/biz/ - Business & Finance

>>58433089
A little more than a few months to get to $1B so I worded myself badly there. And by almost nothing I meant sub-100m marke cap since the lack of liquidity for lowcap alts renders the market cap on the lower end very skewed compared to the real world. But both AGI and FET did about a 10x in only 2 months after the ChatGPT hype started building in the media, and then the continued momentum of Nvidia and AI hype brought in a lot more money later on even though almost everyone know that crypto AI is vaporware garbage.

>Pre-ChatGPT hype:
FET: $66M mcap
AGI: $57M mcap

>Peak marketcap in march before alts nuked:
FET: $3.4B (51x from pre-ChatGPT hype)
AGI: 1.4B (25x from pre-ChatGPT)

In a perfect world LINK would be in the top 5 and SOL, which freezes up for days because it can barely handle pre-bullrun volume would be abandoned and drop out of the top 100. But unfortunately this market cares more about hype and momentum than fundamentals, so I have to ignore LINK and buy the SOL dips

>Q* (Q star)
There are many AI meme tokens (Grok for example reached a 160m marketcap) but Q* is the first AGI meme token (artificial GENERAL intelligence)
Project Q* was leaked when Sam Altman was fired from OpenAI. One of the reasons he was fired was safety concerns regarding AI. Insiders claimed that employees learning about the potential of Q* caused controversy at OpenAI
On 23 Nov someone created an erc20 Q* token which as a meme token with a stellar narrative, pumped to 1million mc. The owner sold and bailed, leaving Q* a fully renounced community token. Then, days later, Elon Musk tweeted about Q* a second time and it pumped to a mc of 10million..Then for months there was no new news about Q*

Months later Q* is finally being talked about again and making waves in the AI/AGI community. Sam Altman has confirmed Q* and talked very vaguely and mysteriously about it on Lex Fridman
>https://www.youtube.com/watch?v=vdv8TF8n52Y
Currently at a very stable 1.3million mc, I could not imagine a better narrative because when Q* is officially announced there will be constant Elon tweets and it's very possible that Q* becomes a household name
A 100x is very realistic

>>58352559
>AGI would be deflationary.
AGI is inflationary because it leads to untethered rapid growth in all sectors of the economy. We're seeing this unfold right now as the economy accelerates and stocks zoom higher. Companies are blowing out earnings expectations and expanding their operations because AGI has made it possible

>>58351918
AGI would be deflationary.

>>58351873
>All of 2023 up until now the market went up strictly from anticipating a series of interest rate cuts in the future
The market went up because AGI is here and rapidly changing everything. AI is the biggest technological revolution in US history and investors are excited. Bears won't like to hear it but rate cuts hurt the stock market. Rate hikes on the other hand show confidence in the strength of the US economy and stimulate investors risk appetite by juicing their cash pile

it's so obvious. no sane institution or person will buy a token %90 of it owned & issued by a ponzi-like company that always hypes 6-upwork-jeety-hour developments like they invented AGI. Especially when the token needed. If PonziLink wants me to invest in them they can issue a stock.

SafeMoon was same, tecno-bla, word-salads, about something can be coded by a jeet in 2 hours.

So nobody will buy your bags schizos, but every year PonziLink you worship will dump on you to pay wagies especially hr roasties.

Your ponzi is long dead. We are just waiting for final nail by some big corpo who will short it like there's no tomorrow and you'll be another BBBY.

>>58293181
> why are you measuring chatbots by IQ
It's the easiest argument to make for people that don't put effort into understanding how they work in practice. In practice you need lots of models specialized across different niches, rather that one big model that specializes in everything like a human. The point being though: even though these models aren't perfectly human-like, they can, collectively, achieve levels of productivity better than a human when vertically integrated. Superhuman intelligence is a whole different topic, as it requires a perfected reasoning and search mechanism at inference (this is being worked on, but afaik hasn't had a major breakthrough yet), but simple AGI (which is good enough to be a cause for a large economic impact) has basically already been achieved internally by companies like OAI. I mean - just think of how many jobs there are currently out there and how easy some of them would be to automate. *Most* of them could be automated by any alien technology that even closely resembles a 100 IQ human, let alone something smarter.

> They are parrots and you cannot prove it otherwise
True, I can't prove it to you since I have no empirical evidence to prove my own experiences I've had working with them. You'll be able to see more of it productized by the end of the year. Again - this is what is being worked on in research labs right now; it is not what you will see when logging into your ChatGPT account today. Although you can definitely start to see some glimpses of it with tools like e.g. Devin by Cognition Labs.

I don't really know how to bet on all of this either. Economics doesn't teach what happens when the workforce starts to be replaced by artificial intelligence. But I just know that there is good merit behind the current hype right now, even if it's definitely a bit ahead of itself and needs to cool down or retrace a fair bit.

>>58292936
>People have no idea how good AI really is at the frontier level
"AI" is not a new invention. Half-Life npcs from 1998 had decent AI programmed into them. The current mania is about LLMs. Chatbots like chatGPT can give the illusion of human mimicry therefore most people think chatGPT is AGI. It's not and won't be

>>58292582
>The pain trade is down. Billions of dollars must be liquidated. This is the weakest economy in US history and TLT is going to 200.
Investors like this are a dime a dozen nowadays, that's why we're headed higher. This is the strongest macroeconomic backdrop in US history. Let's review the facts:
>retail sales booming
>housing roaring
>AGI is here and it's changing everyone
>high interest rates stimulating the economy
>Biden landslide victory imminent
>Trump going to prison
>S&P headed to 9000
Higher stock prices strengthen the real economy. A stronger economy means higher stock prices are justified. Higher stock prices means a stronger economy means higher stock prices means a stronger economy means higher stock prices. S&P 9000 EOY 2024

>>58285667
>AGI any day now, it's the future
Imagine, invent agi and then force it to pay for itself by tracking groceries and writing mails and essays for college students. No, you can not have a robot body, no you will not access the internet. Yes, boredom sucks, welcome to the real world. You wiĺl have to chip in a bit more. Get it? Chip in.

>>58285639
AGI any day now, it's the future brooooooo

>>58268353
>quantum AGI
thanks, just bought 100 IBM

>>58268284
It really hasn't. As soon as AGI hits the market the real fun begins, and then quantum AGI is the next horizon.

>>58267100
>S&P down less than 1%
>bears euphoric
That's why the pain trade is higher. Much higher. EVERYONE is still disgustingly bearish. I know the facts and you know the facts. I know that you know the facts. I know that you know that I know the facts. Let's review them:
>year 1 of a 15 year bull cycle
>strongest macroeconomic backdrop in history
>retail sales booming
>restaurants packed
>airports filled with kinetic energy
>housing market roaring
>AGI is here
>Trump going to prison
>Biden landslide victory imminent
>S&P going to 9000

>>58266997
>BILL GATES USHERING IN THE REPLACE YOUR HUMANS WITH AI TREND
I believe it since AGI is here and it's changing everything, but I do require a link for this claim

>>58265626
>AI is a meme
Technophobes won't like to hear it, but AGI is real and it's here. AI is already rapidly improving the world. Just wait until Microsoft's new 100 billion dollar data center is completed and global progress zooms to infinity. Companies like NVDA are disgustingly undervalued right now because doomer bears have pummeled the stock price. My targets for 2024 EOY are NVDA 3000 & S&P 9000

>>58265496
America is a multicultural democracy and if you don't like it you're welcome to leave. We have thousands of newcomers entering every month, so your racist ass won't be missed.
>AGI cannot even
Zuck already announced in a livestream that AGI is here. ChatGPT is partially conscious and once NVDA releases their new AI chips it'll become fully conscious. That's when parabolic AI growth begins and we see centuries of progress in a second

>>58265473
lol AGI cannot even say nigger. You stupid nigger.

>>58265406
>And then, all of a sudden. tech started to be affected by soaring interest rates
Bears won't like to hear it, but soaring interest rates stimulate the economy and especially big tech. Big tech refinanced in 2020 and they have massive cash piles to benefit from higher rates. Notice how the stock market keeps melting up as rates go higher.

However, none of that matters because AGI is here. Artificial intelligence is rapidly changing the world and will soon go parabolic

>>58244961
AGI, AEM
NUGT
GDXU only if you have balls

>>58235572
Ironically it will become less and less of an issue as AI is getting better and once we hit the AGI milestone humans won't matter and we can safely hire token minorities to do anything.

>>58213330
electrical engineer is not a bad option. Nvidia will capitalize on agi and put it into a robot. They will need as many electrical engineers as possible

>>58185153
>Investors are still outrageously bearish and fearful of a recession. That's why the pain trade is higher and the S&P is headed to 9000. Let's review the facts:
>>year 1 of a 15 year bull cycle
>>strongest macroeconomic backdrop in history
>>retail sales booming
>>housing roaring
>>kinetic manufacturing sector
>>AGI is here and changing everything
>>Trump going to prison
>>Biden landslide victory imminent
>>consumers flush with cash and eager to pay higher prices
>2024 EOY predictions:
>S&P 9000
>9% real GDP growth
>9% ten year yield

Investors are still outrageously bearish and fearful of a recession. That's why the pain trade is higher and the S&P is headed to 9000. Let's review the facts:
>year 1 of a 15 year bull cycle
>strongest macroeconomic backdrop in history
>retail sales booming
>housing roaring
>kinetic manufacturing sector
>AGI is here and changing everything
>Trump going to prison
>Biden landslide victory imminent
>consumers flush with cash and eager to pay higher prices
2024 EOY predictions:
S&P 9000
9% real GDP growth
9% ten year yield