The AI Arms Race Is On: Meta, Microsoft, and the Billion-Dollar Battle

Happy Monday everyone! What would you do with all this money going towards Ai, well Meta just made a $29 billion move and it could change the future of Ai. More on this later in the Weekly Topic!

In other news, Sales fell at luxury brands LVMH, Prada, and Monclear. SoftBank places big bets on Ai. Aramco ramped up oil production but profit didn’t budge. The U.S. President signed an executive order to let 401(k) plans to invest in crypto, real estate, and private equity.

⤵️ In this week’s insight:

• Weekly Highlights 

  The Secrets of the Financial System | Richard Werner | TEDxAISB Youth

• Digital Tool of the Week 

  Attention Grabbing Transitional Hooks for Social Media

• Weekly Topic 

  The AI Arms Race Is On: Meta, Microsoft, and the Billion-Dollar Battle

🔎 Weekly Highlights
This week’s highlight is from Richard Werner

▼ Summary

• Banks significantly influence economic dynamics by creating money through lending, rather than merely acting as intermediaries, challenging traditional economic models that overlook their impact.

• A decentralized banking system promotes equitable credit distribution, fosters sustainable economic growth, and mitigates inflation, particularly benefiting local businesses and communities.

• Macroeconomics struggles to explain actual growth mechanisms, with recent policies like quantitative easing illustrating the complexities and often unintended consequences of financial interventions.

💸 Assets & Commodities

📬 Weekly Trivia

Q. What was Facebook’s original purpose when it first launched?

 🔗 Elevate Sphere
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