OpenAI's biggest buy yet

Do you want to use AI to get filthy rich? Well, if you figure out how, let us know! Until then, we will give you the latest updates in AI 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

🦾 MindPal: Build an AI workforce. → Check it out

💰 Nily AI: Your AI assistant for all things marketing. → Check it out

💸 Factors: Automate buying signals and drive more pipeline. → Check it out

SALTY STORIES OF THE WEEK 🧂

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

• OpenAI is in talks to buy Windsurf, an AI-powered coding tool formerly known as Codeium, for about $3 billion. This would mark OpenAI’s biggest acquisition yet. Windsurf helps users write code using natural language, and acquiring it would strengthen OpenAI’s position in the competitive world of AI coding assistants. (Read More)

• Intel is selling a 51% stake in its Altera programmable chip unit to private equity firm Silver Lake for $4.46 billion, valuing the business at $8.75 billion. This move is part of Intel’s plan to simplify its operations and focus on more profitable areas like AI and core computing chips. Altera had been losing money and contributed little to Intel’s overall revenue, so spinning it off helps clean up Intel’s finances and lets the company double down on technologies with stronger growth potential in a high-demand AI chip market. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

John Deere, put ‘er in gear! 🚜

This week’s diamond in the rough: Deere (DE)

How is Deere using AI? You probably know Deere for its tractors and construction machines—but it’s also becoming a leader in industrial AI. To tackle the shortage of skilled workers, Deere has started making self-driving equipment. These machines use cameras and AI to see and navigate on their own, whether it’s a tractor working a massive farm or a dump truck at a quarry. Everything is connected through Deere’s mobile app, which lets users track and manage equipment from anywhere.

Why is Deere valuable? Even though Deere’s sales and profits have dropped a bit recently—mostly due to a slowdown in the farming and construction industries—it’s still doing much better than it was before the pandemic. Additionally, most of Deere’s products are made and sold in the U.S., which helps protect it from global trade concerns. Add in a growing dividend (1.4% yield), Deere has potential for further growth, especially as its AI initiatives begin to scale.

HOW ARE THE BIG AI PLAYERS DOING?

$AMZN ( ▼ 0.17% ) 

$AAPL ( ▲ 0.51% ) 

$GOOGL ( ▼ 0.28% ) 

$META ( ▲ 0.86% ) 

$MSFT ( ▲ 0.74% ) 

$NVDA ( ▲ 0.27% ) 

$TSLA ( ▲ 2.15% ) 

FRY-NANCIAL TOOL OF THE WEEK 🔧

Want to get paid for knowing stuff? 🧠

What is the tool? ChatWise allows you to monetize your knowledge in the form of a chatbot.

How does it work?

1. Upload Your Content: Simply upload any files, text, posts, articles, or screenshots of your content.

2. Instant Chatbot Creation: ChatWise’s AI instantly transforms your content into an interactive chatbot that answers questions using the latest LLMs.

3. Monetize Your Knowledge: Set your price and start earning as users access your chatbot to learn from your expertise while you sleep.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, John! 🎉

John gave us a Fresh and Crispy review and wrote, “Appreciate the insights and variety.”

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“As long as we can use the models for free, I’m fine if my data is used for training.” (No 🤷‍♂️)

“Our data is being used by these companies anyways and has been for a long time. Plus, I’m happy to contribute to the AI.” (No 🤷‍♂️)

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