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AI mania is worse than 1999's tech bubble, Apollo's top economist warns
Yahoo Finance ^ | July 18, 2025 | Francisco Velasquez

Posted on 07/18/2025 11:02:45 AM PDT by lasereye

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To: Sequoyah101

“What? Solar, home power batteries, charge points? “

And MORE! Obviously, you did not do your homework.


21 posted on 07/18/2025 11:50:04 AM PDT by TexasGator (/i.. logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: webheart

Here goes

Option 1 (Concise and Clear):
“I’ve recently started using this tool in my CPA practice and find it extremely helpful. It’s going to allow me to increase my fees while decreasing my time—a true win-win.”

Option 2 (Slightly More Formal):
“I have recently integrated this tool into my CPA practice and have found it to be exceptionally valuable. I anticipate its use will help me increase my fees and simultaneously reduce the time spent on client work, which is an ideal win-win scenario.

Option 3 (As a Testimonial):
“As a CPA, I’ve found this tool to be incredibly effective. Since implementing it in my practice, I can already see how it will help me improve efficiency and deliver more value, ultimately allowing me to increase my fees and decrease my hours. It’s a fantastic win-win for my business.”


22 posted on 07/18/2025 11:50:14 AM PDT by Raycpa
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To: lasereye

AI is the latest fad. Unfortunately, it isn’t going away. It will be used for many things where it isn’t really suitable. And it won’t be used to give us more freedom. Instead it will help the fascists take away more of our freedoms.


23 posted on 07/18/2025 11:53:48 AM PDT by I want the USA back (America is once again GREAT! )
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To: TexasGator

I stand corrected, they are merely a 90% car maker.


24 posted on 07/18/2025 11:53:59 AM PDT by Sequoyah101
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To: lasereye

BUY BEAR STEARNS!!!

BUY PETS DOT COM!!!

As an aside. I have been having a great time using AI. I can’t tell you how much time it saves making code for my little machine controls. I get on Grock and type in “I need a PLC ladder program that controls.....this and that...” and in a minute I have workable ladder programs, python, or C++ with HMI graphics all ready to go. Hours and hours of manual programming done way better and cleaner than I could have done it. Autodesk has released their “generative AI” based design capabilities that produces some really great designs. It’s not “smart” enough to realize what it designs can not be produced easily just yet but it’s getting better.

I can’t wait until AI does my taxes and book keeping.


25 posted on 07/18/2025 11:59:52 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: Sequoyah101

“I stand corrected, they are merely a 90% car maker.”

Correction. The automotive sector is 80%.

And you are looking backwards. Investors are looking foward.


26 posted on 07/18/2025 11:59:53 AM PDT by TexasGator (/i.. logo About Issues Projects Products Connect Subscribe Invest June 19, 2025 | Insight '1-1111 -)
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To: lasereye

Microsoft’s PE ratio looks to be in the upper 30s, which is too high for me to be interested in buying, but at least it does have earnings. Nividia is in the mid 50s which is grab a parachute and bail territory, although it has been much worse in some recent years. On the other hand Intel has a PE of zero, because they are in a hole and digging.

Looking at defense stocks these days.


27 posted on 07/18/2025 12:00:40 PM PDT by PAR35
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To: Raycpa

“I’m using it in my CPA practice recently and I find it extremely helpful tool and its uses going to help me increase my fees and decrease my time a win-win”

Excellent. I use it for machine automation coding. What takes me hours, days even, a few prompts in AI will give me everything I need ready to be tweaked.

How is it used for accounting and book keeping? Are their particular services for the small business? That is my most hated of all aspects of running my business.


28 posted on 07/18/2025 12:02:06 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes.)
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To: roadcat

Excuse me, they are only a 90% car maker. My mistake.

It is a shrewd idea to shift focus from producing cars as a core business because that promotion has about reached the end of its shelf life. The hype and the vehicle to take advantage of it and subsidies hit a home run though for Musk and some others.

A power and utility company? I’m sure they will do much better than ConEd and the rest. If they choose to get into smal nuclear they are just another part of a large pack with the same goal, one may be successful. All other business streams contribute about 10% to the revenue of Tesla. Musk is a master of shifting the goal post to new, bigger and better than the last goal that has not yet panned out well for anyone but Musk.

If ad hominem attacks are the best you can do leave me alone. You are entitled to your opinions and choice of facts just as well as I am.


29 posted on 07/18/2025 12:05:40 PM PDT by Sequoyah101
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To: TexasGator

Well, best to ya.


30 posted on 07/18/2025 12:06:06 PM PDT by Sequoyah101
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To: Sequoyah101
'Tesla is simply a car maker and ranks globally in the bottom of the pack by number of units but second to Ferrari in profitability per unit.'

TSLA is the only way the common joe can invest into other Musk projects. Starlink, boring company, etc etc aren't into the public sphere, TSLA is the default off the added exposures.

31 posted on 07/18/2025 12:09:24 PM PDT by Theoria
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To: Organic Panic

I haven’t experimented with bookkeeping yet. I would like to see it take a spreadsheet that a client gives us and summarized the information necessary to input into a tax return.I did give it some complex Excel spreadsheets to see if it can tell me what they were doing and it was fairly on point. Intuit has some tools that I’m not overly impressed with yet but I may not understand how to use them fully. I’m definitely at the experimentation phase.

I used it to help design a business plan for a new service.

I’ve also used it to help me document what a new business needs to be concerned about for tax financial and legal aspects. That’s something I’ve been wanting to do for years but never got around to it and with AI I was able to do it in an afternoon

It was also very helpful in responding to answering complex questions from my employees allowing me to just say if you words rather than type out a whole two page report with references to tax code. The program does all that for me.

I’m a little shy using it for emails to clients because it won’t sound like me. But I do look forward to having it create templates for me and my employees to use so that we can avoid misunderstandings.


32 posted on 07/18/2025 12:13:30 PM PDT by Raycpa
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To: lasereye

these morons love to talk about the tech bubble, but the fact of the matter is, even if you went all in the day before that bubble popped, and had simply held until now you would have made 6 times your money now by simply investing in a Nasdaq ETF.


33 posted on 07/18/2025 12:17:39 PM PDT by TexasFreeper2009
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To: noiseman

“Unless we’re just going to create an idiocracy that unquestioningly trusts anything some “AI” algorithm spits out (a very real risk given the current foolish feeding frenzy), I see no long-term place for “general AI.” The very concept is fatally flawed, no matter how advanced the calculation engines that it runs on become.”

And they are already creating an idiocracy. They will let it dictate government, finance, education, healthcare, legal systems... And every little detail of our lives.


34 posted on 07/18/2025 12:26:13 PM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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To: lasereye
Contradicting the premise of this article at least in the short run:

Nvidia and 2 Other Chip Stocks to Play AI Into Earnings, Says J.P. Morgan

35 posted on 07/18/2025 12:27:10 PM PDT by lasereye
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To: Sequoyah101

Nuclear stocks have been soaring. The new thing is much smaller nuclear reactors (Small Modular Reactors) than the old days.


36 posted on 07/18/2025 12:29:55 PM PDT by lasereye
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To: E. Pluribus Unum

Yep. If all the data fed into it says a giraffe is an elephant that’s what it will answer.


37 posted on 07/18/2025 12:30:33 PM PDT by Fledermaus ("It turns out all we really needed was a new President!")
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To: Raycpa

“ its uses going to help me increase my fees and decrease my time a win-win”.
Without mistakes that you are liable for?


38 posted on 07/18/2025 1:30:41 PM PDT by 9422WMR
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To: 9422WMR

I still have to check and verify my work, just like I have to check and verify the work of my employees. And if that fails I have insurance.

For example we use technology for preparing tax returns for years. I still need to verify the answers they give me. Even on accounting software I need to verify that it’s accurately calculating things. We don’t just blindly trust a product prepared by technology without cross checking.

Using AI is nothing different than another tool that needs to be verified and checked.


39 posted on 07/18/2025 1:46:32 PM PDT by Raycpa
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To: Theoria

If anyone thinks they are getting exposure to the financial gains of SpaceX, X, Nerualink, Boring Company, AIx, Starlink etc. by purchasing shares of Tesal they had better do some reasearch about what they are buying. There may be some collaboration with Tesla but it had better be strictly a formal business relationship if Musk does not want the SEC to be all over him. The only combined companies involved are Starlink and SpaceX.

But don’t take my word for it. Someone should look for themselves. A simple google query makes it simple.


40 posted on 07/18/2025 2:28:46 PM PDT by Sequoyah101
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