Finimize - 🤝 Amazon doubled down on AI

China's green energy goodies are too cheap for the US | Amazon doubled down on Anthropic |
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Hi Reader, here's what you need to know for March 29th in 3:12 minutes.

🌞 As much as we love spending our days crunching numbers and looking up synonyms, we're being forced to take a few days off to eat chocolate eggs and paint real ones. We'll be back on Wednesday, after replacing our daily espressos for some sustained sugar highs.

Today's big stories

  1. The US Treasury Secretary called China’s ultra-cheap clean energy products out for distorting the global market
  2. To make sure you’re ready for retirement when it comes, ask yourself three questions – Read Now
  3. Amazon just made its biggest-ever private investment, heating up the AI race

Not-So-Long Green

Not-So-Long Green

What’s going on here?

The US Treasury Secretary warned China against flooding the market with impossibly cheap clean energy products, nervous that a faster-than-expected green transition could leave stateside companies behind.

What does this mean?

China has been one of the biggest early investors in green energy technology. But now that high prices and interest rates have put folk and businesses off spending money, the country is left with more electric cars, lithium-ion batteries, and solar power systems that it knows what to do with. So instead of leaving them to collect dust, China’s been selling its electric goodies abroad for cheap, often for less than it cost to make them – a process called “dumping”. That gives shoppers some more wallet-friendly options, sure, but it also makes it impossible for the other global manufacturers to match those prices without losing money. The result: China pushes other countries out of major markets, distorting the going rate for a bunch of goods around the globe.

Why should I care?

Zooming out: Never mind the greater good.

The US government is throwing tax incentives and financial sweeteners at the stateside clean-tech industry, determined to cut the cord on Chinese supplies. Problem is, even Uncle Sam’s wallet can’t help US companies rival those chopped-down prices from China. So if the government’s slap on the wrist doesn’t stop the country’s dump-a-thon, the US might need to add tariffs to those imports, sacrificing the speed of the green transition to save face for American companies.

The bigger picture: An eye for an eye puts the whole world in a bind.

Any tariffs would be a lose-lose, really. In China’s case, fatter price tags would weigh on international sales, exactly the opposite of what the already struggling economy needs. And while tariffs could level the playing field for some US sectors, the move would risk putting shoppers off completely, supply chain slowdowns, and potential payback from China.

You might also like: A $3 trillion boom is coming.

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Analyst Take

Three Questions To Put You On The Path Toward A Retirement Bliss

Three Questions To Put You On The Path Toward A Retirement Bliss

By Theodora Lee Joseph, CFA, Analyst

The best time to start planning for your retirement is, well, yesterday. But the second best time is right now.

And if the thought of planning for your post-work life has you scratching your head or wringing your hands in nervousness, do this: take a breath, and then grab a pencil and some paper.

I’ve got three questions to get you started, and we can take them one by one.

That’s today’s Insight: your retirement reality check, in three questions.

Read or listen to the Insight here

SPONSORED BY GRAYSCALE

Welcome to crypto’s new era

Bitcoin’s probably more accessible than you expect.

After all, most new technologies tend to get a tricky rep early on. Boiling-water taps, video doorbells, the first smartphone to come with a tiny pen.

Investors use cryptocurrencies to diversify their portfolios and invest in emerging technologies. And now, you could do the same from your brokerage account, where your stocks and bonds sit.

That’s all thanks to bitcoin spot ETFs. And if you’re interested in exploring crypto in a familiar way, you’ll want to check out GBTC: the world’s biggest* bitcoin ETFs.

It’s got the reputation to back it up: GBTC is sponsored by the world’s biggest* crypto asset manager, Grayscale.

Find Out More

Important Disclosures
*Based on AUM as of 1.31.24. Grayscale Bitcoin Trust (BTC) (the “Trust”) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Trust has filed with the SEC for more complete information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any authorized participant will arrange to send you the prospectus (when available) if you request it by calling (833) 903 - 2211 or by contacting Foreside Fund Services, LLC, Three Canal Plaza, Suite 100, Portland, Maine 04101. Foreside Fund Services, LLC is the Marketing Agent for the Trust.
An investment in the Trust involves a high degree of risk, including partial or total loss of invested funds. The Trust holds Bitcoins; however, an investment in the Trust is not a direct investment in Bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Extreme volatility, regulatory changes, and exposure to digital asset exchanges may impact the value of Bitcoin, and consequently the value of the Trust. Digital assets are not suitable for an investor that cannot afford loss of the entire investment. There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of the Trust. The value of the Trust relates directly to the value of the underlying digital asset, the value of which may be highly volatile and subject to fluctuations due to a number of factors.
We use the generic term “ETF” to refer to exchange-traded investment vehicles, including those that are required to register under the Investment Company Act of 1940, as amended (the “40 Act”), as well as other exchange-traded products which are not subject to the registration of the ‘40 Act. The Fund is not registered under the 1940 Act and is not subject to regulation under the 1940 Act, unlike most exchange traded products or ETFs.

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Collect Four

Collect Four

What’s going on here?

Amazon said it’ll top up its investment in AI startup Anthropic by $2.75 billion to make a total of $4 billion – the tech giant’s biggest private investment ever.

What does this mean?

Amazon wants to make Amazon Web Services (AWS) – the computing services division – the one-stop shop for developers and businesses. That’s why it plans to combine AWS’s data storage and processing services with tools like Anthropic’s Claude chatbot. It’s a bonus, of course, that the tech could tidy up Amazon’s own supply chain and robotics work. The deal’s sweet from Anthropic’s side, as well. The startup gets access to AWS’s cloud technology and AI chips, essentially everything it needs to build smarter models faster, along with major clout. The best bit: unlike Microsoft’s deal with OpenAI, Amazon and Anthropic’s partnership isn’t exclusive, so the startup can chat up suitors like Google Cloud, which is reportedly planning to invest $2 billion itself.

Why should I care?

For markets: The tortoise beats the hare in the 21st century, too.

Microsoft, Amazon, Facebook, Apple, and Google have made over 50 acquisitions and 124 investments in AI startups altogether. The industry is moving faster than ever, though, with regulatory risks rising, the costs of developments falling fast, and technology evolving at an unprecedented pace. So the challenge isn’t simply finding investments first, but sustaining that innovation and integrating AI effectively across an entire empire.

The bigger picture: The rich are getting richer.

Just remember, it wasn’t the biggest names in the early days of the internet – think Netscape and AOL – that became the richest. Instead, companies like Google and Amazon made their billions by creating new markets and business models from the developing technology. So if history repeats, as it tends to, some of the future’s household names will still be under the radar today, potentially tinkering away in fields like healthcare or biology.

You might also like: How to invest in AI.

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💬 Quote of the day

"The idea that the future is unpredictable is undermined every day by the ease with which the past is explained."

– Daniel Kahneman (a Nobel Prize-winning psychologist, who died on Wednesday)
Tweet this

Thump-thump... thump-thump... thump-thump... That's the sound of our latest Modern Investor Pulse. (Just let us have it.)

We asked our million-strong global community how they feel about investing this year. Turns out, they're more optimistic than a lot of the doomsayers on the news.

  • 74% of retail investors think global stock markets will be higher in 12 months.
  • 85% prefer a long-term approach rather than adjusting their investments daily or weekly.
  • 65% are more interested in getting financial advice and information than ever before

Find out where they're investing and why: get the rest of the scoop here.

Check The Pulse

🎯 On Our Radar

1. First Sam Altman broke barriers in AI. Now, he’s locked into nuclear power.

2. Climate change could slow us down. The world may literally lose out on seconds.

3. Forget about the labeled glass jars. Your groceries were fine as they were.

SPONSORED BY HEALTHWORDS.AI

HEALTHWORDS.AI

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