aapl
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Post by aapl on Jun 4, 2024 1:49:01 GMT -8
Apple is down in the premarkets: $193.27 -$0.76 (-0.39%)
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chinacat
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AAPL Long since 2006
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Post by chinacat on Jun 4, 2024 4:58:41 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Jun 4, 2024 6:14:37 GMT -8
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mark
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Post by mark on Jun 4, 2024 8:32:33 GMT -8
I've read a few pieces (can't find them now of course) recently that have questioned the ROI of "AI". Apparently companies have invested over $50B into AI hardware/software and so far there isn't much ROI to be seen. Some have compared it to the Internet in 1999 where the "new thing" was indeed a blockbuster, it just took a few years for the ROI to appear. So I wouldn't be too perturbed if Apple played down "big AI" and instead focused on "small AI" (adding small incremental features to existing products). That doesn't mean that I don't think Apple should set up some huge AI data centers with their latest chips (as discussed earlier, Apples advanced chips compare well to Nvidia's advanced chips, especially when you take power consumption into account). Found a few - www.forbes.com/sites/cognitiveworld/2024/04/12/what-are-the-roi-metrics-for-ai-projects/?sh=7688d6ff1b95www.cio.com/article/2112589/wheres-the-roi-for-ai-cios-struggle-to-find-it.html
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Jun 4, 2024 9:31:14 GMT -8
Thanks Mark for some great links. They were good reading. As the population declines and the cost of labor increases the return on investment will likely be through the reduction of the workforce. Basically taking robotics to the next level. Maybe an example would be the evolution of the telephone from needing to talk to an human operator for a connection to today where you simply tell your phone who you are wanting to call and it does all of the work for you, seamlessly. It would be interesting to know how many years it took Bell Telephone to receive a positive return on its investment. Maybe someday soon Siri will be able to answer that question for me.
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mark
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Post by mark on Jun 4, 2024 10:14:14 GMT -8
Thanks Mark for some great links. They were good reading. As the population declines and the cost of labor increases the return on investment will likely be through the reduction of the workforce. Basically taking robotics to the next level. Maybe an example would be the evolution of the telephone from needing to talk to an human operator for a connection to today where you simply tell your phone who you are wanting to call and it does all of the work for you, seamlessly. It would be interesting to know how many years it took Bell Telephone to receive a positive return on its investment. Maybe someday soon Siri will be able to answer that question for me. The human operator being replaced by an automated system is an excellent example. With human operator: Phone bill is $65.43/month plus $1.25 per minute for long distance calls. Operator is paid $4.40/hr and handles 27 calls an hour on average. With automated system: Phone bill is $50/month with unlimited calling. Automated system cost $23M and can handle essentially unlimited number of calls per hour. Where's the ROI? If AI replaces some segment of employees, then the ROI would be the savings on compensation for those employees minus the cost of the AI and the cost of the maintenance of the AI. But that's only assuming that nothing else changes. And very rarely does nothing else change.
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Post by hledgard on Jun 4, 2024 10:49:43 GMT -8
Thanks Mark and Dave ! This discussion gets right to the heart of the premise for AI. The use case for asking your phone to call Nelly is a good one. Definitely needs some natural language processing, and definitely is useful.
The challenge for Apple is to be careful, educate its users of any new use cases, and not get blinded by the smoke.
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