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Revolutionize Your Business with These AI Websites 🤖 Rewind's $350M Twitter Strategy 🗺 Millionaire-Making AI Stocks 📈

May 17, 2023

AI Leaks

🤖 AI and Business

Rewind AI, received 170 offers and a $350m valuation in an unusual fundraising process. The CEO, Dan Siroker, posted an investor prezo on Twitter and invited VCs/Investors to submit offers. He received over 1,000 preliminary offers and ultimately selected 170 investors. Why fun raise this way? See below:

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Philippe Laffont's hedge fund more than doubled its stakes in Meta, Netflix, Microsoft, and Alphabet in the first quarter. Meta became Coatue's largest holding, with a stake worth $1.7 billion. The fund also upped its stakes in AMD, Nvidia, and Taiwan Semiconductor. The semiconductor sector enjoyed its best quarter since 2020 in Q1, as investors rotated back into the beaten-down industry.

According to Grand View Research, the market should make a dramatic leap in 2030, going from $137 billion in 2022 to a mind-boggling $1.81 trillion. The AI millionaire potential is palpable, with surveys suggesting AI could add a whopping 21% net boost to the US GDP by 2030.

Billionaire investors increased their stakes in AI stocks during the first quarter of 2023. Stanley Druckenmiller's Duquesne FO added more than 208,000 shares of Nvidia Corp., while David Tepper's Appaloosa Mgmt. added a new position in the company. Both firms also bought shares of Cathie Wood's ARK Innovation ETF, which invests in companies that create disruptive technologies.




👨🏼‍💻 AI Advancements

The CEO of OpenAI, acknowledged the need for regulatory intervention in artificial intelligence. He told senators at a hearing that his greatest fear is that AI ends up causing “significant harm to the world.” To that end, he said he thinks that regulatory invention from the government could be “critical” in helping ensure that the technology is rolled out responsibility.

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🕵🏼‍♂️ AI Absurdity

Tom Hanks believes that his 2004 film The Polar Express was ahead of its time in its depiction of artificial intelligence (AI). The film used computer-generated imagery (CGI) to create a realistic-looking animated character, which Hanks believes is a glimpse into the future of AI, where machines will be able to create realistic-looking images and videos that can be difficult to distinguish from real life. Hanks believes that AI can be used for good, such as creating new forms of art and entertainment, as well as solving complex problems like climate change.

💻 AI Productivity

😇 Links That Don't Suck

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Cheers,

Marc