Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

ABB (NYSE: ABB)

Opportunities

AI Playing Video Games, Learning Warehouse Jobs and Building other AI

The most frightening AI of all is being developed by a Google project called AutoML (machine learning). The goal of AutoML is to create an AI that can design and build other AIs, The Times reported.

Alphabet (NASDAQ: GOOG) is trying to build AI that can reproduce. The thinking behind AutoML is to reduce the need for the highly-paid engineers and computer scientists who to design and build AIs.

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Opportunities

Will Robots Make Restaurants like Denny’s more Valuable?

Some contrarians will wonder if Denny’s will become a value with restaurant automation. I would say no because there will simply be too much competition particularly from supermarket operators like Kroger (NYSE: KR).

Fortunately there is a potential value investment for restaurant automation. It is ABB (NYSE: ABB), the Swiss company that makes Zume’s robots. If ABB’s robots can make pizza; they might be adaptable for a wide variety of restaurant tasks; such as burger flipping with Miso’s software. Miso’s business plan is to sell operating software for kitchen robots.

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