IBM lays out its wares & Nvidia goes for Japan IBM & Quantum computing – Still no Pong. Quantum computing is lining up to be the replacement for silicon when the rules of physics finally make it obsolete, but even with advances from IBM, there is still a very long road to travel. IBM will publish a series of papers...
The race has just begun The contenders are already jostling for position when it comes to ownership of the emerging AI Ecosystem where OpenAI is in the lead, but its internal foibles have given everyone else and especially Meta a leg up. The smartphone ecosystem is already well established where Apple, Google and Tencent are the clear winners, but the...
Apple fails to graduate from Hogwarts. It looks like Apple is giving up on its attempts to design an in-house 5G modem which is a big benefit to Qualcomm not for modem sales but because Apple will not be able to start another fight over royalty rates when its current contract expires in 2026. If Apple is unable to reopen...
Alibaba plumbs the depths. Alibaba has lost its crown as the biggest e-commerce company in China to PinDuoDuo, which combined with a botched restructuring and lacklustre results leads one to think that Jack Ma needs to be much more involved rather than operating from the shadows. PinDuoDuo reported stellar results this week with revenues almost doubling which sent the US-listed...
I would like to pay tribute to Charlie Munger who passed away last night. His acerbic wit and common sense had a profound impact on the way I analyse companies, themes and investments. He will be missed. Jensen steals the show. AWS is holding its annual re:Invent conference where its own silicon chips played second fiddle to Nvidia’s in just...
The valuation event will speak volumes. Although OpenAI is probably worth more now than it was 2 weeks ago, the share sale is unlikely to go through at $86bn and will serve as a measure of just how strong the AI-everything narrative remains after the Open AI earthquake. Despite the hot mess that became Open AI a few weeks ago,...
The ecosystem is still in trouble. OpenAI has been put back the way that it was, but the governance will be very different and the damage that has been done to its ecosystem aspirations could greatly impact its long-term future. Mr Altman and his crew have been reinstated at OpenAI and a new board has been formed but how the...
Reality undermines the restrict strategy. China has resumed exports of Gallium and Germanium in another sign that unless one controls the reserves, restricting access to a mineral is a poor negotiating strategy. RFM Research and Alavan Independent are of the opinion that the USA’s strategy to slow China’s rise as a technological and geopolitical power by restricting semiconductors is reasonably...
Almost perfect with a valuation to match. Nvidia reported another stellar set of results, but it will need to increase its bookings at TSMC in 2024 if it wants to continue growing and I am far from certain that TSMC has the space at these nodes to accommodate the demand. FQ3 2024 revenues / EPS were $18.1bn / $4.02 well...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
AI Ecosystem– AI Alliance
Meta is the senior partner. Meta is moving to cement its grip on the emerging AI ecosystem by partnering with a range of “have-not” AI companies to increase support of open-source where its foundation model is the industry standard. Meta is leading the AI Alliance (see here) which includes IBM and around 50 other AI companies, universities and tech companies...