Technology StocksThe Singularity, A.I.: Machine & Deep Learning,. and GFA

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From: koan9/24/2017 12:39:37 PM
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Fixation on negative and positive things: Great and important concept to think about, that people very seldom do. See bottom of page.

I am reading Homo Deus and as I expected the entire book is written at a sophistication of intellectual perception a full level above what most of us live in i..e. he applies logic to mundane things that makes one realize basic concepts are much larger in scope than we seldom think about e.g. what is happiness, how should we pursue it, what does it represent in the grand scheme of things: or, lol, that we are an animal trying to negotiate a technological environment (created haphazardly) with a mind which is evolved for a nomadic life style, not evolved to survive in.

So we need to create an existential mind that can adapt to the modern world.

AI is going to be operating in the existential reality and so we need to be able to see it.

I recommend Homo Deus for one to see what reality looks like when understood at a full level above the reality people live in as seen in common conversation and perception and life style choices,


An interesting consequence of human mind is our fixation on the negative. After watching this TED talk I realized how true this was for me personally. Experiments show that negativity is twice as 'sticky' as positive thought. Norman Vincent Peale talked about the power of positive thinking. The skeptics and cynics (like me) find great humor in the Life of Brian where they are all on the cross singing - "Always Look on the Bright Side of Life" - a personal favorite. But in that is a powerful message - Try not to get sucked down by the surplus of negativity and remember that bad stuff impacts people twice as much as good and is twice as hard to reverse, leading to a 4x multiplier.

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To: koan who wrote (59)9/24/2017 1:08:15 PM
From: zzpat
   of 165
I'd be curious to see what part of the 60s historians think changed the world more, birth control (the pill) or all the other issues.

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To: zzpat who wrote (67)9/25/2017 11:22:21 PM
From: koan
   of 165

They both changed the world greatly. I see no reason to ask that question.

The 60's was transformational because it was a period when the kids and liberals sort of had a collective epiphany which was:" we need to throw out primitive destructive ideas, like racism and misogyny and tribal dogma which prevented so many from self actualization and manifest destiny and replace it with modern existential humanitarian thinking

Continuing to read Homo Deus. He is explaining how the rich are starting to "buy" designer babies and there will be no stopping it. Kids with three parents: Two DNA and one RNA; or fertilize several eggs and pick the one with the least defects..

This is where we are headed, and no going back, so buckle your seat belt and those who choose denial to embracing this reality will have a tough life and if they teach that to their kids they will be left behind.

And if we do not address it here other countries will, so--------?


I'd be curious to see what part of the 60s historians think changed the world more, birth control (the pill) or all the other issues.

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To: koan who wrote (68)9/26/2017 10:54:16 AM
From: zzpat
   of 165
The era of liberalism that began with a revolt against the ruling parties is now creating enormous wealth with the Internet and AI (I'm obviously younger than you). There are very few conservative companies that are capable of doing what liberals have already done and are capable of doing. I think they're angry that their belief system can't fix any of our problems and it's the source of their inferiority complex.

They need to taste success and so far it eludes them.

They have power but they don't know what to do with it. Liberals were never that wimpy. We (two generations) changed the world and there's no looking back. From ending a war in Vietnam to creating Google, Apple, Netflix, Facebook, Twitter and so much more our influence is global. I think they kinda know they hitched themselves to a dead horse but they can't unhitch themselves.

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To: zzpat who wrote (69)9/26/2017 12:10:40 PM
From: koan
   of 165
The singularity is an organic manifestation and was always, and is always, going to evolve until it overrides human thought and there is nothing anyone can do about it except adapt. And that will mean merging with it.

The 60's cultural revolution was also organic in the sense its time had come, just like when we ended slavery, segregation and misogyny.

That same cultural revolution we underwent in the 60's is now taking place all over the world and can be seen in recent cinema from around the world. The young writers and directors are taking the "elders" in second and third world countries to task for their inherent caste systems, misogyny and general denial of basic civil rights.

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To: koan who wrote (70)9/26/2017 1:21:13 PM
From: zzpat
   of 165
The fall of the USSR was a perfect example of how fast technology can change the world. Once Russians were able to see our TV shows (and commercials) the communist grip couldn't possibly last. The music from the 60s and 70s is very popular in Russia. Perhaps they want revolution again. I'm betting on it.

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To: zzpat who wrote (71)9/26/2017 4:09:16 PM
From: koan
   of 165
edit wrong thread.

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To: dvdw© who wrote (44)9/26/2017 10:11:19 PM
From: John P
   of 165
NVDA takes a Hit today: Tesla Shifts to Intel From Nvidia for Infotainment

By Ian King
September 26, 2017, 3:40 PM EDT September 26, 2017, 4:49 PM EDT

The giant information and entertainment screens in Tesla Inc.’s cars will be powered by new components from Intel Corp. after the automaker replaced chipi supplier Nvidia Corp. for that function, according to people familiar with its plans.

Tesla’s Model 3 and new versions of its other cars will get the new Intel processing modules, said the people, who asked not to be identified speaking about a private agreement. Nvidia and Intel declined to comment. Tesla declined to comment.

(the tremendous irony at the moment is that no one at INTC, NVDA, or TSLA will comment on the record.... however, NVDA opened on it's high today after positive news of the Chinese Cloud companies announcing yesterday that they would be using NVDA GPU's in their cloud computer's.... and then NVDA closed near it's low, while INTC has closed near it's high... editorial observation by JJP)

Cars are being made with more electronics inside, making the automotive market increasingly important for chipmakers. Nvidia’s stock has surged more than sixfold in the past two years, partly on its rising business with car makers. Most of the new revenue has come from the new dashboard systems that control entertainment and information for drivers.

Intel, the world’s largest chipmaker, is looking to lower its dependence on personal computers and persuade car makers they need its powerful processors to make vehicles capable of making more decisions for themselves. Intel doesn’t break out how much revenue it gets from that market. In its most recent quarter, Nvidia reported automotive sales of $142 million, about 6 percent of its total revenue.

Intel shares rose almost 1 percent to close at $37.47 in New York. Nvidia closed at $171.96, up 0.6 percent, after climbing as much as 4.5 percent earlier in the day.

While Tesla is still one of the smaller automakers -- it shipped just over 76,000 vehicles in its last financial year -- it’s been at the forefront of bringing new technology to the market.

The main prize for chipmakers will be providing the computing engine that allows cars to become fully autonomous. Those systems are still in development with automakers and chipmakers announcing test programs with multiple partners. Nvidia’s chips power Tesla’s Autopilot 2 system, which handles some driving situations.

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To: Glenn Petersen who wrote (57)9/27/2017 4:22:37 AM
From: John P
1 Recommendation   of 165
SoftBank and Saudi Arabia Team Up for $100 Billion Tech Fund
Partnership combines deep pockets with one of the world’s most ambitious tech investors

A man exits a SoftBank Group Corp. store in Tokyo. The internet and telecommunications conglomerate is launching a fund to invest in the technology sector. PHOTO: BLOOMBERG NEWS

By Alexander Martin in Tokyo, Alec Macfarlane in Hong Kong and Margherita Stancati in Dubai
Updated Oct. 14, 2016 6:32 a.m. ET

Japanese internet and telecommunications giant SoftBank Group Corp. 9984 +0.26% is teaming up with a Saudi sovereign-wealth fund to create a multibillion-dollar technology-investment fund, in a partnership that combines deep pockets with one of the world’s most ambitious tech investors.

SoftBank, led by chief executive Masayoshi Son, is known for its bold and wide-ranging bets, ranging from Chinese e-commerce giant Alibaba Group Holding Ltd. and U.S. mobile carrier Sprint Corp . to U.K. chip designer ARM Holdings PLC, which it bought last month for $32 billion. On Friday, it announced plans to invest at least $25 billion over the next five years through a fund dubbed the SoftBank Vision Fund.

Saudi Arabia’s Public Investment Fund may contribute an additional $45 billion over the next five years as the fund’s lead partner, SoftBank said. SoftBank said in a statement that the company was in talks with “a few large global investors” who could eventually push the new fund up to $100 billion to become the world’s “biggest investor” in technology over the next decade.

The ambitious plan lands as tech investors continue to plow record amounts of money into firms like Uber Technologies Inc., the world’s most valuable startup at $68 billion, despite soaring valuations that have led many to worry that the sector is overheating.

SoftBank has also been stepping up its deal pace, pouring more than $45 billion into technology investments alongside co-investors over the past two years and putting its overseas investment operations into a separate unit earlier this year. Recent investments include participation in a $4.5 billion fundraising round for Chinese ride-hailing champion Didi Chuxing Technology Co. and $1 billion into South Korea’s largest mobile commerce company Coupang.

To help bulk up its war chest, SoftBank has cashed in some winning bets, selling $10 billion of stock in Alibaba, in which it has a 28% stake, and unloading Finnish mobile game-maker Supercell Oy for $8.6 billion. But it has also borrowed heavily to finance many of its investments and its debt currently has a junk rating.

The addition of the Public Investment Fund boosts SoftBank’s investment firepower. The fund is central to Saudi Arabia’s plan to diversify its economy beyond oil. The plunge in crude prices since 2014 has hurt the finances of the kingdom, which depends on oil income for more than two-thirds of government revenue. Last year, Saudi Arabia’s budget deficit was a record $98 billion, or 16% of gross domestic product.

The Saudi government is expanding the scope and size of the PIF, effectively turning it into a war chest for non-oil investments abroad. In June, it invested $3.5 billion in Uber, its largest overseas bet. Riyadh plans to transfer ownership of state-owned oil giant Saudi Arabian Oil Co., or Aramco, to the fund, which Saudi Deputy Crown Prince Mohammed bin Salman estimated will eventually be worth nearly $3 trillion.

The PIF is preparing for the twilight of the oil,” said John Sfakianakis, a Riyadh-based economist with the Gulf Research Center. “They are looking for another success story like Alibaba.”

SoftBank said its head of strategic finance, Rajeev Misra, will head the new fund, and that it has engaged former Deutsche banker Nizar Al-Bassam and ex-Goldman partner Dalinc Ariburnu for the project.

Investment PivotSoftBank has been shifting investments to the tech sector from telecommunications.

Value of investments
Top three acquisitions

Source: Dealogic

SoftBank, established in 1981 by Mr. Son, has a long history of investing in technology and telecommunications ventures. SoftBank was one of the earliest investors in Yahoo Corp. , a bet that proved hugely successful and which the company largely cashed out of by the early 2000s. SoftBank first invested in Alibaba in 2000, when it put $20 million into the then tiny e-commerce company. Since then, Alibaba has become China’s biggest internet shopping mall worth $249 billion, making it Mr. Son’s most successful bet.

During the past few years, Mr. Son has tried to give more order to SoftBank’s investment operations, separating its overseas investments including Sprint from its domestic mobile businesses and putting it under the leadership of former Google executive Nikesh Arora. Mr. Arora abruptly stepped down in June after facing a barrage of criticism from investors.

After Mr. Arora’s departure, Mr. Son has said he intends to invest in fields including smart robots, the “Internet of Things” and artificial intelligence—areas he has said would be a focus for his company over the next 30 years.

Mr. Son has pledged big bucks elsewhere too. Last year, SoftBank formed a joint venture with India’s Bharti Enterprises and Taiwan’s Foxconn Technology Group to invest about $20 billion in renewable energy in India, although it is unclear how far the project has advanced since its inception. Mr. Son has also said he wants to invest as much as $10 billion in Indian tech companies and around $4.5 billion in South Korea’s technology sector over the next decade.

Write to Alexander Martin at, Alec Macfarlane at and Margherita Stancati at

Appeared in the October 14, 2016, print edition as 'SoftBank Plans Technology Fund.'


(editorial comment by JJP.... the $100 Billion Dollars that the young Saudi King or minister of Finance .... (The entire country of Saudi Arbia is looking to Modernize rapidly as witnessed by them finally giving the right to female Saudi's to drive today for the first time in history shows how they are playing catch up with a more Western society sensibility. The Sovereign Wealth Fund of Saudi Arabia has been very actively deployed especially the $100 billion dollars they gave to Softbank to invest on their behalf..

They have sunk major 5 Billion dollar chunks into companies such as NVDA, and a number of other top tier US best of breed tech stocks this past year..... it has been an interesting episode to watch unfold. JJP)

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To: Glenn Petersen who wrote (57)9/27/2017 5:30:58 AM
From: John P
   of 165
Saudi Arabia and SoftBank plan $100 billion tech investment fund
REUTERS OCTOBER 13, 2016 10:23 PM

Saudi Arabia and Japan’s SoftBank said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world’s largest private equity funds.

The plan is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi Arabia, its economy hurt by low oil prices, deploys huge financial reserves in an effort to move into non-oil industries.

SoftBank’s founder and chairman Masayoshi Son, who has built his company into a $68 billion telecommunications and tech investment behemoth from a $50,000 start-up, has been seeking to expand in new areas.

The Public Investment Fund (PIF), Saudi Arabia’s top sovereign wealth fund, is set to be the lead investment partner and may invest up to $45 billion over the next five years while SoftBank expects to invest at least $25 billion, the Japanese company said in a statement.

Several other large investors are in talks on their possible participation and could bring the total size of the new fund up to $100 billion. The investors were not identified.(Ultimately the Saudi's contributed $100 billion themselves by the time this summer rolled around, I will look for documentation on that.... Several of my co workers spend a significant amount of time NVDA, machine learning, AI and all the ancillary areas.... so we have thick binders of research, 10Q filings... as well as the wealth of information that come off of the investor section of the NVDA website... the same thing can be said for several of these premier companies

GOOGL has the most incredible website.. the deeper you dig the more you find.. and the more you find the deeper you dig... and it never ever stays static and the same for long!!!!!

editorial note by JJP)

“With the establishment of the SoftBank Vision Fund, we will be able to step up investments in technology companies globally. Over the next decade, the SoftBank Vision Fund will be the biggest investor in the technology sector,” SoftBank Chairman Masayoshi Son said.

The fund would be managed in Britain by a subsidiary of SoftBank.

Investment powerSaudi Arabia’s Deputy Crown Prince Mohammed bin Salman, (THE Crown Prince is single handedly moving Saudi Arabia quantum leaps ahead in global investing and in modernizing and westernizing Saudi society) leading an economic reform drive in the kingdom, has revealed a string of high-profile investment plans this year.

He has said he aims to expand the PIF, founded in 1971 to finance development projects in the kingdom and until this year little known abroad, from $160 billion to about $2 trillion, making it the world’s largest sovereign fund.

In June, the PIF departed from Saudi Arabia’s traditional strategy of low-risk investments and took a step into the tech world by announcing the $3.5 billion purchase of a stake in U.S. ride-hailing firm Uber.

The deal illustrated how Riyadh now hopes to use its investments to develop the economy: Uber is a popular form of transport for Saudi women, who are banned from driving, and is creating badly needed non-oil jobs for Saudi citizens.

SoftBank’s tech and telecommunications portfolio ranges from U.S. carrier Sprint to a stake in Chinese e-commerce giant Alibaba.

Its $32 billion purchase of British company ARM in July established its first major presence in chip making, driven by expectations for a shift to the so-called “internet of things” – networks of connected devices, vehicles and sensors.

Son said earlier this year that he wanted to “cement SoftBank 2.0” by working on unconventional ideas.

(Reporting by Andrew Torchia and Tom Wilson; Additional reporting by Sami Aboudi in Jerusalem, Ali Abdelatti in Cairo and William Maclean in Dubai; Editing by Edwina Gibbs)

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