistic expectations. Here's a breakdown of your points:

Useless and Not Fit for Purpose:

AI excels at specific tasks where it can crunch vast amounts of data and identify patterns. It can be a game-changer in

Recommender systems (think suggestions on streaming services)
Fraud detection (flagging suspicious credit card activity)
Medical diagnosis (analyzing scans for abnormalities)
However, AI might struggle with open ended tasks or require constant human supervision in creative fields.
Never Learns:

Machine learning is all about learning from data. AI can improve its performance as it's exposed to more information and refines its algorithms.

Admittedly, there can be limitations

Data Bias: If the training data is biased, the AI will inherit that bias.
Limited Learning Scope: Some AI models are very good at one specific task, but struggle to adapt to completely new situations.
Machine Learning Hype:
There's definitely a lot of excitement around AI, and some claims might be exaggerated. It's important to focus on the real-world applications that are already making a difference.

Overall, AI is a powerful tool with immense potential, but it's still under development. Let me know if you'd like to explore specific examples of where AI is being used effectively, or areas where it has limitations."



Good Luck.


ALL IMO. DYOR.
QP

[bmel] 05/4/2024 10:54

I guess you do not know very much about Nvidia.

Youtube has a video of Jensen Huang's speech at the recent Nvidia developers conference. It is close to 2 hours but gives a stunning insight to the range of organisations that are using Nvidia kit is AI applications.

You might think it is completely useless, but there are a large number of very large companies investing very very very large amounts of money in this space.

Maybe they have a better insight as to the scale of impacts this technology is already delivering, and this is still very early days.

[loganair] 05/4/2024 10:42

QP - And this time next year Root inc share price will have fallen by 50% to 75% compared to the $66.75 it is today.

My experience of AI, is it's completely useless and is not fit for purpose and definitely never learns. All this Machine Learning is just hype and a complete fallacy.

[lord loads of lolly] 05/4/2024 10:27

jockthescot75 - quite! And I've now re-filtered him.

I removed the filter for a while to see if things had improved, but I guess a leopard never changes its spots.

[quepassa] 04/4/2024 18:59

Six weeks ago on 21st. February the stock price of Root Inc. was US$8.67.

Today the price is $66.75

+700% in six weeks.

NASDAQ:ROOT

Redefining car insurance by Machine Learning and AI

[jockthescot75] 04/4/2024 18:50

He's a bit of a stubborn prat LLL. I'd just filter him.
Let's concentrate on SMT.

[quepassa] 04/4/2024 11:03

Six weeks ago on 21st. February the stock price of Root Inc. was US$8.67.

Today the price is $66.75

+700% in six weeks.

NASDAQ:ROOT

Redefining car insurance by Machine Learning and AI

[lord loads of lolly] 04/4/2024 11:00

quepassa - every time you re-post the same thing, I'll be asking the same question:
And Root’s exact relevance to SMT is?

I'd give up if I were you.

[quepassa] 04/4/2024 10:28

Six weeks ago on 21st. February the stock price of Root Inc. was US$8.67.

Today the price is $66.75

+700% in six weeks.

NASDAQ:ROOT

Redefining car insurance by Machine Learning and AI

[lord loads of lolly] 04/4/2024 09:53

quepassa - I repeat - and Root’s exact relevance to SMT is?

[hazl] 04/4/2024 08:06

Please don't sell Space X!


This will be the first commercial space walk!

'
SpaceX
@SpaceX



The Polaris Dawn Dragon is headed to vacuum chamber testing! SpaceX teams celebrate Dragon's departure with


@rookisaacman
, @KiddPoteet
, @Gillis_SarahE
, and @annawmenon
ahead of launching to orbit this summer

[hazl] 04/4/2024 08:05

Well spotted Que did you get in early?

[quepassa] 04/4/2024 06:28

Six weeks ago on 21st. February the stock price of Root Inc. was US$8.67.

Today the price is $66.75

+700% in six weeks.

NASDAQ:ROOT

Redefining car insurance by Machine Learning and AI

[lord loads of lolly] 03/4/2024 23:05

quepassa - and Root’s exact relevance to SMT is?

[quepassa] 03/4/2024 19:19

Six weeks ago on 21st. February the stock price of Root Inc. was US$8.67.

Today the price is $66.75

+700% in six weeks.

NASDAQ:ROOT

Redefining car insurance by Machine Learning and AI

[hazl] 03/4/2024 16:10

Abnd the market changes it's mind and fights back.

[hazl] 03/4/2024 09:21

Taken, in part, from another RNS of an interested party, this shows what incredible investments we have.
Any weakness shown in share price terms is purely down to the geopolitical effects everywhere presently in my opinion.
No less real of course, but I don't believe ought to be misconstrued, as the SMT failing to deliver.
It has cherry picked cutting edge technologies, some privately owned but could well be publically listed one day.



'On the 4 March 2024, SpaceX launched 53 payloads on the Falcon 9 Transporter-10 smallsat rideshare mission, SpaceX's first rideshare mission of 2024. This was the tenth dedicated rideshare mission organised by SpaceX. This mission included four Spire Global satellites ,which were launched to enhance global coverage for Myriota, and Hubble Network.
The satellites will provide secure, low-cost and reliable IoT connectivity, improved security, faster data access and enhanced device control capabilities. ICEYE has already made significant strides in satellite deployment, with 34 SAR satellites launched since 2018. The latest launch was a success with successful communication establishment made with all three ICEYE SAR satellites launched. Ubotica Technologies successfully launched its ground-breaking CogniSAT-6 mission. CogniSAT-6 will revolutionise earth observation by providing actionable live earth intelligence for real-time decision-making. '

Thanks to Seraphim.


IMO

[lord loads of lolly] 02/4/2024 14:59

septblues - looks like we're broadly in agreement then, which is always good!

NAV discounts may also have narrowed on other ITs recently. But not, I suspect, to anything like the extent - or with anything like the speed - SMT has.

Check out the sudden peak from mid-March 24 (when Elliott vastly increased their holding) on the Premium/Discount graph here: www.hl.co.uk/shares/shares-search-results/s/scottish-mortgage-it-plc-ordinary-shares-5p

[septblues] 02/4/2024 12:32

LLL
Yes, that's what Investment Trusts are supposed to do - buy shares when discount merits it and sell when premium merits it. They're using the company's cash to buy underpriced or sell overpriced assets (according to the market).

Other investment trust's discounts have also reduced in recent times

I agree SMT managers should take a longer term view on unlisted holdings and not yield to short term pressures.

SMT managers have a better view of NVidia than I.

[lord loads of lolly] 02/4/2024 12:05

septblues - I don't see it that way (for now at least).

Elliott's stakebuilding has given SMT managers a bit of a wake up call. Before Elliott's intervention, the share price was languishing below £8.00. In just a couple of weeks, the discount to NAV has significantly narrowed as the share price has risen nearer to £9.00.

Sure it'll fluctuate. But the turbo-charged share buyback would almost certainly not have happened without Elliott's intervention (it hadn't, on anything like this scale, previously). And it's largely that buyback that has driven the share price higher.

Providing SMT managers stand their ground on the unlisted holdings, I'm currently quite relaxed about Elliott's shake up. Particularly if it means selling part of their Nvidia stake to fund future buybacks.

[septblues] 02/4/2024 09:01

at some point in time they will want to decrease
Boards are now better briefed and armed on how to deal with active shareholders whose techniques are now public domain and in text books. It's not rocket science. In this case they are using our money to buy our shares like US Corp buy backs.
Elliott should return to the swamps of Florida and practice their art there.

[lord loads of lolly] 01/4/2024 09:53

septblues - agreed. The question is whether they intend increasing from 5%. And we probably won’t know the answer to that unless/until they actually do it.

[hazl] 01/4/2024 09:21

Following my post 3436 on 19th March we have this acknowledgement in the Guardian of just how cutting edge this stuff is.

It is the start of a comletely new revolution I believe.
The next sea change to the internet.
A progression if you will.