We're hosting an open forum with the founders of NEOS, and you're invited!

The Hard Road Newsletter

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Good Morning Hard Road!

We've got a surprise mid-week update for you all!

  • There's been an update on the deal between Microsoft and OpenAI.

  • We've got a big call planned for this Friday on the Discord.

Finance Title Card

Early Monday morning OpenAI, the developers behind the AI phenomena sweeping the globe that are ChatGPT and DALL-E, announced another round of funding from Microsoft in the form of a "multi-year, multi-billion dollar contract." This comes 6 days after Microsoft CEO Satya Nadella announced via LinkedInthat there would be an implementation of ChatGPT into the Azure OpenAI service, a tool built to help companies integrate AI based services into their websites and workflow.

There are additional AI use-cases for Microsoft outside of Azure like Co-Pilot over on coder paradise Github. Pairing ChatGPT with Co-Pilot, in the words of #Proteus9718 over on the Discord Server, "A force multiplier for coders like no other." Truly exciting times we live in!To add further fuel to this fire, in their post-earnings conference call, Nadella is further quoted as saying "The age of AI is upon us," further reinforcing Microsofts position as a dominant player in the space.

After hours, Microsoft initially rose 5% on the news of an earnings beat but is currently flat at time of writing, likely due to poor fiscal guidance. Credit to Discord Member #USMC3344 for pointing this out, but it would be pretty tone deaf in the age of ESG scores to announce layoffs and good fiscal guidance in the span of a week so who knows how true it is.

This Friday, 1/27/2023, The Discord Community is hosting an open forum call with members of the company NEOS, Garret Paolella, Zach Csillag, and Tamar Valdman. NEOS creates ETF's that generate income by selling options spreads on assets like SPY, BIL, and BSV. Come on over to the Discord Server and join us for this insightful discussion, and the insightful discussions we have every day!

Hope your week is in the green so far, and we hope to see you on Friday!

Please note that the information provided is for general informational purposes only and is not intended to be financial advice. The information provided is not a substitute for professional advice and should not be relied upon as such. Always consult a financial advisor before making any financial decisions. Additionally, The Hard Road staff and contributors may have a stake in the Securities, Cryptocurrencies, Platforms, and other assets that are mentioned in this article and others.

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