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Why is Meta cutting jobs?

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It’s FRY-day, which means it’s time for all things AI and FRY-nance. Let’s dive in! 🤑

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

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SALTY STORIES OF THE WEEK 🧂

  • Meta is cutting around 600 jobs from its Superintelligence Labs AI unit, primarily affecting teams like Facebook AI Research (FAIR), AI infrastructure, and product-related AI. The company says the move will streamline decision-making and expand the impact of remaining roles. Despite the cuts, most affected employees are expected to find new roles within Meta. This comes as Meta secured a $27 billion deal with Blue Owl Capital to fund massive AI data centers. (Read More)

  • Nvidia CEO Jensen Huang recently said the company’s AI hardware business in China has dropped from 95% market share to zero due to U.S. export restrictions. Huang confirmed that Nvidia no longer expects any revenue from China in its forecasts and criticized the policy for cutting U.S. companies off from a major market. The ban affects Nvidia’s advanced data center chips, which have been restricted since 2022, and has pushed Chinese firms to develop local alternatives. While Huang hopes to reenter the market someday, Nvidia has effectively exited China for now. (Read More)

THIS WEEK’S DIAMOND IN THE ROUGH 💎

This week’s diamond in the rough: Oscar Health 

How is Oscar Health using AI? Oscar Health is using AI to improve how members interact with their health insurance. The company recently launched Oswell, a personal AI assistant powered by OpenAI, designed to offer fast, on-demand support to members. This move is part of a broader effort to enhance customer experience, which also includes new AI-supported health plans and digital reward programs aimed at promoting healthier behaviors. Oscar is even rolling out a menopause-specific plan—the first of its kind in the individual market—highlighting its push toward more personalized, tech-enabled care.

Why is Oscar Health valuable? Oscar Health shares are up over 50% year-to-date and neared an all-time high this week following the Oswell announcement. The stock remains volatile, with frequent swings over 5% daily, suggesting the market is still figuring out how to value the company. Still, Oscar is expanding into new states like Alabama and Mississippi and increasing its reach to 573 counties, signaling significant growth potential—especially if its AI investments help reduce costs and improve customer retention.

HOW ARE THE BIG AI PLAYERS DOING?

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FRY-NANCIAL TOOL OF THE WEEK 🔧

Image: ChartDetector

What is the tool? ChartDetector leverages AI to turn complex market data into comprehensive reports and actionable trading strategies.

How does it work?

  1. Input Your Asset: Paste a chart URL from any major platform (like TradingView) or simply enter a Crypto ID, Stock Ticker, or Commodity Symbol.

  2. Select Analysis Depth: Choose from a quick glance for rapid insights to a professional-grade deep dive for comprehensive strategies.

  3. Receive Instant Insights: ChartDetector’s AI analyzes the data in seconds, delivering a full report with trends, patterns, sentiment, risk levels, and AI-driven predictions. This feature also offers an “Explain like I’m 12” option, which makes the reports super easy to understand!

FRY-AI FANATICS OF THE WEEK 🍟

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

“CRISPY! Seriously love this newsletter. Cannot wait to open it each day!”

-Bill

“You guys are always on top of it!”

-Hannah

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