New York Times (July 25)
“One question is at the top of many investors’ minds: Is the hype around artificial intelligence, which has propelled tech giants’ stock prices sky-high in recent months, justified, or is it another bubble in the making?” At the moment, “Wall Street is deeply divided about the A.I. rally” though this may change as Big Tech reports earnings.
Tags: Artificial intelligence, Bubble, Divided, Earnings, Hype, Investors, Justified, Propelled, Rally, Sky-high, Stock prices, Tech giants, Wall Street
LA Times (June 5)
In a prime example of “hype and plunder,” Domo’s filing for an IPO “may be setting a new low for self-indulgent IPOs.” Once valued at $2-billion, this unicorn is “deeply in the red and burning through cash so fast that if it can’t stage its IPO by August or borrow millions, it will have to shrink drastically—conceivably, reading between the lines, to nothing.” But the “most disturbing aspect of the IPO filing” is the voting rights associated with the new shares. Before the IPO, the founder “has 91.7% of the votes. The IPO won’t change that materially.” This “points to a persistent flaw in Silicon Valley financing: the willingness to give start-up founders unassailable control of their companies, to the point that investors have no recourse if things go blooey.”
Tags: Control, Disturbing, Domo, Flaw, Founders, Hype, Investors, IPO, Plunder, Self indulgent, Silicon Valley, Unicorn, Voting rights
New York Times (August 12)
“For the last half-decade, three-dimensional printing has been billed as the next revolution in manufacturing. The Economist and Wired have declared it world-changing technology…. But for all the hype, it’s still unclear exactly how and when 3-D printing will have an impact on our daily lives.”
Tags: 3-D printing, Daily lives, Hype, Impact, Manufacturing, Revolution, Technology, The Economist, Wired, World changing
Wall Street Journal (February 4, 2014)
The Nikkei’s fall puts added pressure on Shinzo Abe’s efforts to revive Japan. The correction may prove temporary, but it is surely a sign of underlying weakness in Abenomics, which should be fortified. “Policy makers shouldn’t govern by the wishes of stock markets, but in this case Mr. Abe could take a hint. If 2013 was the year when he hyped Japan’s economic prospects, 2014 will need to be the year when he starts doing something about it.”
Tags: 2014, Abe, Abenomics, Correction, Economic prospects, Hype, Japan, Nikkei, Policy makers, Stock markets, Temporary, Weakness
