Why did Nvidia give Elon Musk $2B?

In partnership with

On FRY-days, we do FRY-nance: Wall Street is guessing, Silicon Valley is building, and FryAI is connecting the dots. The smartest FRY-nancial scroll of your week starts now! 🤑

*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…)

Modernize Out Of Home with AdQuick

AdQuick unlocks the benefits of Out Of Home (OOH) advertising in a way no one else has. Approaching the problem with eyes to performance, created for marketers and creatives with the engineering excellence you’ve come to expect for the internet.

You can learn more at www.AdQuick.com

SALTY STORIES OF THE WEEK 🧂

• Elon Musk’s AI startup xAI just raised $20 billion to fuel its growth, with $2 billion coming directly from Nvidia. The money will go toward building out Colossus 2, xAI’s major data center in Memphis, using Nvidia’s powerful chips. To reduce financial risk, the deal is structured through a special vehicle that rents GPUs to xAI rather than burdening the company with direct debt. This move shows both the intense demand for AI infrastructure and the creative financing now driving the AI boom. (Read More)

• The Bank of England has warned that financial markets, especially those heavily invested in AI-focused tech companies, are at increased risk of a sharp correction. Stock prices are near record highs, and optimism surrounding unproven AI companies may be overblown—leaving markets vulnerable if expectations shift. The Bank cited global risks like geopolitical tensions, supply chain issues, and rising debt as added pressure, cautioning that any setback in AI progress or earnings could trigger a broader downturn. Such a correction could hit the global economy hard. (Read More)

• Deloitte just signed a major deal with Anthropic to roll out the Claude AI chatbot to all 470,000 of its employees, aiming to boost productivity and tailor the tech for different job roles. But the move comes as Deloitte faces scrutiny for an earlier report to the Australian government that contained fake citations—some generated using OpenAI’s GPT-4o. While Claude wasn’t involved in that blunder, the incident highlights a growing concern: AI can be helpful, but when it hallucinates or makes things up, it can damage trust and credibility. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

This week’s diamond in the rough: Iron Mountain

$IRM ( ▼ 1.21% )  

How is Iron Mountain using AI? Iron Mountain, once known for storing paper records, has transformed into a crucial player in the AI infrastructure space. As companies ramp up their use of AI, they need more powerful servers and secure places to store massive amounts of data. Iron Mountain provides that physical infrastructure. It also helps companies safely recycle and dispose of old equipment as they upgrade to handle AI workloads.

Why is Iron Mountain valuable? Iron Mountain’s revenue rose nearly 8% year-over-year, with its data center business alone jumping over 20% last quarter. With 424 megawatts of mostly leased space and another 185 megawatts in development—including a $1 billion campus in Virginia—the company is expanding to meet AI demand. It recently raised its full-year outlook and boosted its dividend by 10%, signaling confidence. After a 20% rally, the stock is near its all-time high.

HOW ARE THE BIG AI PLAYERS DOING?

$AMZN ( ▼ 3.42% )  

$AAPL ( ▼ 1.89% )  

$GOOGL ( ▼ 1.24% )  

$META ( ▼ 2.47% )  

$MSFT ( ▼ 1.19% )  

$NVDA ( ▼ 2.15% )  

$TSLA ( ▼ 3.2% )  

Used by Execs at Google and OpenAI

Join 400,000+ professionals who rely on The AI Report to work smarter with AI.

Delivered daily, it breaks down tools, prompts, and real use cases—so you can implement AI without wasting time.

If they’re reading it, why aren’t you?

Join 400K+ pros

FRY-NANCIAL TOOL OF THE WEEK 🔧

What is the tool? Origin Financial helps users take control of their financial life.

What are the features?

• Track everything: Connect your accounts and see everything in one place.

• Instant Insights: Understand the why behind the what.

• AI Advisor: Ask anything about your money.

• Forecast with AI: Explore the impact of “what-if” scenarios on your future finances.

• Smarter Portfolio: Manage your stocks, funds, and crypto all in one place.

• Weekly Recaps: Get a quick breakdown of what changed, why it happened, and whether you’re trending in a good direction.

FRY-AI FANATICS OF THE WEEK 🍟

Some of our best Fresh and Crispy reviews of the week:

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

YESTERDAY’S POLL RESULTS 📊

Featured comments:

“Well ... the ‘Jetsons’ had a maid. I want one too.” (Yes 🤖)

“I think they’ll be around, but not common.” (No 🧹)

“Too many cannot afford a house. A butler? A maid?” (No 🧹)

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

Your feedback on these daily polls helps us keep the newsletter fresh—so keep it coming!