What’s True and What’s Not About AI
Wayout Future is up 4% so far this year, about in line with the NASDAQ and S&P.
In our last update, we released a new member dashboard so you can track your balance through your browser. And now, we released an iPhone App! You can download it here in the app store: . It will help you keep up to date on your balance whenever you want to check it.
There’s been a lot of talk about the data centers that fuel this.
We wanted to do this for a while but couldn’t. The cost (upwards of $20k) was too high. Then AI happened.
We described the idea to Replit (an AI coding tool), organized the data it needed in a Google sheet, and Replit automatically updates the numbers every day and refreshes the dashboard and app. They’re entirely automated. It costs us about $5/month to maintain.
So we went further, and created a research analyst assistant through Claude that researches the portfolio and news every week and sends us a summary.
Everyone is going crazy for, or with, AI right about now. Even Bernie is using it, “I’m not a Luddite,” he says.
Just how crazy is it getting?
Take the example of this DTC health company. Two brothers, no coding background, built a $320 million revenue company on their own using AI coding tools.
Or this initiative to create an all in once company in a box generator.
Or OpenClaw, which gives root access to your computer and takes actions for you.
Or an autonomous bus in Iceland that’s formally in testing.
These things are exciting and scary.
You can build almost any software that you want to.
An app to
Signs the Apocolypse is Upon Us
Allbirds, the shoe company, sold its brand and assets and decided to start a vertically integrated GPU as a service company, and its stock rose 200% in a day.
Allbirds Inc., the once-buzzy maker of wool sneakers valued at more than $4 billion in its heyday, announced a new business plan just days before it planned to close down for good: AI computing infrastructure.
And in a market that’s reacted in knee-jerk fashion to just about anything related to artificial intelligence, it did just that — sending Allbirds stock up as much as 461% after the opening bell.
The response underscores the intensity of the speculative mania around AI, which has fueled stampedes into would-be winners and panicked rushes away from any industry that seems poised to be hit by the competitive threat.
Our general idea is that sci fi predicts the direction of technological innovation, so we invest in sci fi. But not everything that is sci fi is good.
It feels like things are happening too fast. And they might be. How has society dealt with major transitions before?
Technology is following the path of science fiction. In the
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