Why Elon Musk’s next startup could 10X ChatGPT | Term Deposits

Today I’m handing the platform over to US technology entrepreneur James Altucher. He brings thrilling news from Memphis, Tennessee on the world’s next supercomputer…and the place it could take us.

Best needs,

Callum Newman,
Editor, Small-Cap Systems and Australian Small-Cap Investigator

*****

If you wish to get a sense of the velocity and energy of AI technology, there’s most likely no higher place to take action than a peek inside a big facility in Memphis, Tennessee…

Inside, Elon Musk and his new workforce at his startup, xAI, are engaged on a huge and secretive AI project referred to as Project Colossus.

In order to convey this project to fruition, they’ve already launched some 100,000 items of Nvidia’s most superior AI chip, the H100. This is essentially the most highly effective laptop chip ever made, at the very least for now.

These chips can carry out over 60 trillion calculations per second, they usually’re thought-about the holy grail of AI.

So whenever you mix 100,000 of them, that quantities to more collected computing firepower than Google, Microsoft, Meta, and even Nvidia.

That makes this facility essentially the most superior AI centre on the planet.

It’s already an spectacular feat till you contemplate it took solely three months to construct.

But what’s coming next could more than triple Project Colossus’s computing energy.

With 200,000 more items of Nvidia’s chips by the summer season of 2026 — together with a sizeable quantity of the next-generation Nvidia chip, referred to as Blackwell — the AI technology Musk and his colleagues are developing is poised to change into one of the best breakthroughs of fashionable instances.

The future improvements that could spring from this AI supercentre are mind-boggling and could help resolve some of humanity’s biggest issues.

It could result in totally autonomous driving, lengthen human lifespan, advance materials and organic sciences by many years, discover a remedy for most cancers, develop new vitality systems we’ve but to dream of…the sky’s the restrict!

And for buyers who spot the chance forward of the pack could be set to benefit.

By 2030, IDC, the International Data Corporation, believes AI will add a whopping $20 trillion to the worldwide economic system. That’s roughly 6.5 instances bigger than the market caps of Nvidia, Apple and Microsoft, mixed.

And it’s why the tech titans like Google, Microsoft and Amazon have pledged to invest monumental sums of money into AI within the years forward — to the tune of a whole bunch of billions of {dollars}…all of them wish to come out on prime of the race to construct next-level AI and reap the potential rewards.

Musk has predicted his AI supercomputer will ultimately help generate up to US$1 trillion yearly for xAI.

A determine like that may sound loopy, till you realise the AI we’re speaking about is principally 10 instances more succesful than ChatGPT — the fastest-growing shopper app of all time.

This is the AI second I’ve been ready for my complete profession. I’ve been working within the AI discipline for the higher half of the final 4 many years. I helped pioneer AI trading on Wall Street.

You can see why I’ve been watching the developments at xAI very rigorously, and issues are transferring fast…

Moving on the Speed of AI

As I discussed, Musk has mentioned he desires to triple Project Colossus’s computing capability, beginning as quickly as the tip of the 12 months. He additionally desires to buy 300,000 items of one other new Nvidia chip the company is releasing in 2025.

The further $6 billion xAI simply raised will definitely help with the acquisition.

That brings the whole raised for this personal startup to $12 billion.

And as Yahoo Finance reviews, xAI is already on the cusp of reaching a $75 billion valuation.

Because xAI was shaped within the Spring of 2023, that makes it one of the fastest-growing firms in historical past. I consider it has the potential to in the future surpass even Nvidia and each different AI company within the world.

Silicon Valley enterprise capital is throughout this play.

Sequoia Capital, Andreessen Horowitz and Qatar’s sovereign wealth fund are among the many massive gamers already diving in.

But right here’s the factor.

Unfortunately, until you’re an accredited personal investor with a deep Rolodex of insider contacts, or additionally occurred to have helped Musk personally finance his acquisition of Twitter, then you’ll be able to’t buy shares of xAI on the open market.

Because of that, the overwhelming majority of people have missed out completely on this growth up to now.

However, xAI is a clear instance of what I call AI 2.0. It’s the next wave of firms set to storm the worldwide markets.

Fortunately, there are lots of more in play than simply xAI — and these you’ll be able to buy on public markets.

More quickly…

Best,

James Altucher,
Editor, Investment Network Australia

*****

There are a number of methods to work out the place the shopping for and promoting stress needs to be in markets.

One of my favorite methods to work out the place the stress factors are is to have a look at main waves and hint out the buy and promote zones and the purpose of control, which is the midpoint of the wave or vary.

After a massive main wave advance has occurred, you’ll typically see time spent within the guts of the wave bouncing round between the buy and promote zone.

The level of control typically acts pretty much as good help initially. But if the purpose of control can’t maintain, costs will typically rotate fairly shortly down to the buy zone.

If the long-term uptrend stays intact, ready for a buy signal after a take a look at of the buy zone is commonly the best entry level for stable trades.

If we contemplate the above when trying on the S&P/ASX 200, you’ll be able to see that there was a main advance made out of October 2023 to February 2025.

The current correction noticed a retest of the purpose of control which has held for now.

If we see a rally from right here there needs to be loads of resistance across the promote zone between 8,150 to eight,380.

If one other leg down happens and the purpose of control doesn’t maintain a rotation to the buy zone between 7,000 to 7,200 could be anticipated.

I’ll begin getting excited searching for buy indicators down there.

Regards,

Murray Dawes,
Editor, Retirement Trader and Fat Tail Microcaps