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Anthropic CEO: "Be prepared"
Hunter Kallay
May 30, 2025
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It’s that time of the week when traders panic, bots optimize, and FryAI fries. That’s the cycle. Let’s dive in! 📈
*The content provided in this newsletter is for informational purposes only and does not constitute investment advice.*
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Today’s Menu
Appetizer: Salty Stories of the Week 🧂
Entrée: This Week’s Diamond in the Rough 💎
Dessert: FRY-nancial Tool of the Week 🔧
SALTY STORIES OF THE WEEK 🧂
Want some seasoning? Here are the saltiest AI stories in FRY-nance from this week:
Dario Amodei, CEO of Anthropic, warned that AI could soon eliminate up to half of all entry-level white-collar jobs—including roles in tech, law, finance, and customer service—potentially pushing U.S. unemployment to 10–20% within just a few years. He says AI is rapidly becoming capable of replacing humans in tasks like coding, legal analysis, and support roles, and once it becomes cheaper and just as effective as a human, companies will switch: fast. While this technology holds promise for breakthroughs in medicine and economic growth, Amodei stresses that workers, CEOs, and governments must act now to prepare for the disruption. (Read More)
“You can’t just step in front of the train and stop it. The only move that’s going to work is steering the train—steer it 10 degrees in a different direction from where it was going. That can be done. That's possible, but we have to do it now.”
Buildots, a fast-growing AI company, just raised $45 million to transform how construction projects are managed. By using AI and computer vision, Buildots helps construction teams spot delays early, track progress automatically, and save millions in costs—especially important as data centers and massive infrastructure projects boom worldwide. Backed by major investors and used by top construction firms like Intel and Turner Corp., Buildots is rapidly expanding across North America and Europe. This new funding will help it scale even further, making construction smarter, faster, and more efficient. (Read More)
THIS WEEK’S DIAMOND IN THE ROUGH 💎
Image: Veritone
Q: What is a diamond’s favorite food?
A: Carats, duh! 🥕
How is Veritone using AI? Veritone uses AI to help organizations turn complex data—like audio, video, and text—into usable insights. Its core platform, aiWARE, acts as an AI operating system that coordinates multiple machine learning models to analyze and process unstructured data. This technology powers solutions across industries such as media, legal, and government, where it’s used for tasks like content indexing, evidence review, and real-time video analysis, making it easier for users to extract meaning and take action from large volumes of data.
Why is Veritone valuable? Veritone’s financials show a company reshaping its business model. After selling off its media division, first-quarter 2025 revenue fell to $22.5 million—a 7% drop from the previous year—because it now reports only from its core AI software operations. Still, the company has built a strong base of recurring revenue, with $58.7 million in Annual Recurring Revenue (ARR), 81% of which comes from subscription-based customers. This shift points to a more stable and predictable software business. Looking ahead, Veritone sees growth potential in areas like government contracts and new products such as the Veritone Data Refinery, which is gaining traction among enterprise clients.
HOW ARE THE BIG AI PLAYERS DOING?
FRY-NANCIAL TOOL OF THE WEEK 🔧
Image: Price Tracker
I told my tailor his prices were outrageous. He told me to suit myself. 👔
What is the tool? Price Tracker lets you track the price of any product and get alerted when the price drops.
How does it work?
Add Products: Simply paste the URL of any product you want to track.
Price Tracker Monitors: The AI-powered system checks for price changes daily.
Get Notified: Receive instant alerts when prices drop on your tracked items.
FRY-AI FANATIC OF THE WEEK 🍟
Congrats to our subscriber, AJ! 🎉
AJ gave us a Fresh and Crispy review and wrote, “If you give a Fox a FryAI, he’s going to ask for some sauce on the side. When you give him the sauce, he’ll dip with pride, then ask for a drink to go with the ride. When he sips his soda with a sly little grin, he’ll notice some crumbs on his fiery red chin. He’ll ask for a napkin, then a mirror to see— and spot his reflection, as clever as can be. That’ll remind him he’s sly and slick, so he’ll want to make a FryAI trick. He’ll stack the fries like a golden tower, then pretend it’s a fortress with super-fry power. But just as he guards his potato domain, he’ll spot a fry falling—oh no, the pain! He’ll leap to catch it, then spin and sigh, because no fox lets a FryAI go by. That little taste will remind him again, and he’ll ask, with a twitch of his taily end … ‘Can I have another FryAI?’”
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