Mandatory AI training...

Hey there! It’s FRY-nancial FRY-day, and we’ve got the crispiest AI finance nuggets for you. 🤑

*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 FINANCE TOOLS OF THE DAY

🤖 Parthean: Automate your financial life with AI agents. → Check it out

💸 PennyFlo: Manage your cash flow with AI. → Check it out

💰 Finta: A fundraising copilot. → Check it out

SALTY STORIES OF THE WEEK 🧂

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

• Groq, a startup specializing in chips designed to accelerate generative AI model processing, announced a $640 million funding round led by Blackrock. This funding round brings Groq’s total raised to over $1 billion and values the company at $2.8 billion. (Read More)

• Starting this month, S&P Global is putting all 35,000 of its employees through a “comprehensive GenAI learning program.” The training will utilize curated content from Accenture LearnVantage, a technology learning and training platform. This initiative aims to develop “AI fluency” among the company’s employees, teaching them how to leverage AI in their daily tasks and customer interactions. (Read More)

• A bipartisan group in the U.S. Congress has introduced the Unleashing AI Innovation in Financial Services Act, a bill designed to promote AI innovation within the financial services industry through the creation of regulatory sandboxes. These sandboxes will allow financial firms to test AI-driven projects under federal oversight without fear of undue regulation or retroactive enforcement. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Did someone lose $500 wrapped in a rubber band? Because I found the rubber band. 😅

This week’s diamond in the rough: Elastic (ESTC).

How is AI helping Elastic? Elastic is an AI-based search company that delivers hosted and managed solutions tailored for hybrid, public, private, and multi-cloud environments. Its primary offering, the Elastic Stack, is a suite of software products designed to analyze and store data from diverse sources. These products stand out for their proficiency in processing unstructured data and deriving significant insights.

Want some numbers? The potential of Elastic has not gone unnoticed by the market, with ESTC stock appreciating nearly 60% over the past year. Despite its high sales multiple of 8.38x, Elastic is relatively undervalued compared to its nearly 10x multiple during the fiscal fourth quarter. Furthermore, given the rising interest in AI-powered search, projected sales for the year are expected to reach $1.48 billion, a 16.6% increase from last year, with further growth to $1.73 billion anticipated next year.

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 delicious! 🤪

What’s the tool? NeonFin helps users discover their hidden spending habits.

How does it work? After creating an account, users can easily scan their receipts to enter itemized spending data. From there, NeonFin offers the following AI-powered features on both web and mobile:

• Advanced Analytics: Track your expenses by category and see your spending habits over time.

• Engaging Points System: Earn points and unlock levels as you stick to your budget. Compare your progress with friends and stay motivated to reach your financial goals.

• Create Lifestyle Budgets: Create budgets for CO2 emissions, average nutri-score, and more.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, silverdragon! 🎉

Silverdragon gave our Sunday Deep-Fried Dive a Sizzlin’ review and wrote, “Your article provided valuable insights into an area of society that is damaged and needs help.”

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“Possibility of removing human error is interesting once perfected.” (Maybe someday. 🤷‍♀️)

“AI robotic surgery has been shown to be very accurate. I’d want a skilled surgeon overseeing the operation in progress. But AI robotic operations have been successful and they can make very small repairs that are a challenge for humans with larger hands.” (Yes! 🦾)

“If they can do it as good or better than a human surgeon, then yes!” (Maybe someday. 🤷‍♀️)

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