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Hundreds of investing and finance newsletters hit my (and maybe your) inbox every week. This is the best of the best of tech from the past week. Every Monday, we’ll tackle policy, and every Wednesday, we’ll recap finance.

This week, on Tech Wrapped, we’ve got…

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OpenAI might soon have a new sugar daddy. Amazon is reportedly in talks to invest more than $10 billion in the ChatGPT maker, much to the dismay of Microsoft and Nvidia. The deal would also tie OpenAI’s compute needs to Amazon’s homegrown Trainium and Inferentia chips, giving AWS a bigger slice of the AI infrastructure pie.

Meanwhile, the US government is getting in on the action with a new “Tech Force” of 1,000 engineers to build AI and data systems across federal agencies. The program partners with the same tech giants (Amazon, Microsoft, Nvidia, OpenAI), further blurring the line between business and busin…I mean government.

For investors, this is the AI-industrial complex forming in real time. The winners aren’t just the model-makers but the chip and cloud providers powering them. If you’re holding NVDA, AMD, or AMZN, you’re already enlisted.

Tesla's stock has been rallying on robotaxi hype, but here's the uncomfortable math: analysts estimate that the actual car-selling business is worth just $30-40 per share. With Wall Street's consensus price target at $383.83 (18% downside from current levels), investors are essentially betting the farm on Elon's promises about self-driving cars and robots. The company just started testing truly driverless robotaxis in Austin, which sent the stock up 3% even as the broader market declined.

So autonomy now represents over 70% of Tesla's total value, and TSLA’s energy business might be worth more than the car division. We're watching a car company transform into a very expensive AI moonshot before our eyes!

Also, California regulators just told Tesla to clean up its "autopilot" marketing, which suggests the road to full autonomy won't be as smooth as the stock price implies. Tesla's Austin fleet has been in at least seven crashes since June, though, uh, don’t look into that too much. The safety reports are [redacted].

This episode of The Best One Yet dives into YouTube taking the Oscars, why multigenerational travel is exploding thanks to grandparents, and the jaw-dropping scale of Santa Claus’ annual business if it were scaled to reality.

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That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.

Till next time,
— Brandon and Blake