Focus of market goes back to normal, no more on the IBM (International Big Mouth) of Donald Trump and tariff war, no more on the TACO (Trump always Chicken Out) and wind back to economic indicators. Russian/Ukraine War, Israel and Hamas fighting no more on headline of news. Today, the chance of cutting interest rate in Sep rose from yesterday’s 86.35% to 92.2%.
Why US is US? Because they have Wall Street and later on Silicon Valley. The birth of Wall Street was actually in Philadelphia, the first stock exchange of US was in Chestnut Street of Philadelphia in 1790. It’s too far, but in California, the name Silicon Valley was first used in 1971, even though it was first started in 1913 by vacuum tube amplifier, but officially in 1939 Hewlett-Packard is founded in a Palo Alto garage of Stanford University – often dubbed the birthplace of Silicon Valley.
So when did the current AI trend started? In 2017 as listed in the attached table, but the mainstream is in late 2022 by Chat GPT. This is the point we should know, later on in 2024, we also have SORA which can generate video on their own.
First of all, we have to know the difference. Both Wall Street and Silicon Valley is followed by the whole world. But Wall Street can generate a lot of jobs and employment, for Silicon Valley people afraid it would push up unemployment. Is it worrying too much or a symptom we cannot neglect or must prepare well for? We have to understand the whole trend not just for stock trading but for our future life, for it will be greatly changed by AI. In the last century, we only has the term IT, not this term is put aside and everyone is talking AI, AGI, ANI and AGIC……
During the 1970s, the wealthiest person and top 10 companies of the world were all connected with petroleum or energy, but not everything is IT and AI. This is a trend we cannot neglect. As for stock trading, this series will also talk about the top 10 IT companies of the market one by one later. But before we carry on, what advice can I give to readers?
Do not use just a single AI version, for they are not infallible. A capable cameraman normally would have several cameras and lens, therefore a smart AI user should use more than one version of AI or else cannot chase up the trend. What I want to say is that AI cannot replace your job, but a capable AI user can replace a non-capable AI user in the job market.
Mind this please!!!!!