Week of February 26, 2024: The Weekly Money Clip Preps You for Financial Insights

[00:00:00] Why did Google Gemini's Bad Week not have all bad news?

[00:00:16] NVIDIA crushes, but can it keep crushing?

[00:00:19] America went to the moon for the first time in decades, but what long-term impact will

[00:00:24] be felt?

[00:00:25] Welcome back to the stock market. Also, the ongoing semiconductor

[00:01:43] shortage continues to impact the automotive and electronic sectors, while chief scientist, BasisTech LLC. Here, he discusses Google's recent technology struggles with its Gemini generative AI system. The system's attempts to promote racial and gender diversity backfired as it provided images of non-Caucasian individuals and females, but failed to deliver images of Caucasian men and European Caucasian popes and other leaders.

[00:03:02] This resulted in outrage and highlighted the challenges

[00:03:05] of creating accurate and respectful AI systems. generate people who were not white. It would very happily generate people who were female. It would very happily generate all kinds of racially diverse groups of people, but it would not generate white men. In some cases, if you is Google and its Gemini generative AI system. I would say that the winner are people who are doing research in the field of AI alignment

[00:05:40] and AI safety because this shows just how difficult a problem this is and why it's a

[00:05:46] serious problem of academic concern. content that is aligned with any kind of objective or subject of a goal, like align so that it's less offensive, or align so it's diverse, or align so it's inclusive, that tends to make the results less accurate among some other measures. So it's a challenging problem.

[00:07:01] It's been a good week for people doing AI alignment and AI safety, and it's been a bad technology. Generating an impressive $22 billion in revenue in the last quarter alone, NVIDIA's growth is unprecedented, reflected in their $1.8 trillion valuation. The company's GPUs are driving this growth, witnessing a significant spike quarter over quarter. With expectations of over $100 billion in revenue and exponential growth rates, NVIDIA is set to continue its

[00:08:24] upward trajectory. or investments on artificial intelligence. And so, Nvidia this quarter did 22 billion in revenue. In all of 2022, they did $27 billion in revenue. So the growth from this company has been substantial and the stock price has gone along with it. It's now a $1.8 trillion company,

[00:09:40] very, very substantial, part of the magnificent seven.

[00:09:44] And I would go as far as to say the stock is pretty cheap

[00:09:46] because they're gonna do over $100 billion in revenue. And that's what we're seeing with AI. And everything we know about AI is for exponential growth. And so the argument from them was that this sort of growth is going to level off to 10 or 15%, which still, considering the size of the scale, is good, but it's nothing like what it's actually going to be. It's going to be 30, 40, 50% in the next year. So if Nvidia grows, their there where I get really in depth on a lot of this and a lot of other names at Mike Lee on the market dot com. Again, Mike Lee on the market dot com. This is Mike Lee for Centerclip. Cheers. Welcome back to number three in our weekly countdown with another opinion in reaction to Nvidia's huge earnings report.

[00:12:21] Scott Stantis is an internationally syndicated editorial cartoonist, senior fellow at the Alabama Policy Institute and co-host of DMZ for Money Clip. Well, Nvidia and other AI earnings went through the bloody roof this week and this continues a trend across tech stocks, especially those immersed in AI technologies. Now is this a good thing or a bad thing? Is this a bubble or not? AI is a thing. AI I've

[00:13:41] talked about in my comic strip, I've talked about it. This is, in my view, a quasi bubble.

[00:15:02] Is it going to like collapse and destroy the economy and drive us into a depression?

[00:15:07] It is not. underestimate AI economy going forward. For Money Clip, I'm Scott Stannis. At number two this week, we address the moon landing and what it means for America. We have two opinions for you this week, with the first coming from Fred Bauer. Fred is a policy analyst and political commentator.

[00:16:22] He has been seen on National Review, Bauer here, and the topic of the day is space exploration. I can't think of a topic that is better designed to bring up the 12-year-old boy in me. I like some science fiction stuff, but I'm just like a huge space fan. I think it's incredibly important for us to do as a society and as a government.

[00:17:41] I think it serves an important civilizational purpose.

[00:17:44] I think one of the great achievements of the space program is underfunded. So I'm glad to see that we're having more interest in it and I think there's more potentially more funding that could be available for it. And I will say one of the great accomplishments I think of the 21st century is of course the growing interest in private space efforts, whether it's SpaceX or something else. And I think those are really important tasks too.

[00:19:01] I mean, I do tend to think that space should potential for new discoveries is boundless, offering insights into our planet, solar system and the universe. As we push the boundaries of knowledge, the impact on future generations could be profound.

[00:20:23] These recent events have reignited a global interest

[00:20:25] in space exploration and a great supporter of the United States and the government as well as private industry remaining engaged in this effort. We have learned so much from our time in space, our efforts in space, from

[00:21:41] the very first to the very last. It is so important. You know, we go on and on about the list is so long about the benefits that we have gotten

[00:23:03] from our efforts in space exploration. wildest guess what we might learn and where it might lead and how it will impact the world and the technology. Just again, the healthcare, the cures, all the positive that can come out of this and how that will impact the world our grandchildren grow up in,

[00:24:21] the knowledge and science and information

[00:24:24] that it will bring to them.

[00:24:26] My parents used to say, to Simpson Garfinkel, Michael Lee, Scott Stannis, Fred Bauer, and Jennifer Horn. For their work and more in real time, please visit Centerclip.com. One topic at a time, leaders on both sides, always under five minutes. That is elevating discourse. Again, Centerclip.com for more throughout the week. We'll be back next week. This has been the Weekly Money Clip.