A lot of people are talking about artificial intelligence. And here in this podcast, we’re going to quickly go over the options. Okay, everybody’s talking about artificial intelligence. Now it’s really machine learning. But the bottom line is you can go in, and you can use this program called Chat GPT, which is kind of the leader right now. And you could start to have a little conversation with this artificial intelligence robot, you could tell it what you want. For example, you could say, write a poem, like Edgar Allan Poe, that’s five stanzas long. You can say, write a blog post for me about travel in Mexico, you can ask it to do a lot of things. You can have it write songs or plays or music. And it then goes out and searches the internet and it will come out with the best intelligent answer based on what the internet told it.  

Now, the database stops in 2021. So, 2022, and even 2023, beginning of this year, doesn’t have the data in. But it’s pretty cool, though, I got to say it’s promising technology, is it perfect? Well, nothing, that’s just coming out as perfect. But I can tell you, the stocks are starting to respond to what’s going on in artificial intelligence. It’s the fastest growing technology that I’ve seen in a long time. And I used to think Bitcoin was the fastest growing technology. And it was, but now this has been adopted so quickly, that now it’s become the fastest growing technology. And the reason is, it’s free. There are companies that use the API, the application programming interface, to write their own interfaces, and do other fancier things. You can create avatars of yourself. You can have it, take your text and turn it into a video kind of thing. But generally, Chat GPT, if you can get a username and password, it’s free.  

And so, a bunch of other companies are trying to take over and compete in this artificial intelligence space. Will they succeed? I don’t know but a bunch of have been around a while, I’m going to show you two of them right now.  

The first one here is called C3, the symbol is AI. And if you look at the symbol, and I have it on the screen, but if you’re listening to this, it’s got a chart that basically goes from about $180, all the way down to $10. So, it lost $180, all the way down to $10. Huge amounts of loss. And that was from basically the end of 2020, when it went public, all the way down to the $10 price. Now, in the last six weeks, it’s popped up. So, it’s gone from $10 to about $30. So, it’s tripled. A lot of people ask me, Are we in a bubble yet in AI? Well, I don’t know if you look at this chart. To me, the chart looks like it’s in a bubble if you look at it short term. But long term, it’s dropped from like $180. Now, if we look at the fundamentals, and the fundamentals don’t really count in a hyped market, where everybody’s just buying, it doesn’t matter. It’s just because it’s in the right space. This company has never made money in 2020, they lost 71 cents 2021, they lost 32 cents 2023, they lost 73 cents, and, you know, 74 cents in 23, I should say 24-35 cents, so they’re losing less, but they’re still losing money. This company needs to figure out a way to make money, otherwise, they’re not going to be around. They lose 67 cents a year in cash flow. So, they’re burning through money. Now they’re probably able to go out and raise money if they have a compelling enough plan. But looking at the chart, it goes from higher left to lower right. And now there’s a bounce over the last six weeks as AI has really taken off. But are we in a bubble, I think we’re in a bubble. I just don’t know if the bubble is going to burst yet? So, I think there might be a little more to go to the upside. That’s what it looks like on this chart.  

The next one is called Soundhound symbol is s o u n. And it has a very similar chart. And it also has it has never made money. This one went public in the middle of 2022. It had $80, the week after it went public. And then it went all the way down to $1. So, imagine if you had spent $18 at the high-end then it went all the way down to $1. That means there’s a bunch of sellers out there from $18 all the way down to one, they’re looking for opportunities to get out. But they’re also people because of the hype that are looking for opportunities to get in. If you look at this chart, it went up from $18 down to $1, but it’s also going from one up to five. So, imagine buying it at $1, the low-end and you’ve made five times your money. So that’s where it is right now. It’s around $4. So, it’s jumped up again, the same kind of pattern. I think we’re in a bubble, but I think there’s more room to run to the upside. It looks like more people are interested in this and they’re going to start looking around at AI technologies. Do they think they can make it a meme stock, or do they think they can make a quick buck on it?  I just wanted to give you a couple of plays if you are interested in it. Again, this is just information. It’s not an opinion to buy or sell short or do any kind of investments. It’s really entertainment and education. So go talk to the right people, financial advisors or whatever. But you know, I wanted to bring those two to your attention. C3 AI and Soundhound. Hope that helps see you the next edition of the wealth architect podcast.