🌐 AI: Full Speed Ahead

^{“The art is not in making money, but in keeping it.”}

— Proverb

👋 Friends, Rallie here. The newsletter struttin’ in with the latest in crypto, finance, and tech.

On the menu:

• 🌐 AI: Full Speed Ahead

• 🗞️ Headlines That Hit

• 📈 Refresh: Unicorns

• ✌️ Trivia Thursday

• 💯 Top Tweets

The Rallie Recap

🦾 AI’s potential has countless companies following the gold rush, but how will this affect you? Brace yourself and get ready for the ride.

• The fears. 😰 Callback to our previous newsletter, even AI’s creators are scared of its capabilities. With rapid development of AI accuracy, efficiency, range and potential for innovation, regulation is being advocated for across the board. 👮

• 🎬 And it’s hitting all industries: writers and actors in Hollywood are currently striking over the use of AI to replace and underpay them.

• Not to mention Google is testing an AI tool to write news articles. 📰However, generative AI’s current work has led to factual errors, plagiarized material, and is not throughly edited.

• 🚀 AI is still in its learning phase, but the world is willing to invest.

• 😳 Slipping performance? A study conducted by Stanford and UC Berkeley researchers showed ChatGPT’s performance is decreasing in a couple ways, including more indirect responses to prompts and declines in coding abilities. 🤨

• 👎 Theories for the downgrade. From preventing legal liability to cheaper and potentially faster operating systems, many experts argue it was to be expected. Some fans call ChatGPT’s current version the “dumbed down” model. 😡

• Still, the investments are not stopping. More and more AI companies are entering different fields such as medicine and entertainment everyday. Does that work in the technology’s favour? 

•  As well, Apple is currently working on an AI framework to create large language models and a chatbot to rival current competition. Next year, you can stay tuned for Apple’s plans to make a big AI-related announcement.❗

• After all this exposure to AI, will consumer burnout occur? 🥱

• Still, experts in other fields are increasing the ways and degree in which they use AI. 👩🏻‍🏫 Harvard plans to use an AI bot to fill an instructor position, teaching coding at an introductory course, but it is only designed to help students (with incomplete answers and work to make it less helpful than tools like ChatGPT). 👨🏻‍💻

• 🏥 AI is also helping medicine, with an AI-based analysis method accelerating a study of cell structures, the field that is infamously known as short-staffed, could use the technology as an opportunity. ❤️‍🩹

• 👾 Hackers and scammers have also started to use AI, 76.4% of white hats (ethical hackers to counter scammers and cyberattacks) have used ChatGPT for web security practices.

• How the world adapts to the changes that AI and its evangelists are bringing to its front door will result in a very different future for all to see. 💫

Headlines That Hit

• 😳 1,000%! Microsoft’s stock boom has led to $1B in payouts through equity grants, salary, bonuses, and dividends.

• ⛏️ Uh-oh… India’s plans to build out coal-powered steelmaking capacity will QUADRUPLE emissions from 2021 to 2050.

• ⚓ Striking again!? B.C. port workers union calls off its 2nd strike hours after issuing notice, but they are still not satisfied with last strike’s deal. Unsteady tides, unclear situations.

• ♻️ Bitcoin becoming sustainable. Mining bitcoin with other sectors through its flexible electricity consumption could be crypto’s response to its environmental backlash.

Rallie Refresh: Unicorns

🦄 Not only for those with a pure heart, this investing term manifests itself in real life. Today’s adventure from fiction to reality!

🌈 What is a unicorn?

• A unicorn can refer to two different things in business. 💼 

• First, it’s mainly known as a privately held startup company valued at over $1B, commonly used in the venture capital industry. 💰

• Although many companies who are unicorns work to become public, their investors are typically private or venture capitalists, rather than your average retail investor.

• 🧐 Other conditions include: An innovative idea, a clear plan for growth, reliable business plans, and means to reach out to venture capitalists and private investors (typically funders for these companies).

• Second, the term ‘unicorn’ can be used by HR managers to describe their ideal candidates, who may be overqualified for a certain position. 🤓 This can lead to too much burden on the candidate because of the expectations placed on their skillsets and aptitude. 🧠

⏸ The profit and valuation disconnect.

• The value of unicorn startups is based on the forecasts of their development rather than their financial performance. 🔭

• 🤑 Many companies rarely generate any profit when they start. The start can be the hardest for many businesses, including companies with ‘billion dollar’ ideas.

🎠 Although not as pretty as the myths, unicorns can be pivotal to different financial ecosystems and their workplace cultures.

Enjoy The Weekly Rallie? Recommendations to your friends and family go a long way. ❤️

✌️Trivia Thursday✌️

🔎 The answer for Tuesday’s newsletter (Which option is not one of the three bitcoin scams you should look out for?) is 🧚‍♀️ Fairytale scams! Tune in next time for today’s answer.

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That's all for today. Stay hungry & we'll catch you next time. ✌️

DISCLAIMER: This is not financial or legal advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.