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Happy Friday!

Turns out XRP is better at dodgeball than we thought.

It just dodged being labeled a 'security'

In today’s Morning Mashup:

Read time: 3 minutes

🤖 xAI: Elon Musk's Bold Move to Decode the Universe

You know how Elon Musk always seems to be up to something that stretches the limits of what's possible, right?

Well, he's done it again.

This time, his sights are set on a new AI venture, xAI, which was officially announced on July 12, 2023. 

The company’s goal is to understand the true nature of the universe. Not quite your everyday startup mission but that's Elon for you.

Leading a team of elite researchers, whose backgrounds include powerhouse entities like Google Research, DeepMind, OpenAI, Microsoft Research, and Tesla, Musk is diving headfirst into this endeavor. Despite standing distinct from his other businesses, xAI will maintain a symbiotic relationship with them, allowing for a unique cross-pollination of ideas.

Remember Musk's words on AI being "potentially more dangerous than nukes"?

Well, he aims to counterbalance that fear by ensuring xAI paves the way for AI to be used for the greater good. It might be in its infancy, but Musk has high hopes for the company, envisioning it as a solution-provider for the world's most crucial issues in the near future.

If you check out the xAI website, it echoes the company's commitment to building safe and beneficial AI. The team is keen on expanding too, always on the lookout for individuals who share their passion for employing AI as a problem-solving tool.

The ultimate vision?

A general-purpose AI that can comprehend and reason just like us humans do. While this might seem ambitious, if there's anyone who can pull it off, it's probably Musk.

It's all a waiting game now to see where xAI will lead us, but one thing is certain: Elon isn't taking his foot off the accelerator when it comes to pushing the boundaries of innovation.

💲Shopify's New Sidekick: Revolutionizing E-commerce with AI

Shopify is gearing up to welcome a new member to their squad: an AI assistant named "Sidekick". 

Why "Sidekick"?

Well, just like a true sidekick, this tool is here to back up all the merchants on Shopify, always ready to lend a helping hand. Whether you've got questions about sales trends or you're looking to jazz up your store with discounts, Sidekick is the sales assistant you didn't know you needed.

"Is AI assistance the new trend?"

Yes.

From the house of Alibaba to our Zoom meetings, AI assistants are making our digital life smoother. OpenAI's ChatGPT is the brains behind the useful assistants.

Sidekick isn't just a flash in the pan. It's the brainchild of Shopify's own LLM, brought up on a healthy dose of over 100 billion words. So, not only does it understand and respond to our merchant queries, but it also keeps them in the loop with valuable insights and reports about sales trends.

Still, in its final stages of development, Sidekick is all set to make its grand entrance in the coming months.

🌐 XRP's Courtroom Twist: Ripple's Potential Game Changer

U.S. District Court Judge Sarah Netburn recently shook things up with a ruling that might just redefine the game. She stated that XRP, the underdog, is "not necessarily a security on its face."

This comes as a major breakthrough for Ripple who has been tangoing with the SEC since 2020, primarily over the status of XRP.

The SEC, who earlier claimed that XRP was a security since it was sold to investors with a promise of profits, seemed to be on a slippery slope this time. Judge Netburn noted that the SEC's case lacked solid proof and our old reliable, the Howey test, doesn't really stick to XRP.

The ruling, though it isn't the final word, has placed a few stones in SEC's path to regulate XRP. It's a sigh of relief for XRP holders, who've been on the edge for clarity on their investment.

But let's not forget, we're still on a roller-coaster; the SEC might appeal and there could be a full-blown trial.

The ruling took place in a pre-trial motion, so the case is yet to make its way to the courtroom. While this doesn't mean XRP is definitively not a security, it is a major-notch on Ripple's belt and could shape the SEC's future attempts to regulate XRP.

🧰 Productivity Arsenal

• Monster API - access powerful generative AI models with auto-scaling APIs (Link)

• Spoke.AI - Private & secure AI to summarize any conversation or topic, so you never miss an important update (Link)

• PhantomBuster - A new era of lead generation using AI (Link)

• Opus Clip - AI video tool that repurposes long talking videos into shorts (Link)

• Swimm - AI to generate doc outlines and help generate explanations of your code (Link)

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🐦 Tweet of the day

Venture out of your comfort zone.

That’s all for now!

If you have any interesting projects or ideas please reach out to us by responding to this email or by sending us a DM on Twitter: @DerikVasquez & @MorningMillionaire

As always, thank you for your time, and see you soon.