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RECAP: HOW TO PLAY AI
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RECAP: HOW TO PLAY AI

How to Play the AI Market: Best AI Stocks

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InvestAnswers
Dec 11, 2023
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NUGGETS OF ALPHA

  • Elon Musk’s X.ai has filed to raise $1B in fresh capital to scale Grok AI

  • Google DeepMind’s leader says that “Gemini” is a new breed of AI

  • Google’s Gemini Ultra smashes GPT-4 in model performance on various tests

  • BlackRock will launch its generative AI solution for Aladdin in January 2024

  • Amazon's AI image generator can now create an image of anything you want


AI is poised to be the most transformative development since the internet. Getting into AI early will be like getting into Bitcoin at $30. Get in early and get in hard in disruption - this has been my focus, what has made me who I am, and I am very grateful for it!

AI will be between $15-50T market by 2030. Everything is going to be touched by AI in some way or another as it already rivals human intelligence.


In 1950, Alan Turing published his famous paper, "Computing Machinery and Intelligence," in which he introduced the Turing Test, a way to measure the intelligence of a machine. Can they think?

Can they pass the Turing Test?


Elon Musk's artificial intelligence startup has filed with the SEC to raise up to $1 billion in an equity offering. According to the filing, the company has raised nearly $135 million from four investors, with the first sale occurring on Nov. 29. The AI startup, which Musk announced in July, seeks to "understand the true nature of the universe," according to its website.

Everyone in the IA community wants to buy some X.AI, but I don't know if Elon will make it available to retail or just accredited investors. Here is an AI update describing how I am playing it.


Some of the listed players, the funding, and the valuations in AI:

  • OpenAI is the company that was open source artificial intelligence, originally funded by Elon Musk, but now is part of Microsoft. So it is no longer OpenAI non-profit, but closed AI for profit.

  • Anthropic came to light recently because FTX invested a little in Anthropic, which has gone bonkers.

  • X.ai, we previously covered that is led by Elon Musk.

  • Now, there are many smaller names, and then you have the big, big machines such as Google and Meta.


This year, I sold 70% of my long-standing bag in Google to allocate to faster horses. The plan worked well. However, I have always felt that Google would

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