The CEO of an AI-powered market analytics company shares how to invest in the craze sparked by ChatGPT.

Good Saturday, readers. I’m senior reporter Phil Rosen.

As a journalist, I always enjoy interesting conversations, especially when I have the opportunity to share them in this newsletter.

Any suggestion who I should talk to next? tweet me @filrosenn or email me at [email protected] and let me know.

Today I want to share my conversation with the CEO of a market analysis platform that harnesses the power of artificial intelligence.

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Jan Silaji is the CEO and co-founder of Toggle AI. Switch AI

Jan Silaji is the CEO and co-founder of Toggle AI. This conversation has been lightly edited for length and clarity.

Phil Rosen: Tell me, with all the hype around artificial intelligence this year, how are you?

Jan Silaji: We are seeing significant business growth and a huge spike in requests for Toggle AI. I would say that we are seeing a dramatic increase of three to four times.

What do you think of the recent boom in investor interest in AI? A handful of obscure companies have achieved triple-figure profits in 2023.

JS: It is highly unlikely that we have even fully tested the technology or that people have been able to extrapolate anything, because there is too little reason to rely on them.

I do think a lot is going to happen, but right now you are seeing how people are basically buying into this sector in general without understanding the full implications and that not all AI is created equal.

Ultimately, I don’t think AI will become a fad. I think it will become something that will become a bet at the table.

How would you recommend investing in the AI ​​trend?

JS: I think we haven’t yet seen any meaningful implementation of this latest technology in applications that people could use. The only ones currently seeing the benefits of this technology are infrastructure owners like Microsoft.

If you want to invest in AI, the best potential is in infrastructure companies – Microsoft, Google, Amazon.

If you think there will be increased use of the many tools and versions of ChatGPT, then these are the companies that will see the biggest spikes, at least in the public markets.

Read the full story here.

What do you think of Silage’s ideas on AI and investment? tweet me @filrosennor write to me [email protected].

And here are the main news from the markets this week:

Gazprom CEO Alexei Miller at a press conference after the company’s AGM in Moscow, June 27, 2014. Sergei Karpukhin/Reuters

1. According to Goldman Sachs, there are 18 stocks to buy right now. The firm said the choice of specific names is critical this year as the major indexes remain unchanged and these companies are poised to stand out. In addition, the strategists named seven stocks for sale with the maximum upside potential for the market.

2. The Mormon Church has a $100 billion investment arm. And according to the latest 13F report, that includes a $44 billion equity portfolio. These are the top 10 church properties.

3. No one seems to care that the key recession indicator is louder than it has been in decades. Investors are still pouring into the market and ignoring the New York Fed’s recession probability model, writes DataTrek co-founder Nicholas Colas. The model shows a 57% chance of a recession in the next 12 months, and it has an excellent track record whenever that number goes over the 50% mark.

4. Big short investor Michael Berry has invested new stakes in Alibaba and JD.com in the last quarter. It traded all but two of its stakes in its U.S. equity portfolio, according to an SEC filing on Tuesday. His firm Scion Asset Management also purchased 100,000 shares of MGM.

5. A former Gazprom spokesman said the Russian gas giant’s decades of operation have been “flushed down the toilet.” The export of natural gas from the warring country is hindered by the war in Ukraine and sanctions. Moscow’s export earnings are expected to halve this year.

6. US house prices continue to fall this year. A board member of the Mortgage Bankers Association told Insider that mortgage rates will come down over the course of the year: “I expect nationally we will likely see 4-6% price cuts this year.

7. Warren Buffett’s Berkshire Hathaway took the unusual step of divesting itself of most of its stake in TSMC shortly after its acquisition. Shares in the Taiwanese chipmaker tumbled after reports that Buffett’s conglomerate sold roughly 86% of its investments last quarter. Berkshire Hathaway first disclosed its $4.1 billion position in November, meaning it has abandoned its usual habit of holding onto investments for years.

8. Drake made $512,000 in Bitcoin profits by betting on the Super Bowl. The star rapper wagered a total of $965,000 in bitcoin through a partnership with Stake, losing six of his seven bets. His most profitable move was a $700,000 bet on the Kansas City Chiefs to win the game.

9. This 35-year-old real estate investor bought 58 single and multi-family homes. during peak interest rates in 2022. Get his four top tips on how to lock in the lowest bets and beat the pot.

10. Here’s where to put your cash ahead of the explosive rally in small caps. BMO Capital Markets has shared its 15 favorite stocks to buy as larger companies have fallen behind. See full list.

Curated by Phil Rosen in New York. Feedback or advice? tweet @filrosenn or email [email protected]

Edited by Max Adams (@maxradams) in New York and Nathan Rennolds in London (@ncrennolds)

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