Post by Sciencegeek1on Oct 02, 2021 11:00am

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Post# 33957422
That can't work
That can't workI work in healthcare sector so cannot speak with any authority on applications of machine learning for mining operations. And honestly I was very skeptical about the true potential of AI applications in my industry. But I have seen some amazing leaps forward in my sector using this technology, particularily with deep learning ML approaches.
The two enormous challenges are having large enough data sets to properly 'train' the computer algorithm and the second is the quality of those data sets (garbage in - garbage out). The easiest examples of business models chasing this you can think of are companies like Google, Amazon, Tesla, Facebook, Salesforce, Uber etc who are hoovering up huge volumes of data from their users/clients for free knowing that they will leverage this data to increase time on their sites, drive traffic, increase sales, develop new game changing capabilities for their products etc. I am sure there are a few folks arguing that these companies are wasting their money by not charging for their services but the markets sure have faith in those business models.
Coming to SPOT, i find in interesting that some people are treating this company like it is fast food restaurant. Or even worse, a mining company. How much revenue was generated. When are they going to make a profit. This is a tech company servicing one sector. What will really drive the price of this company is the perceived value in their technology, which if managed properly should only get better with more clients and more solid data collection. And keep in mind this is not data that any company can just scrape from public databases and build their own models.
Sure when companies like NFG reach their full potential, SPOT SP will benefit immensely from that, so I guess it depends on what you saw in the company when buying shares. GTLA