Hey AI Watchers!

Gen Z is leading the charge in AI for finance, while China’s robotaxis and delivery bots are slashing costs to unheard-of levels. AI is revolutionizing how we manage money, travel, and logistics—get ready for the ride.

-Mark

Top News Ahead

• 55% of Gen Z Uses AI for Finance—More Than Any Other Generation

• Chinese Robotaxis Offer 6-mile Rides For Only 50 Cents

• AI-Powered Delivery Robots Slash Costs Fast

55% of Gen Z Uses AI for Finance—More Than Any Other Generation

Overview: AI is shaking up the way people handle their money. A third of Canadians are using AI tools to manage their finances, and Gen Z is all in.

The Details

• AI is becoming a staple for many Canadians. It’s helping them dive into personal finance topics, revamp budgets, discover fresh investment ideas, and grow savings.

• But Gen Z is the real star. Over half of them (55%) are using AI to tackle financial milestones, driven by major life changes like starting college or buying a car. They’re using AI to ask questions, draft content, and plan everything from travel to meals.

• Despite this tech boost, 91% of Gen Z are still stressed over finances, grappling with fears about their financial future and unexpected costs.

So What: AI is a game-changer for managing money, especially for Gen Z. While it’s making financial planning more accessible, it’s clear that even the smartest tech can’t fully tackle financial stress on its own.

Read more

Chinese Robotaxis Offer 6-mile Rides For Only 50 Cents

Overview: In Wuhan, China, you can now ride in a driverless taxi for just 50 cents. Baidu’s Apollo Go is making self-driving cars affordable and aiming to transform Wuhan into a hub for autonomous travel.

The Details

• Apollo Go operates a fleet of 500 robotaxis that charge only 55 cents per ride—much cheaper than regular taxis. Launched in 2022, the service is expanding quickly and plans to add 500 more cars by 2024.

• But this low pricing is causing concern among taxi drivers and gig workers who worry about job losses. Residents also complain about traffic problems, including a recent accident with a robotaxi.

• While companies like Waymo and Cruise in the US face their own safety challenges, China is forging ahead. The autonomous vehicle market in China could hit $400 billion by 2035.

So What: Wuhan’s robotaxis offers a glimpse into the future but also highlights key issues like job displacement and safety. How China and other countries address these issues will shape the global rollout of autonomous vehicles.

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AI-Powered Delivery Robots Slash Costs Fast

Overview: Vayu Robotics just unveiled a game-changing delivery robot that could make getting your online orders faster and cheaper, shaking up the whole eCommerce delivery game.

The Details

• “The One,” Vayu’s innovative delivery robot, is set to disrupt the market. Unlike its competitors, this robot ditches the expensive lidar tech for a mix of smart AI and cost-effective sensors, allowing it to navigate sidewalks and streets seamlessly.

• At 3 feet tall and 6 feet long, it can carry up to 100 pounds and cruise at 20 mph. With a range of 60 to 70 miles per charge, it’s built for efficiency. The robot’s unique robotic arm can pick up and drop off packages effortlessly.

• Vayu has already secured a major contract to deploy 2,500 units, reflecting strong industry interest. Plus, they’re aiming to expand into even more advanced robots soon.

So What: If Vayu’s robot takes off, it could revolutionize delivery services, making them more affordable and accessible for smaller businesses and transforming how we get our online purchases.

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Humans and AI

AI has entered Congress. 👀

Virginia Congresswoman Jennifer Wexton wowed the House by using an AI program to speak.

Struggling with progressive supranuclear palsy, which affects her ability to talk, Wexton used the technology to recreate her voice from old recordings. She’s made history as the first person to address Congress with an AI-generated voice.

AI is Making it's Way Into Politics

It's becoming impossible to distinguish real from fake.

During Kamala Harris's recent press conference, Joe Biden called in to endorse her.

But wait... Was it really him?

Watch here 👇

Emerging AI Stock to Buy Before It’s Too Late

Aeva (AEVA) makes advanced sensors for detecting objects and is seeing strong growth in the automotive industry. With $189 million in cash and a big potential upside, Aeva's innovative technology and recent successes suggest it could be a promising investment.

Stock price: 3.55 USD as of writing