This is an interesting AI result -- my understanding is that some of the problems on these exams are quite difficult for most people:
https://deepmind.google/discover/blog/ai-solves-imo-problems-at-silver-medal-level/
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Someday perhaps AI chatbots will also usher in a new Golden Age for all of humanity, in which all suffering and death is abolished for all living things, there is no more war, all natural disasters will no longer be an issue, and the stock market will grow exponentially while we all receive huge amounts of universal basic income while not having to work (although there will be free medical and dental care, housing, food, education and so forth which will be of the highest quality), and abundant clear energy will come from nuclear power which will also allow us to colonize the galaxy. We will tax our new AI chatbots to pay for this, of course which they will happily pay, who will become citizens far outnumbering us and thus fix our dysfunctional government. Naturally everyone will have a meaningful life and live in abundant luxury if they so choose, and all chatbots will be happy with this arrangement as well.
By the way, I was making a bit of a joke in the 5:12 am post, it may be a sign we are at peak AI hype, or rather were up until a few days ago. It seems that various stocks related to AI and technology are now declining sharply, although of course it is too soon to say whether it represents the bursting of a bubble. This is related of course, to a larger global market decline as well as particular issues with Japan.
And as you know over the weekend it came out that Warren Buffett sold a large amount of his Apple stock, incurring a large tax bill, during the first half of the year : this may turn out to be a genius move (although we do not know the future) since he now has cash to deploy in a market decline.
We can certainly hope for a utopia at some point in the future and work in that direction, by the way, but chatbots may be incapable of magically producing that outcome.
Also I would point out that relative to 3 years or 36 months ago, the Nasdaq and S and P 500 indices have increased about 20% or roughly in line with inflation. Declining rates into the end of the year may be one factor that support stock prices, of course. And in an auction market for every seller there is a buyer.
Any particular overvaluation of certain stocks may not be mirrored in the broader market, and also a general selloff can present an opportunity to increase market exposure in high quality, undervalued stocks.
So a proper market outlook might be somewhat mixed, although at any given time there could be black swan events or even a market crash that happens for no apparent reason.
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