The $1 Billion AI Job

Alexander Boulden

Posted August 16, 2023

Well, it’s about damn time…

Have you heard the news?

Sam Bankman Chicken-Fried got thrown in the slammer.

That’s after the judge presiding over the case got fed up with SBF’s antics.

Sam allegedly had multiple parole violations while on house arrest at this parents’ multimillion-dollar mansion, including using a VPN to access the internet when he wasn’t supposed to, sending messages to a potential witness using the Signal app, and leaking documents to The New York Times.

According to The Wall Street Journal, he told the witness and former FTX lawyer, “I would really love to reconnect and see if there’s a way to have a constructive relationship, use each other as resources when possible or at least vet things with each other.”

It sounds like witness intimidation.

Needless to say, the judge didn't like that at all.

It’s crazy that for all the glitzy crypto double-speak and supposed technological know-how of these crypto fanboys, he still thought he was above the law.

As with most things in life, three strikes and you’re out.

Now he sits in jail awaiting trial.

But just to comprehend the caliber of person we’re talking about here, Sam’s parents posted his $250 million bond by taking equity out of their home.

So, yeah, they’re loaded and part of the uber-wealthy elite.

Let’s just hope he doesn’t get suicided in jail.

And just as SBF’s crypto empire comes crashing down, another much-lauded industry could do the same — artificial intelligence (AI).

We've written so much about it it's making my fingertips sore.

It reminds me of a theory purported by Burton Malkiel in A Random Walk Down Wall Street.

In it he talks about the "castle in the sky" theory, where many times companies trade based on psychological value, not intrinsic value.

Their value in the market isn’t about anything other than how others perceive it.

It explains why we’ve had so many periods of what Malkiel calls “irrational exuberance,” including the 1600s Dutch tulip mania, the 1929 stock market crash, the dot-com bubble, and the 2008 real estate crisis.

It can also explain the recent crypto craze and even the artificial intelligence bubble.

We know AI is a bubble from the ludicrous jobs cropping up around it.

According to The Wall Street Journal, companies are hiring AI “engineers” at an alarming clip, including a job worth nearly $1 billion. The Journal writes, “A product manager position for a machine-learning platform at Netflix lists a total compensation package of up to $900,000 annually.”

This won't end well…

If this doesn’t scream unsustainable, I don’t know what does.

For all the chartists or market timers out there, it might be hard to accept that history repeats itself even in the stock market.

And for everyone holding out on that golden AI stock that all the analysts say will 10x you’re money, just look back at history.

There will only be a handful of companies that come out on top of the AI race.

Here are the ones that could… (NYSE: AI)

You’ve probably heard a lot about in the market news for its ludicrous run-up this year. Year to date, it’s up nearly 200%… creates AI software and applications for various industries, including energy, manufacturing, health care, and financial services. It offers four products, but its most notable is the C3 AI Suite, which combines big data, AI, and cloud computing to help organizations analyze and derive insights from large volumes of data. Think oil and gas pipelines, complex financial accounts, healthcare charts, and government contracts.

By partnering with, companies can easily collect, store, process, and analyze data, and then leverage machine learning algorithms and predictive analytics to generate actionable insights, including predictive maintenance, inventory optimization, fraud detection, energy management, and customer engagement. These applications help businesses make data-driven decisions, optimize operations, improve efficiency, and enhance customer experiences.

This company touches nearly every industry, and what I like is that it helps organizations harness the power of AI and big data to solve complex business challenges. It has a rich customer base, including Shell, the U.S. Air Force, and Raytheon.

A company that sells a product or service to other large companies is going to be a winner for years to come.

Let’s move on to another leader in the AI race.


Nvidia Corporation is a multinational technology company that primarily focuses on designing and manufacturing graphics processing units (GPUs) for a variety of applications. Founded in 1993, Nvidia has become a leading player in the field of graphics and computational technology.

Its GPUs are used in basically every sector, including gaming, AI, cloud computing, autonomous vehicles, and health care.

Its top five customers are Amazon, Microsoft, Google, Tesla, and IBM.

Sounds like a winner to me, and I currently hold a small amount.

Like, it’s also up 200% year to date.

SoundHound AI (NASDAQ: SOUN)

SoundHound specializes in sound recognition and voice-enabled AI products.

The company has developed a range of products and services that revolve around audio and voice recognition technologies.

The company's stock has rocketed up more than 34% year to date on overall optimism within the AI industry.

The company's flagship product is the SoundHound mobile app, which allows users to identify songs by simply humming, singing, or speaking a few lyrics. It uses advanced audio-matching algorithms to compare the recorded sound with an extensive database of songs.

SoundHound also offers a voice-enabled AI assistant called Hound. Hound provides voice-controlled interaction and learns from your natural language. Users can ask complex and detailed questions or issue voice commands for tasks like finding information, making restaurant reservations, playing music, getting weather updates, etc.

This technology has also been utilized in other applications and services. The company has partnered with automotive manufacturers to integrate its voice recognition technology into vehicles, enabling drivers to control various functions using voice commands. Additionally, SoundHound has developed voice-enabled solutions for smart speakers, internet of things (IoT) devices, and other connected products.

SoundHound currently works with Mercedes-Benz, Qualcomm, Netflix, Pandora, Mastercard, and Square.

A Better Way to Play Tech

At the end of the day, AI is just another piece of tech that's grabbing all the headlines right now…

And it's even producing some of the stock market’s biggest gains.

But as exciting as artificial intelligence like ChatGPT is…

And most people aren’t aware of it.

I’m talking about the kind of tech revolution that will change EVERY aspect of our world from retail to health care to manufacturing and beyond.

It's called spatial computing.

With it, the internet will no longer be confined to flat screens.

Instead, it will blend our physical and digital worlds, creating an immersive, interactive, and all-encompassing experience…

So you can interact with digital content in the same way you interact with physical objects — by touching, grabbing, or even speaking to them.

Just imagine how disruptive this tech is going to be.

While everyone’s distracted with crypto and AI, the real winner is right in front our face.

Stay frosty,

Alexander Boulden
Editor, Wealth Daily

follow basicCheck us out on YouTube!

After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing.

Alexander is the investment director of Insider Stakeout — a weekly investment advisory service dedicated to tracking the smartest money on the planet so that his readers can achieve life-altering, market-beating returns. He also serves at the managing editor for R.I.C.H. Report, a comprehensive service that uses the highest-quality investment research and strategies that guides its members in growing their wealth on top of preserving it.

Check out his editor’s page here.

Want to hear more from Alexander? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on. 

Angel Publishing Investor Club Discord - Chat Now

Jeff Siegel Premium