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TikTok + Perplexity = ?

AI has the financial world in a frenzy! On FRY-nancial FRY-days, we are here to help you sort it out. 🤑

*The content provided in this newsletter is for informational purposes only and does not constitute investment advice.*

(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

📄 JenVoice: Create professional invoices in seconds.Check it out

🦒 Giraffe Odds (App): Make friendly wagers on anything.Check it out

⛓️ ChainGPT: Get help with blockchain activities and requirements. → Check it out

SALTY STORIES OF THE WEEK 🧂

Image: Mistral

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

  • Perplexity, a rising AI search engine, has proposed a merger with TikTok U.S. The goal is to form a new entity that combines both platforms. The bid, submitted to TikTok’s parent company, ByteDance, would allow ByteDance’s current investors to keep their stakes while integrating Perplexity’s AI with TikTok’s video platform. This structure avoids an outright sale, which ByteDance opposes, and positions the merger as a strategic partnership. If this deal happens, it could take months to finalize. (Read More)

  • According to CEO Arthur Mensch, Mistral—a French AI lab founded in 2023—is working towards an initial public offering (IPO). Mistral develops AI tools like its ChatGPT rival, Le Chat. The company is currently valued at $6 billion and backed by $1.14 billion in funding. (Read More)

  • Databricks, a leader in AI data solutions, has raised $10 billion in Series J funding, bringing its valuation to $62 billion. The funding includes investments from Qatar’s QIA, Temasek, Macquarie Capital, and new strategic partnership with Meta. Databricks also secured a $5.25 billion credit facility led by major financial institutions like JPMorgan Chase and Goldman Sachs. This capital will support new AI product development, global expansion, acquisitions, and employee liquidity. Databricks’ platform helps organizations harness data for AI and machine learning, driving innovations like cancer detection, climate solutions, and financial fraud prevention. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

Image: GitLab

Want to hear a funny coding joke? 01011100. 😆

This week’s diamond in the rough: GitLab (GTLB)

How is GitLab using AI? GitLab is quietly reshaping software development with AI. Its DevSecOps platform combines development, security, and operations into one efficient workflow, while GitLab Duo uses AI to speed up coding and reduce human errors. These tools help teams work faster, deliver secure software, and stay ahead in competitive markets.

Want some numbers? GitLab demonstrated a 31% revenue increase last quarter, continuing a streak of six consecutive quarters with 30-40% growth. The company’s AI capabilities, particularly through GitLab Duo, have driven significant customer adoption, including five new six-figure deals in the last quarter alone. Notably, a recent partnership with AWS has broadened its presence in cloud computing. GitLab’s ability to retain and expand customer relationships is also evident in its impressive 124% net revenue retention rate.

HOW ARE THE MAGNIFICENT 7 DOING? 📈

Company:

Thursday Closing Price (±% from last week):

Amazon (AMZN)

$235.42 (+6.7%)

Apple (AAPL)

$223.66 (-2.1%)

Alphabet (GOOGL)

$197.98 (+2.6%)

Meta (META)

$636.45 (+4.1%)

Microsoft (MSFT)

$446.71 (+5.2%)

Nvidia (NVDA)

$147.22 (+10.2%)

Tesla (TSLA)

$412.38 (-0.3%)

FRY-NANCIAL TOOL OF THE WEEK 🔧

Image: Avanzai

Q: Why was the spreadsheet afraid of its chart?

A: Because it has multiple axes. 🪓

What is the tool? Avanzai is a tool that uses AI to uncover hidden market dynamics by creating easy-to-read charts out of data.

How does it work?

  1. Sign up with your email.

  2. Ask any question about the market.

  3. Optional: Upload your own data and ask a question about it.

  4. Avanzai will create a unique chart displaying the information.

FRY-AI FANATIC OF THE WEEK 🍟

Congrats to our subscriber, doctorbf! 🎉

Doctorbf gave us a Sizzling review and wrote, “Exactly what I wanted to see and hear.”

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

YESTERDAY’S POLL RESULTS 📊

“I like them but they could be more elaborate.” (I like them! 👍)

“Typical garbage reacting to stimuli. For God’s sake, quit trying so hard to be ... HELPFUL.” (I don’t like them 👎)

“They’re not always right and don’t always answer the prompt, but … when it’s correct it helps a lot.” (I like them! 👍)

“I believe they are useful summaries for to be used as a guide to search for more information, but not to be taken word for word.” (I like them! 👍)

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

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