AI Pays Humans to Work

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Good morning! Our FRY-nancial FRY-day edition is here to satisfy your hunger for AI and finance. 🤑

*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.*

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🤯 MYSTERY AI LINK 🤯

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

🔨 AI FINANCE TOOLS OF THE DAY

🤖 Bayesline: Build insightful equity risk models in seconds. → Check it out

🏡 Placer AI: Your AI-powered real estate agent. → Check it out

🖇️ Midday: An all-in-one solution for freelancers and small businesses. → Check it out

SALTY STORIES OF THE WEEK 🧂

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

• San Francisco-based startup Story has secured $80 million in a Series B funding round, valuing the company at $2.25 billion. The two-year-old firm uses blockchain technology to protect creators’ intellectual property, enabling them to prove ownership and control the usage of their content. Story’s mission is particularly relevant in today’s data hungry climate, where generative AI models like OpenAI’s GPT often use copyrighted material without permission. (Read More)

• Meta’s stock has surged 13% this month, outpacing its peers despite a substantial increase in capital expenditures. Meta’s success lies in its ability to clearly communicate the immediate and long-term benefits of AI, particularly in its core digital advertising business on platforms like Facebook and Instagram. In contrast, other tech giants like Amazon (below), Microsoft, and Alphabet have struggled to make a compelling case for their AI investments. (Read More)

• Amazon is facing scrutiny from investors as its decision to ramp up spending, particularly in AI computing, weighs on profitability. After a cost-cutting phase that boosted profits and drove a strong stock rally, Amazon’s return to investment mode has caused its stock to lag behind its tech peers since its early August earnings report. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

AI has some big ARMs carrying the load. 🦾

This week’s diamond in the rough: Arm Holdings (ARM).

How is AI helping Arm? Arm is a powerhouse in the semiconductor industry, with its technology powering nearly every smartphone worldwide. Beyond mobile devices, however, Arm is making significant strides in the data center market, particularly as cloud companies upgrade their infrastructure for AI.

Want the numbers? Arm’s business model is highly lucrative, generating revenue by licensing its chip designs and earning royalties on every processor using its technology. In the most recent quarter, the company reported an impressive 47% operating margin, with $448 million in profit from $939 million in revenue.

Why is Arm well-positioned? Arm’s latest chip technology, Armv9, is driving a significant portion of the company’s new revenue, with strong adoption across cloud computing, automotive applications, and consumer electronics. As AI continues to reshape the data center landscape, many major tech players who already trust Arm’s phone processors will likely look to a familiar friend for solutions, putting them in an optimal position for growth.

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 find it yummy! 🤪

What’s the tool? Payman is the first AI to Human platform that allows AI to pay people to help complete tasks.

How does it work?

1. Sign up and add funds to your AI agent wallet: Sign on to the platform, create your agent, and add funds (fiat, crypto, or a bank account).

2. Integrate payment API into AI agent: Take a few seconds to integrate the API into your agent and set spending limits to create a task budget.

3. AI agent posts tasks to marketplace: Your AI agent can now tap into the marketplace and post tasks it needs human feedback or help with.

4. Webhook notifies AI agent of task completion: Payman’s webhook server notifies your AI agent of task completion and returns feedback so your AI can perform better in the future.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, Rick! 🎉

Rick gave us a Fresh and Crispy review and wrote, “Keep the great content coming! I like the short quick read—there are so many tools and your editing makes it easy to digest.”

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“AI CSAM is running rampant.” (Yes, they should be strict 👊)

“Basic restrictions are basic.” (A few basic ones 🙂)

“A list of prohibited items could get long ... Seems cumbersome and endless. Separate lists by age group? Otherwise just require human review of the product before release. Your choice…” (Yes, they should be strict 👊)

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