27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Elon Musk, the CEO of Tesla Inc and SpaceX, has weighed in on the dramatic price drop of older AI models, suggesting a potential market shift.
What Happened: On Monday, a user on X, formerly Twitter, asked Musk about the significant price drop of older AI models and its implications. The tech mogul responded by drawing a parallel between AI and other industries, indicating a potential market shift.
“AI will have a strong power law outcome, like search (Google, Bing, miscellaneous) & soda (Coke, Pepsi, miscellaneous),” he said.
Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, Musk’s AI startup, xAI, made its large language model, Grok, open source, allowing others to use the model for their purposes.
At the time, Musk’s decision to open source Grok was regarded as a strategic maneuver considering he has filed a lawsuit against ChatGPT-parent OpenAI, which he co-founded in 2015 and subsequently departed from in 2018.
Musk has been engaged in a public dispute with OpenAI over the company’s shift away from its non-profit goals, a move that has drawn criticism from fellow tech billionaire Vinod Khosla.
Check out more of Benzinga’s Future Of Consumer Tech by following this link.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!