Honesty is the best policy 📈

“If you can dream it, you can do it.”

— Walt Disney

👋 Friends, Rallie here. The newsletter that promises to always make you smile, even when your Tuesday feels like a Monday.

On the menu:

• 📈 Honesty is the best policy

• 🗞️ Headlines That Hit

• 🥇 Refresh: Exchange Traded Funds

• 💯 Top Tweets

The Rallie Recap

🤖 Are you ready for the truth? Elon Musk is launching a new AI platform, and he's calling it TruthGPT.

• This week, during an interview with Fox News’s Tucker Carlson, Elon Musk said he’s working on “TruthGPT,” a ChatGPT alternative that acts as a “maximum truth-seeking AI.”

• In the candid interview, Musk reinforced that this alternative approach to AI creation was needed to avoid the destruction of humanity, saying the new platform "might be the best path to safety" and "unlikely to annihilate humans" ...while adding, "It's simply starting late. But I will try to create a third option."

• Musk also criticized OpenAI, the company behind ChatGPT, which he co-founded, saying it's "training the AI to lie" and that OpenAI has now become a "closed source", "for-profit" organization "closely allied with Microsoft". Fightin' words!

• He also accused former friend and co-founder of Google, Larry Page, of not taking AI safety seriously, noting that Page once called Musk a 'specist' while discussing artificial intelligence. Now, that's a nerd dig if we've ever heard one.

• You may remember from a few weeks ago, Musk and a group of artificial intelligence experts called for a six-month pause in developing systems more powerful than OpenAI's GPT-4, citing potential risks to society.

• The new AI company is incorporated in Nevada and called X.AI Corp., in which Musk is the sole listed director, according to The Wall Street Journal.

🫣 We have to say, it's quite the interview. Watch it here.

Headlines That Hit

• 🚀 A lesser-known, but historically reliable bitcoin price indicator has flipped positive, signalling that a major bull market is on the horizon. 

• 👀 Canada’s largest public media company, CBC, is leaving Twitter after Elon Musk labelled it “Government-Funded” ...later changing it to "69% government funded media." Oh, Elon.

• 💵 After selling his company for a yard (finance slang for a billion dollars), Ryan Reynolds has invested in a fintech payments company based out of Montreal.

• 🔍 Let's get clear. CEO of Coinbase, Brian Armstrong, says "anything is on the table" for the crypto exchange's future, should greater regulatory clarity not emerge in the U.S.

• 🚚 Call the movers. Major office owner, Brookfield, has defaulted on $161.4M USD debt for office buildings, as rising vacancies has hit property values, which are down 25% this year.

Rallie Refresh: Exchange Traded Funds

📈 Want to invest in a diverse portfolio without the headache of managing individual stocks? Enter Exchange Traded Funds (ETFs), the Swiss Army Knife of investing - versatile, practical, and always handy to have in your pocket. Here's the lowdown:

• ETFs are like baskets of securities that can be bought and sold like stocks, and provide a convenient and flexible way to invest in a diversified portfolio.

• They are traded on stock exchanges throughout the day, allowing investors to buy and sell shares in real time at market price.

• ETFs generally have lower fees compared to actively managed mutual funds, which can save you lots of cash over the long term.

• ETFs can track an index, commodity, or a specific sector, giving you exposure to a wide range of investments.

• They are transparent, as their holdings are disclosed daily, allowing you to see exactly what they are investing in.

So whether you're a seasoned investor or just starting out, Exchange Traded Funds are a great investment option for anyone who wants simplicity, flexibility, and long-term results.

Trending Tweets

Our fav funnies to get you through the day.

Congrats, you made it to the end!

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

DISCLAIMER: This is not financial 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.