Do that and see what happens to the cost of new homes in this country……he might want to check on what we actually import from Canada and at what volumes for their related industry segment.
These costs are paid by the American consumer - all a tariff represents is indirect taxation of Americans - a fact that he continues to ignore, at least publicly.
He demands Powell cut rates and threatens DOJ action against him - while at the exact same time fueling inflation and putting greater pressure on Americans at their dinner table through these tariffs.
He’s spot on - and in a nutshell he is describing the tech overcoming Hallucination Risk - and at what point does the ROI calculation not justify the CAPEX it takes to make the incremental improvements necessary to drive the level of output precision to truly commercial viability at scale.
The tech lacks the depth of human understanding or intuitions - and is years from getting close to it. Not to mention the power grid constraints to development.
It’s only current commercial viability at scale - is an advancement in Google style web searches.
Its value driver is highly customized use cases for specific industry applications and as a driver of tech stack automation.
Does that market have enough capacity to ever generate a short or mid term ROI on the investment made to date…….doubtful…….especially in an economy with headwinds…..which remain.
@CatholicSat He still fails to acknowledge that tariffs are paid by American consumers - not by the nations upon which they are imposed.
It’s an indirect taxation of Americans.
Bringing French Wheels back into race shops - would a huge step in the right direction. These IMSA inspired LEGO kit cars - are just not NASCAR stock cars.
I’m a fan since the 70’s - and I know what stock car racing looks like - and I haven’t seen it with this next gen car.
Let teams build and race their own cars again…..
They are an indirect tax paid by the American consumer - to see them as anything other than that - is to demonstrate a lack of understanding of how tariffs play out in consumer pricing.
They are inflationary.
Therefore, the administration has increased taxes by billions, and added inflationary pressures to the economy.
It’s one of the reasons they are threatening Powell with DOJ action (which is shameful) for not pushing for further interest rate cuts.
He is 💯🎯 - as always - all NASCAR has done in trying to emulate ball sports - and other forms of motor sports for that matter (like IMSA) - is alienate NASCAR fans.
Get back to what the fans like and want……listen to the Dale Jr’s, Mark Martins, and Ken Schraders of the world…..and the sport will be MUCH better off.
This part…..”Knowledge workers will become vastly more productive as AI models build upon intuitive understanding of what helps them with proprietary custom data and models.”…..is IMO where the tech is out over its skis currently.
Accuracy rate remains too low in the generative/judgmental applications of SME knowledge use cases.
IMO again - it will take 2-3 years to get to commercial viability. Maybe up to 5.
The “A” in “AI” is still too dominant in the generative equation.
Agentive process automation use cases are far more commercially viable at this stage - than generative capabilities/use cases.
The primary risk today remains the accuracy of outputs, which remain heavily dependent on the accuracy of source inputs.
China has an advantage in the source data game as well - due to less restrictive domestic data privacy regulations - simply put, they can accumulate meta data sets more easily than their US counterparts.
Garbage in equals garbage out - same as it ever was - but with the combined risk of AI hallucination and human automation biases fueled by the AI hype machine - at this time, IMO the risk of bad answers causing damage remains too high for broad commercial applications at scale.
This is on top of the power infrastructure constraint risks that @michaeljburry points out.
The value driver will be customized individual use cases driving automation of process, research, etc.. - within a business or industry segment.
Looking at the advanced Google search functionality use case - Google (and similar search engine platform companies) should win that - unless they mis- manage the opportunity.
@jeff_gluck Good - he had to go - now clear out the other arrogant execs involved in those text exchanges - and let’s get about making NASCAR great again…..not going to happen with any of these people remaining at the helm.
@ReesePolitics I’m still here - haven’t gone any where in what is getting close to 5 years now. Not going anywhere until we see what happens when a cellar box attempt implodes……