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- Chips & AI: Intel's Comeback Tour
Chips & AI: Intel's Comeback Tour
Hunter Kallay
July 05, 2024
We hope you enjoyed your 4th of July! We are back at it today with our special FRY-nancial FRY-day edition. 💰
*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…)
Today’s Menu
Appetizer: New AI-powered Index monitors economic growth 💰
Entrée: This week’s diamond in the rough 💎
Dessert: Customize your financial management 🤑
🔨 AI TOOLS OF THE DAY
🏡 House Canary: AI for real estate analysis. → check it out
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🗣️ Vic AI: An accounting solution with AI-powered invoice automation and insights. → check it out
NEW AI-POWERED INDEX MONITORS ECONOMIC GROWTH 💰
Q: What do economists love to drive?
A: Their colleagues insane. 😆
What’s new? Zeta Global Holdings launched the Zeta Economic Index, which uses AI to analyze “trillions of behavioral signals,” largely focused on consumer activity to score economic growth.
How does it work? At its core, the Index gauges online and offline activity across eight categories, providing a comprehensive look that combines standard economic data points such as unemployment and retail sales with high-frequency information. The Index’s eight verticals include automotive activity, dining and entertainment, financial services, health care, retail sales, technology, and travel. For a stability measure, the Index also gauges consumers’ ability to handle economic fluctuations. Experts believe this approach offers a more holistic view of the economy, which can lead to more accurate predictions.
“The algorithm is looking at traditional economic indicators that you would normally look at. But then inside of our proprietary algorithm, we’re ingesting the behavioral data and transaction data of 240 million Americans, which nobody else has … So instead of looking at the data in the rearview mirror like everybody else, we’re trying to put it out in advance.”
How is our economy doing, according to the Index? In June, the Index reported good news, with the U.S. economic score at 66 and the stability index at 66.1, corresponding to “active” and “stable” indicators for the economy’s health.
THIS WEEK’S DIAMOND IN THE ROUGH 💎
This week’s diamond in the rough has had it rough, and now it’s time for an AI-powered turnaround. 🦾
How is AI helping Intel? GPU demand is skyrocketing amidst AI development. As a result, Intel’s AI chip rivals Nvidia and AMD are up 200% and 42% in the past year, respectively. Intel, however, is down 36% since January alone. Intel was once the biggest name in the chip market, dominating manufacturing and boasting a lucrative partnership with Apple as the leading chip supplier for Macs. Lately, they have had trouble keeping up with their rivals in the AI race. However, the best test of a company is how it responds to challenges, and recent developments suggest Intel could come back strong in the coming years. The company has recently released the Gaudi 3 and Xeon 6 GPUs, which are cheaper alternatives to those of Nvidia and AMD. Intel is also set to release Lunar Lake for AI PCs later this year. In addition to chip development, the company is refocusing its business model around AI and manufacturing, with plans to build at least four plants in the U.S. and more abroad.
Want some numbers? Intel has increased its market share in central processing units (CPUs) for three consecutive quarters, rising from 61% to 64%. Moreover, the company’s income indicates gradual improvements. In Q1 2024, the company’s revenue increased by 9% year over year to $13 billion. The company also benefited from a 31% rise in client revenue, representing a spike in consumer sales. Not to mention, operating income has hit $184 million after the company reported losses of $69 million the year before.
HOW ARE THE MAGNIFICENT 7 DOING? 📈
Company: | Thursday Closing Price (±% from last week): |
|---|---|
Amazon (AMZN) | $197.59 (+0.1%) |
Apple (AAPL) | $221.55 (+3.5%) |
Alphabet (GOOGL) | $185.82 (+0.2%) |
Meta (META) | $509.96 (-1.9%) |
Microsoft (MSFT) | $460.77 (+1.7%) |
Nvidia (NVDA) | $128.28 (+3.5%) |
Tesla (TSLA) | $246.39 (+24.8%) |
CUSTOMIZE YOUR FINANCIAL MANAGEMENT 🤑
Q: What math tool loves farms?
A: A pro-tractor. 🚜
What’s the tool? Fina leverages AI to help users create custom financial management solutions.
How does it work?
Create an account on fina.money.
Safely link your financial accounts (Note: Accounts are linked through a secure third party, so Fina will never see your credentials).
Review your transactions to make sure AI categorized them properly, and change them accordingly.
Use the sidebar to create a new page.
Type in natural language to create live widgets. Users can type something like, “On average, how much money do I spend on Starbucks each week?” This widget will then update in real time on that page, according to transaction activity.
FRY-AI FANATIC OF THE WEEK 🍟
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