✈️ Ryanair took off

Elon Musk unveiled his rival to ChatGPT | Ryanair's results were pure unadulterated luxury | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for November 7th in 3:14 minutes.   🔉 The Modern Investor Summit is the biggest event of its kind for retail investors, featuring a stellar lineup of Wall Street's finest. [Submit your question]( to make sure it's answered – you can even choose the legend you want to hear from. [Ask your question here]( Today's big stories - Elon Musk’s xAI company unveiled Grok, a fresh AI entrant poised to compete with ChatGPT - Here’s a three-step guide to help you value any stock – [Read Now]( - Low-cost airline Ryanair reported impressive results, showing how its thrifty business model can throw riches onto investors Grok O’Clock [Grok O’Clock] What’s going on here? Elon Musk decided it was time to unveil his [challenger]( to ChatGPT. What does this mean? OpenAI’s ChatGPT may be the current go-to vacation organizer and work-shortcut creator, but it’s not the only bot out there. And Elon Musk’s Grok – modeled after "The Hitchhiker’s Guide To The Galaxy" – is finally ready to join them. Still an early beta version, the chatbot is currently in testing mode with a small group of US users. If that goes well, Grok will be introduced to all the premium users of X, formerly Twitter. That’s probably the most fitting place to start: Grok’s designed to answer even the tough questions with “a bit of wit” and a “rebellious streak”, according to Musk’s statement. X will play an even more important role in the future, too. While most AI chatbots can only pull from static datasets, Grok will feed off a continuous stream of live data from X, potentially fitting it with a more up-to-date understanding of global events. Why should I care? For markets: Rule the world – or at least, the phones. Elon Musk’s mission doesn’t end at Grok. Tesla’s head honcho has made no secret of his desire to make a universal app, encompassing messaging, payments, social media interactions, and everyday tasks. Tencent led the charge with China’s WeChat, but if Grok settles into X well, Musk could take the concept stateside. The bigger picture: The party doesn’t start til Grok walks in. Grok’s late to the party: chatbots ChatGPT, Google’s Bard, Claude, Bing, and Hugging Face have all been mingling in the open for months now. But Grok’s promise to stand out against current AI models – specifically when it comes to dialogue and user experience – could be well-founded. Despite only having two weeks of development and training, Musk claims that Grok is already outperforming ChatGPT 3.5 across a handful of benchmarks. You might also like: [How to invest in AI](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Grok O’Clock&utm_campaign=daily-global-07-11-2023&utm_source=email) Analyst Take This Valuation Expert Swears By These Three Simple Rules [This Valuation Expert Swears By These Three Simple Rules]( [Photo of Reda Farran, CFA] Reda Farran, CFA, Analyst Professor and author Aswath Damodaran is one of the world’s [leading experts in valuation](. He’s spent a career diving deep into the intricacies of determining the [current worth]( of a company or asset. But he swears by just [three simple rules]( for anyone wanting to do their own valuation research. That’s today’s Insight: [a quick guide to help you value any company or stock](. [Read or listen to the Insight here]( SPONSORED BY IG The winners and losers of the AI frenzy You’d have to be living under a rock to not have heard of ChatGPT. Since the chatbot came out in late 2022, AI’s been dominating conversations the world over. And given the enormous range of applications the technology could have, you’d be wise to start thinking about how AI could impact your investments. [IG’s latest report]( can help you with that. In it, you’ll find a [foundation of everything AI](: from which firms have benefited so far (we’re looking at you, Nvidia) to which might be penalized going forward, and [how you can get invested](. See, in every technological revolution, there are winners and there are losers. So [do your research]( and pick your horses wisely: [get IG’s report today](. Disclaimer Your capital is at risk. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. New Heights [New Heights] What’s going on here? Low-cost airline Ryanair unveiled plush results on [Monday](, demonstrating that strong books beat free pretzels every time. What does this mean? Ryanair has been coasting in style for the last few years, despite being distinctively frill-free. The budget airline made nearly $2.5 billion in profit in the first half of the year, 60% more than the same time last year. That’s partly because the airline carried roughly 11% more passengers, presumably won over by non-existent window seats and the thrill of bank-busting fees for hand luggage that doesn’t quite fit in the metal measuring box. And now that planes are full, Ryanair’s been able to pull up prices by about 15% this quarter, comfortable with the risk of scaring off a couple of customers. Layer on the announcement of a €430 million dividend payout for shareholders, and you can see why the airline’s stock is up around 7% this year in Europe. Why should I care? The bigger picture: No free lunches. Ryanair’s outspoken CEO is known for being something of a maverick, famously snapping up planes on the cheap when economic downturns have drained other airlines, and turning what would be free perks elsewhere into paid-for extras. That’s not only brought plenty of publicity, but has also created a balance sheet that could be mistaken for a US consumer staples firm’s, making it the envy of the industry. For markets: Confidence talks. Ryanair’s first-class business model and books would lead you to believe that buying the stock would bleed you dry. But to match the brand’s discount-heavy image, shares actually trade relatively cheaply, at least according to the firm’s price-to-earnings ratio. But this dividend payout might get investors more excited: the airline’s promise to dole out regular payments to shareholders is a sure sign of confidence about the company’s future. And while Ryanair’s not the first airline to pay dividends, it may be the first to stay committed during both rough and smooth skies. You might also like: [Defense stocks rise as tensions escalate in the Middle East](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=New Heights&utm_campaign=daily-global-07-11-2023&utm_source=email) Engagement is more important than ever Your business spends a lot of money to win over customers. Thing is, that's just a waste if they don't make use of your products and services. You need [engagement](: customers use, love, and tell others about what you do. The right content can get you exactly that – and luckily enough, we can help you make [the right content](. 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