Finimize - 🙊 Microsoft's smooth-talking ChatGPT

Microsoft mulled buying almost half of OpenAI | Goldman said Europe will dodge a recession |
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Today's big stories

  1. Microsoft weighed up a big investment in ChatGPT’s owner OpenAI
  2. The UK could be this year’s biggest surprise – Read Now
  3. Goldman Sachs predicted Europe will sidestep a recession

Getting Chatty

Getting Chatty

What’s Going On Here?

Microsoft is lining up a $10 billion investment in ChatGPT’s owner OpenAI, according to reports out on Tuesday.

What Does This Mean?

Microsoft’s been making eyes at ChatGPT for quite a while now, so it’s not exactly a jaw-dropper to hear that the tech giant’s broaching a more formal relationship with OpenAI: a 49% stake in the firm, to be precise. That move would give Microsoft access to some pretty nifty technology, but whether it’ll really let the company steal a march on its Big Tech rivals remains to be seen. What we do know is that AI’s emerging as a technology race to be won – and Microsoft’s set its sights on a place in the leading pack.

Why Should I Care?

The bigger picture: Wave after wave.
Every ten or 15 years, some shiny new technology gets investors feeling hot under the collar. That makes sense: a firm whose products or services truly change the world can reap untold riches for shareholders, and that’s what makes the industry so exciting. Problem is, it's hard to know who'll win the race. Plenty of hyped-up firms will miss the AI wave, while other underdogs will ride it all the way to success. As Apple's smartphone supremacy shows, the winning firm isn't always the first out the gate – but with a massive stack of cash behind it, Big Tech has as good a shot as any.

Zooming in: Search wars.
Artificial intellegence's probably going to influence our lives in all kinds of ways in the future, but right now it’s search industry’s territory that ChatGPT seems to be edging into. That’s not good for reigning champ, Google’s parent Alphabet. See, the tech colossus still relies on its mobile and desktop search engines to bring in the lion’s share of its revenue, but who knows – maybe one day “change default search engine” won’t be the only thing people search for on Microsoft’s Bing.

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Analyst Take

Morgan Stanley Says The UK Could Deliver A Huge Surprise In 2023

Morgan Stanley Says The UK Could Deliver A Huge Surprise In 2023

By Luke Suddards, Analyst

Every year, a few big surprises hit the markets and catch investors off guard. 

So Morgan Stanley’s done a little creative thinking, and envisioned ten possible surprises that could throw your assumptions into chaos in 2023. 

I’m intrigued by one of them in particular: the idea that the UK economy might pick itself up, dust itself off, and drive a rally in the British pound. 

So that’s today’s Insight: why the UK might surprise everyone this year.

Read or listen to the Insight here

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Against All Odds

Against All Odds

What’s Going On Here?

Economists at investment bank Goldman Sachs no longer see a recession hitting Europe, according to news out on Tuesday.

What Does This Mean?

Only a few months ago, gloomy economic fortune-tellers were predicting a long spell of penny-pinching pain for Europe. But good old Goldman’s gone and started 2023 with a sunny, contrarian take, saying that things mightn’t get so grim after all. The firm thinks the double blessing of falling gas prices (thanks, balmy January) and a reopened China will give Europe the leg-up it needs, helping the region dodge a recession and grow its economy by 0.6% this year. And while that will probably mean the European Central Bank’s rate-hiking antics continue for a while, at least the region's long list of negatives looks a whole lot shorter.

Why Should I Care?

For markets: Happily ever after.
If Goldman’s right, Europe could finish the year on a pretty strong footing. Picture this: it’s December 2023, inflation’s under control, and interest rates are sitting at a tolerable 3 to 4%. Now Europe’s shipping exports to China by the boatload again, and the bloc is managing to wean itself off Russian fossil fuels. Admittedly, this is a best-case scenario, but it's not inconceivable – so if Goldman’s right, European stocks could be a cheap and clever bet.

For you personally: One step ahead.
Of all 2022’s surprises, one in particular stands out: European gas prices ending the year lower than they were before war broke out. And if Europe does avoid a recession, that’ll be yet another turn up for the books. The point is this: going against the crowd won't always yield results, but surprises crop up more often than you think – and bearing that in mind can help keep your portfolio positioned for the future, not stuck in the past.

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💬 Quote of the day

“It is better to have a permanent income than to be fascinating.”

– Oscar Wilde (an Irish poet and playwright)
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🥳 Coming Up This Week…

All events in UK time.

🌪 Preparing Your Strategy For A Volatile 2023 And Beyond: 12pm, January 11th
🤑 Wealth Building Habits With Carl Richards And Helena Wardle: 5pm, January 11th
🙋‍♀️ Ladies Investing Club: 6.30pm, January 11th
🎙 Live Q&A With Finimize CEO Max Rofagha: 1pm, January 12th
👩‍💻 2023 Investing Opportunities For The Self-Employed: 10am, January 13th

👀 And After That…

🌍 Investing 101: Where To Invest In 2023: 1pm, January 16th
💥 How To Spot The Best Long-Term Investments: 1pm, January 17th
📈 How To Hedge Against Volatility With Crypto: 5pm, January 19th
📑 The Risks And Regulations When Investing In Crypto: 10am, January 27th

🎯 On Our Radar

  1. Stop, drop, and roll. Here’s what the life of a Hollywood stuntman looks like.
  2. “Cozzie livs”. Here’s what’s behind Brits’ bizarre abbreviations.
  3. No mo’ Noma. The world’s best restaurant is planning to shut its doors.
  4. A jolt of joe. This coffee-making method gives you the biggest buzz.
  5. Mexico city’s makeover. The city is changing its face to suit wealthy new “nomads”.
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