Gary Smith

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Articles

More than 3,500 Jobs in Manufacturing and Supply Chain Sectors Cut in Past Two Weeks

3 weeks ago | healthimpactnews.com | Jeffrey Funk |Gary Smith |Brian Shilhavy |Soumaya Ghannoushi

by Brian ShilhavyEditor, Health Impact NewsNoi Mahoney, writing for the trade publication “FreightWaves” has reported that 3,500 job cuts have been announced since April 30th, just two weeks ago, in freight-related jobs. Mass layoffs from freight-related jobs continue across USExcerpts:More than 3,500 job cuts have been announced since April 30, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices. Since Jan.
Opinion: Is Trump’s bitcoin embrace the biggest ‘pump-and-dump’ ever?

Jan 16, 2025 | marketwatch.com | jeffrey funk |Gary Smith

Outside the BoxThe U.S. government buying bitcoin at inflated prices would do nothing to pay off America’s debtPublished: Jan. 16, 2025 at 7:31 a.m. ETThere is an apocryphal story of an investor, “Sam,” who became enamored of a lightly traded stock. He called his stockbroker and bought 100 shares at $20, made several more purchases that pushed the price up to $30, and made even more purchases that pushed the price up to $50. Then he told his broker to sell all his shares for $50.
The AI bubble is looking worse than the dot-com bubble. The numbers prove it.

Oct 26, 2024 | morningstar.com | Jeffrey Funk |Gary Smith

By Jeffrey Funk and Gary Smith Two different bubbles and two completely different revenue streams mean only one thing The use of essentially free services - like social media, email, messaging, and other apps - doesn't mean they are particularly useful. It's different this time. How many times have we heard that? It usually turns out to be wishful thinking. This time, the generative-AI bubble may really be different than the dot-com bubble - just not in a good way.
Opinion: The AI bubble is looking worse than the dot-com bubble. Here’s why.

Oct 21, 2024 | marketwatch.com | jeffrey funk |Gary Smith

Store and/or access information on a deviceCookies, device or similar online identifiers (e.g. login-based identifiers, randomly assigned identifiers, network based identifiers) together with other information (e.g. browser type and information, language, screen size, supported technologies etc.) can be stored or read on your device to recognise it each time it connects to an app or to a website, for one or several of the purposes presented here.
Opinion: The AI bubble is looking worse than the dot-com bubble. Here’s why.

Oct 21, 2024 | marketwatch.com | jeffrey funk |Gary Smith

Store and/or access information on a deviceCookies, device or similar online identifiers (e.g. login-based identifiers, randomly assigned identifiers, network based identifiers) together with other information (e.g. browser type and information, language, screen size, supported technologies etc.) can be stored or read on your device to recognise it each time it connects to an app or to a website, for one or several of the purposes presented here.
Opinion: Big Tech’s AI bubble is alive and unwell

Aug 1, 2024 | marketwatch.com | Gary Smith

Outside the BoxOpinion: Big Tech’s AI bubble is alive and unwellStocks valued on potential profits from AI are trading on thin icePublished: Aug. 1, 2024 at 7:21 a.m. ETConfirmation bias is the all-too-human tendency to seek and remember evidence that confirms our beliefs. In investing, someone who likes a stock (especially if they own the stock) treasures good news and dismisses bad news.
Big Tech's AI bubble is alive and unwell

Aug 1, 2024 | morningstar.com | Gary Smith

By Gary Smith Stocks valued on potential profits from AI are trading on thin ice Confirmation bias is the all-too-human tendency to seek and remember evidence that confirms our beliefs. In investing, someone who likes a stock (especially if they own the stock) treasures good news and dismisses bad news. Confirmation bias was rampant during the late 1990s dot-com bubble when internet enthusiasts proclaimed the arrival of a new economy that made traditional stock valuation metrics obsolete.
Tech sector is a casualty of America's broken venture capital system

Jul 11, 2024 | morningstar.com | jeffrey funk |Gary Smith

By Jeffrey Funk and Gary Smith Length and severity of the downturn in funding depend on how long the AI bubble lasts After obtaining his economics PhD from Yale University in 1979, David Swensen was hired by Wall Street investment bank Salomon Brothers and, three years later, moved to Lehman Brothers. Three years after that, at the age of 31, he took an 80% pay cut and returned to Yale to manage the university's endowment.
America's venture capital system is breaking down - taking tech startups with it

Jul 11, 2024 | morningstar.com | jeffrey funk |Gary Smith

By Jeffrey Funk and Gary Smith Length and severity of the downturn in funding depend on how long the AI bubble lasts After obtaining his economics PhD from Yale University in 1979, David Swensen was hired by Wall Street investment bank Salomon Brothers and, three years later, moved to Lehman Brothers. Three years after that, at the age of 31, he took an 80% pay cut and returned to Yale to manage the university's endowment.
Big Tech's 'fake-it-till-you-make-it' hype is now infecting AI

Jun 1, 2024 | morningstar.com | jeffrey funk |Gary Smith

By Jeffrey Funk and Gary Smith ChatGPT and its peers do not understand what words mean The fundamental problem with ChatGPT and other large language models (LLMs) is that they do not understand what words mean. They are very much like a young savant who can recite every word in all six volumes of the History of the Decline and Fall of the Roman Empire without comprehending any of the content.