Has the AI market topped out?

Welcome to FRY-nancial FRY-day! Get ready to crunch some numbers and AI insights. 🍟

*Nothing we offer constitutes investment advice. Our aim is to report the latest happenings and teach you how to use the newest AI finance tools.*

🤯 MYSTERY AI LINK 🤯

(The mystery link can lead to ANYTHING AI-related: tools, memes, articles, videos, and more…)

🔨 AI TOOLS OF THE DAY

📝 Paper Money: Access financial reports and visualizations on thousands of companies. → Check it out

💳 Wallet AI: AI for daily financial decisions. → Check it out

👔 Harriet: Simplified business finances. → Check it out

SALTY STORIES OF THE WEEK 🧂

Want some seasoning? Here are the saltiest AI stories in FRY-nance from this week:

• Microsoft’s Intelligent Cloud quarter revenue failed to meet expectations, calling into question whether the AI market is topping out. (Read More)

• AMD exceeded second quarter earnings, primarily led by the AMD Instinct MI300 accelerator chip, a rival to Nvidia’s H100. The AMD chip just did over $1 billion in sales in a single quarter, and nearly half the company’s sales are now data center products. (Read More)

• Perplexity AI introduced a revenue-sharing model for publishers, addressing recent plagiarism allegations. Major media outlets such as Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel, and WordPress are the inaugural members of this “Publishers Program.” (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

The translation of “I love french fries” to French is “J’aime les frites.” 🍟

This week’s diamond in the rough: Duolingo (DUOL).

How is AI helping Duolingo? Duolingo is the most popular mobile language learning app in the world. With the explosion of generative AI, Duolingo has made a valiant effort to leverage AI abilities to create unique learning opportunities for users. These features include customizable training sets, personalized curriculums, and AI-powered feedback. Although there are many emerging platforms looking to leverage AI for language learning, Duolingo has a massive dataset, derived from 97 million monthly active users and 31 million daily active users. This provides a significant competitive edge.

Want some numbers? Duolingo employs a freemium model to generate revenue, offering a free core app with paid options for additional features. Despite the stock value being down over 20% in the past year, the company reported a 45% year-over-year increase in revenue to $167.6 million and a 54% growth in paid subscribers to 7.4 million in the latest quarter. With an estimated 1.5 billion language learners worldwide, Duolingo will continue to benefit from this AI surge.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

FYI: We don’t receive any compensation for sharing this tool. We just think it is tasty! 🤪

What’s the tool? QashBoard helps users unlock a bird’s eye view of their finances.

How does it work?

1. Organize: Visualize your overall financial health with comprehensive charts, identify trends, and track recurring payments.

2. Interact: Engage with a conversational interface that provides actionable insights, and utilize chat history for different topics.

3. Secure: Accounts and credit cards are linked securely through Plaid and personal information is never seen or stored by QashBoard.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Pat! 🎉

Pat gave us a Fresh and Crispy review and wrote, “Well considered, researched, and written. Thanks.”

(Leave a comment for us in any newsletter, and you could be featured next week!)

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“It takes over human jobs. No bueno.” (I hate them! 😡)

“If AI can get my order of a large Fry correct every time, count me in!” (I love them! 🤖)

“Fast food restaurants are having a hard time finding labor, so instead of boosting labor costs, why not utilize AI and keep prices low?” (I love them! 🤖)

HAS AI REACHED SINGULARITY? CHECK OUT THE FRY METER BELOW: