so who spits in the food of a disgruntled, rude diner? huh? who?
Robots failed at running a fake company
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so who spits in the food of a disgruntled, rude diner? huh? who?
MIT says 11.7% of jobs could be replaced by AI now.
These words need to be repeated a bunch of times.
As an old timer I remember the first time I went to my dad's friend's house and he had "pong." It was literally two white bars and a square "ball" and you played tennis on the TV, kinda.
But, I was pretty mesmerized with the fact that I could actually control something on the TV screen. A few years later, I got an Atari 2600 and was disappointed that the graphics were not the same as the arcade. The tech had rapidly advanced, but my desire advanced faster.
We saw the "pong" level of AI a few years ago and thought it was cool. Now we are at the Atari 2600 level and thinking, "Yea, it's cool but I expected more."
Well, look at video games now. Give AI a few years and it is going to blow us away, figuratively or literally.
the AI boom is driving the energy sector. The demand is insane and the power is years out. They are opening/building factories for orders 8-10 years out. The price of gas turbines is up 40-100% depending on the size this year. I have got to see a tiny bit behind the curtain through potential data center folks. Some are big enough you know the stock symbol some are small innovative shops that are having money thrown at them. They have cooler stuff than you’ve seen. Based on what they say is possible we are still playing pong.
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Dang it Donny, you needed to post this yesterday. I have a little. Apparently, should have had a lot.
Share buy backs, double the divi. Basically, seems they are saying, "Holy crap, we don't know what to do with all this money."
Why GE Vernova Is Gapping Up After Its Investor Update
GE Vernova raised its 2028 revenue outlook, doubled its dividend to 50 cents a share and upped its share buyback program.
www.investors.com
Siemens.....just in the western half of North America sold 3B worth of gas turbines last year alone........or more than the previous 8 combined. Lead times on small and mid framed turbines 15-80 MWs was around 18 months from the day you said I'll buy it......which is different from actual final specs so there is still a couple of months to do.....was 12 months expedited 18 normal. It's 4-6 years now depending on the model you want. Turbines that have been in operation that can be removed and recommissioned that were selling for 15M are going for 50M if you can find them. There used to be a rule of thumb/place holder value that a gas turbine power plant with auxiliaries cost 1M/MW to build. People are paying that just for the turbines now. AI's advancement could be slowed not by itself but by the ability to power it. Large main power transformers have inflated more and are harder to get. For perspective the EPRI and EPA did a FEED study for carbon capture at our CCGT facility in 2019 and their estimate of cost had 300K for transformers those transformers are about 2.5M now....300K was too low 500K was more realistic but thats still a 5x increase. There are currently people buying production spots....at 15-20% of total cost so like putting down 20-50M that if you don't get the turbines you eat that payment that have no project identified because if you don't do it now and you identify a project/ink a deal say two years from now you would be 5 years away from getting the equipment you need.Dang it Donny, you needed to post this yesterday. I have a little. Apparently, should have had a lot.
Share buy backs, double the divi. Basically, seems they are saying, "Holy crap, we don't know what to do with all this money."
View attachment 16474Why GE Vernova Is Gapping Up After Its Investor Update
GE Vernova raised its 2028 revenue outlook, doubled its dividend to 50 cents a share and upped its share buyback program.
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I'll go out a little further on this limb...... I think the PE rush to buy single family homes is AI driven. This is going to change society in ways no one knows and that is just with what we know exists now. As a guy who is developing humanoid robots told me.....we aren't going from the horse to car or pen to printing press we are going to go from fire to the internet in one generation. Like if nothing advanced further and just what is on design tables and prototype today come to pass there will be massive workplace disruption and life changes. It's impossible to pattern where this thing is going.....the folks on the tip of spear admit they don't know.....but everyone is going to have to have a place to live. Whether we all end up on some UBI, slaves to robot overlords in salt mines, or the utopia that me and @Bowers3 have planned of golfing with robot caddies that cheat for us.......everyone has to have a roof over their heads.
Can't wait!
I have no doubt that AI can already replace 10% of jobs and in the coming decades it'll be more. When I posted those videos of people in the 60's saying they're worried about automation and that there will be no use for people, the point is that they were exactly right. Automation took all of the jobs they talked about. But here we are 60 years later at almost full employment. Every technological leap in history the people were fearful. But every time we came through better (after some short term disruption of course) and their fears were exaggerated. I just think history rhymes. This time I just hope the short term societal disruptions aren't too.....disruptive.
Also no freakin' wonder Bill Gates, Nature Magazine and I don't know a few others that I've seen are retracting climate change papers and dialing back their rhetoric. HOW IRONIC.
Well, that might just be a local problem.........
ULANQAB, China—The U.S. invented the most powerful artificial-intelligence models and controls access to the most advanced computer chips, but China has an ace to play in the global AI contest.
China now has the biggest power grid the world has ever seen. Between 2010 and 2024, its power production increased by more than the rest of the world combined. Last year, China generated more than twice as much electricity as the U.S. Some Chinese data centers are now paying less than half what American ones pay for electricity.
“In China, electricity is our competitive advantage,” Liu Liehong, head of China’s National Data Administration, said in March.
China incentized equipment manufacturers to build factories there to meet their demand......they then tampered with equipment that was sent to foreign countries us included....and have been caught more than once. Now many countries won't accept Chinese manufactured infrastructure equipment....we lean on allies to not accept it. The production capacity remains and the govt gets the production spots they want. Siemens for example has one of it's largest facilities in a place you may have heard of.....Wuhan.
None of that surprises me.
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