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Wednesday’s top story: Google is building a new data center in fossil-fuel-dependent Saudi Arabia, leaving many questioning their commitment to climate change goals.

💼 Join Innovating with AI’s new AI Consultancy Project and learn how to build a business as an AI consultant (find out more, below👇).

🌤️ This Morning on AI Tool Report

1. 🛢️ Google’s new venture raises serious questions

2. 💼 How to become an AI consultant with Innovating with AI

3. 🔝 NVIDIA topples Apple!

4. 🧠 How to future-proof your skills in minutes a day with Brilliant 

5. 🪙 How to create a monthly budget using ChatGPT

6. 🛑 Move slowly and don’t break things!

Read Time: 5 minutes

FACT OF THE DAY

🤔 According to the National University, men tend to be more aware of the advancements in AI than women, although women tend to use AI more than men, with things like virtual assistants and wearable fitness trackers.

STOCK MARKETS

😥 Stocks soared on US election day as investors positioned themselves for a volatile couple of days. The election race is predicted to be tightly contested with the betting markets having Trump as the favourite. Investors are also keeping an eye on Congressional elections to determine the balance of power in Washington. Many analysts predict a split government, which would limit the ability of the President to enact significant policy changes. Learn more.

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CLIMATE CHANGE

🛢️ Google’s new venture raises serious questions

Our Report: Google is building an AI data center in oil-rich Saudi Arabia, leaving many questioning the implications of the venture and the strength of Google’s commitment to climate change goals.

🔑 Key Points:

• While neither Google nor the Saudi Public Fund has confirmed any specific details, the new AI data center will support local research and development of Arabic-language AI models and “Saudi-specific AI applications.”

• After promising to stop developing algorithms for oil and gas production and halve its emissions by 2030, Google believes joining forces with fossil-fuel-dependent Saudi Arabia still “comports” with its climate commitments. 

• While Saudi Arabia is keen to utilize AI to reduce reliance on oil revenue by 2030, state-owned oil company Aramco has reported a 15% increase in oil production after leveraging AI to streamline operations.

🤔 Why you should care: Given that fossil fuels are central to Saudi Arabia’s economy, experts believe that the “Saudi-specific AI applications,” powered by Google’s new data center, are bound to be centered around oil and gas production, which leaves Google stuck between a rock and a hard place: Meeting its climate targets vs. unlocking valuable global research and innovation opportunities.

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TOGETHER WITH INNOVATING WITH AI

💼 Want to become an AI Consultant?

The AI consulting market is about to grow by a factor of 8X – from $6.9B to $54.7B in 2032.

But how does an AI enthusiast become an AI consultant?

How well you answer that question makes the difference between just “having AI ideas” and being handsomely compensated for your contribution to an organization’s AI transformation.

Thankfully, you don’t have to go it alone – our friends at Innovating with AI have welcomed 300 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant. 

Some of the highlights current students are excited about:

• The tools and frameworks to find clients and deliver top-notch services

• A 6-month plan to build a 6-figure AI consulting business

• Students getting their first AI client in as little as 3 days

And as a reader of AI Tool Report, you get early access to the next enrollment cycle.

1. Meco is a distraction-free space for reading and discovering newsletters, separate from the inbox ⭐⭐⭐⭐⭐ / 5 (Product Hunt)

2. HitWit enhances and organizes your content using AI

3. Move AI captures and creates 3D animations

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STOCKS

🔝 NVIDIA topples Apple!

Our Report: As the markets closed yesterday, AI chipmaker, NVIDIA, officially became the most valuable company in the world, beating Apple, which previously held the top spot.

🔑 Key Points:

• NVIDIA ended yesterday’s trading session with a market capitalization of $3.43T—compared to Apple’s $3.38T valuation—after its shares increased by 2.9%, making each share worth $139.93.

• It did briefly push past Apple in June (but just for a day), and it also beat Microsoft (valued at $3.06T) last month, as it continued its “astronomical” upward trajectory—growing 850% in just 2 years.

• NVIDIA currently designs ~75% of the industry’s AI chips, supplying most tech titans—including Microsoft, OpenAI, Google, Amazon, and Meta (notably, not Apple)—with its AI hardware.

🤔 Why you should care: This just further highlights the increasing importance and dominance of AI infrastructure within the industry, something which is expected to continue, although whether NVIDIA will remain the largest AI chip manufacturer and, therefore, the most valuable company in the world, remains to be seen, with many (such as OpenAI, Apple, Meta, and Microsoft) rumored to be developing their own AI chips, to reduce reliance on NVIDIA.

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TOGETHER WITH BRILLIANT

Training data for human intelligence

Future-proof your skills in minutes a day with Brilliant.

A library of quick, hands-on lessons in AI, programming, logic, data science, and more makes it easy.

Dive into:

• Bite-sized, interactive lessons that make complex AI concepts accessible and engaging

• Personalized learning paths and competitive features to keep you motivated and on track

• Building skills to tackle real-world problems—not just memorizing information

Join over 10M people and try it for nothing, for 30 days.

Plus, AI Tool Report readers can snag a deal on an annual premium subscription with this link.

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Wednesday’s Prompt: How to create a monthly budget using ChatGPT

Type this prompt into ChatGPT:

Results: After typing this prompt, you will understand the basics of budgeting, and learn how to create a monthly budget.

P.S. Use the Prompt Engineer GPT by AI Tool report to 10x your prompts.

It’s not too late! Join the AI Reports AI Skill Sprint on Skool and master 6 crucial AI skills in just 6 weeks…

Course 4 (Wednesday 6th November): LinkedIn Content for Individual Brands and Businesses

✅ What You'll Learn: Course 4 is with LinkedIn content expert and Founder of Cognified, Charlie Hills, who will discuss how to use AI to plan and create LinkedIn content and engagement strategies, write and post engaging content, analyze and repurpose old content, and more…

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ETHICS

🛑 Move slowly and don’t break things!

• Several safety advocates have advised AI founders to step away from the Mark Zuckerberg-coined phrase—urging them to move rapidly and break things—towards a “move cautiously and red-team things” one.

• Founders are so keen to get their products shipped, that they give little consideration to ethical outcomes and don’t know if the technology they’ve built is “acting in service or actively harming” the world we want to live in.

• They’re building powerful systems that can “impact people’s lives,” so there should be red-teaming protocols to test the impact, guardrails around how the product is built, and licenses to allow people to work. 

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Until next time, Martin & Liam.

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