AI experts Asit Sharma and Ricky Mulvey, along with co-CEO discussion expert Jason Hall, dive into the latest AI offerings from Alphabet and OpenAI. They also discuss the implications of high shelter inflation, market trends, and the impact of co-CEO departure on investors' thesis.
Recent AI updates from Google focus on enhancing search functionality with AI summaries and personalized planning options.
Boston Omaha's market cap trading below book value raises concerns about its growth prospects and capital allocation efficiency.
Deep dives
Financial Insights and Market Trends
The podcast delves into the April inflation report where core CPI shows a 3.6% year-over-year rise, the lowest since 2021. While the Fed views this favorably, caution is urged as trends require more data. High shelter inflation, up 5.5% over 12 months, stands out as a metric receiving Fed attention. This data has positively impacted markets like the S&P 500, hitting all-time highs.
AI Developments from Google and OpenAI
Recent AI updates from Google focus on enhancing search functionality with AI summaries and personalized planning options. These changes aim to provide users with a more conversational search experience, potentially reducing the need to click through to external sites. OpenAI unveils Chat GPT 4O, emphasizing conversational abilities and emotional analysis, reminiscent of the AI assistant in the movie 'Her'. Project Astra, another innovation, offers a contextual AI experience via smartphone and smart glasses.
Impact on Boston Omaha and Future Strategy
The podcast addresses the changing landscape at Boston Omaha following CEO Alex Rosic's departure and the shift in company strategy. Boston Omaha's market cap trading below book value raises concerns about its growth prospects and capital allocation efficiency. The focus now revolves around CEO Adam Peterson's ability to optimize existing assets and generate returns, shifting investor focus from a capital allocation play to a bet on operational growth. Investors are advised to monitor Peterson's strategy execution and evaluate the company's performance over the coming quarters.