Last month, Citrini Research published a thought piece on the potential impact of AI on the economy. They presented it as an article written in 2028 when the imagined unemployment rate exceeded 10%. The gist of the piece was that AI replaced the functionality of so many Software as a Service (SaaS) companies that those … Read more
It was a big week for the tech industry. Nvidia and Meta signed a deal for GPUs and CPUs that caused (valid) concerns about Intel and AMD. Google is making a bid for a share of the AI chip business with its TPUs. And if the future trend for compute goes from training to inference, … Read more
The incredible volatility in gold, silver, and Bitcoin continued for most of this week. We give you a quick update along with links for those of you who want a better understanding of what’s really happening. Anthropic announces that its Claude AI can take over functions currently being handled by expensive monthly software subscriptions. SaaS … Read more
The Fed cuts by 25bp as expected with more Fed Governors dissenting. At this point, nothing the Fed is going to do actually affects the rate at which businesses and homebuyers borrow. However, a restart of QE (however you want to define the term) means they’re committed to more inflation. The DKI portfolio is prepared … Read more
The government is about to use its incredible stores of data to feed advanced AI models. It could be effective in staying ahead of China, but there are some un-discussed security issues involved. Bitcoin has gone hyper-volatile again. Why does it keep happening at night on weekends? Does it matter? Multiple States are investigating buy … Read more
I’ve spent two years warning about the massive spending on AI without a business plan to earn a return on that spending. The big tech companies that used to have pristine balance sheets are now taking on record levels of debt to fund their AI spending. In related news, Meta (Facebook) is going to sign … Read more
