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A Huge Week For AI...What Part Makes Me Bullish

Feed Mayo To The Tuna...

Happy Friday

This was a monumental week for AI.

Open AI raised $10 billion through equity and debt and Facebook hit an all-time high and a market cap $1.5 trillion.

Jensen Huang the founder of Nvidia is today worth more ( $104 billion) than the whole of Intel ($96 billion)!

I’ll be honest…I still do not use Chat GPT. But Ethan, my chief of staff, uses Chat GPT all day and even pays for it. So, indirectly I use and benefit from Ethan using it. I think of Chat GPT like I think of Excel. I see excel spreadsheets daily but rarely use it myself.

What I do use is Google’s AI suite called Gemini. I use it because I live in Gmail and Chrome. I really like it.

I do understand the bears and haters, but it is not for me to stand in front of a money and PR freight train.

The ringleader of the bears is Ed Zitron. I love his zest for hating on Open AI and Sam Altman (I do not trust Sam or Open AI).

Here is Ed’s his latest takedown.

To Ed I say two things can be true. AI can be a bubble (Chat GPT and its clones may be an overhype machine magic trick), but AI can be incredibly useful tool for most people on earth.

I am most excited for AI at the moment because I am the CEO of Stocktwits. For 17 years we have built a community of millions of people talking about stocks all day long.

With AI, all this content now is fuel.

Here is Michael Keaton way back in the awesome movie ‘Night Shift’ explaining AI ahead of it’s time…

Feed Mayo To The Tuna

The machines must be fed and those with the mayo have a new role to play.

You do not have to take my word for it…today Reddit hit an all-time ($11 billion). They have their own huge ocean of spicy mayo!

As a tease here is a sampling of how we are deploying AI over the next few quarters at Stocktwits (on the product side).

Soon our ticker pages will be fully redesigned so people can see the stream of messages/ideas or a 'rewind' and running summary of the stream.

In real time, we will be able to organize bull and bear cases, the key issues driving the stock or markets at the moment, offer news with our own sentiment (Stocktwits newswire) and live polls. A message with a cashtag , like $AAPL or an ETF like $XLE will explode with contextual data as it is shared and streams.

With AI running in the background (getting cheaper to do so by the second) we can offer users a summary and sentiment on the any ticker or topic by minute, hour, day, week or year.

Our users will have ‘Stocktwits idea agents’ spitting ideas based on risk profile by people they follow, by timeframes and screens without all the clutter and buttons and complexity.

Before AI there was mostly one way to use and consume Stocktwits. The massive expense of data scientists and machine learning engineers was an overwhelming cost. With AI Stocktwits can be for everyone at a fraction of the cost.

Have a great evening…

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