Hey AI Watchers!

Wall Street doubts AI's money-making future as Intel slashes 15,000 jobs to focus on it, while AI makes headlines by preventing heart attacks. Is the AI revolution losing steam, or is this just the beginning?

-Mark

Top News Ahead

• AI Hype Over? Wall Street Doubts AI’s Money-Making Potential

• Intel Fires 15,000 Workers to Focus on AI

• AI Can Now Prevent Heart Attacks

AI Hype Over? Wall Street Doubts AI’s Money-Making Potential

Overview: Big tech firms are facing pressure as their huge investments in artificial intelligence (AI) have yet to generate substantial profits. 

The Details

• Tech giants have poured billions into AI. Yet, the AI tools they've rolled out—like chatbots and AI-driven search—haven’t shown a clear path to making money.

• Even with investor skepticism, companies like Google, Microsoft, and Meta are doubling down on AI spending. Meta, for instance, expects to spend up to $40 billion this year on AI.

• This long wait makes many investors uneasy. Some experts even question if AI will ever be profitable enough to justify these huge costs.

• Tech leaders insist that not investing enough in AI is a bigger risk than overinvesting. As Google’s Sundar Pichai and Meta’s Mark Zuckerberg both highlighted, missing out on the AI race could be disastrous. 

So What: With the investors growing impatient with the slow returns, the future will depend on whether these AI investments can start delivering profits before the financial strain becomes too much to bear.

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Intel Fires 15,000 Workers to Focus on AI

Overview: After a major profit plunge, Intel is cutting thousands of jobs and betting big on developing the next generation of AI technology.

The Details

• Intel’s recent quarter was tough, with profits dropping a staggering 85%. To tackle this, Intel is slashing over 15,000 jobs and refocusing its resources on AI.

• The company is ramping up efforts in AI to catch up with competitors like AMD and Nvidia. AMD has been thriving thanks to strong AI chip sales, but Intel is determined to rebound.

• Intel is rolling out new AI-focused products and plans to ship over 40 million AI PCs by the end of the year. They’re also working on advanced chips and upgrading their manufacturing capabilities.

• CEO Pat Gelsinger is confident that these AI investments will eventually pay off, despite the current financial strain.

So What: Intel’s push into AI is a high-stakes gamble aimed at regaining its edge and fixing its financial issues. If successful, these efforts could help Intel recover and lead in the AI era.

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AI Can Now Prevent Heart Attacks

Overview: A revolutionary AI tool is making waves by spotting hidden heart dangers that regular scans can’t. 

The Details

• Imagine having a high-tech assistant that can find the early warning signs of heart problems even when they’re not visible on regular scans. That’s exactly what Caristo Diagnostics’ new AI, CaRi-Heart, does.

• It’s currently being trialed in hospitals in Oxford, Milton Keynes, Leicester, Liverpool, and Wolverhampton. The AI scans CT images for signs of inflammation in the heart—something that could signal a future heart attack.

• This means doctors can now spot and address risks much earlier. For example, Ian Pickard, 58, from Barwell in Leicestershire, was referred for a CT scan in November 2023 and was having chest pain.

• He used this technology to discover he was at risk and is now making important lifestyle changes to protect his heart.

So What: This AI breakthrough could be a game changer in heart health, catching problems before they escalate. If it gets the green light from health authorities, it could save lives, prevent heart attacks, and cut down on healthcare costs.

Read more

Humans and AI

Scared of the dentist? Robots might take over soon. 🤖

Boston startup Perceptive has completed the first fully robotic dental procedure, using AI and robotic arms to enhance precision and speed.

Backed by $30 million from Y Combinator and Ed Zuckerberg, father of Meta CEO Mark Zuckerberg, the technology promises to cut crown replacement time from two hours to just 15 minutes.

FDA approval is still five years away, but the procedure has already been demonstrated in Barranquilla, Colombia.

Unlock ChatGPT's Power with Better Context

If you give Chat GPT AI better context, the results are shockingly accurate.

In my video below, I'll explain how using the "act as an expert" prompt can lead to dramatic results.

Whether you're leveling up your side hustle strategy, creating an investment strategy, or building a killer Facebook marketing plan, this simple trick will take your AI interactions to the next level.

Watch here 👇

Hidden Generative AI Stock Worthy of the Spotlight

Intuit (NASDAQ) is a standout in generative AI, thanks to its tax software that simplifies complex tax issues for freelancers and employees alike.

Despite recent tech sector downturns, Intuit’s stock rose 25% compared to the S&P 500’s 19%. Over the past year, it exceeded earnings expectations with $4.16 per share and is projected to see a 17% increase in earnings and a 12.6% rise in revenue by year-end.

Stock price: 602.97 USD as of writing