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Maximize your tax return with AI
Hunter Kallay
March 14, 2025
Happy FRY-nancial FRY-day! It’s time to chow down on the latest financial tech and money moves. 🤑
*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…)
Today’s Menu
Appetizer: Salty Stories of the Week 🧂
Entrée: This Week’s Diamond in the Rough 💎
Dessert: FRY-nancial Tool of the Week 🔧
🔨 AI FINANCE TOOLS OF THE DAY
📈 Tickertape: Track stocks with AI. → Check it out
💰 Digits: End-to-end accounting with AI. → Check it out
💞 Emotional Finance Tracker A Notion template to help improve your relationship with money. → Check it out
SALTY STORIES OF THE WEEK 🧂
Want some seasoning? Here are the saltiest AI stories in FRY-nance from this week:
CoreWeave, an AI startup backed by Nvidia, has signed a five-year, $11.9 billion contract to provide cloud computing services to OpenAI. As part of the deal, OpenAI will acquire a stake in CoreWeave, which plans to issue $350 million in shares through a private placement during its upcoming stock market debut. (Read More)
Reflection AI, a new AI startup founded by former Google DeepMind researchers, has raised $130 million in funding. The company is developing fully autonomous coding systems that can write, test, and deploy software without human assistance. Unlike existing AI tools that act as assistants, Reflection aims to create AI capable of handling entire engineering tasks independently, bringing the field closer to so-called “superintelligence”—AI that surpasses human capabilities. (Read More)
ServiceNow has announced its acquisition of Moveworks, a company specializing in AI-powered automation for businesses, for $2.85 billion in cash and stock. The deal, expected to close in the second half of 2025, strengthens ServiceNow’s push into AI-driven workflow automation. (Read More)
THIS WEEK’S DIAMOND IN THE ROUGH 💎
Image: Upstart
I have no interest in loans. 💸
How is Upstart using AI? Upstart uses AI and machine learning to make lending faster and more efficient. Traditional loan approvals rely heavily on credit scores and can take days, but Upstart’s AI-driven platform assesses a borrower’s creditworthiness in seconds. With over 100 banking and credit union partners, and 91% of its loans fully automated, the company reduces costs for lenders while expanding access to credit for more borrowers. Its AI model also improves over time by analyzing data, allowing it to approve loans with lower credit scores without increasing default rates.
Want the numbers? Financially, Upstart has shown high growth potential but also significant risks. In Q4 2024, revenue increased 56% year over year to $219 million, and loan volume was up 68%. For the full year 2024, revenue was up 24%, and Upstart added 24 new credit partners. However, analysts point out that Upstart’s model has not been tested in a major recession, and its success depends on interest rates. The immediate future of the U.S. economy remains unclear, and so these factors make the company’s value volatile.
HOW ARE THE MAGNIFICENT 7 DOING? 📈
Company: | Thursday Closing Price (±% from last week): |
|---|---|
Amazon (AMZN) | $193.89 (-3.5%) |
Apple (AAPL) | $209.68 (-12.2%) |
Alphabet (GOOGL) | $162.76 (-5.9%) |
Meta (META) | $590.64 (-6.3%) |
Microsoft (MSFT) | $378.77 (-4.8%) |
Nvidia (NVDA) | $115.58 (+4.5%) |
Tesla (TSLA) | $240.68 (-9.5%) |
FRY-NANCIAL TOOL OF THE WEEK 🔧
Image: Decode
Q: Why are accountants always tired after work?
A: Because their job is so taxing. 😓
What is the tool? Decode uses AI-driven analysis to help users maximize their tax returns.
How does it work?
Sign up for free.
Upload your U.S. tax return.
Get AI-driven recommendations to lower your tax bill and maximize your return.
FRY-AI FANATIC OF THE WEEK 🍟
Congrats to our subscriber, jsnapp! 🎉
Jsnapp gave us a Sizzlin’ review and wrote, “Always my go-to read in the morning!”
(Leave a comment for us in any newsletter, and you could be featured next week!)
YESTERDAY’S POLL RESULTS 📊
Featured Comments:
“Nothing is better than a creative mind.” (Yes. That would be BAD! 👎)
“AI should free us to do creative things, not take over them.” (Yes. That would be BAD! 👎)
“Good movies are just good movies.” (Nope, I wouldn't care. 🤖)
“My career is in AI, but there is always more value and beauty in art created through the labor and ingenuity of the human hand.” (Yes. That would be BAD! 👎)
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