Musk’s AI Master Plan

A great deal isn’t understood about AI.

And perhaps even less is understood about Elon Musk.

Let’s break it down.

Right now, one of the biggest problems facing AI companies such as OpenAI is the possibility of lawsuits from authors and celebrities who are mad their content is being used to train the model.

An AI is only as good as the data it is fed.

So the real key is controlling your own data set.

If you look at Twitter right now, it’s bleeding money.

Advertisers are still mostly avoiding the platform.

Perhaps Musk will be able to defeat Threads and Meta Platforms… but that just creates the possibility of victory, it doesn’t really achieve anything for him.

So it might sound insane that he is starting his own AI firm, xAI.

Yet it is the natural next step.

Bulk data is extremely valuable to any Large Language Model.

And you also want something that is up-to-date. (ChatGPT’s data is a few years old.)

Twitter is just such a data source.

Is it worth $44 billion? We will soon find out.

But I expect there is method to Elon Musk’s seeming madness…

And Twitter’s true value has yet to be revealed.

Keep Moving,

P.S. My friend Jeff Williams is on a tear, stacking up wins for his Atomic Trades customers.

Now he is sharing how he spotted trades like NKLA, WULF and more BEFORE they ran.

It’s all part of his Free Atomic Trades Friday.

Join him live HERE from 3-4pm to experience this system before the closing bell

WORD ON THE STREET

FTC Blinks In Opposition To Microsoft/Activision Deal

Fed Rolls Out New Payments System – The FedNow instant payments system has been launched, allowing a faster flow of cash to customers – at least according to regulators. Individuals and businesses will be able to use the service for purposes such as immediately receiving a paycheck. At least 35 banks have already signed up, including big names like JPMorgan Chase.

FTC Could Pause Merger Opposition – Bloomberg News reported that the Federal Trade Commission may pause its opposition to a proposed merger of Microsoft and Activision Blizzard Inc. If the deal goes through, it will be the biggest deal in gaming history, at about $69 billion.
Get hype – the deal is scheduled to close on October 18

AMC Abandons Airline Style Seating – It turns out location-based seating doesn’t work in movie theaters. AMC is bailing on its location-based pricing program in order to stay competitive. Instead, it is now going to try “enhanced spacious front row seating with extensive seat recline.” Good luck with that.

Longest Winning Streak For Stocks Since 2017 – The Dow was up 164 points as it clinched a nine-session winning streak. That’s the longest one since 2017. However, it wasn’t all good on the Street – the NASDAQ was down more than 2%.

HOT SPOTS: What’s Going on in Geopolitics

India Bans Non-Basmati White Rice – In a ban taking immediate effect, the world’s largest rice exporter banned rice exports. The purpose is to “allay the rise in prices in the domestic market,” according to the Ministry of Consumer Affairs. However, as this will spike global prices, it’s likely prices even within the country may increase.
North Korean Hackers Steal Crypto – North Korean hackers successfully penetrated American IT company JumpCloud, using it as a springboard to hack other companies. At least two cryptocurrency companies were targeted. JumpCloud says fewer than five of its clients were hit.
Ukraine Fails To Intercept Russian Missiles – Ukraine admitted that just five of the 19 missiles Russia has launched against Odesa were intercepted, as the relatively lightly defended area struggles to cope with a devastating attack against the grain port. Ukraine is focusing much of its air defense on defending the capital as its ground troops struggle to break through Russian defenses in a counteroffensive.

CUTTING EDGE: What‘s Happening In Tech

Walmart+ Half Price For Those On Government Assistance – Walmart+Assist will offer a membership to Walmart+ for $49 a year for anyone on government assistance. “We’re making it easier and more accessible for government-assisted customers to become members and take advantage of the full suite of savings Walmart+ has to offer them,” said the company.

Netflix Drops Basic Membership Plan – Just after surging after reporting strong earnings, NFLX dropped the bad news. The basic Netflix plan, which cost $9.99, is no longer available for new or rejoining members. There are now the Standard and Premium plans – both of which are more expensive.

TSM Delays Chip Production – That may hurt President Joe Biden’s re-election bid – the much-promoted semiconductor manufacturing factory planned by Taiwan Semiconductor Manufacturing announced a one year delay. The company now says production won’t start until 2025 – after the election.

TSM also reported a lower quarterly profit for the first time in four years

“The SEC actually has moved forward and accepted six applications for bitcoin exchange-traded funds.”

In a recent congressional hearing, SEC Chair Gary Gensler was spitting venom at crypto. But the story isn’t that simple, as the SEC is doing more than ever before to legitimize crypto. How can investors take advantage?

DIVISIVE CRYPTO HEARING SHOWS BTC SAFEST CHOICE

Enjoying Dawn Report? Learn something, made some money?
SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER.
Let us know at info@rogueinvesting.com

The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information

Musk’s AI Master Plan

WORD ON THE STREET

FTC Blinks In Opposition To Microsoft/Activision Deal

HOT SPOTS: What’s Going on in Geopolitics

North Korean Hackers Steal Crypto – North Korean hackers successfully penetrated American IT company JumpCloud, using it as a springboard to hack other companies. At least two cryptocurrency companies were targeted. JumpCloud says fewer than five of its clients were hit.

CUTTING EDGE: What‘s Happening In Tech

Share this:

Are you ready for The Great American Reset?

Recent Posts

China Seizes Control Over Supply Chain

Don’t Take BRICS Too Seriously

Most Important Fed Meeting Drops TODAY