From the standpoint of fundamentals, buying Palantir Technologies (PLTR) makes no sense. At its present market cap of $100 billion, Palantir has a price to earnings (PE) ratio of 263. You’re paying over 25 times revenue, there’s no dividend, and the growth rate is just 10%. That’s why, while at InvestorPlace, I urged that investors […]
Jensen Huang and his Nvidia AI chips have created a monster. The monster is “Artificial General Intelligence,” or AGI. Last year I called this “the lie of the year.” Since then it has grown to become America’s greatest danger. Just as Victor Frankenstein tried to help mankind by bringing a human being back to life, […]
The first two years of AI were defined by general purpose systems written for the broad market. ChatGPT, CoPilot, and Gemini are designed to stake out the biggest possible positions on the board of the future. But that era is ending, for two good reasons. One is it’s not profitable. Microsoft is hiding its CoPilot […]
When the economic history of our time is written, I’m afraid that Joe Biden’s Build Back Better plan will be seen as a mistake. Its heart is in the right place. We should have a viable green industry by now. We let ourselves fall well behind China in this area, and their government is antagonistic. […]
Almost a quarter century ago I began chronicling the history of technology with a book about Moore’s Law. A marketer insisted I call it The Blankenhorn Effect, but that was a stupid title. It didn’t sell. A decade later I rewrote parts of it and re-issued it. It was now called Moore’s Law: Better and […]
In my book on Moore’s Law, first written in 2001, I have a long chapter about AT&T. Its theme is the destructive power of technology debt, combined with the idiocy of a monopolist. In the first edition of the book I wrote that Google was in the process of replacing AT&T. Over the next 20 […]
One of the great mysteries of 2024 is why the markets continue to rise going into the November 5 election. It doesn’t seem logical. Both candidates are telling voters to fear a future in which the other side wins. Yet business remains sanguine, the markets steady. The reason is simple, and since no network analyst […]
Moore’s Law creates deflation. Chips get faster, so computing costs less. This extends to everything computing touches. It extends to the components, to the use of software, and to every entity using software. We can all now do more with less. Huang’s Law is creating inflation. Each generation of Nvidia hardware costs more than what […]
Trump is a symptom of a global phenomenon. In 2024, when it’s obvious the world as we know it will end within this century unless everyone works together, the dominant political theme is nationalism. In every country, around the world, candidates who embrace the idea of raising drawbridges, sticking our fingers in our ears, and […]
AI optimists who are leading a trillion dollar arms race to replace the Internet got a big boost this week. Two of the three Nobel science prizes involved AI. Geoffrey Hinton (shown), a former Google executive who worked on the foundational machine learning principles behind today’s AI software, was a winner of the Physics prize. […]
