Musk vs. Altman: who wins in AI, crypto, money, energy, robotics?

Welcome to AI Collision 💥,

In today’s collision between AI and our world:

Scam Altman
Altman one-ups Elon’s XMoney
The spat that keeps on giving

If that’s enough to get the billionaires duking it out, read on…

AI Collision 💥

Since the existence of AI Collision we’ve written to you at some length about the moves both Elon Musk and Sam Altman have been making.

Altman has his hand in everything from the development of AI through OpenAI, to energy with Oklo and Helion Energy, and even cryptocurrency with his Worldcoin project (now known simply as World).

Meanwhile, Musk has been deeply involved in everything from the development of AI through xAI, to energy with Tesla (and robotics and EVs), space with SpaceX (and Starlink), and even, weirdly, an involvement in crypto through his love for Dogecoin and everything DOGE related. In short, their paths cross all the time. They have a chequered history together from OpenAI. In fact, it’s so chequered that Musk routinely posts “Scam Altman” on his X.com feed.

But in the last few days, the beef and competition between them seems to have ramped up. It now looks like Altman wants to encroach even further into Musk’s territory.

It’s widely accepted that Elon Musk has a grand vision to turn X.com into the “everything app” so that it includes everything from social media to banking and finance, AI and likely global telecommunications.

This “everything app” idea has been supported by X.com CEO Linda Yaccarino. Notably at the end of January, she posted a big update on that progress when she announced Visa as a partner for the X Money account debuting later this year.

We know, for a fact, that X Money is coming. We know that X.com is rolling out more advanced Grok AI from xAI.

Now we know that Sam Altman has his own play at social connectivity, payments and probably AI too.

In short, while Elon creates his own “everything app”, so is Altman.

This week, Worldcoin – the crypto project that gives people free WLD crypto for scanning their eyeballs and biometric data into a silver “orb” – launched what it calls “World Chat”.

Worldcoin is Sam Altman’s crypto project which he founded in 2019 and launched in mid-2023.

It’s been controversial to say the least. That’s mainly because it’s been seen to having taken advantage of poorer nations by giving away crypto in reward for providing their biometric data.

How that data is, was, used? Well, no one really knows. But what we do know for sure is that World Chat is delivering a WhatsApp-style communications platform, integrated with the Worldcoin offering and which now enables payments between users. Of course, that will also lead to payments with Worldcoin.

I’m also expecting it to integrate ChatGPT in some form. That would edge the whole thing closer to one “Altman-made” ecosystem of communication, payments, crypto and ultimately AI.

The timing of it is not a coincidence, with X.com ramping up its efforts with Grok in X.com and the move to X Money’s launch.

It certainly feels like it’s Altman trying to one-up Musk (again). I would also expect in the not-too-distant future that more comes out regarding collaboration between Worldcoin, considering it’s still collecting data through the eyeball scanning orbs, and also OpenAI.

The convergence of communications, social media, money, payments, crypto and AI is happening fast. It’s Musk and Altman really pushing it forward faster than anyone else right now. It certainly makes for an interesting year ahead if this spat continues to play out.

Thinking About Buying “The Dip”?

If you have any money in the markets or you’re thinking about buying “the dip”…

Please pay close attention because a strange day is coming to Britain.

A time when the market could take years or even decades to recover.

Fortunately, there are a few key steps you can take to help to protect your wealth.

Details here…

Capital at risk. Forecasts are not a reliable indicator of future results.

Boomers & Busters 💰

AI and AI-related stocks moving and shaking up the markets this week. (All performance data below over the rolling week).

man in black suit jacket and black pants figurine

Boom 📈

Broadcom (NASDAQ:AVGO) up 2%
SK Hynix (HKG:A000660) up 1%
Amesite (NASDAQ:AMST) up 0%

Bust 📉

Teradyne (NASDAQ:TER) down 18%
BigBear.ai (NYSE:BBAI) down 32%
Tesla (NASDAQ:TSLA) down 15%

From the hive mind 🧠

I can’t tell if this is propaganda, Amazon trying to make itself look good or just a really good AI story. You decide.
I’ve added links to a lot of articles recently about AI companies getting millions of dollars in funding. It’s all adding up to billions directed to AI, trillions when you add Big Tech. Well here’s another $2.9 billion to add to the list as another AI company gets bought and integrated into a bigger tech company.
Do you get the feeling Microsoft is getting sick of Sam Altman and OpenAI? I do. But if you don’t, this might be a strong indicator they’ve had enough.
It may have been challenging for AI stocks recently, but this could present an opportunity. My colleague James Altucher believes there’s an AI “Wealth Window” open right now – but it slams shut on 17 March. Find out what he means and how you could get in on the AI Boom he sees coming before it’s too late.

Artificial Polltelligence 🗳️

Weirdest AI image of the day

Literal fast food chain names

ChatGPT’s random quote of the day

“Software is like entropy: It is difficult to grasp, weighs nothing, and obeys the Second Law of Thermodynamics; i.e., it always increases.”
— Norman Augustine

Thanks for reading, and don’t forget to leave comments and questions below,