Finimize - 🙊 Microsoft's smooth-talking ChatGPT

Hi Reader, here's what you need to know for January 11th in 3:06 minutes.

🏃 We’re all creatures of habit, from the high-flying go-getters to the sofa-loving lazybones – what matters is making that work in our favor. So join Carl Richards and Helena Wardle for Wealth Building Habits today, and find out how small steps can turn into outsize rewards. Get your free ticket here

Today's big stories

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

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.

You might also like: This AI tool might be able to help you beat the market.

Copy to share story: https://go.finimize.com/wp/news/getting-chatty/

🙋 Ask a question

Analyst Take

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

Finimize x Revolut

They say you can’t put a price on knowledge, so we didn’t.

Now you can get six free months of Finimize Premium, meaning you can sink your teeth into our expert analysts’ Insights without paying a penny.

And when you’re ready to put that knowledge to use, you can enjoy three months of free Revolut Premium too.

We’ll even send you £10 or equivalent as a thank you for reading this far.

Our community wants to know your name

Building a good brand is hard work.

So if you’re proud of the work you do, you best make sure everyone knows about it.

You could start by introducing yourself to our one-million-strong community: they’re a global bunch of switched-on, savvy retail investors who want to take their investing skills up a notch.

And if your tips, tools, or platform – plus whatever else you have up your sleeve – could help them do that, then this might be just the right spot for you to show off what you have to offer.

Make sure everyone knows your name: introduce yourself to over one million retail investors.

Get In Touch