GPT-4 vs X.AI: The Race of the New AI Giants

Uncovering Silicon Valley's True Agenda Behind the Future of Life Institute's AI Open Letter Dear Loyal Reader, Have you heard of the big brains at the Future of Life Institute? Well, they’re looking out for you. Its members include Elon Musk, Steve Wozniak, the co-founder of Skype, Jaan Tallinn, and professors from MIT, Harvard and UC Berkeley. As well as (for some unknown reason) actors Alan Alda from the hit 70’s show M*A*S*H and Morgan Freeman, listed as “Science Communicators.” Anyway, back in March, the non-profit institute released an open letter signed by 1,125 people that share a concern for the development of future AI systems. The letter had everyone in Silicon Valley talking. As it emphasized the need for a cautious approach to the development of powerful AI systems until "we are confident that their effects will be positive and their risks will be manageable." Here’s where their concern for you comes in. They see potential risks to humanity and society, including the spread of misinformation and a significant impact of job automation. But they have one specific AI program in their sights. As the subheading of the letter says, “We call on all AI labs to immediately pause for at least six months the training of AI systems more powerful than GPT-4.” As you may know, GPT-4 is the newest version of OpenAI’s ChatGPT, which is led by tech founder Sam Altman. And GPT-4 has garnered praise for its enhanced creativity and heightened intelligence. This became possible after Microsoft gave it a huge funding injection of $1 billion in 2019. But is it possible there is something else going on with this letter? Consider this… Elon Musk has launched his own AI program called X.AI. Notice that the Institute’s letter targets AI programs “more powerful than GPT-4.” Is this letter truly about keeping people safe? Or does Elon want some time to get X.AI to catch up to the power of GPT-4? And if so, how much time does he need? A couple years? 1 year? Or maybe … just 6 months? Remember, Elon was a co-founder of OpenAI in 2015 until he left with his billions of funding in 2018 over a “conflict of interest.” This allowed Microsoft to fill that funding gap a year later. Reportedly, Musk is “furious about ChatGPT’s success.” And has said in a CNBC interview last week, that Tesla will have its own sort of “ChatGPT moment.” Is it possible the letter from the Future of Life Institute is more about competition between Musk and Altman, and less about concern for you? Whatever the truth is, the smart money investors all know AI is the wave of the future and will mean huge profits for everyone involved. That’s why AI has been called the biggest new industry of the 21st century. Experts are projecting it will be worth a staggering $80 trillion over the next ten years. And right now, Chief Investment Strategist Adam O’Dell is revealing his favorite X.AI stock you should check out today. [Click here to see the full story now.]( [Click here if you are unable to see the image.]( Regards, Matthew Clark Chief Research Analyst, Stock Power Daily ---------------------------------------------------------------  Legal Notice: This work is based on what we've learned as financial journalists. It may contain errors and you should not base investment decisions solely on what you read here. It's your money and your responsibility. Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed to address your particular investment situation. Our track record is based on hypothetical results and may not reflect the same results as actual trades. Likewise, past performance is no guarantee of future returns. Certain investments carry large potential rewards but also large potential risk. Don't trade in these markets with money you can't afford to lose. Money & Markets permits editors of a publication to recommend a security to subscribers that they own themselves. However, in no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Any exit after a buy recommendation is made and prior to issuing a sell notification is forbidden. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. (c) 2023 Money & Markets, LLC. All Rights Reserved. Protected by copyright laws of the United States and treaties. This Newsletter may only be used pursuant to the subscription agreement. Any reproduction, copying, or redistribution, (electronic or otherwise) in whole or in part, is strictly prohibited without the express written permission of Money & Markets. P.O. Box 8378, Delray Beach, FL 33482. (TEL: 800-684-8471) Remove your email from this list: [Click here to Unsubscribe.](