👀 Nvidia investing in Elon Musk?

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TOP STORY
👀 Nvidia investing in Elon Musk?

Can you blame him? Earlier this week, we learned that Nvidia is considering investing in xAI, Elon Musk’s AI company. 

xAI, best known for its witty chatbot Grok, has become somewhat of a dark horse in the AI arms race.  

Grok is available to all ~1.5 million premium X users and has many qualities that its competitors lack, like deep integration with X and real-time access to its vast amounts of, shall we say, unique data.

xAI has even become one of Musk’s favorite billion-dollar companies, which is really saying something, considering he has like 50 by now.

Just kidding, kind of.

But wait, this all sounds great and dandy for xAI, but what’s in it for Nvidia?

You’d think that the $3.5 trillion behemoth powering Grok wouldn’t need to work with a smaller player, but they’ve actually collaborated before.

Really? Yes, in fact, they even made history together.

Earlier this year, xAI built Colossus, a fitting name for the largest AI supercomputer ever created.

And, as you’d expect, Nvidia played a massive role, with Colossus utilizing 100,000 Nvidia Hopper GPUs in just six months. Damn, that’s a lot of “Hoppers.”

All I can think about is how awesome those meetings with Jensen and Elon must be.

Wow.

POLITICS
🇺🇸 $1B spent on political ads last week

Screw tech, the real money is in political advertising. 

As you may have heard, in the US, we have an election coming up in (oh shit) 1 day.  

While many of us fear and ponder where our dear country is going, the infamous candidates dawning on our ballots are spending away like Bubby on Black Friday.  

Last week, a whopping (nearly) $1 billion was spent on political ads. Yes, 1 billion freaking dollars in a single week.  

Here’s the spending breakdown:  

• Presidential - $272 million  

• Down ballot - $267 million  

• Senate - $227 million  

• House -  $208 million

Talk about a spending spree!

But now that we know these numbers, the next question is: Who spent more, Kamala or Trump?

Last week, from October 27 to November 2, former President Trump’s campaign spent $43.4 million, which was… slightly more than Vice President Kamala Harris's campaign, which spent $40.7 million.

But not so fast…

When we include spending by Democratic super PACs, the Democratic side narrowly outspent Republicans.

POLITICS
👓️ Disney announces new AI and Mixed Reality team

Avengers, assemble! Earlier this week, Disney announced that it was assembling a team dedicated solely to advancing AI and mixed reality in the company.

The Office of Technology Enablement (or OTE for short) is simply there to streamline Disney's adoption of new technologies across its divisions.

There are a few ways this could shake out, like AI-powered chatbots for Disney+ or AR-enhanced rides at Disneyland, but the most likely use cases are to save Disney’s butt from the legal ramifications of AI.

Generative AI has become public enemy number 1 for creative industries.

People don’t want to lose their jobs to a robot.

Hollywood, as we know, has already pushed back, with last year’s historic writers' and actors' strikes pushing for more protection against AI for writers, actors.

But as both parties know, this is just the beginning of the story, and Disney wants to be on the right side of history at least for now.

Disney’s making moves, AI moves.