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Variable dividend preferred stock design uses AI, Steven Bartlett notes

Variable dividend preferred stock design uses AI, Steven Bartlett notes
ChatGPT used for variable dividend stock

Steven Bartlett, founder at Flight Studio, highlights that Michael Saylor used ChatGPT to help design a new type of preferred stock with a dividend rate that changes every month.

According to Bartlett, Saylor claims no one has previously created a variable dividend rate preferred stock and that legal and banking professionals were initially unsure if it was possible. Saylor says his company ultimately moved forward with the plan.

Bartlett has previously commented on other notable market milestones. He noted that the UFC was purchased for $2 million and is now estimated to be worth $50 billion after 25 years of growth, according to one of his earlier reports. In another instance, Bartlett remarked on WeWork's workforce shrinking drastically from 13,000 to 3 employees in just one week.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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