Hey AI Watchers!

Zuckerberg’s AI is set to dominate, Taco Bell’s AI is transforming drive-thrus, and a new AI financial advisor just amassed $20 billion in assets. As AI rapidly reshapes our daily lives and industries, the future is unfolding right before our eyes.

-Mark

Top News Ahead

• AI Financial Advisor Hits $20 Billion in Assets

• Meta’s Quarterly Report Shocks the AI and Metaverse Worlds

• Taco Bell Rolls Out AI to Hundreds of Drive-Thrus

AI Financial Advisor Hits $20 Billion in Assets

Overview:  An innovative financial advisor powered by AI has rapidly amassed $20 billion in assets, hinting at a major shift in wealth management.

The Details

• PortfolioPilot, created by Alexander Harmsen and his team, blends AI from OpenAI, Anthropic, and Meta with traditional finance tools. This mix helps users assess their investments with a high level of personalization. Users can link their accounts to receive detailed portfolio evaluations and actionable advice.

• The service grades portfolios focus on risk tolerance, returns, and stability against market dips. For $29 a month, users get tailored investment tips and a personal AI assistant that can suggest specific actions like buying stocks or adjusting for inflation risks.

• Unlike traditional advisors, who might offer generic advice, PortfolioPilot aims to deliver more tailored insights and plans. Though it currently provides guidance without managing funds directly, future upgrades might enable it to handle trades and manage investments more autonomously.

So What: This could revolutionize wealth management by offering more personalized and precise financial advice, potentially disrupting traditional advisory roles.

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Meta’s Quarterly Report is HUGE

Overview: In a recent Facebook post, Mark Zuckerberg highlighted Meta's significant advancements in AI, projecting Meta AI to become the world's most used AI assistant by year-end. 

The Details

• Meta AI's release of their open-source AI model, Llama 3.1, marks a pivotal moment in the industry, offering new small and medium-sized models with better cost performance. This open-source approach, Zuckerberg argues, will foster innovation and shared prosperity, benefiting both developers and Meta.

• Meta AI is being integrated into various aspects of Meta's family of apps, improving recommendation quality and user engagement. The company is also revolutionizing advertising with AI, where AI generates and personalizes ads.

• AI Studio was also launched to enable users and businesses to create their own AIs. This tool is expected to be particularly valuable for creators and small businesses, allowing them to develop AI agents that interact with their communities and customers.

So What: These advancements position Meta to deliver innovative experiences and long-term growth, benefiting both the community and investors.

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There are so many huge takeaways from this earnings report.

Watch my exclusive breakdown here:

Taco Bell Rolls Out AI to Hundreds of Drive-Thrus

Overview: Taco Bell is expanding its use of Voice AI technology to automate drive-thru orders, aiming to enhance accuracy, speed, and profitability. 

The Details

• Yum Brands, Taco Bell’s parent company, has seen positive results from using Voice AI at over 100 Taco Bell locations across 13 states. The technology has led to better order accuracy, reduced wait times, and increased profits.

• According to Lawrence Kim, Yum Brands' chief innovation officer, this AI integration is part of a broader strategy to enhance digital and technological capabilities within the company. The deployment will allow human employees to concentrate on other tasks, like assisting in-store customers and preparing food.

• Additionally, Yum Brands is piloting similar AI technology at KFC locations in Australia. This move comes after McDonald’s ended a similar AI experiment with IBM, although it remains committed to exploring future AI solutions.

So What: Taco Bell’s initiative reflects a growing trend of leveraging AI to streamline fast-food operations and improve customer experiences, setting a benchmark in the industry.

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Humans and AI

Are you ready for an AI friend?

You might have heard concerns about Google and Facebook listening to our activities.

Now, there's a new gadget called the Friend—an AI-powered pendant that offers real-time support via text messages. It uses AI to gauge your mood and context, simulating a friendly chat. With a 15-hour battery life, it’s constantly available, but it also raises privacy and relationship questions.

The Ultimate Virtual Meeting Assistant

If you use Zoom, you’ve likely thought about getting an assistant.

You might forget who said what or what action steps are needed.

I made a video where I showed how Swell AI can fix that.

This tool can seriously boost how you handle your Zoom meetings.

Watch here 👇

Little-Known AI Stock That Could One Day Rival Nvidia

Parsons (NYSE) might not have the same name recognition as Palantir, but it's making strides in the AI field.

They’re active in missile development, nuclear site management, and infrastructure projects. Their AI-powered drones are now used for inspecting bridges, roads, and water facilities. As U.S. infrastructure faces more challenges, Parsons’ innovations are becoming increasingly important.

Stock price: 91.37 USD as of writing