In today’s issue:

  • Elon’s spending big
  • AI’s perfectly fine use
  • Silence of the Yams

Editor’s note: Today, we bring you a guest piece by Sam Volkering from his publication AI Collision which was first published on Tuesday 23 July.

You can hear from Sam more often at AI Collision and learn more about the latest developments in AI by simply clicking here to sign up for free on Substack.

Plus, if you’re looking for a way to get in on the AI boom, James Altucher over at Altucher’s Investment Network UK is sharing his three AI wealth-building strategies for regular investors. You can find out more right here.

Welcome to AI Collision 💥,

The “average” Nvidia H100 GPU is going to set you back about $30,000 (give or take $5,000 – $10,000).

For that kind of money, you also choose from…

  • 19,333 Greggs sausage rolls
  • A brand-new Vauxhall Corsa
  • 7,200 Bridgestone Tour B RX golf balls
  • 7½ Zone 1 – 6 Transport for London annual railcards

Or of course just one H100 GPU.

But what if you needed more? What if you, say, needed 100,000 H11 GPUs?

Well of course that would mean you’d need to cough up around $3 billion.

In case you were wondering…

  • 93 billion Greggs sausage rolls
  • 100,000 brand new Vauxhall Corsas
  • 720 million Bridgestone Tour B RX golf balls
  • 750,000 Zone 1 – 6 Transport for London annual railcards

Or… enough grunt power to train the “most powerful AI training cluster in the world!”


Source: Elon Musk via X.com

That’s what Elon posted on Monday.

“RDMA” means remote direct memory access. Which is a technology term for a fast and efficient network of memory where data transfer is done directly without another machine’s CPU or operating system.

In short, it’s a highly powerful system of GPUs that are all made by Nvidia. So, when I see a stock like Nvidia go from a high of around $135 to about $115 in the space of a few trading days I ask myself…

Why? Is the market thinking this is the kind of stock that’s overvalued? And then I look at something like Elon’s post and think to myself…

Why is the world’s most illustrious tech billionaire spending billions on Nvidia hardware for his AI project? And why is he buying the gear all from just one company, Nvidia?

Makes sense to me that if Elon is still aiming hard at Nvidia, then its future revenues still aren’t properly priced in to the stock.

And while it’s tempting to think it can’t go up forever, I ask myself a question that maybe you should too…

Why not?

And while we may not have 1.93 billion Greggs sausage rolls’ worth of dosh hanging around, there is a way regular investors can get in on AI.

AI gone wild 🤪

FINALLY!

We have a decent use for AI…

I must say, Putin in a Louis Vuitton gown probably made my day… until it got to Bill Clinton in a blue dress 😂 😂 😂

Anyway, best see for yourself below:


Source: Elon Musk via X.com

This wasn’t Elon’s doing I might add, but he did share it around which is how it ended up on most people’s X.com feed.

Now I must say, the idea of an AI fashion show like this is very funny, but I think it tells a deeper story about the direction of the fashion industry.

That we’ll begin to see the integration of AI technology into everything from design and display through to the consumer experience at the retail point of sale.

We’ve seen how online shopping and fast fashion has evolved over the years. And also seen how companies that look like deeply entrenched stalwarts of the industry can crash and burn – ASOS and Burberry being two examples of that.

I think those that can embrace AI to enhance the experience for the shopper and consumer, will be those that rise hardest and fastest, and fend off the challenges from fast moving (and questionable practicing) companies like Temu.

Fashion + AI… maybe that’s one of the big areas of opportunity in the market that no one’s quite looking at hard enough…

And it’s always worth looking for the opportunities outside of the mainstream.

Boomers & Busters 💰

AI and AI-related stocks moving and shaking up the markets this week. (All performance data below over the rolling week.) [Figures correct at time of writing.]

Boom 📈

  • Zeta Global Holdings (NYSE:ZETA) up 16%
  • iRobot Corp (NASDAQ:IRBT) up 9%
  • Cyngn (NASDAQ:CYN) up 8%

Bust 📉

  • AMD (NASDAQ:AMD) down 14%
  • Taiwan Semiconductor (NYSE:TSM) down 10%
  • ai (NYSE:BBAI) down 9%

From the hive mind 🧠

Artificial Polltelligence 🗳️ The Results

The opening of Parliament last week was signified by The King’s Speech. A speech read by the King but written by the government.

A fascinating look at the Monarchy in full flight, it was full of all the pomp and ceremony as you’d expect from Great Britain.

The speech itself was a bit dull. But that doesn’t mean the event itself wasn’t full of grandeur.

Still, it’s a strange situation when all the royal “stuff” is on display. And as a non-British native, I always wonder what the people of Great Britain think of the Monarchy from time to time, especially when the extravagance is on full display.

Hence our poll from last week… and here are the results:

So, it seems like (at least our readers) think that it’s best to keep the King and his family cohort in place (for now).

Weirdest AI image of the day

Ruin a movie title and make a movie poster about it – r/Weirddallee

ChatGPT’s random quote of the day

“Software is a gas; it expands to fill its container.” – Nathan Myhrvold

Thanks for reading, see you next time!

Sam Volkering
Editor-in-Chief, AI Collision

PS If you enjoyed this article, remember that you can sign up for free to AI Collision and you’ll receive a double dose each week on Tuesdays and Thursdays straight to your inbox. Just click here to sign up for free on Substack.

And don’t forget to check out what James Altucher is announcing over here. He’s discovered a brief “wealth window” for AI investors and you don’t want to miss what he has to say.