| Dear Reader, In the late 1990s, when most people were still mailing checks, Musk’s idea of making payments over the Internet was unimaginable. Now, though, PayPal is a promising contender in the ever-competitive and ever-advancing AI boom. PayPal is applying AI-derived insights from its vast customer base to optimize the checkout process for merchants and consumers. Specifically, PayPal AI significantly reduces both false negatives (declines) and false positives (fraudulent charges) during the checkout process. The secret sauce that makes this industry-leading error prevention possible is a PayPal solution that combines AI and machine-learning capabilities with its extensive data sets. PayPal heavily relies on this adaptive machine learning solution called PayPal Fraud Protection Advanced to detect and nullify fraudulent transactions. But that’s just the beginning. PayPal also expects AI to play an increasingly important role in its own operations. As PayPal CEO Dan Schulman says… “We are just at the beginning of a multi-year efficiency journey…With the new advances of generative AI, we will be able to accelerate our productivity initiatives. We expect AI will enable us to meaningfully lower our costs for years to come… I think there’s no question that AI is going to impact almost every function inside of PayPal, whether it be our front office, back office, marketing, legal, engineering, you name it.” So, I expect PayPal’s current discounted valuation to disappear as the company enters a new growth phase – and as its AI capabilities fatten the profit margins on that growth. Like I said before, PayPal was not a popular idea at first… Really, it seems that everything Musk has done throughout his career sounded insane at first. Which leads me to his latest, strange invention… It’s an AI device that could be the most powerful technology ever created. This new idea is set to shock the world once again – and this time, you don’t want to be a nonbeliever. So, click here to learn all of the details. Regards,  Eric Fry
Senior Macro-Investment Analyst, InvestorPlace | 
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