Insider Finance - Business - ChatGPT is for suckers

Hello, Insiders! This week, I’m digging into artificial intelligence. So far, we’ve looked at its applications. Today, let’s consider who’s poised to make bank. The short answer: investors.

In the public markets, Microsoft’s rally on Bing’s revamp brought its market cap back above $2 trillion. BofA expects Alphabet’s stock will spike more than 20% as years of prior investment in AI pay off. Some stocks have even soared up to 300% in a meme-like frenzy.

In the private market, VCs are pouring into AI as fast as they can, and it’s driving startup valuations up. Last year, VC-deal activity in AI tech shot up to $118 billion, per PitchBook.

Of course, some companies flying high on AI will crash and burn, but my view is that — unlike crypto — there are tons of ways AI will boost our economy and create real value. What do you think? Let me know: insidertoday@insider.com.

— Nicholas Carlson

Tracy Anderson has spent 20 years building her fitness empire — and she's not afraid to defend it.

Anderson’s been touted as "Hollywood's secret weapon." She’s so beloved by Gwyneth Paltrow that the actor even invested in Anderson's business. Her empire caters to wealthy women and offers a dance-based workout in a room heated to 95 degrees with 75% humidity. One former TA trainer told Insider, “This is not just a gym; it's a status symbol.”

But despite the success, Anderson has existed in a state of paranoia for years — constantly fearful that her trainers would quit and steal her clients and her method, several people said. 

For many Los Angeles and New York trainers, receiving legal threats from Anderson has become a rite of passage, someone who worked on the business side of Anderson's company said. She added, "It's almost become like a punchline." (In a statement to Insider, a representative for Anderson called the claims "false.")

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