When I mentioned that Wendys is trying something compelling, a test to see if AI can beat people at ordering, people nodded but weren't the least bit curious, which confounded me because it is such an analog for things that could really be meaningful. ![]() But even simple things like call centers, of which many companies have, were reviewed as legacies that can't yet be abandoned, in case there are flaws. Even here I detect more of a cautious curiosity than a certainty, because no one can figure out who's newly dead wood. These companies don't want to have to fire people who aren't needed when the enterprise figures out who is newly superfluous. We did learn from Ernst & Young CEO Carmine Di Sibio, my friend in real life, that many companies are pushing back start dates or are not making offers to young people until they know if AI can do a better job than a person. Companies are more cautious about hiring. They don't know what "it" exactly is, but they aren't going to let the other guy beat them at it. More broadly, why is there such a rush to spend real money with AI's big four? I think it's because every company is fearful that the other companies that they compete against might be using it to their advantage. Though, I do think Club name Salesforce (CRM), perhaps through the dint of CEO Mark Benioffs's friendship with OpenAI's Sam Altman, does have something more additive than the analysts think. It sure made me want to pull the file and dust it off. There's lots of jockeying about who has the most to offer, though, and the one that kept surprising me was a faith in Oracle. ![]() The edge consistently went to Microsoft in the discussions, mostly because of its relationship with OpenAI and its ChatGPT offering. Everyone else seems to be wondering if they should be hooked up with Oracle (ORCL), Alphabet (GOOGL), Amazon (AMZN) or Microsoft (MSFT) – the big four of the tech giants filled with AI wisdom. He's reviewing every department and is expanding his margins by having machines replace people – and it's working. CEO Nikesh Aurora is using AI to find out who simply isn't necessary, or who can't do the job as well as the machines. But only cybersecurity Club name Palo Alto Networks (PANW), a company not at the conference, seems to have a plan that's working now. Every company's CEO is ripping through the org chart, frantically trying to figure out how to use AI for creativity and profit. But I pulled myself back from that level of skepticism - nihilism, almost - because there are just too many people trying to put it to work that there has to be something there. ![]() There were some moments - at a cocktail party, grazing at lunch, setting up for one of our live broadcasts - that I actually found myself wondering: Could it actually be that much ado about so little? Given the significant AI-related gains we've seen from so many stocks, big and little, I sure hope not. The chipmaker hit a $1 trillion market cap at the start of trading Tuesday, following last week's jaw-dropping earnings beat and guidance raise. Oddly, even though everyone has been saying they have been using AI for years, this version - generative AI - is so novel that people were all shocked that Club holding Nvidia (NVDA) would have so much business, given that no one can figure out what it might mean, or how to use it in a practical setting. Think of them as takeaways to inform your investing decisions in the days and months ahead. Here are some of the other impressions and observations from my time on the West Coast. Personal Loans for 670 Credit Score or LowerĬoming back from CNBC's conference with CEOs last week in Santa Barbara, Calif., I came away with two main thoughts: Artificial intelligence (AI) is by far the most important topic of conversation regardless of the forum or the party and no one has the faintest idea of how to make money with it. Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |