Robert Stack on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'You meant Altman, Zuckerberg, or Musk right? Poor Elon may be busy right now looking for another state to move to…'
on Mark Gurman: Apple curtails AI use by its engineers - 'My guess is that a lot of the budgeted AI money was actually not being used. So, to reclaim that budget, and get a better idea of its specific needs, Apple lowers the amount given to all employees but also allows those in need to ask for more, demonstrate the need and get it. The Apple gets a very good idea of its AI needs, gets a more accurate budget and saves some money.'
on Premarket: Apple is green - 'Market was up 1500 points yesterday and as of noon today, it’s down 1400. Go figure! Compared to a few others, we’re not down as much. At 345, we’re at a 5.0 trillion valuation while NVDA has been hammered down to 4.4 trillion.'
on Premarket: Apple is green - 'Not likely to spike up and stay today given market sell off. Apple down 3.71 at 11:45 EST.'
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'Apple is and will always be the Lone Wolf as they value a customer’s privacy. Every other Big Tech Company monetizes that personal data for their own purposes and now they want everyone to cede their privacy to them so they can store it all in their own data center clouds. Apple will never go along with that business model and once consumers understand how Apple aggressively protects users privacy as opposed to Altman and these various LLM’s, there will be a backlash similar to what just happened in the midterm elections. Hard to decide who is worse: Altman or Zuckerberg?'
on Mark Gurman: Apple curtails AI use by its engineers - 'Neal – Interesting idea to guess at the savings. Just for fun, let’s say that they can save $200 per employee (based on the $300 down to $100 mentioned in the article). So that is then $32m _every day_, which is $960 a month. $12b a year is really money even in Apple terms.'
on Mark Gurman: Apple curtails AI use by its engineers - '”Unlike the air its engineers breathe, Apple’s AI is not free.” Neither are the engineers. The balancing act is the cost per unit of work product. Sounds like Apple has been researching the best cost per unit of work product method, human or AI, and has made a determination.'
on Mark Gurman: Apple curtails AI use by its engineers - 'If I had to guess who was Gurman’s source, it would be the design department, if this really is a thing. So I wonder if the curb on AI usage is more related to personal usage than for professional usage. Secondly, unless this is becoming a huge line item, I am wondering how much does this really save Apple vs pissing off its employees. Apple has around 160K employees. If they save $100 per employee,(which probably way overestimates the savings) that is 16 million dollars. Not inconsequential but, when looked at related to total apple revenues/earnings, not a big percentage at all(more of a rounding error). Maybe it is on a department by department basis and related to people wasting AI usage. Not really enough information to tell what this really is about.'
on Mark Gurman: Apple curtails AI use by its engineers - 'In a related story, Bloomberg announced a reduction in the use of intelligence by its journalists, particularly those covering Big Tech. “We find doing actual research is expensive, so it’s much easier to move markets by just making stuff up. Actual analysis is over-rated, so we’ll just go for what brings in the clicks” '
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'I think we need to check if they are sociopaths first … then, if not, maybe listen…maybe'
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'Great material. Thanks. So AI’s debt fueled demand has created both a memory and silicon shortage, made worse because cloud AI’s HBM requires 3x the silicon as Apple’s DRAM, per bit.'
on Errol Brandt: Sam Altman says memory is wasted in your Apple devices - 'Good stuff – Sam is a self-serving prick.'
on What the midterm results mean for the AI buildout - 'Joseph, the odds are slim and none, with None being the operative term. When you’re a crooked politician, contriteness, admission, and taking responsibility have already been excised from their thinking and vocabulary. Now the operative actions are to get what you can while you still can, leave a mess behind (as always for Republicans), and make cleanup as difficult as possible for the party elected to replace you. Doing a mea culpa does nothing to pad your Swiss bank account or vacation home outside of the US so why bother, you weren’t accountable to constituents, rule of law or the Constitution before, why start now? Something about changing stripes and seeing true colors, plus rats abandoning ship should be noted here.'
on What the midterm results mean for the AI buildout - 'Well, it IS electric and those shorts can deliver quite a shock! 🙂'
on Apple price target changes - 'I haven’t run out of runway or patience but if Apple share price keeps increasing I may run out of options …..literally out of options. I mean can an honest trader get a pullback for a couple of months?'
on Apple bungee jumps to $349.51, a new record close - 'Interesting that AAPL has traded above $350 in pre-market, open market and after hours on numerous days recently, but just can’t close over $350. Is tomorrow the day?'
on Apple bungee jumps to $349.51, a new record close - 'I missed the absolute low Monday after hours but I was able to buy a pile that night at 227 to 227.6. I can trade till 8pm at Fidelity.'
on Apple bungee jumps to $349.51, a new record close - 'Man, did all those after-hours dumpers of AAPL following earnings just get spanked! And yes, I’m havin’ a laugh! Congrats to all those who had the gumption yesterday AM to beat everyone to the punch!'
