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Known vs Unknown
QUESTION: Since you are probably the first to develop a real AI computer decades before anyone heard of AI, what is your opinion of the future of AI? You have been silent on this trend.
ANSWER: Look, there is a difference between the short-term from a trading perspective and the long-term. ChatGPT is a language-based model like the others. It is capable of amazing things, but when you pull back the curtain, there is still a significant difference between human intellect and machine learning.
Nvidia became the first company to surpass a $5 trillion valuation, as the firm continues to profit handsomely from the AI boom. However, the world's largest company has seen its stock skyrocket by more than 44,000% over the last decade—and its record-setting net worth is greater than Germany's entire 2024 GDP. That said, there is the risk of a short-term high in November. That is set in motion by human emotion – not long-term fundamentals.