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<\/p>\n#Brent #Dax <\/b>It’s being said around 80% of Artificial Intelligence companies fail, despite investors throwing money at them. Similar behaviour has been noted with Blockchain and Crypto, essentially with the “smart” investors being afraid of missing the next big thing. Understandably, no-one wants to miss the next Google, Apple, or Tesla but AI (especially) is a dodgy territory. Essentially, while it’s a good idea, no-one has actually figured out where it will be useful.<\/p>\n
Being careful not to name names, someone we know works with a national retailer, specialising in PR customer support. Her department received a dreadful email from a customer, complaining they’d bought a bunch of roses with one of the stems drawing blood, when a thorn scratched their skin. The customer expected a refund for the roses, along with some sort of goodwill gesture! Eventually, it was decided to allow the first person who’d read the email to reply, along with a strong suggestion she didn’t use words like “moron or idiot”. The junior member sent a 3 word email reply, saying “Roses Have Thorns” and no more was heard.<\/p>\n
However, for a giggle, the team threw the email at AI software which was under test to replace call centres. This is where is all started to go wrong, the AI immediately replying with a full refund, along with a store credit to purchase another bunch of flowers. Additionally, it tried to issue an email to management, suggesting future bunches of roses be sheathed in puncture proof rubber sleeves as this accident was completely avoidable. Needless to say, the AI software remains under an increasingly cynical test, doubtless giving considerable hope to employees in call centres worldwide.<\/p>\n
Amusingly, there’s apparently a video of the new Beetlejuice movie doing the rounds, a perfect copy from a Mexican showing. The language is obviously Spanish and initially someone claimed to have used AI to successfully generate accurate subtitles. Another pirate movie enthusiast then had a go at it, somehow converting the Spanish audio into an English soundtrack, all with AI. While this sort of thing is truly impressive (we’re going to see the real film this week), it’s more indicative of a firm future for. Historically, once the dodgy side of life adopts new technology, it’s a pretty certain signal the technology will catch on, something the film industry is pretty aware of anyway, due to the initial use of moving pictures being to record porn. As a result, it is said every improvement in the film technology has insiders watching the porn industry for signs of it being adopted. We’d guess, if the porn industry starts making entire AI movies, mainstream actors shall doubtless start reviewing their career options. For now, despite the Beetlejuice story, we remain sceptical about AI as it appears a solution which hasn’t yet found a suitable problem.<\/p>\n
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Lloyds Banking Group share price continues to prove the markets are not under the control of an AI, or if they are, it’s one with the IQ of a small ginger cat. We’re extremely frustrated at the inability of retail banking shares to actually do anything positive, despite larcenous interest rates starting to relax worldwide. The immediate situation with Lloyds now suggests movement above 61.62p should bring movement to an initial 66.4p with our secondary, if beaten, at a more useful 69.5p and potential hesitation. Visually, the share price has experienced an issue at the 70p level since 2016.<\/p>\n
If things intend go wrong with Lloyds, below 56p looks like providing the first warning as this risks promoting reversal to an initial 52p with our secondary, if broken, now at 49.4p and a potential excuse for a real bounce.<\/p>\n
For now, we’re stuck in a repeat cycle of every three weeks, trying to find reasons for Lloyds share price to remove itself from a zombie lifestyle. The retail banking sector, once interesting and exciting, is being outperformed by this years crop of dandelions on our lawn.<\/p>\n
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FUTURES<\/p>\n
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