Jim Cramer and Carl Quintanilla discussed the August jobs report, its implications for Fed policy and the market, Broadcom's guidance, Trump's economic proposals including tax cuts and Elon Musk's potential role, as well as various stocks, cryptocurrencies, and the start of the NFL season.
"Enterprise bad. Enterprise software and anything AI. But I remember it's a bubble that's bursting, AI, not the chips that make it."
The episode analyzes the implications of Nvidia's record earnings, the factors behind Mister Softee's declining ice cream truck business, and pharmaceutical companies' direct-to-consumer drug sales strategy while also touching on sleep issues and other business news.
"You could think that AI is booming, or you could think that AI is a bubble."
Economics educator Kyla Scanlon discusses the importance of consumer sentiment or 'vibes' in shaping the economy, sharing her insights on various economic trends, policies, and her approach to making financial concepts more accessible.
"Speaking of things people seem to talk a lot about, do you think AI is a bubble?"
A chaotic and unlucky character named Roland finds himself entangled in a dangerous feud between psychotic twin brothers over their father's ashes, leading to a series of intense car chases, violent confrontations, and a desperate search for a kidnapped woman, all while trying to keep the coveted urn safe.
"AI technology."
Jordan Wilson adamantly argues that there is no AI bubble, and that generative AI is the future of work that major tech companies are embracing through significant investments and reorganization of their business models.
"So if you think AI is a bubble."
Charlie Kirk launches a scathing attack on Kamala Harris, blaming her for the recent stock market crash and warning that her potential presidency, coupled with the incompetence of Biden's economic advisors, could lead to an economic disaster that can only be averted by electing Donald Trump.
"Suddenly, tech is crashing and the AI bubble might be bursting."
The episode delves into the concept of 'virtual copies' - AI systems that can replicate the decision-making processes of business leaders, offering potential benefits for efficiency but also raising ethical questions around trust, control, and the future of human leadership.
"What kind of AI technology is involved?"
In this episode, Bill Simmons and guests analyze betting strategies for the Olympics, the potential AI bubble in tech, how the WNBA's rise could reshape sports, and the cultural shift towards uncritical athlete hagiography and overlong entertainment.
"It ties more into AI, which again, tied into conspiracy. So I don't think this is a flip flop necessarily. I think artificial intelligence and generative AI is really fascinating. I also think it's way, way too soon to call the AI boom a bubble. But I think at some point in the next six months, people are going to be opening up the newspaper. They're going to be opening up the front page of whatever news site they rely on, maybe Twitter, Instagram. And the phrase AI bubble is going to be all over the news because the big tech companies are spending so, so much on chips, GPU's and so much on data centers, the infrastructure that spending is running way ahead of revenue. So a couple of data points. One, the information reports that OpenAI is projected to lose $5 billion this year. Meta and Google are spending tens of billions of dollars on AI infrastructure. That's both the chips and the data centers. And if you listen to what the CEO's are saying, they are practically telegraphing that they are spending, quote, too much on AI for the time being. Here's Sundar Pichai, the CEO of Alphabet, quote, one way to think about it is when you go through a curve like this, the risk of under investing is dramatically greater than the risk of over investing. End quote. Mark Zuckerberg quote, I'd much rather overinvest in AI and pay for that outcome than save money by developing more slowly, end quote. What these guys are saying is, hey, investors, don't punish us for spending too much money on AI."
Sam Motamedi, a General Partner at Greylock, shares his insights on the current venture capital landscape, including the frothiness of the seed market, the challenges of Series B and growth rounds, and the importance of balancing founder quality and market potential.
"It absolutely is. A lot of people say that we're in an AI bubble. I just wanted to start we in an AI bubble. And how do you think about the state of AI investing today?"
Gary Marcus provides a nuanced skeptical perspective on the current generative AI hype, highlighting the limitations of language models, advocating for alternative technical approaches and regulatory measures, and encouraging public discourse to build towards genuine artificial general intelligence ethically and safely.
"About AI in 2020 Google pitches media outlets on AI that could help produce news."
Gary Marcus, an AI skeptic, cautions against blindly believing the hype surrounding generative AI models, emphasizing their limitations and potential risks, and advocates for a more nuanced, regulated approach that combines neural networks with symbolic reasoning.
"About AI in 2020 Google pitches media outlets on AI that could help produce news."
The transcript critically examines the AI bubble, warning about overvaluation and drawing lessons from past bubbles while acknowledging AI's long-term transformative potential.
"Is this a bubble, or is AI for real?"
The episode scrutinizes the rise of Sam Altman, CEO of OpenAI, and his ability to leverage connections, make grandiose claims about AI, and evade accountability, raising questions about the hype surrounding generative AI and Altman's true talents.
"Do you think the AI boom is a bubble?"
This episode covers Apple's latest iPad lineup, the evolving streaming industry's bundling and monetization efforts, and a retrospective on the failed Foxconn project in Wisconsin.
"Well, with the power of AI technology."
Covering AI-enabled job scams against graduates and the frenzy of investing in prospective but unproven AI startups, the episode cautions about risks while examining the AI landscape's opportunities and challenges.
"You write that some people are concerned that this frenzy around AI is fueling a bubble."
Chris Dixon, an entrepreneur and investor, discusses his early passion for programming, the centralization of power on the internet, and how blockchain technology can enable digital ownership and community-owned internet services, shifting power back to users and creators, while expressing optimism about the future of blockchains.
"Long history in AI. There was actually an AI bubble, financial bubble in the 1980s, believe it or not."
This episode provides a comprehensive overview of the latest market trends, the launch of the Starknet token, and various news and developments in the crypto space, ranging from NFT projects and investments to regulatory issues and the ongoing stablecoin wars.
"You can see the story of the AI bubble starting to form."
This live episode from San Jose features discussions on the House GOP's Biden impeachment inquiry, California politics with Assemblymember Alex Lee, the state of tech content moderation and AI's political implications with Zoë Schiffer from Platformer, a tech trivia game, and audience Q&A.
"Is the tech bubble back? I mean, have you heard of artificial intelligence? Tell me more. Tell me everything. Yeah, I think we have a new bubble."
In this wide-ranging discussion, the hosts analyze key issues including the All-In podcast's CEO search, the perceived unwinnable nature of the Ukraine war, the commercial real estate debt crisis and WeWork's bankruptcy filing, critiques of Biden's AI regulation plans, and the political shift among some in Silicon Valley.
"Let's transition from one bubble to the most recent bubble. So AI regulation, given the frenzy and frothiness and fear mongering on AI destroying."