🚀 Trump Media Shares Gain 40%

PLUS: Reddit Is Profitable After 20 Years, Is Boeing Overcharging The Military?

Dear founder, here’s your 3-minute recap (without the fluff):

  • Innovating with AI's program can help you build a 6-figure AI consulting business in 6 months (More)

  • Trump Media shares surge 40% as traders speculate on his election lead (link)

  • Reddit achieves profitability for the first time, with nearly 100 million daily users (link)

  • Boeing allegedly overcharged the military 8,000% for airplane soap dispensers (link)

  • New tools, resources, funding updates & job postings

TOGETHER WITH INNOVATING WITH AI

The AI consulting market is about to grow by a factor of 8X – from $6.9 billion today to $54.7 billion 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:

And as a reader of Prompts Daily, you have a chance to get early access to the next enrollment cycle.

Want to advertise with us? Get started here.

🛠️ Tools

MyAudioJournal - Record, transcribe, & analyze audio journal entries with AI (link)

Particl - Catch Black Friday’s Top-Selling Trends Live! (link)

Automation agencies, our AI identifies automatable tasks with ROI (This case study helped generate a $50K+ upsell)

Save 4+ hours a week with revolutionary AI email — 2 months free of Superhuman

Merative - An AI-powered healthcare technology and analytics company that helps organizations drive progress in health through trusted technology and human expertise (link)

Trolly AI - Helps to create professional SEO articles, 2x faster (link)

Vercel - A cloud platform for deploying and hosting websites, apps, and serverless functions seamlessly with speed, scalability, and simplicity (link)

AppSheet - Helps you build powerful applications and automations that boost productivity and mainly no coding required (link)

Ellipsis - An AI-powered code review and bug-fixing tool that helps developers improve code quality and productivity (link)

Frase - An AI-powered tool easily creates content that ranks on Google (link)

đź“š Resources

The difference between free users and paying users (link)

25 books recommended by Lex Fridman (link)

The funniest ad copy’s collected this week (link)

Creators are the new problem-solvers (link)

PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers).

đź’° Funding

Herald raised $12M to accelerate the development of its digital infrastructure for commercial insurance (link)

Swoove Studios raised $7.5M to scale its 3D animation platform across Europe and the US (link)

đź’Ľ Job Board

Manager, Machine Learning at Pinterest (Remote)

Manager, UX Research at Zillow (Remote)

đź’Ś Etcetera

Build a 6-figure AI consulting business

8 things to know about Rolex

10 animals with pre-historic roots

The loudest voice in the animal kingdom

Is Africa splitting in two? Really? Here's the scoop

Why obesity is rising and how we can live healthy lives

Wireless network gets data from sensors the size of salt grains

How has technology changed and changed us in the past 20 years?

🗞️ News

Trump Media Shares Gain 40%

Shares of Trump Media & Technology Group surged by 43% in after-hours trading on Robinhood as early election results indicated a lead for Donald Trump. The stock rose to over $48 a share following Trump's strong performance in key states like North Carolina. Despite a reported loss of $19.2 million in the third quarter the stock's movement reflects investor speculation about Trump's electoral prospects.

The volatility of the shares has been notable throughout the election season as traders react to shifting political dynamics.

Reddit Is Profitable

Reddit has achieved profitability for the first time in its nearly 20-year history, reporting a profit of $29.9 million in its third quarter. Revenue reached $348.4 million, a 68 percent increase year over year. The platform also saw its daily user count rise to 97.2 million, a 47 percent increase from the previous year.

Reddit's advertising revenue grew significantly, driven by partnerships with companies like Google and OpenAI for data licensing. CEO Steve Huffman credits the growth to new AI-powered translation features aimed at expanding global accessibility.

Boeing x Military

Boeing is facing scrutiny after a Pentagon audit revealed it allegedly overcharged the Air Force nearly 8,000 percent for soap dispensers used in C-17 cargo planes. The audit found that the Air Force paid excessive prices for 12 out of 46 spare part orders, with total overcharges nearing $1 million. Boeing disputed the findings, claiming the report compares specialized parts to basic commercial items.

The Department of Defense has recommended stricter oversight on pricing for future contracts to prevent further overpayments.

That’s it for now!

Hope you enjoyed this week’s edition! See you next week.

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