Musk pays $5 billion for Dell GPUs

It’s FRY-nancial FRY-day. That means it’s time to ketchup on the FRY-nancial happenings in AI from this week. 🍅

*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…)

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SALTY STORIES OF THE WEEK 🧂

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

• Elon Musk’s AI company, xAI, is set to buy $5 billion worth of AI servers from Dell. These servers will contain Nvidia’s powerful GB200 GPUs, which are essential for training and running AI models. The deal follows xAI’s recent $6 billion funding round, also aimed at purchasing GPUs. (Read More)

• Augury, an AI-powered industrial monitoring startup, has raised $75 million to expand its customer base and enhance its technology, which detects when factory machines need repairs by analyzing vibrations, sound, and temperature. With over half-a-billion hours of machine data, Augury has built what it calls a “malfunction dictionary,” allowing it to predict issues without needing new models for every machine. Augury is a key player in sustainable manufacturing, helping factories extend equipment lifespans while addressing workforce shortages. (Read More)

• Mercor, an AI startup founded by a 21-year-old, has raised $100M in funding. Founded in 2023, Mercor leverages AI to streamline the hiring process for companies and applicants. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

I could never work with computer hardware. If I had to screw around with bolts all day, I would be nuts. 🔩

This week’s diamond in the rough: Vertiv (VRT)

How is Vertiv using AI? Vertiv is a key player in the AI-driven data center boom, providing critical infrastructure like liquid cooling to support high-performance computing.

Want the numbers? Financially, Vertiv has shown strong growth, with diluted EPS surging 77% year-over-year in Q4 2024 and revenue climbing 26%. The company is well-positioned to capture market share in the AI-driven data center boom, and a possible S&P 500 inclusion could further boost its visibility. However, the stock is down over 25% since the DeepSeek news, which devastated the data center market with cheaper, more optimal (though mysterious) solutions to AI training. Although, many think the market has overreacted, and as sentiment normalizes, Vertiv could regain momentum.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

FRY-NANCIAL TOOL OF THE WEEK 🔧

I just farted on my wallet. Now I have gas money. 🤣

What is the tool? WalletHub is a personal finance platform offering free credit scores, full credit reports, and 24/7 credit monitoring, along with tools for budgeting, debt payoff, and financial product comparisons.

Main Features:

• Credit Scores and Reports: Access your credit score and full credit report 24/7, updated daily.

• Personalized Credit Improvement: Get customized advice to enhance your credit standing based on your unique financial situation.

• Budgeting Tools: Utilize AI-enhanced transaction categorization to monitor spending, manage budgets, and track net worth efficiently.

• Debt Payoff Planning: Create tailored plans to manage and reduce debt, facilitating faster financial recovery.

• Financial Product Comparisons: Compare various financial products, including credit cards, personal loans, and car insurance to find options that suit your needs.

• WalletScore: Evaluate your overall financial health with WalletScore, a comprehensive metric encompassing various financial factors.

• Identity Protection: Access features like dark web monitoring, TransUnion credit lock, and identity theft insurance to safeguard your personal information.

FRY-AI FANATIC OF THE WEEK 🍟

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YESTERDAY’S POLL RESULTS 📊

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