Is Microsoft’s AI Magic Starting to Fade?

What we’ll cover today:

• 🤖 Is Microsoft’s AI magic starting to fade?

• 💸 AI and Bitcoin: Fast Track To Hyperbitcoinization!

• 🧠 AI Copilots Will Help Humans Excel.

• 🔗 The Event Roundup

Is Microsoft’s AI magic starting to fade?

Just last year, they were the stars of the AI show.

Their stock skyrocketed by 57%, thanks to tools like ChatGPT.

But now? Things have slowed down.

Here’s what’s happening:

• Microsoft’s stock is up less than 11% this year, trailing behind competitors.

• They’ve invested big in AI, spending $55.7 billion—nearly 23% of their revenue.

• Despite the huge outlay, rivals are catching up quickly.

• Microsoft’s financial reporting changes are making it harder to track AI performance.

• Their close partnership with OpenAI, which is now facing internal shake-ups, adds more uncertainty.

Microsoft’s once-dominant AI lead is slipping.

Here’s the whole article

1.  AI and Bitcoin: The Fast Track To Hyperbitcoinization!

Frank Corva's journey with Bitcoin reveals its potential as a financial inclusion tool, particularly in authoritarian regimes and inflationary economies.

He emphasizes the growing intersection of AI and Bitcoin, where AI can enhance Bitcoin's role in creating autonomous, censorship-resistant financial systems.

Corva also explores Bitcoin's evolving political landscape, highlighting how AI-driven circular economies could further decentralize global finance. He concludes by examining future scenarios where AI integrates Bitcoin for governance, privacy, and individual sovereignty.

Here’s The Podcast

2. AI Copilots Will Help Humans Excel.

This is a tweet from Micael Oliveira, Co-founder of Ample Market and Fermats Library.

In this tweet, he shares his thoughts on the podcast between @Tobi and @tylercowen.

“AI Copilots will help humans excel at jobs in which they already have a significant craft.”- He adds.

Here’s the Tweet

1. Apple's iOS 18.1 update will arrive on October 28 with AI-driven tools, Siri redesign and more.

Apple is anticipated to release the iOS 18.1 update on October 28. It will feature AI-driven enhancements in photography, writing, and browsing. Notable tools include object removal in Photos, automatic movie creation, and improved Safari capabilities, while some AI features may debut later.

2. China advocates using local AI chips over those from US powerhouse Nvidia.

According to two sources familiar with the matter, Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia as alternative suppliers on the mainland look to catch up with the US tech giant.

3. Google has started rolling out the Gemini AI-powered 'Ask Photos' feature in Photos.

The Ask Photos feature replaces the search option in the Google Photos app for Android and iOS. The rollout has commenced in the US as a server-side update but is unavailable for everyone.