Elon Musk’s “Project Omega” is a presentation by Eric Fry that has been published by InvestorPlace where he talks about a new technology that will change people’s lives and create new investment opportunities.
He says that it could soon mint new millionaires while plunging millions of unprepared Americans into poverty. But Eric has 3 steps to prepare.
In this review, we take a look at what Eric Fry is talking about, what he means by Project Omega, and whether his investment approach is worthwhile.
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What is Elon Musk’s Project Omega?
The premise of Eric Fry’s Elon Musk’s Project Omega presentation is a project that the eccentric billionaire (Elon) started along with a group of other billionaires in Downtown San Francisco.
The project, according to Fry, will affect every aspect of our lives just like other key developments like the internet.
Eric Fry says that it could soon mint a new wave of millionaires, billionaires, and even the world’s first trillionaire.
At the same time, it will plunge millions of unprepared Americans into poverty.
Eric Fry says that the group of billionaires had been working on the project for seven years and launched it on November 2022.
So, what is Project Omega?
Well, Eric Fry is talking about ChatGPT, the ubiquitous large language model-based chatbot that was launched by Sam Altman’s OpenAI on November 30, 2022.
ChatGPT has become the poster boy of Artificial Intelligence (albeit inaccurately because AI applications are more pervasive) and it has given people the impression that AI is finally here.
In December 2015, Sam Altman, Peter Thiel, Elon Musk, and a few other players came together and created OpenAI pledging over $1 billion to the venture. OpenAI started as a non-profit with Musk its biggest funder.
The organization would “freely collaborate” with other institutions and researchers and make its patents and research open to the public.
It launched ChatGPT in November and by January, millions of people were aware of its existence if not using it in their day-to-day activities.
Eric Fry claims that Project Omega, as he calls ChatGPT, will affect people’s lives in a massive way. He says that it will drive people into unemployment and universal basic income may be implemented to cushion all the people that will be taken out of work by AI.
He also looks at it from the investment perspective and has come up with three steps that he recommends we take today to be on the winning side of the massive economic shift that will be caused by Artificial Intelligence.
Step #1: Buy the shares of three AI dominators
Fry says that you need to invest in tomorrow’s AI leaders now that it has gone mainstream.
He has identified 3 companies that he believes will be the biggest winners of the AI revolution and he has put all the details inside a special report called The Top 3 Stocks for the AI Revolution…
Inside, you’ll find their names and ticker symbols and his full analysis.
One of these companies he is recommending recently started using AI to predict the onset of diseases allowing doctors to address health problems before they occur.
Another company in the report is building the infrastructure that AI is built on and investing in it could be like investing in steel during the construction of railroads.
He has also included a company that he believes will help take AI robots mainstream.
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Step #2: Buy Eric Fry’s top 3 AI moonshot plays
According to Eric Fry, the biggest gains during this coming AI boom will not come from large, established players. It will come from smaller companies with names you’ve probably never heard of before.
He is confident because that’s exactly what happened during the internet boom when Microsoft could have 10X your money by the end of that decade.
But had you gone for the smaller internet players like the tiny semiconductor company Semtech, your shares could have gone up by nearly 25,000% by the end of that decade…
Therefore, Eric Fry believes in the power of small-cap stocks when you get in just before a disruptive technology goes mainstream.
Those small cap stocks are what he’s calling “The AI Moonshots” and he has already selected the three that he believes have the most upside potential and put all the details inside a special report called The AI Moonshots.
Inside the report you’ll learn about:
- A tiny company that’s using the power of AI to revolutionize the energy sector. It has already partnered with a slew of Fortune 500 companies across the U.S., including Amazon and Walmart.
- The $5 stock that’s at the forefront of the AI revolution in the airline space.
- And an AI company that can find gold and other metals underground without any drilling. Eric Fry wants you to seize the opportunity because gold has been making new all-time highs recently.
Their names and ticker symbols are in his report as well as his full analysis.
Step #3: Avoid Eric Fry’s Three AI Losers
According to Eric Fry, as AI brings changes to the world, there will be plenty of companies that will fail to adapt.
He has identified three companies that could go bankrupt because of AI and written about them in a special report called The Top 3 AI Losers: Avoid These Stocks Like The Plague.
He says that we should not touch these companies no matter how cheap they get because there’s a good chance shares will go to $0, or at least severely underperform the market over the next few years.
So how can you claim all these three reports?
By subscribing to his monthly investment newsletter, Fry’s Investment Report.
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What is included in Eric Fry’s Investment Report?
Every month, in Fry’s Investment Report you get the new tech breakthroughs sweeping the world, including AI.
And it’s not just technology because Fry goes well beyond tech trends and looks for all the best opportunities in the market.
He calls it a “global macro strategy” whereby he looks for big-picture trends that drive huge, multiyear moves in entire sectors of the market in any asset, in any country, and in any direction.
Eric Fry and his team are constantly analyzing interest rates, business cycles, disruptive technologies, consumer trends, geopolitical events and much more.
In each issue of Fry’s Investment Report, they include their #1 recommendation for that month.
If you become a member, all you need to do is decide if you want to participate in those plays.
Eric says that his global macro approach has enabled him to find 41 opportunities that could have 10X’d your money. He has also uncovered another 19 investments that have each shot up at least 500%.
In addition to the monthly recommendations and the aforementioned three reports, Eric also wants to send new members of Fry’s Investment report a copy of another report called The New 1,000% Portfolio.
It has the details on five stocks that will skyrocket in the coming months on the back of a new megaboom.
Fry’s Investment Report Subscription Fee
You can sign up for $49 using the discount he is offering.
Who is Eric Fry?
Over the past three decades, Eric Fry has worked in Silicon Valley and on Wall Street in various roles, including broker, entrepreneur, analyst, and hedge fund manager.
He participated in an investment competition against 650 prominent figures from Wall Street, including billionaires like David Einhorn and Bill Ackman, where he surpassed expectations by achieving an average annualized return of 150%, ultimately winning the competition.
He has honed a unique ability to anticipate market trends ahead of the crowd, exemplified by his early warning about the dot-com bubble’s impending burst in 2000, helping others avoid substantial losses during the subsequent Nasdaq crash and tech company bankruptcies.
Fry also edits newsletters for InvestorPlace.
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Conclusion
Elon Musk’s Project Omega is a pitch by Eric Fry where he promotes his newsletter and talks about investing in AI-related stocks.
Over the past few months, AI has been used as a buzzword to drive share prices up but some companies have not always demonstrated new cutting-edge use cases.
Therefore, there is a lot of investment going into ‘AI’ companies that have no product market fit. In such cases, investors justify their investments based on growth potential but it is yet to be seen whether the potential can be monetized.
Therefore, you should be cautious when investing in the companies that get pitched as AI stocks.
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