# Пов'язані статті щодо AI

Центр новин HTX надає останні статті та поглиблений аналіз на тему "AI", що охоплює ринкові тренди, оновлення проєктів, технологічні розробки та регуляторну політику в криптоіндустрії.

Perspective: Value Investing in U.S. Stocks Is Not the Same as Fundamental Investing

The article challenges the notion that value investing in US stocks is equivalent to fundamental investing. It uses the astronomical analogy of Henrietta Leavitt separating a star's apparent brightness from its intrinsic luminosity to illustrate a key investment framework: an observed valuation multiple (like brightness) conflates two things—the actual quality of a business and the premium the market is willing to pay for its future (its "distance" or duration). The author argues that the popular narrative of "fundamentals are dead"—fueled by momentum and concentration in mega-cap tech—is flawed. While recognizing factors like winner-take-all dynamics and AI scale advantages, the piece warns against confusing broad thematic truths (e.g., "AI is big") with justified valuations for specific companies. It introduces a 2x2 matrix categorizing stocks based on whether they *looked* cheap/expensive at a point in time versus whether they *were* actually cheap/expensive in hindsight (e.g., expensive-looking Meta in 2022 was actually cheap). The core formula presented is: Forward Return ≈ Fundamental Growth × Change in Valuation Multiple. Over short periods, multiple changes drive returns, making markets seem narrative-driven. Over the long term, fundamental growth dominates. The article concludes that markets may be becoming *less* efficient due to complex, long-duration business models, narrative cycles, and private market dynamics, creating more opportunities for investors who can disentangle real quality from market sentiment.

marsbit1 год тому

Perspective: Value Investing in U.S. Stocks Is Not the Same as Fundamental Investing

marsbit1 год тому

After Two and a Half Years of Entrepreneurship and Full AI Adoption, the Company Has Actually Become More 'Traditional'

"After 2.5 years of running my company, achieving near 100% AI adoption with Agents in roles like finance, HR, and operations, we've paradoxically become more 'traditional.' We learned that establishing a thick AI middle layer creates bottlenecks. Instead, we advocate for a 'thin platform, thick frontline' model, empowering employees closest to problems to use AI tools themselves, fostering ownership and initiative. The true foundation isn't the AI models, but the unique data and context a company accumulates—our most vital, irreplaceable asset, requiring diligent governance. As AI handles repetitive, describable tasks, human roles revert to their core: building genuine relationships, trust, and brand reputation through authentic communication, which AI cannot accelerate. A critical question is where the time saved by AI goes. It must be returned—to clients, to creative work, to employees' own lives—rather than just fueling higher output demands. For managers, AI strips away execution-focused busywork, exposing the necessity to define clear goals, make tough judgments, and take ultimate responsibility. Onboarding newcomers presents a challenge: while AI can generate 80% solutions instantly, we must deliberately design paths for them to develop judgment, understand context, and safely learn from mistakes. Ultimately, AI's organizational value isn't about replacing people but removing unnecessary friction, allowing more meaningful human connection. The real test of an 'AI-era' company isn't its tech stack, but how it treats people: delegating creative power, returning saved time, fostering growth, and upholding accountability. The core luxury and purpose of our work remains authentic human relationships."

marsbit5 год тому

After Two and a Half Years of Entrepreneurship and Full AI Adoption, the Company Has Actually Become More 'Traditional'

marsbit5 год тому

The Impact of Treasury Buybacks Lasts Only 24 Hours? Beston: We Have Many Tools, Just Wait and See

U.S. Treasury Secretary Besant, addressing market concerns on August 20, signaled that the Treasury's toolkit for intervening in the bond market is far from exhausted. This follows the previous day's announcement to double the size of long-term Treasury buyback operations to at least $40 billion per session, a move that only briefly lowered yields before they climbed again. Besant dismissed the short-lived market reaction as "noise," asserting that yields do not reflect underlying economic fundamentals, especially for illiquid 30-year bonds. He revealed that President Trump has tasked him with leading a new fiscal consolidation plan, expected to be announced soon, aimed at addressing high long-term borrowing costs. Concurrently, Besant announced a press conference for the following Monday to detail aggressive U.S. economic actions against Iran, suggesting that maximum economic pressure could reduce the likelihood of large-scale military conflict. On other topics, Besant reiterated a strong dollar policy, expressed confusion over a recent oil price surge (which he expects U.S. actions will curb), and noted that AI investment prospects are making corporations largely insensitive to yield levels when issuing debt, as they anticipate future productivity gains. Market analysts remain skeptical that Treasury operations alone can durably alter the trajectory of long-term yields, which are driven by broader concerns over fiscal deficits, debt supply, and inflation.

marsbit6 год тому

The Impact of Treasury Buybacks Lasts Only 24 Hours? Beston: We Have Many Tools, Just Wait and See

marsbit6 год тому

Winklevoss Urges Investors to Seize Opportunity to Buy Bitcoin on the Dip

Bitcoin is currently trading almost 50% below its October high of $126,198. Tyler Winklevoss suggested that if investors last year knew Bitcoin would reach $120,000, they would rush to buy it at a discount. In a post on X, he stated that AI-powered trading has given the world a "time machine" to go back and invest in Bitcoin at $65,000 levels, calling the current downturn an unprecedented buying opportunity and questioning when Bitcoin will "return to the future." Over the past 24 hours, Bitcoin rose 12% to $71,980, with its market cap at $1.44 trillion. Daily trading volume surged 292% to $66.2 billion. The Winklevoss twins, Cameron and Tyler, famously sued Mark Zuckerberg over Facebook's origins, later settling for $65 million in cash and stock. They invested part of this in Bitcoin in 2012, becoming early crypto billionaires, and founded the Gemini exchange in 2014. Gemini's recent Q2 report showed a weakened crypto market impacted its business: trading revenue fell 38% year-on-year to $12.5 million, and total trading volume dropped from $11.3 billion to $3.8 billion. However, the exchange's total revenue grew 37% to $45.5 million, with service and interest revenue jumping 117% to $26 million. Previously, Cameron Winklevoss urged world governments to buy Bitcoin to build strategic crypto reserves, arguing that rare earth minerals, gold, and oil are no longer sufficient to preserve geopolitical influence.

cryptonews.ru10 год тому

Winklevoss Urges Investors to Seize Opportunity to Buy Bitcoin on the Dip

cryptonews.ru10 год тому

Bitcoin Miners Invest Billions in AI as Capital Expenditure Outpaces Revenue by 15 to 1

Public Bitcoin miners are investing billions to diversify into artificial intelligence (AI) and high-performance computing (HPC), but their revenues from these new ventures are not keeping pace with the massive capital expenditures. According to BlocksBridge Consulting, a group of 15 mining and AI data center companies spent $30.7 billion on capital assets in recent periods of 2026, a 42.6% increase from 2025. For nine comparable Bitcoin miners specifically, the gap is stark: they spent $5.11 billion on capital assets in the first half of 2026 while generating only $341.2 million in disclosed AI/HPC revenue, a capital-to-revenue ratio of approximately 15 to 1. Despite this initial disparity, AI and HPC revenues are growing rapidly, jumping 52% quarter-over-quarter in Q2 2026 for these nine miners. The transition from Bitcoin mining to AI infrastructure requires significant upfront investment in substations, buildings, cooling systems, networking gear, and in some cases, GPUs, even for miners with advantages like power contracts. The recent recovery in Bitcoin's price, which surged over 13% to surpass $72,000, may provide some relief to companies still holding major mining operations. In a related strategic shift, CoinShares has rebranded its industry-tracking ETF to focus on "companies powering the digital economy," including Bitcoin miners, AI data center operators, and semiconductor makers.

cryptonews.ru10 год тому

Bitcoin Miners Invest Billions in AI as Capital Expenditure Outpaces Revenue by 15 to 1

cryptonews.ru10 год тому

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