The Magnificent 7 go “full nuclear”
Welcome to AI Collision 💥,
In today’s collision between AI and our world:
- Meta and Zuck enter the nuclear chat
- Saxo gone wild
- 70s androids
If that’s enough to get Zuck turning into a Simpsons character, read on…
AI Collision 💥
Having just moved to Australia, one of the hot political topics here is nuclear energy.
For my entire life, Australia has shunned nuclear energy.
Much of that hesitation has been due to…
Erm…
Well…
Really bad energy policy to be honest. It’s also due to major social campaigns around stopping “nukes” which in fact was all about stopping nuclear weapons testing in Australia (which is fair I might add). However, that also knocked on to the idea that nuclear energy was akin to planting a nuclear bomb next door to your grandma.
Truth is, had Australia been progressive enough in the 90s, 00s and 10s, and even today, considering it’s the most uranium rich country on earth, we might have the cheapest energy in the world and be growing the economy at a speed the rest of the world couldn’t compete with.
But it didn’t. Even today, the incumbent Labor Party is very anti-nuclear. The opposition is far more open to it, because they might even be realists, but a pro-nuclear stance for the opposition seems to be working against them in the polls.
It stands to reason that the most influential people in the direction of the economy, right when the country has just seen its sharpest drop in living standards on record, still think, “Ugh, nuclear bad, bad nuclear blow up country.”
It’s clear that in a country like Australia, and even a country like the UK, you simply cannot rely on politicians to make the right decisions on what’s best for citizens and the country.
Thankfully that doesn’t mean that’s the end of the story when it comes to nuclear energy. Where public policy fails, the FAANGs have decided to step up to the plate.
As we’ve written here about on several occasions nuclear energy and our AI future go hand in hand. That’s because nuclear is the only answer for big tech to draw on an abundance of power to keep their data centres alive that’s reliable and consistent, and of course has zero emissions.
It will be a combination of tapping into existing nuclear infrastructure (as Amazon is doing) reopening nuclear facilites that once were dormant (as Microsoft is doing) and also pushing forward the development of small modular reactor (SMR) tech to co-locate at their data centres (which Google, and now Meta is doing).
Just this week, Meta released a request for proposals (RFP) which, as it explains is,
to identify nuclear energy developers to help us meet our AI innovation and sustainability objectives — targeting 1-4 gigawatts (GW) of new nuclear generation capacity in the U.S.
It continues to explain,
At Meta, we believe nuclear energy will play a pivotal role in the transition to a cleaner, more reliable, and diversified electric grid.
This collision of AI and nuclear energy is by far one of the most lucrative areas of investment in the market. It has been the story of 2024 so far, and may well continue to be the story of 2025 as more and more of these announcements and developments take shape.
Add to that, the potential of the elimination of “green tape” and “red tape” around the speed at which these nuclear innovations can get to market (with some help from Elon and Vivek’s D.O.G.E project) and 2025 might be the biggest, most profitable year for nuclear tech ever.
And if you’re looking to find a way to tap into that with your investments, then I have a suggestion over here.
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AI gone wild 🤪
Every year, Saxo Bank does a set of “wild” predictions. Things that are pretty outlandish, but also close enough to the line to maybe actually come true.
It’s a bit of fun, but can occasionally be a pretty good look at the future.
Saxo has got some record of its “wild” predictions coming true. I think at one point in its 2017 predictions (published in 2016) it said it was “wild” of an idea that bitcoin would go from $700 to $2,100 in 2017.
Bitcoin hit $20,000 that year.
There are some wild ones again this year. Of course, a couple are focused on AI – again, they may be wild… or may be pretty close to the pin.
Rather than list them all here, head to the Saxo site (where it’s in a much prettier format) and check them out for yourself (click the image below).
Boomers & Busters 💰
AI and AI-related stocks moving and shaking up the markets this week. (All performance data below over the rolling week).
Boom 📈
- Amesite (NASDAQ:AMST) up 39%
- BigBear.ai (NYSE:BBAI) up 21%
- iRobot (NASDAQ:IRBT) up 19%
Bust 📉
- Brainchip (ASAX:BRN) down 11%
- Samsung Electronics (KOR:A005930) down 5%
- Predictive Oncology (NASDAQ:POAI) down 4%
From the hive mind 🧠
- This appeals to me. With a seven-year-old dog, and a 12-year-old cat, I can tell you that pets, moving countries and vet care isn’t cheap. So if generative AI can come to the rescue (for me) to help keep costs of pet care down, while improving the care we give our pets, I’m all for it. And I reckon millions of other people would be too.
- Two years is a long time to achieve things – if I look back two years to where I was, I feel like I’ve done a lot. But in terms of my own impact on the world, well, that’s debatable. ChatGPT at two years old, however, there’s an argument to be made that it’s the most transformative tech we’ve ever seen in such a short space of time.
- Speaking of getting things done in a short space of time, Google is certainly a high achiever in that sense. Here’s a good summary of what it’s been up to this month.
Artificial Polltelligence 🗳️
It’s Friday so time for a new poll to get you through the weekend. This time isn’t not really AI related (sorry!). That’s only because as I was writing up today’s edition, bitcoin broke through $100,000 for the very first time.
Whoo!
So, here’s the question for the weekend…
Note: Also, I want to invite you want to have a stab at a very specific guess in the comments below. Whoever gets closest to bitcoin’s highest price in 2025, I’ll give you a free three-month subscription to my crypto investment service, Alpha Crypto (valued at around £350).
Just hit the button, leave your guess, and on 1 January 2026, I’ll check bitcoin’s highest price and see who got the closest (from the comments below) to win. You’ve got until 31 December 2024 to leave your guess.
Weirdest AI image of the day
1970s android building workshop – r/weirddalle
ChatGPT’s random quote of the day
Thanks for reading, and don’t forget to leave comments and questions below,
$154500.00
$285740.00
159,950
$122,897
$165,000
Around 170,000
$327,573
516,457
$178178
$151300.00
221666
249.970
$212,863
590,000.00 – Five hundred and Ninety thousand dollars.
$590,000.00 – Five hundred and ninety thousand dollars. Transitioning from gmail to new email to protonmail.com.
11499
I suspect that is a machine generated image of Elon Musk given that his left hand appears to consist of five fingers plus a thumb? Regards
Very good eagle eyes Steve!
Back to your roots eh Sam? I often wondered why you left such a great country; the 3 years I spent in Oz were the best times of my life. When you moved to Portugal I thought Ah yeah Sam’s a golfer that makes sense. I guess these days physical location is not a barrier to business but perhaps pleasure. Bonza beaut mate!
$278,000
$438,923.31
$255,430
$142,780
163125
$375000
$168,700
Bitcoin easily went on a tear to 100K when Trump won the election. Trump is pro-crypto and he’s even appointed a “crypto czar”. His aim is to somehow attempt, over time, to offset US debt with a gigantic reserve of Bitcoin. This can only result in another significant upward move during 2025.
$252,995.00
$333,333.33