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InvestTalk

Tech Giants' Race to Fix AI Data Crisis

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 24 July 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

Major AI companies are facing a critical shortage of training data as websites restrict access and high-quality sources become scarce. This emerging crisis is impacting industry leaders like OpenAI and Google, who are exploring solutions such as million-dollar deals with publishers and the generation of synthetic data. The shortage of training data could significantly reshape the AI landscape by 2026, raising questions about the future of AI development and the ethical use of data.

 

Today's Stocks & Topics: UPS - United Parcel Service Inc. Cl B, Market Wrap, APTV - Aptiv PLC, ADRs vs. Buying Foreign Stocks, AI Data Crisis: Tech Giants Scramble for Solutions, TELL - Tellurian Inc., ANF - Abercrombie & Fitch Co., Hottest Job Market in a Generation Is Over, EL - Estee Lauder Cos. Cl A, Asset Allocation, SM - SM Energy Co., Corporate Carbon Credits, Investing in Other Markets, Target Audience: Xbox.



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Transcript

Click on a timestamp to play from that location

0:00.0

On radio, on YouTube, streaming live on Invest Talk.

0:05.0

And for our podcast subscribers, this is Invest Talk, above average investing for the average

0:15.8

investor. Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States.

0:27.4

Here is KPP Financial portfolio manager Luke Guerrero.

0:33.0

Good afternoon fellow investors and welcome back to Invest Talk.

0:38.0

My name is Luke Guerrero and today's Wednesday, July 24th, 2024.

0:42.0

And I am very excited to be here with you. You know, my day today, I spent a lot of time talking

0:48.7

to clients, talking about their portfolios, hearing about their needs, hearing about changes in their lives, and that's because

0:57.2

generally I find the best part about my job is interacting with people.

1:02.4

And so after a day working at KPP, I come here and I hope that over the next hour

1:06.2

I get to interact with you directly through your live calls, through your voicemail,

1:10.5

through your comments on YouTube, and help make you a better and more informed investor.

1:16.3

Now that being said we'll talk about the market today and boy was at a change of pace today.

1:25.1

We'll also run down some show topics that I had planned for you but let's tackle our first caller question now. Hi you have a day from Ohio

1:29.0

I was calling in about UPS, my picks them up today at 125, just get your general thoughts on

1:36.2

it, a long-term hold. I love the show and I'll be listening. Thank you.

1:52.4

So UPS, the United Parcel Service, is a freight shipping, commercial shipping, residential shipping company. They recently reported earnings on July 23rd

1:54.6

with some misses and some pretty bad guidance for the rest of you.

1:57.5

Though improving based upon what they said earlier in the earnings per share was

2:00.8

at 179 that was 10% lower than expected.

2:05.0

Sales revenue was at 21.8 that was 1.7% lower than expected.

2:09.3

But again, most people are looking looking at the forward looking guidance for UPS.

...

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