BREAKING: South Korea's KOSPI has crashed -6% from today's high as foreign investors continue to sell ahead of Samsung's earnings report.
Foreign investors sold ₩2,200,000,000,000 worth of Korean stocks today, marking their 11th consecutive day of net selling.
Their cumulative net sales have now reached ₩157.3 trillion ($116 billion) since 2026.
Samsung is set to release its Q2 earnings on July 7, with Q2 operating profit expected to surge 18x.
Is AI really going to replace software engineers?
Yes, AI few years back wasn't this powerful in giving complex solutions. But now, it's at an advanced stage. And once AI adoption peaks, it will definitely reduce the number of hires. Not entirely but there will be hire reduction
Palantir CEO Alex Karp on what customers actually want, the real business of frontier labs, and the importance of open source models:
“What the technical customers want is control over their compute, their models, their data stack, and their alpha. They want to know they own the means of production, and it's not being transferred to someone else.”
"Who owns the data? Are the prompts secure? Is this being transferred to you?"
"If it was so valuable, and I can make you a billion dollars, wouldn't I say I'll make you a billion dollars and I want 30%? Why are they charging for tokens if it's so valuable?"
Also running advanced AI has become way cheaper. Mostly because the software and models have gotten much smarter and more efficient, while newer computer chips make generating every word less expensive. We are getting way more power for a lot less money.
If someone says AI is bad at coding, they either haven't tried the latest versions, or they don't know how to use them properly. The gap between what people think AI can do and what it actually can do is now massive.
@FITEMaharashtra Still the portal is not working. It's really frustrating to see even the basic passbook functionality is now not working. When it will be restored?
@StocksResearch It owns only 51% of Team so the value will be approximately 8k Cr and also it doesn't have the fan following of RCB. Holding co discount of 40% on this will further reduce the value.
Given your limited work experience in the markets, you haven't seen the situation in 1980s and 1990s or even the 2008 crisis.
There is a domino effect in the global economy of commodity shortages like for oil.
Supply side disruption cannot be normalised in a few months.