PSA purchases AI company Genamint

[darwinbulldog]

Ha. Found it.

[T206.org]

"As a 10 million card backup hit card grader PSA..."

...


"More graders are being added every two weeks and the company is currently working through the backlog by grading 20,000 to 25,000 cards a day, Turner said."

...

"Turner said he hopes to get all service levels restored by July 1."


The math on that goal certainly does not check out.

[D. Bergin]

I'm guessing this is the line.

Both aren’t common occurrences but mean a lot to uphold PSA’s integrity.

[Arazi4442]

Originally Posted by D. Bergin

I'm guessing this is the line.

Yep, pretty sure that's the line....

This could be interesting though. If this AI does what is claimed (I know it's a huge IF), this could be yet another boom for PSA. If the AI can legitimately spot altered cards, I would think there would be a huge premium for cards in "Post AI" slabs. PSA would get to (charge to) re-slab every card currently in a PSA holder with no cost to them except the cost of the new holder.

Maybe that's the plan to financially cover the PSA Guarantee on already slabbed, altered cards?

[Peter_Spaeth]

If this can REALLY detect trimming a whole lot of folks are not going to be happy. Kiss those gem rates goodbye.

I don't collect graded cards but it sounds like a whole bunch of blah, blah, blah.
Doesn't happen that often? They obviously don't visit the blowout forum. LOL.

[D. Bergin]

Does anybody actually think PSA is going to remove cards from the system that they've already F'd up on?

Also, I'm reading this as the program takes a finger print of a card when it first goes through the PSA system, so as to catch any alterations, the 2nd time it goes through the system in crack and resubmits.

Not a lot of mention of alterations done to raw cards or coming from other graders.

We'll see how it goes, but for some reason the word "synergy", keeps on blaring in my head, over and over and over again.

Gotta start somewhere I guess.

[Scott L.]

Originally Posted by D. Bergin

I'm guessing this is the line.

Bingo!

[Aquarian Sports Cards]

Remember also that huge companies by up small companies that they feel are a threat and then just bury them...

[D. Bergin]

Originally Posted by Aquarian Sports Cards

Remember also that huge companies by up small companies that they feel are a threat and then just bury them...

Yup. Proprietary software become theirs to do whatever they want with it. Often to just make it disappear. Ebay was doing this every other week back in the late 1990's, early 2000's with various start-ups.

I think they even tried to claim ownership of the "Buy It Now" button at one point, because they bought out the guy who said he "invented" it. LOL!

I might have made that last part up...........but I'm not entirely sure about that.

[samosa4u]

What's going to happen if somebody sends back a PSA 10 for reholdering and PSA sees something wrong with it while using this newly-acquired technology? And what if this happens 7,000 times?

[hcv123]

I would say no reholdering of old grades. If you want a new grade - it has to be earned through the new system.

I pray that this will be "used for good". Based on past threads, I suspect Kevin created this from a really great space - PSA has a real opportunity here - I truly hope it is capitalized on with integrity!

[GasHouseGang]

Originally Posted by samosa4u

What's going to happen if somebody sends back a PSA 10 for reholdering and PSA sees something wrong with it while using this newly-acquired technology? And what if this happens 7,000 times?

I think you're probably missing some zeroes on that.

[GasHouseGang]

Originally Posted by Aquarian Sports Cards

Remember also that huge companies by up small companies that they feel are a threat and then just bury them...

Yeah, I'm reminded of the companies buying up the streetcars.

"Between 1938 and 1950, National City Lines and its subsidiaries, American City Lines and Pacific City Lines—with investment from GM, Firestone Tire, Standard Oil of California (through a subsidiary), Federal Engineering, Phillips Petroleum, and Mack Trucks—gained control of transit systems in about 25 cities"

Then they dismantled them.

[Case12]

I worked as a contractor for an AI start up company before COVID. The scope was image language translation. We were granted 8 patents so far. What is proposed here should be super easy once enough reference data is collected. It won't take much for these applications. What will intrigue me more is autograph authentication. With AI they could then set the system on autopilot for authentication and multi factor grading. AI is not robots taking over the world, but is certainly mind blowing.

[conor912]

Originally Posted by T206.org

"As a 10 million card backup hit card grader PSA..."

...


"More graders are being added every two weeks and the company is currently working through the backlog by grading 20,000 to 25,000 cards a day, Turner said."

...

"Turner said he hopes to get all service levels restored by July 1."


The math on that goal certainly does not check out.

Hahaha. Yup. 10 million cards at 25k/day is over a year. I know they don’t need to get the queue down to zero to start taking subs again, but I would think they would need to get it to at least half, which puts you into October!

[Johnny630]

It would not surprised if Bulk/Economy does not come back.