Open AI is both a blessing and a curse. There is no doubt that Open AI’s viral sensation with ChatGPT has caused Nvidia’s order books to be bursting at the seams, but at the same time, Open AI is engaging in a long-term strategy that could break Nvidia’s grip on the AI training market. Nobody, least of all Open AI,...
Open AI’s future is to be a subsidiary of Microsoft. Open AI has no intention of going public not because the CEO wants to maintain control over technology but because I think that Microsoft intends to acquire OpenAI and will not let anything else happen to it. Sam Altman is currently on a global charm offensive to bring regulators and...
Apple plants its flag in The Metaverse. Apple has announced its play for The Metaverse but by going at least 3 years early, it has been forced to make some hideous compromises in order to deliver the kind of experience that everyone has come to expect. The Apple Vision Pro is being touted as an augmented reality (AR) device, but...
The generative AI elephant is likely to be ignored. All of the attention will be on Apple this week where it is almost certain to make a play for the Metaverse in the hope that in all the excitement, everyone forgets just how far behind it is when it comes to AI. Apple’s developer conference kicks off today and for...
Meta will get more out of WWDC than Apple. Meta has crashed Apple’s party with the launch of the Meta Quest 3 which is almost certain to outsell Apple’s unit many times over meaning that Meta is the real beneficiary of any awakening of interest in The Metaverse caused by WWDC. The Meta Quest is 40% smaller than the Quest...
Apple is slowly consuming more of the economy. Ahead of WWDC Apple has released a report it had commissioned to examine the app economy on iOS revealing that while traditional app spending on iOS is broadly flat, usage of iOS to facilitate day-to-day retail spending is still growing extremely quickly. The Analysis Group has produced a report that headlines with...
Humans are the real risk. The big names in AI are now saying that mitigating the risk of the robots enslaving the human race is as important as dealing with pandemics or nuclear war which I think is either peak hyperbole or a cynical attempt to keep the smaller players out of the nascent AI industry. This statement from the...
Rumblings get louder. A rotten set of results from Xiaomi, cutbacks by Oppo, a weak domestic currency and a massive government debt problem are all pointing in a direction that Chinese officialdom would like to distract us from. Xiaomi reported an 18.9% YoY decline in revenues that it put down to “uncertainty in the global economy” but it is clear...
Nvidia is the enabler of the modern-day gold rush. Nvidia reported stellar results as the intensifying mania around generative AI is driving unprecedented demand for its products which has driven both the share price and valuation into the stratosphere. FQ1 24 revenues / Adj-EPS were $7.2bn / $1.09 way ahead of estimates at $6.53bn / $0.92 and the fun did...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Meta Platforms – Premier league.
Meta is no longer the laggard that it was. I have written many times about the weakness of Meta Platforms when it comes to AI but it has improved a lot over the last two years and now is in a position to offer a challenge to the leaders. Meta’s history with AI is bad. Between 2016 and 2020 most...