Reality appears to slowly be creeping into the AI space with some tweets that have caught my attention over the past week+ starting with a lengthy tweet about AI performing the sort of freelance work found on Upwork:
The BEST performing AI completed tasks well enough to get paid 2.5% of the time.
The worst? 0.3%.
Think about that.
If you were an Uber driver who completed 2.5% of your rides, you’d be kicked off the platform in a week.
This comes from academic research published in the Remote Labor Index – not some anti-AI hit piece.
I sat down with Julian Garran – one of the sharpest macro strategists I know – and he walked through why AI was “built to fail” from day one…
The full interview:
It was concluded in the interview that if you are a money manager who’s main concern is monthly or quarterly performance in order to keep your job, you might want to hang out in tech a little longer…
However and if you are a family office with a generational time horizon, you want to be looking at and moving into (as in right now…) natural resources and select emerging markets rather than stay heavily in tech…
In addition:
Meanwhile, Moltbook has gotten some hype as a Hal 9000 waiting to happen, but here are some reality checks about what might be really going on there:
This tweet is also worth noting at the PE industry:
And finally, another reality check about the US Dollar:
As of early February, some remaining December/Q4 plus new January fund updates have become available (our continuously updated post containing all funds is here and November research has been removed) along with new research starting with a non-EM piece:
- 🔬🌐 Don’t burn your boats: the case for selective AI investing (Baillie Gifford) – Key points
- Despite strong gains, AI-related stocks do not exhibit the characteristics of a classic bubble
- Supposedly safe stocks may, in fact, carry greater valuation risks
- Global Alpha employs ruthless selectivity, focusing on persistent bottlenecks in the AI value chain and avoiding unproven business models
New Asia Fund Documents & Research
- 🎙️🌏 Anatomy of an Asian retail investor (Under the Banyan Tree by HSBC Global Research) 17:46 Minutes – Herald welcomes fellow Asia Equity Strategist Prerna Garg to the studio to discuss the role of retail investors in the region, how they’re reshaping the investment landscape and where they’re choosing to put their money.
- 🎬🌏⏰ MWX Insights Session#3: How Food Delivery Is Reshaping F&B in Southeast Asia (Momentum Works) (Momentum Works) – Feb 12 from 4pm to 5pm GMT+8 – An executive briefing on how food delivery is reshaping Southeast Asia’s F&B – and what this shift means as online sales become fundamental. The session will also briefly reference findings from our newly launched Food Delivery Platforms in Southeast Asia 6.0 report, for context on regional market dynamics. What You’ll Learn
- How food delivery’s role is shifting from channel to infrastructure in Southeast Asia and other major markets
- What changes when online orders account for a material share of F&B sales
- How competitive dynamics, discovery, and unit economics evolve as delivery becomes more embedded
- Where food delivery supports resilience – and where it can expose structural weaknesses
- What these shifts imply for platforms, F&B brands, enablers, and the wider ecosystem
- 🗄️🌏 Platinum Asia Fund’s January monthly factsheet (detailed economic and portfolio) discussed or mentioned:
- 📈🇹🇼 Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM) 🇼 🏷️
- 📈🇰🇷🅿️ Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) 🇼 🏷️
- 📈🇰🇷 SK Hynix (KRX: 000660) – Manufactures, distributes & sells semiconductor products in Korea, China, Asia, USA & Europe. DRAM, NAND storage products, SSD, MCP & CMOS image sensors for server, networking, mobile, PC, consumer & auto applications. 🇼 🏷️
- 📈🇰🇷 Soulbrain (KOSDAQ: 357780) – Semiconductor materials (CVD/ALD materials, etchant & cleaning agents, CMP slurries, plating agents, hydrofluoric acid/buffered oxide etchants, etc.). 🏷️
- 📈🇨🇳 Weichai Power (SHE: 000338 / HKG: 2338 / FRA: WI4 / OTCMKTS: WEICF) 🇨🇳 – Developer & manufacturer of diesel engines + forklifts & non-diesel engine automotive parts. 🇼 🏷️
- 📈🇨🇳 Bilibili (NASDAQ: BILI) – Video sharing website (animation, comics & games) + streaming platforms serving videos on demand. 🇼 🏷️
- 📈🇨🇳🏛️ Kuaishou Technology (HKG: 1024 / 81024 / LON: 0A74 / OTCMKTS: KUASF / KSHTY) 🇰🇾 – Partly state-owned content community and social platform & China’s first short video platform. 🇼 🏷️
To read more, please visit this article on Substack
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