The Wealth Newsletter: 4th Edition

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Hello, Wealthy Person

Microsoft has introduced Copilot for Finance. This will be a feature within Microsoft 365 applications, and it is expected to save lots of time and money.

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The Wealthy Menu

• Microsoft New Copilot

• Musk sues OpenAI

• 2 Trillion Club

• Ultimate Productivity Hack

More stories in each section

This week in technology and finance:

Microsoft’s Copilot for Finance

This week Microsoft launched Copilot for Finance. It is a new AI tool that can help financial professionals and teams. While working with Microsoft 365 applications, Copilot for Finance can “streamline audits by pulling and reconciling data with a single prompt” (Microsoft).

One sentence: Copilot for Finance simplifies financial tasks by automating data reconciliation, communication, and variance detection.

Musk Sues OpenAI

Elon Musk has filed a lawsuit against OpenAI and the CEO, Sam Altman. This is because Sam Altman has violated OpenAI’s original mission which was developing AI for the benefit of humanity. Open AI partnered with Microsoft with a $13 billion deal.

One sentence: Elon Musk sues OpenAI for prioritizing making money over benefiting humanity.

Biden’s Executive Order

Joe Biden has issued an executive order to keep personal data of Americans safe from other countries he called “hostile”. These countries include China, Russia, Iran, North Korea, Cuba, and Venezuela. The order addresses everything from biometrics and health records to finances and geolocation.

One sentence: Joe Biden places executive order to keep personal data of Americans safe.

This week in stocks:

2 Trillion Club

Nvidia joined the 2 Trillion MKT club last week but then dipped. In the elite club with Microsoft, Apple, and others. Today, NVDA did great. Back at 2 trillion, everything seems great for Nvidia.

One sentence: Nvidia’s market cap passes $2 trillion.

EA Layoffs

Electronic Arts cut 5% of their workforce, around 670 employees. The reason is because of a restructuring plan approved by the board. The plan wants to boost EA’s strategic priorities and growth initiatives.

One sentence: Electronic Arts (EA) lays off 670 employees to boost growth and strategy.

This week for self-development:

Flow state is the state of being focused. So focused you lose track of time and distractions.

Here are the 5 steps to achieve flow state:

1. Choose Meaningful Tasks

Make sure you can reward yourself after.

2. Set Clear Goals

Keep in mind what you can achieve with this task.

3. Minimize distractions (aka - throw your phone out)

Throw your phone outside.

4. Deep Engagement

Make sure you are fully in the moment.

5. Practice

Whenever you do a task, incorporate this.