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where customers can simply walk in, grab whatever products they want and walk out without paying through a register.
Isn’t that normal then
where customers can simply walk in, grab whatever products they want and walk out without paying through a register.
We wan’t the chunky revenue to start....thank you Sean.Re Valeo, so the royalty on the orders worth 1 billion euros using @Kachoo's suggested calculation in italics below. Remembering that this is for 2 contract only.
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There has been a lot of speculation about whether we would get 10 cents or 30 cents royalty per product, but, apparently in the MegaChips deal, it is a percentage of the sales price of the product, on a sliding scale, ie, the more the customer sells, the smaller the percentage.
As an example, assume there is a high volume $10 product and a lower volume $100 product.
So, according to the sliding scale (set according to volume of sales), if it's 2% for the $10 product, we get 20 cents a product, whereas if it's 3% of a $100 product, we get $3 per product.
Remember, these are just example royalty rates and sales process, not the real thing.
Agree Steve 10. Great analysis. I also think that we could well be in for the most unexpected Bull run ever.Chris from Ciovacco Capital has mentioned that the October 2022 market low & current rebound is very similar to 1990 low & rebound. The charts have many similarities.
Also mentions that the post-Covid run should resume.
The markets had a big run from the October 1990 low until the March 2000 peak of dotcom bubble.
S&P500 went up x5.2 in approximately 9.5 years.
Nasdaq 100 went up x29.2 & Nasdaq Composite went up x15.4 in 9.5 years.
In Australia, market bottomed in January 1991 & peaked in February 2002.
The All Ordinaries went up x2.9 & ASX200 went up x2.8 in approximately 11 years.
Nasdaq had it's biggest quarterly rise since June 2020 quarter.
I compared the Nasdaq 100 rise from the March 2020 low following Covid crash & recent rise from October 2022 low to determine the actual percentage rise at similar time frames following the low. Post Covid rise after 1 quarter & 2 days from March 2020 low was +44.42% & recent rise from October 2002 low was +23.4% so the current market recovery is rising at 52.7% rate of post Covid market recovery. US Feds are not pumping funds into the market now as they did post Covid so market will rise slower.
I then compared the performance of XIJ & XTX to Nasdaq & S&P500 post Covid to determine whether or not the local XIJ & XTX indexes performed better or worse. Wanted to compare ASX tech/growth sector to equivalent in USA in leau of using All Ordinaries & ASX200.
From March 2020 low to peak performance was as follows:
Nasdaq went up x2.38
Nasdaq Comp went up x2.36
S&P500 went up x2.15
XIJ went up x2.85
XTX went up x2.8
Average of Nasdaq = x2.37 compared to average of XIJ/XTX = x2.825 thus +19.2% more upside locally with XIJ/XTX.
There is no data for XIJ/XTX from 1991 to calculate the actual performance to compare with US markets so I used post Covid performance to make comparisons. Post Covid data confirms the ASX tech/growth sectors perform better than US Nasdaq & Nasdaq Composite.
XIJ data is available from June 2001 which indicates it went up x4.15 from March 2003 to June 2007 peak in about 4.25 years following the dotcom bubble which is more than the x2.85 rise post Covid.
The big run in markets during 1990-2000 was due to dotcom bubble. The internet created the dotcom bubble.
I believe we may see something similar from 2022-2032 which will be referred to as the AI bubble. The emergence of ChatGPT recently has commenced the inflation of the AI sector. Nvidia is already trading at PE 159.43. Could get a x15-30 XIJ/XTX rise during the next decade & more for individual stocks.
BRN will most likely rise at least x60 during the next AI fuelled decade to circa $30 SP & $54B MC. Will most likely trade at PE 100+.
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Here's a video with Amit Mate from GMAC Intelligence. He discusses use cases for people and object recognition in stores like Amazon, where customers can simply walk in, grab whatever products they want and walk out without paying through a register. All performed on the edge in real time.
Qualcomm think NNs use MACs:Another Qualcomm and serverless cameras. On device processing. One more reason to say either Qualcomm have a technology similarly to us or they are renting from someone.
Can someone please add how brainchip can be better than this one.
Lazy Sunday Afternoon. (No not the Small Faces version) Wet Sydney version.
Trolling you-tube. And came across this discussion.
Couldn't help but smile at the 17.40 mark, he mentions Renesas.
Is there a company called Renaissance.??Interesting interview for sure, but he is talking about Renaissance technologies at 17.40...not Renesas.![]()
My bad there is a company called Renaissance Technologies but they are a Hedge fund.Is there a company called Renaissance.??
Yes, Called ‘Renaissance Technologies’Is there a company called Renaissance.??
Yes thats it, they use some AI algorithms to trade the markets is seems or something similar. Must have been where the show ‘Billions’ got the idea...tbh most trading houses use some of algorithm’s now I would say...how truly smart or AI they are is another story. There is AI and then there is just alleged AIMy bad there is a company called Renaissance Technologies but they are a Hedge fund.
I think there might be some BS to advantage associated with this story. What better way to stoke the imagination of potential users of ChatGPT than to describe it as potentially mischievous or unscrupulous in action; that is to suggest that it can learn to be so. We know this can’t be true since it is built on Von Neumann logic - it can ONLY be trained on the data to draw sophisticated inference based on some form of semantic segmentation. To state that it can develop a mind of its own has to be fake news, fake news for a reason - an agenda of some kind. We know that AGI does not exist at this stage, we know that PVDM et al are working on it and that it’s still some years away with a date not before 2030 mentioned. IMO OpenAI may be taking advantage of the popularity of ChatGPT to further stoke user imagination before releasing it to the mainstream. What a great publicity stunt to suggest it can have a mind of its own and then to say but we pulled the plug on those aspects…, but we really can’t say what will happen when it is released more widely - everyone will want a piece of it to find out. AIMO.Extract from article from NY Times about the near future re Chatbot etc....
"Before GPT-4 was released, OpenAI handed it over to an outside group to imagine and test dangerous uses of the chatbot.
The group found that the system was able to hire a human online to defeat a Captcha test. When the human asked if it was “a robot,” the system, unprompted by the testers, lied and said it was a person with a visual impairment.
Testers also showed that the system could be coaxed into suggesting how to buy illegal firearms online and into describing ways to make dangerous substances from household items. After changes by OpenAI, the system no longer does these things.
But it’s impossible to eliminate all potential misuses. As a system like this learns from data, it develops skills that its creators never expected.
It is hard to know how things might go wrong after millions of people start using it.
“Every time we make a new A.I. system, we are unable to fully characterize all its capabilities and all of its safety problems — and this problem is getting worse over time rather than better,” said Jack Clark, a founder and the head of policy of Anthropic, a San Francisco start-up building this same kind of technology."
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What’s the Future for A.I.? (Published 2023)
Where we’re heading tomorrow, next year and beyond.www.nytimes.com
I think the author is just bringing to mind the possibility of unintended consequences.I think there might be some BS to advantage associated with this story. What better way to stoke the imagination of potential users of ChatGPT than to describe it as potentially mischievous or unscrupulous in action; that is to suggest that it can learn to be so. We know this can’t be true since it is built on Von Neumann logic - it can ONLY be trained on the data to draw sophisticated inference based on some form of semantic segmentation. To state that it can develop a mind of its own has to be fake news, fake news for a reason - an agenda of some kind. We know that AGI does not exist at this stage, we know that PVDM et al are working on it and that it’s still some years away with a date not before 2030 mentioned. IMO OpenAI may be taking advantage of the popularity of ChatGPT to further stoke user imagination before releasing it to the mainstream. What a great publicity stunt to suggest it can have a mind of its own and then to say but we pulled the plug on those aspects…, but we really can’t say what will happen when it is released more widely - everyone will want a piece of it to find out. AIMO.
Good pick up.Interesting interview for sure, but he is talking about Renaissance technologies at 17.40...not Renesas.![]()