Sure, some people who bought high and sold low lost some money. It wasn't anywhere near $443 billion though. Oracle has almost 3 billion shares, only half of which are even publicly traded. Ellison himself owns about 40%.

All of the people who were replaced by AI technically have a zero day work week now. AI has clearly exceeded expectations! Quick, pour even more money into the pit and don't ask whether or not it's actually effective.

We can hope, but probably not in the immediate future.

This is plain bullshit. Itâs that until recently, air condition was not necessary at all. Europe is very far to the north. Great Britain for instance lies between the latitudes of Vancouver Island and Juneau, Alaska. On the other side, Montreal, Canada is on the same latitude than Milan, Italy, and Toronto is as far to the north as Florence. Most of the continuous U.S. is somewhere between the Mediterran and the Sahara Desert. No one in southern Italy doubted the necessity of air condition in the Summer. For Germans or Scandinavians on the other hand, air condition was just a waste of space and energy, because it never was hot enough for A/C to make a difference, except in large office complexes with their large windows and basically no shadow. And they all have air condition. This year, nearly all European places have posted new local temperature highs. Europe today is hotter than it ever was in recorded history.

Jetson is Nvidia's version of a Raspberry Pi.

What "class of hardware" do you think it is?

It's interesting that none of the Constitutional crises Trump has perpetrated have resulted in the use of emergency powers

I'm not sure which ones you mean, but certainly some of them have. Bypassing the Posse Comitatus Act using the Insurrection Act, for example, and each of the times the national guard was federalized. The most famous one, January 6, specifically involved strategically not deploying emergency powers when they were meant to be used though.

and have enough disposable income

There you go.

What's your company's policy on expensing rental cars for travel? Do they cover the Porsche?

Tomahawks have had visual terrain following for forty years. They even had strobe lights so they could see the ground at night. They had a whole bunch of clever software and a bunch of mainframe preprocessing to make up for the lack of processing power, and have improved their capabilities over the years as computers got better.

Now you can pop in a $200 mass produced board that's orders of magnitude better, feed it some aerial photos over USB C and say sic 'em. Of course both the Russians and Ukrainians are doing it.

If these drones are a security risk

They're not, any more than Canada is a drug den or Europe is a mecca for slave labour. The US president is not allowed to levy taxes; that's a power given to the US congress by the US constitution. However, in the case of an emergency the executive can give itself more power. Emergencies like national security risks.

Most countries have that kind of emergency mechanism. They're usually used very rarely and for limited durations in times of war or terrorist attacks, stuff like that. The US has had 90 emergencies since 1976, of which 51 are currently active. Actually, probably a few more than that... it's hard to keep up.

Here's the list:
https://en.wikipedia.org/wiki/...

it seems they're trying to make that sound like "really soon", but wow that's a long time as far as people are concerned....

that's well over a million generations of humans

It's a replacement for current turboprops, on their shorter routes. This is a picture of this plane:

https://www.heartaerospace.com...

This is the De Havilland Dash 8:

https://en.wikipedia.org/wiki/...

And the ATR 42:

https://en.wikipedia.org/wiki/...

Note some similarities?

You're need to get to work, get groceries, maybe go for an occasional Sunday drive. Do you buy a Porsche or a Honda?

SpaceX is. Grok/Twitter/xAI isn't. And SpaceX themselves advise that most of the growth potential, and thus most of the future value, is in the latter, not the former.

Software. Software companies often get P/E ratios of around 30 because they spend lots of money developing a product but after that they usually have very high profit margins and their incremental cost is pretty close to zero. That's why everyone, from Tesla to Uber, wants to be a "software company."

They're not though, and neither is Anthropic. They're a service provider whose ongoing costs are very high and there's no real reason to think they're going to be coming down much in the near future. Their incremental costs are also very high, having to pay for all the processing time. They're more like Tesla who has to actually build cars not just provide a download link. Except even Tesla doesn't have to spend billions every quarter to come out with a new product to keep up with their neck and neck competitors.

I think that remains accurate, but it depends on the domain.

Search had always been free form text input, and that extends to this, open ended interaction with impossibly large dataset to browse and impossibly many things to request. Places based on text interaction are places where LLM have a good chance of having a large role.

However, this isn't the total world. For example, LLM will only be as good at taking an order as a drive through speaker. I greatly appreciate managing an order through an app or kiosk, where I can more quickly peruse options in detail, more quickly knowing what's in it, price, calories, etc. Maybe an LLM option when you know generally what you want to fill out the order then a UI to tweak details.

Tons of UIs are more than some compromise for helping a computer be a consolation prize for not bothering to have a human handle a request.

Lots of AI companies seem to be forgetting this and imagining that devices that are just microphones and speakers will take over, but they are incorrect in many cases.