Wall Street Breakfast Nvidia CEO sees reasoning AI if costs slide
Oct 9, 2024
Jensen Huang discusses how AI software is evolving to reflect its own conclusions, hinting at exciting advancements in reasoning capabilities. Hurricane Milton is projected to cause significant financial damage, raising concerns in the market. Meanwhile, Boeing faces potential downgrades to junk status, adding to the industry's volatility. On the tech front, Taiwan Semi reports impressive revenue growth, while Apple struggles with a decline in global PC shipments, leaving Lenovo in the lead.
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Future of AI: Reasoning
- Future AI tools will reason by analyzing numerous steps and reflecting on conclusions.
- This differs from current systems like ChatGPT, which NVIDIA's CEO, Jensen Huang, uses daily.
Hurricane Milton's Impact
- Hurricane Milton is projected to cause $100–$175 billion in insured losses, surpassing Katrina's $65 billion (2005).
- Investors are watching the Procure Disaster Recovery Strategy ETF (FIXT), which tracks disaster recovery companies.
Boeing's Financial Troubles
- Boeing faces a potential credit rating downgrade to junk by S&P due to the ongoing strike's financial strain.
- The strike costs Boeing $1 billion monthly, with projected $10 billion cash burn in 2024.