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What can AI do for you? Thinking this way helps imagine its enormous potential

What can AI do for you?

Think what  AI is:

+ It’s heavy duty computer processing. It’s the power of a million (yes, a million) laptops. Sitting in front of you, ready (and willing) to do anything your heart/head desires. Anything.

+ it’s a totally new way of computers interpreting and creating data. It is not just about the raw compute power, it’s a new method as well. It’s called massive statistical interpretation.

+ It’s hooked o the world over a connection (the Internet) that’s millions of times faster that it was only a few years ago.

+ It can query all the knowledge we humans have ever created. It can find what we’re looking and make sense of whatever it finds. And do it lickety-split.

I’m asking for favorite AI uses. My brilliant son Michael chimed in:

+ Summarizing long reports and docs.

+ Writing standard docs like leases, job descriptions etc.

+ Creating images/videos for specific needs.

My friend Dan chimed in:

+ Perplexity

+ Gemini 1.5

+ Dall-E 3

My personal favorite AI uses:

+ Find me five stocks I’d like, using criteria I have defined — i.e. my own weird criteria.

+ Tell me when something awry (or good) happens to my stocks. Like when someone gets on BubbleVisiion and says he/she  loves/hates my stock.

+ Tell me what’s good (and bad) about an investment I’m thinking of making (e.g. real estate).

+ Plan my next trip based on my criteria, e.g. hotels in Switzerland, Austria and Italy that have views of mountains and can be reached by bicycle and train.

+ Inject intelligence and speed into banking. Don’t ask me about sending a wire for my grandkids’ tuition to their school in Amsterdam. Took a whole week.

+ My ultra-favorite AI application is that all the companies I buy stuff from would get AI-powered call centers. That includes airlines, shoe companies. technology suppliers and banks. The current generation of chatbots are far, far worse than the humans they replaced. And some of the humans were pretty awful (and stupid). It was a low bar.

The good news is that I’m already seeing big improvements.

Google searches are much better. Perplexity is even better. Amazon is magnificent. There’s no product, spare part, replacement part, specialized gadget I now can’t find on Amazon. Just search and it’s there. Oh, yes, even Apple is inching along.

Want some ideas? Ask ChatGPT.

Since many of my friends are in real estate. I asked: What can AI do for real estate?

Here’s the answer:

AI has numerous applications in the real estate industry, enhancing efficiency, accuracy, and customer experience. Here are some key areas where AI can be impactful:

1. Property Valuation

  • Automated Valuation Models (AVMs): AI algorithms can analyze vast amounts of data to provide accurate property valuations based on comparable sales, market trends, property characteristics, and more.
  • Predictive Analytics: AI can predict future property values based on historical data and current market conditions.

2. Market Analysis

  • Trend Analysis: AI can identify and predict market trends, helping investors and agents make informed decisions.
  • Demand Forecasting: AI tools can forecast demand in different areas, helping developers and investors focus on high-potential markets.

3. Property Management

  • Smart Maintenance: AI-powered systems can predict when maintenance is needed, reducing downtime and repair costs.
  • Tenant Screening: AI can automate and improve the tenant screening process by analyzing credit scores, rental history, and other relevant data.

4. Customer Service

  • Chatbots: AI-driven chatbots can provide instant responses to customer queries, improving engagement and customer satisfaction.
  • Virtual Assistants: AI virtual assistants can help with scheduling viewings, answering questions, and providing property information.

5. Marketing and Sales

  • Targeted Advertising: AI can analyze customer data to create targeted marketing campaigns, increasing the effectiveness of advertising efforts.
  • Lead Scoring: AI can prioritize leads based on their likelihood to convert, allowing sales teams to focus on the most promising prospects.

6. Smart Home Technology

  • Home Automation: AI integrates with smart home devices to offer features like energy management, security, and automated lighting.
  • Voice-Activated Systems: AI-powered voice assistants can control various home functions, enhancing convenience for residents.

7. Virtual Tours and Augmented Reality

  • 3D Virtual Tours: AI can create immersive virtual tours of properties, allowing potential buyers to explore homes remotely.
  • Augmented Reality: AR can overlay property information and visualizations in the real world, enhancing the home viewing experience.

8. Document Management

  • Contract Analysis: AI can review and analyze contracts and other legal documents, ensuring compliance and identifying potential issues.
  • Automated Paperwork: AI can automate the completion and processing of various forms and documents, reducing administrative burdens.

9. Investment Analysis

  • Risk Assessment: AI can evaluate the risk associated with different investment opportunities, considering factors like market volatility and property condition.
  • Portfolio Optimization: AI tools can help investors optimize their portfolios by suggesting the best mix of properties based on their risk tolerance and investment goals.

10. Energy Efficiency

  • Energy Management: AI can monitor and optimize energy use in buildings, reducing costs and environmental impact.
  • Sustainability Analysis: AI can analyze the sustainability of properties and suggest improvements to make them more eco-friendly.

By leveraging these AI capabilities, real estate professionals can streamline operations, improve decision-making, and offer better services to clients.

Now, ask it about your industry.

Nvidia reports after the closing bell today

It’s my largest position. Charlie Munger said when you have found the right one, bet big.

Munger’s logic: The right one doesn’t come along very often. Maybe once in a lifetime.

This is the right one.

There isn’t a major company anywhere that isn’t building data centers chock full of Nvidia chips and software.

Nvidia is sold out.

I bought some more in recent days. I’ll raid the piggy bank for more today.

As I wrote yesterday:,

“For now, what Jensen has got what everyone (and their uncle) wants. It will be impossible to dislodge Jensen for a long, long while, if ever.”

You want more? My last three blogs have been about Nvidia and included a nice piece the Economist wrote.

But it’s 60 degrees, bright blue skies, and no wind.

I’m going to play tennis.

My tennis seriously needs some heavy-duty AI. I have some ideas. A camera and some AI.

Actually that’s an interesting new business. Upload your video and our AI will analyze your game and tell you how to improve.

New startup!

Old wonderful Jokes

What’s the difference between a Jewish optimist and a Jewish pessimist?

The pessimist says, “It can’t possibly get any worse than this.”

The optimist replies, “Oh yes it can.”

++++++++++++++++++++++++++++++++

Mary was late for school and the principal asked her why.

She explained: “I had to take our cow to our neighbor so the bull could get her pregnant.”

The principal asked: “Couldn’t your father do that?”

Mary replied: “I suppose he could, but the bull has had more experience.”

++++++++++++++++++++++++++++++++

A man goes to his psychiatrist and tells him “Last night I had a dream. I dreamt that you were my mother. You dressed like my mother and looked like my mother. I got so frightened I got up this morning, had a donut and coffee and came right to you.”

The psychiatrist replied, “A donut and coffee? You call that a breakfast?”

+++++++++++++++++++++++++++++++`

It really is 68, azure blue skies and no wind.

This is not perfection. It’s paradise.

I did two down-the-line backhand winners on Monday.

More coming today. — Harry Newton