Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush telling me how to brush correctly. But something tells me that I should get used to this very soon as a wave of dumb products suddenly become 'smart'. Artificial intelligence ("AI") and Internet of Things ("IoT") are changing the way we interact with everyday objects. With so much happening in this space, it can be overwhelming to make sense of it. This insight will help in that I will explain how AI and IoT come together. I will then follow it up with an insight on investing in this area.

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush telling me how to brush correctly. But something tells me that I should get used to this very soon as a wave of dumb products suddenly become 'smart'.   Artificial intelligence ("AI") and Internet of Things ("IoT") are changing the way we interact with everyday objects. With so much happening in this space, it can be overwhelming to make sense of it.   This insight will help in that I will explain how AI and IoT come together. I will then follow it up with an insight on investing in this area.

Artificial Intelligence & Internet of Things: Making Sense of It All

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

Our friends at <a href="https://www.smartkarma.com/profiles/273" target="_blank" data-smartkarma-citation="accounts:273">Morningstar</a> have already produced a note on the recent 3Q17 results from <a href="https://www.smartkarma.com/entities/639" target="_blank" data-smartkarma-citation="entities:639:1">KDDI (9433 JP)</a> . We see the results as being in line with expectations, although the share price has been quite weak this week (along with the sector). These results and the ones from <a href="https://www.smartkarma.com/entities/1089" target="_blank" data-smartkarma-citation="entities:1089:1">DoCoMo (9437 JP)</a> last week should ease concerns over revenue erosion from new Ultra plans (20GB) and competition in the mid to high-end of the mobile market. At the low-end, MVNOs continue to take share but this appears…

Our friends at Morningstar have already produced a note on the recent 3Q17 results from KDDI (9433 JP) . We see the results as being in line with expectations, although the share price has been quite weak this week (along with the sector). These results and the ones from DoCoMo (9437 JP) last week should ease concerns over revenue erosion from new Ultra plans (20GB) and competition in the mid to high-end of the mobile market. At the low-end, MVNOs continue to take share but this appears…

KDDI 3Q17 Results Mostly Positive and Support Our BUY Call. Japanese Telcos Offer Reasonable Value.

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>A relatively unknown Chinese AI startup DeepSeek has recently caused a stir in Silicon Valley challenging the dominance of established giants like OpenAI, <a href="https://www.smartkarma.com/entities/alphabet-inc" target="_blank" data-smartkarma-citation="entities:33361:1" rel="noopener">Alphabet (GOOGL US)</a> <a href="https://www.smartkarma.com/entities/meta-platforms-inc-class-a-facebook" target="_blank" data-smartkarma-citation="entities:665:1" rel="noopener">Meta Platforms (Facebook) (META US)</a>.</li>
<li>DeepSeek's V3 model has a total of 671Bn parameters, or settings inside the AI model that it adjusts as it learns, it is actually only using 37Bn at a time.</li>
<li>The reported $5.5 million figure is not the total cost for developing DeepSeek-V3, it represents a significant portion of the training expenses. </li>
</ul>


A relatively unknown Chinese AI startup DeepSeek has recently caused a stir in Silicon Valley challenging the dominance of established giants like OpenAI, Alphabet (GOOGL US) Meta Platforms (Facebook) (META US).
DeepSeek's V3 model has a total of 671Bn parameters, or settings inside the AI model that it adjusts as it learns, it is actually only using 37Bn at a time.
The reported $5.5 million figure is not the total cost for developing DeepSeek-V3, it represents a significant portion of the training expenses. 


Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

<ul>
<li>The consensus expected a rampant USD this year, but this wasn’t consistent with the Trump trade agenda – the dollar has had its worst January in over a decade.</li>
<li>That has helped the US tech sector rebound strongly from the post-election selloff, as have the leading Chinese web names – secular growth is back in fashion.</li>
<li>The Q4 results from Microsoft, Intel and Alphabet indicated that cloud computing is the most significant near-term driver of tech sector revenues but AI will follow soon.</li>
<li>Alibaba is…</li>
</ul>


The consensus expected a rampant USD this year, but this wasn’t consistent with the Trump trade agenda – the dollar has had its worst January in over a decade.
That has helped the US tech sector rebound strongly from the post-election selloff, as have the leading Chinese web names – secular growth is back in fashion.
The Q4 results from Microsoft, Intel and Alphabet indicated that cloud computing is the most significant near-term driver of tech sector revenues but AI will follow soon.
Alibaba is…


Tech Rebounds as USD Reverses, Macau Recovery Continues...

Online games offer one of the best ways to monetize the growth of online traffic. The shift in sector revenue mix underscores that. <a href="https://www.smartkarma.com/entities/26" target="_blank" data-smartkarma-citation="entities:26:1">Tencent (700 HK)</a> and <a href="https://www.smartkarma.com/entities/17203" target="_blank" data-smartkarma-citation="entities:17203:1">Netease (NTES US)</a> continue to expand market share with latest data showing +7pp YoY (NSRe). The two firms accounted for around 72% of total online game revenue in China in 2016. We believe the migration of Internet traffic to mobile and the shift in mobile game engagement to mid- and hard-core titles has been of particular benefit to the large…

Online games offer one of the best ways to monetize the growth of online traffic. The shift in sector revenue mix underscores that. Tencent (700 HK) and Netease (NTES US) continue to expand market share with latest data showing +7pp YoY (NSRe). The two firms accounted for around 72% of total online game revenue in China in 2016. We believe the migration of Internet traffic to mobile and the shift in mobile game engagement to mid- and hard-core titles has been of particular benefit to the large…

China Online Gaming: Structural Shifts Reinforce Tencent and Netease. Tencent Remains Our Top Pick

China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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Alibaba (BABA US)

Artificial Intelligence & Internet of Things: Making Sense of It All

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush...

Ishita Jain

KDDI 3Q17 Results Mostly Positive and Support Our BUY Call. Japanese Telcos Offer Reasonable Value.

Our friends at Morningstar have already produced a note on the recent 3Q17 results from KDDI (9433 JP) . We see the results as being in line with...

New Street Research

DeepSeek AI: A Buzz or a Revolution?

Chinese AI startup DeepSeek challenges Silicon Valley giants with its V3 model boasting 671Bn parameters, only using 37Bn at a time. Reported $5.5...

Nimish Maheshwari

Tech Rebounds as USD Reverses, Macau Recovery Continues...

The consensus expected a rampant USD this year, but this wasn’t consistent with the Trump trade agenda – the dollar has had its worst January in...

Sean Maher

China Online Gaming: Structural Shifts Reinforce Tencent and Netease. Tencent Remains Our Top Pick

Online games offer one of the best ways to monetize the growth of online traffic. The shift in sector revenue mix underscores that. Tencent (700...

New Street Research

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Artificial Intelligence & Internet of Things: Making Sense of It All

As I turn into bed, I can picture my mother telling me to brush before I sleep. However, in my wildest imagination, I cannot picture my toothbrush...

Ishita Jain

KDDI 3Q17 Results Mostly Positive and Support Our BUY Call. Japanese Telcos Offer Reasonable Value.

Our friends at Morningstar have already produced a note on the recent 3Q17 results from KDDI (9433 JP) . We see the results as being in line with...

New Street Research

DeepSeek AI: A Buzz or a Revolution?

​Chinese AI startup DeepSeek challenges Silicon Valley giants with its V3 model boasting 671Bn parameters, only using 37Bn at a time. Reported $5.5...

Nimish Maheshwari

Tech Rebounds as USD Reverses, Macau Recovery Continues...

The consensus expected a rampant USD this year, but this wasn’t consistent with the Trump trade agenda – the dollar has had its worst January in...

Sean Maher

China Online Gaming: Structural Shifts Reinforce Tencent and Netease. Tencent Remains Our Top Pick

Online games offer one of the best ways to monetize the growth of online traffic. The shift in sector revenue mix underscores that. Tencent (700...

New Street Research

Chinese AI startup DeepSeek challenges Silicon Valley giants with its V3 model boasting 671Bn parameters, only using 37Bn at a time. Reported $5.5...