Bezos drops big money...

Good morning. FRY-nancial FRY-day is here, and that means it’s time to explore all things AI and finance! 🤑

*The content provided in this newsletter is for informational purposes only and does not constitute investment advice.*

🤯 MYSTERY AI LINK 🤯

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

🔨 AI FINANCE TOOLS OF THE DAY

📰 Finalle: A platform that uses AI to gather financial data and news. → Check it out

📞 AI Front Desk: An AI phone receptionist for your business. → Check it out

🏆 Winning Hunter: Find winning products and ads in seconds. → Check it out

SALTY STORIES OF THE WEEK 🧂

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

• Amazon founder Jeff Bezos and Samsung have joined forces to invest $700 million in Tenstorrent, a startup aiming to challenge Nvidia’s dominance in AI chips. This funding round, led by South Korea’s AFW Partners and Samsung Securities, values Tenstorrent at $2.6 billion. (Read More)

• ByteDance, the parent company of TikTok, is suing former intern Tian Keyu for $1.1 million (USD). The company accuses Tian, a postgraduate student at Peking University, of manipulating code and making unauthorized changes that sabotaged critical AI model training tasks. (Read More)

• Nebius, a European AI infrastructure company formerly known as Yandex N.V., has raised $700 million to fuel its U.S. expansion. This funding comes from prominent investors, including Nvidia, Accel, and Orbis, with more names to be disclosed after SEC filings. Headquartered in the Netherlands, the company focuses on AI cloud infrastructure and related ventures, including an autonomous vehicle company, a generative AI business, and an edtech platform. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Big tech gets all the attention. Let’s take a moment to check out one of the little guys. 🙂

This week’s diamond in the rough: Alight Inc. (ALIT)

How is AI helping Alight? Alight Inc. uses AI to enhance its cloud-based human capital management solutions. Its AI engine, LumenAI, powers the Alight Worklife platform, which helps organizations manage employee benefits, financial well-being, and healthcare navigation more effectively. By implementing Alight’s AI-powered solutions, companies can streamline operations and better support their employees.

Want some numbers? Founded in 2017, Alight has had trouble gaining widespread adoption. As a result, its stock has fallen almost 10% in the past year. However, over half (56%) of companies are actively looking for ways to leverage AI to streamline and optimize their business operations. As more companies look for AI solutions, Alight could see an increase in popularity and value.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

Q: Did you hear about the rich clown?

A: He was great at juggling his finances. 🤡

What is the tool? Buddy is an AI-powered personal finance app that helps users budget, track spending, and share expenses with others.

What are the features?

• Create budgets: Get to know exactly how much you have left to spend by planning ahead, using AI-created budgets.

• Track expenses: Quickly add your transactions to see how much you're spending and where your money is going.

• Share budgets: Invite your partner, roommate, or anyone else to your budget and sync transactions between each other.

• Multiple accounts: Merge all your accounts in one place to get a comprehensive view of your spending and saving.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Grant! 🎉

Grant gave us a Sizzling review and wrote, “Love these emails, keep up the good work.“

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“I think it’s a fascinating endeavor! Filled with caution and uncertainty, sure, but what great voyage isn’t? It’s time to embrace the potential of our limits, by virtue of our tools.” (It’s cool! 🤖)

“It crosses the line.” (It’s weird! 🙃)

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