The most important 1:21:14 of your week
Welcome to AI Collision 💥,
In today’s collision between AI and our world:
- 1:21:14 of the AI future
- Kiss your passport goodbye
- Diddy’s theme park ride
If that’s enough to get the AI cluster installed, read on…
AI Collision 💥
There are times when you just need to take a moment, stop and spend an hour and 21 minutes (and 14 seconds) listening to the people who are quite literally reshaping our entire world and driving trillions in wealth towards an incredible AI future.
One of those times is now, and the person is Jensen Huang, CEO of Nvidia.
Take note of how he talks about Elon Musk’s crazy installation of 100,000 H100 GPUs and how he’s absolutely AMAZED at how xAI was able to get it done in just 19 days.
The Elon effect is in full swing, and if it’s not Elon as the most influential person in tech (and the world) right now, then it’s definitely Huang.
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$GOAT peels off 66% in a day
Koala AI up 78.3% in the last 24 hours. Fwog, was up 42.2%, Sad Hamster up 25%, Gigachad up 20%. Yes, that is all as bonkers as it might sound.
And as we mentioned the other day, there’s Goatseus Maximus the AI-inspired crypto being pumped by a Reddit and 4-Chan trained AI with a market cap which reached around $500 million over the weekend…
Goatseus went from about 51 cents to around 17 cents in just 24 hours.
Welcome to the new world of crypto folks. It is as crazy as it’s ever been. But in a good way. These names I just reeled off, this is not the place for everyone, in fact not the place for most people. But it is a part of the market you cannot ignore.
Still, with bitcoin now edging right under $70,000 again, and crypto that most people have never heard about popping up double digits in a day, and triple digits in a week – the activity taking place is very reminiscent of cycles we’ve seen come (and eventually go) before.
My take is that on November 5th, this market heads into overdrive and Bitcoin’s Big Pump winds up into FOMO-inducing action that will melt the minds of investors. It’s a playground of the high-risk, adrenaline seeking investor – and if you want to see exactly how I see this unfolding then you will need to pass this test to ensure you’re worthy and qualified.
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AI gone wild 🤪
There’s nothing quite like the “humph” of a British person in a queue at passport control trying to get into the EU.
As a non-British passport holder, I’m well versed in having to go into the “All Other Passports” line whenever entering an EU country.
I’ve been doing it for years. And will continue to do so for many years more. But after Brexit, that queue became a lot more crowded when my fellow Commonwealth citizens had to stand with me in unity as we trundled along at snail’s pace just praying an Airbus A380 from Asia or Africa hadn’t landed quite literally right in front of us.
The “tutts” and “humphs” and “bloody Brexit” underneath the breath were always a fun was for me to pass the time. But alas, now I fear that my days of enjoying these things is soon to approach an end…and it’s all thanks to AI.
A question for you, (in fact I’m going to throw this one into the poll section for good measure as well) …
Would you have been as bothered about Brexit if it meant no queues, easy and fast access through passport control when entering the EU?
How would you feel if you landed at your destination, got off the plane, walked through to get your bags and out the door, never having to show your passport and never having to even stop for a passport check?
That’s right, what if you never needed your passport to travel to another country again?
Sounds utterly bonkers doesn’t it. But maybe we’re closer to that idea that you might think.
Dubai airport is one of the busiest airports in the world. It is very much a connective fibre of the East to the West. In 2023, 86.9 million passengers passed through Dubai airport. That’s just shy of 10,000 people every hour.
As per a report from Executive Traveller,
Facial-recognition cameras backed by artificial intelligence will replace all physical passport control stations and even smart gates at Dubai Airport, with travellers being repeatedly scanned and verified as they move through the terminal.
Now, I’m confident people will say, oh but I don’t want to be scanned and verified as I walk through the terminal.
Then again, if you’ve ever been to London, you’re very much scanned an identified at every pillar and post. London has around one million CCTV cameras and research has indicated if you’re in London you’re likely captured on London’s CCTV cameras around 70 times per day.
So at an airport, if it means, no more passport queues, no more border patrol…then yeah I’m all for it.
Of course this is Dubai we’re talking about, not Alicante-Elche Miguel Hernández airport, so chances of these passport free places popping up before the next Spanish summer hols are pretty slim.
But you’ve got to start somewhere. It wasn’t that long ago that “smart gates” weren’t even a thing (not that they’re even still a thing in some backwards airports). I think if airports can integrate AI into systems like passport control, and make the whole process of travel smoother and hassle free, surely that’s a good thing right?
At the very least it means no more tutts and humphs in line.
Boomers & Busters 💰
AI and AI-related stocks moving and shaking up the markets this week. (All performance data below over the rolling week).
Boom 📈
- Vicarious Surgical (NYSE:RBOT) up 20%
- Predictive Oncology (NASDAQ:POAI) up 10%
- BigBear.ai (NASDAQ:BBAI) up 9%
Bust 📉
- Brainchip (ASX:BRN) down 21%
- Appen (ASX:APX) down 12%
- AMD (NASDAQ:AMD) down 7%
From the hive mind 🧠
- AI is good at writing things. AI is good at detecting things. But what happens if AI gets bad at detecting AI writing? In other words, what if AI falsely accuses someone of cheating when in fact…they didn’t cheat?
- Apple will be Apple, and they will try and innovate, and they’ll make lots of money. But I think they’re one of those companies that’s already behind the 8-ball when it comes to their AI vision and I don’t think that puts them in good stead for what comes next – real AI devices. This impending failure starts with their AI, which it seems they’ve taken a different approach to most with.
- Nvidia at $5 trillion? Is that too cheap still? Well they’re at least well on their way to a mind bending valuation…
Artificial Polltelligence 🗳️
The results from last Friday’s poll are in and it looks like the people want those memecoins!
But now onto another quick-fire poll that I’ll have up till Friday where we’ll look at the results…
Weirdest AI image of the day
Diddy’s Basement Theme Park Ride – r/weirddalle
ChatGPT’s random quote of the day
Thanks for reading, and don’t forget to leave comments and questions below,
I still believe that for the most part cryptocurrencies are mostly useless in everyday life. At least for the average person going about normal daily activities. However with AI advancing at such a rapid pace and some of the developments within the field of alternative finance, combining the two could become very useful very quickly indeed. Some time ago I decided to to switch part of my fiat currency into gold backed money that can be used to purchase everyday goods effortlessly via a card. It got me thinking why cryptocurrencies have not used the same or similar technology to make it easy to use on a day to day basis. The system of crypto swaps is already widely in use and therefore with the aid of AI I really cannot see any valid reason why cryptocurrencies cannot be exchanged in real time for goods and services via a card based system. I can certainly see the problem with trying to use only one cryptocurrency worldwide but using multiple coins across a multitude of platforms on an exchange basis could work. Any thoughts Sam ?
There have been options to use crypto as payments via cards for many years. I’ve used Wirex, Crypto.com, Coinbase cards all over time to test and see how payments using crypto balances work. From experience, the Coinbase card is easily the most intuitive and user friendly. But interestingly, and more recently, MetaMask has enabled a card to use with MetaMask wallets. This is the first time that a card has been functional with a non-custodial wallet provider to my knowledge. I’ve got one, represented as a digital card in my Apple Pay wallet where I can spend directly from the linked MetaMask wallet. So I think we’ll see more of that, and it’s definitely steps in the right direction to enable a real global system – also worth noting Stripe just acquired Bridge to enable stablecoin transactions within Stripe’s systems, this may be the biggest move yet for the integration of DeFi with TradFi we’ve ever seen.
Wow. I’ve just watched the Jenson Huang interview and it’s reinforced my feeling that we’re at the beginning of another Industrial Revolution- but this one will happen significantly quicker and affect us all much more profoundly than the last one. It’s both very exiting and very scary. I can’t think of a single aspect of modern day living that GAI won’t have some sort of impact. I’m over 80 now so have lived through some fantastic times and technological inventions that have had major implications on how we live our lives today (and played a very small part in some of them), but the speed of change in the future added to its scope will be mind boggling. Bring it on I say. Wish I was 18 again!!
It’s a fantastic interview isn’t it. I don’t see how someone can’t be optimistic about the direction of things when you hear what Nvidia is doing as his vision for where they’re headed. I think he’s also very much going to be a driving force of AI into medical and healthcare pushing radical change there too – Nvidia is pumping a LOT into that area.