Two Industries Collide

THE PROFITS💸

• Two Industries Collide

• Intel’s Missed Opportunities

• Tesla Shareholder’s Urge At Another Elon Musk Startup

Read Time: 3 mins

THE BIG PROFITS💸

Two Industries Collide
Beer is used as a Viable Vehicle for a near industry takeover.

Intel’s Missed Opportunities
This Acquisition could’ve put Intel at the Forefront.

Tesla Shareholder’s Urge At Another Elon Musk Startup
This could strengthen Tesla’s Presence in the AI Industry.

Cannabis and Alcohol

Two Industries Collide

Tilray, a Canadian cannabis company, is expanding its footprint in the craft beer industry by acquiring four breweries from Molson Coors: Hop Valley Brewing Co., Terrapin Beer Co., Revolver Brewing, and Atwater Brewery.

This move, made despite challenges in the beer market, strengthens Tilray's position as the sixth-largest craft beer producer in the U.S.

Tilray's CEO, Irwin Simon, expressed confidence in the potential for revenue growth and national expansion through this acquisition.

Molson Coors, on the other hand, is selling these brands to concentrate on more profitable segments, aligning with its strategy to focus on higher-growth opportunities.

Intel

Intel’s Missed Opportunity

Former Intel CEO Bob Swan reportedly believed that generative AI models wouldn't become market-ready anytime soon, leading Intel to pass on a potential investment in OpenAI.

With OpenAI now valued at around $80 billion, Intel's missed investment could have been worth $12 billion, positioning the company at the forefront of AI development.

OpenAI, still reliant on Nvidia's chips, continues to seek investment to build its own hardware—a path that Intel could have supported.

This missed opportunity, along with others like declining to produce chips for the iPhone, highlights Intel's struggles in making key decisions, contributing to its recent challenges, including production issues and financial setbacks.

Opinion Poll

xAI

Tesla Shareholder’s Urge at Another Elon Musk Startup

Nearly 1,400 Tesla shareholders are urging the company's board to invest $5 billion in xAI, the AI startup founded by Tesla CEO Elon Musk.

This move could strengthen Tesla's position in the AI landscape while allowing it to maintain focus on its core projects, including Full Self-Driving technology and the Dojo supercomputer.

The request comes after Musk polled his social media followers on whether Tesla should invest in xAI, following a $6 billion Series B funding round that valued the startup at $24 billion.

However, Musk’s dual leadership of Tesla and xAI has sparked criticism, with concerns over potential conflicts of interest and resource allocation, leading to shareholder lawsuits and scrutiny from politicians like Senator Elizabeth Warren.

Decision Poll