Now the real work begins. OpenAI has admitted that the limitations of massive compute and massive data may have already been reached meaning that to make these systems useful, ways need to be found to implement them cheaply and make them less crazy. At an event last week at MIT, Sam Altman, CEO of Open AI admitted that making the...
Bing chat is not ChatGPT. Samsung is weighing up a switch to Bing on the basis that its GPT-generated search results are better than Google’s which is a proposition that I think has little basis in reality. Google is currently the default search engine on both Samsung Android devices and Apple devices which is a reflection that in the current...
GM’s biggest problem is the media. GMs decision to end support for Apple CarPlay and Android Auto has sparked a negative reaction from the Apple-loving technology press that seems to have put finger to keyboard to generate clicks rather than to inform. GM has announced that its EVs from mid-2024 will no longer support Apple CarPlay or Android Auto which,...
No one is thinking about economics at the moment. It looks like Intel’s requests for more subsidies to build leading-edge fabs in Germany will pay off, but the subsidies are still likely to be below those available in Asia once again underlining that semiconductors right now are all about geopolitics and not economics. Intel is currently in line to receive...
Money for nothing and company for free. Falling long-term estimates and substantial dilution have materially damaged the long-term outlook for the share price but the shares have fallen so much that there is enough upside even at a greatly reduced share price forecast to consider rounding down. Ouster has had a rough 18 months and the combination of difficult end...
CCP hurts the bug, not the feature. AI proponents will look at the immediate clampdown on large language model (LLM) chatbots by the CCP with dismay, but I think that for the use cases that I have identified for these systems, it won’t make much difference. At its 2023 Alibaba Cloud Summit, Alibaba announced an LLM-based chatbot called Tonyi Qianwen...
Here we go again. MoviePass has emerged from Chapter 11 bankruptcy with yet another crack at the cinema subscription market after two failed attempts and a short sojourn with crypto and although this time there is a shred of economic rationality, I am not optimistic regarding its future. MoviePass first showed up in 2018 (see here) offering a fixed subscription...
Samsung semi goes into the red. Samsung reported preliminary results where profit fell by 95% as semiconductors in all probability has become loss-making which in turn triggered Samsung to finally cut its production. Q1 2023 revenues / operating profit were KRW63tn / KRW0.6tn way below consensus profit forecasts of KRW1.14tn and yet the shares rallied 4% after the news. This...
Google fails to dent Nvidia. Google’s claims of superior performance for its AI chips is somewhat misleading as it looks like the performance difference is to do with inter-chip data transport rather than processing speed and it benchmarks its products against one of Nvidia’s older products. Google has published a paper (see here) lauding the capabilities of its in-house designed...
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.
Tesla Q1 23 – Normalisation.
A promise that will never come true. The promise of fantastically profitable robotaxis will never come true meaning that lower margins as Tesla falls into line with the rest of the industry are probably here to stay. Hence, the valuation remains orders of magnitude higher than it should be. Tesla reported reasonable results with Q1 2023 revenues / Adj-EPS of...