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Are you looking for some end-of-summer reading inspiration?
Check out my virtual bookshop.
You can’t miss with bangers like these. 🔥
In the world of big data, less is more
As the volume of data generated by generative AI and IoT devices grows, companies struggle to handle the onslaught.
They try to maintain a balance between reducing data size and preserving quality and speed, but it doesn't always work:
Spotify faces challenges due to its vast library and a desire to hear music in high quality
Apple's iCloud photo library faced user backlash as their compaction resulted in lower resolution and quality of stored images
Most recently, Elon Musk's live interview with Donald Trump crashed X servers, leaving millions unable to listen
Atombeam has developed a groundbreaking approach to data compaction that reduces data size by up to 75% without any loss of information.
Data compaction is critical to efficiently process big data.
Why Invest in Atombeam?
High demand: With the explosion of IoT devices and big data, efficient data handling is more critical than ever.
Government contracts: AtomBeam was awarded two Phase II contracts totaling $2.4 million from the US Space Force and Air Force Research Laboratory to develop Neurpac for use in military satellites and aircraft
Patents: AutoBeam holds 50 issued and allowed patents, and 62 more pending.
Scalability: AtomBeam’s technology is a force multiplier for machine data communications, enabling up to 2-4x more data to be sent over existing networks
Atombeam has raised $4.5m, and you can invest in their latest round starting at $648
You should read the Offering Circular and Risks related to this offering before investing. This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
📰 Market Headlines
Markets snapped their longest rally of 2024 as major indexes closed lower, ending an eight-day winning streak.
The S&P 500 fell 0.2%, ending its eight-day rally, while the Nasdaq dropped 0.3% and the Dow slipped 0.2%.
A New York Fed survey revealed that 12.2% of Americans are looking for jobs, the highest rate in 10 years.
Shares of Trump Media & Technology Group plunged to a record low yesterday, dropping 3.7%.
Amazon-backed Anthropic was hit with a class-action lawsuit alleging copyright infringement in its AI model training.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
What you had to say:
“Good idea to go where the organic growth is.”
📈 Trends you need to know
Managers and workers alike overwhelmingly prefer remote work.
🧠 What do you think?
What's the future of remote work post-Covid? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Earnings season marches on with a fresh batch of reports. Here’s the lineup:
XPeng missed Q2 revenue expectations as vehicle deliveries fell 24% YoY, dropping shares 6%.
Lowe's beat Q2 earnings but missed on sales, cutting its full-year outlook; shares slid 4%.
Toll Brothers boosted its full-year 2024 guidance after Q3 earnings and revenue topped estimates, inching shares up 0.4%.
Market movers
OpenAI signed a multi-year deal with Condé Nast to display content from brands like Vogue and The New Yorker in ChatGPT and SearchGPT.
A US appeals court revived a privacy class action lawsuit against Google over alleged data collection from Chrome users who didn't sync their browsers.
BMW recalled over 720,000 vehicles due to a water pump issue that could potentially lead to fires.
The UAW threatened to strike against Stellantis over the delayed reopening of an Illinois plant, escalating tensions after recent contract negotiations.
PayPal hinted at plans to develop a mobile wallet in the EU, taking advantage of iPhones' newly opened NFC capabilities.
Nothing, a smartphone maker, ordered staff to return to the office full-time, suggesting those unhappy should find other jobs. [Ed: Apart from everything else, the message was poorly written, which drives me crazy.]
Ideas, trends, and analysis
China's renewable energy output surged in July, with hydro generation jumping 37% year-over-year and solar climbing 38%.
Mexico could boost its GDP by $390.5 billion annually if women participated in the workforce at the same rate as men, a Milken Institute report found.
🌍 Global Perspectives
🇮🇳 🇺🇸 India's antitrust body warned that the $8.5 billion Disney-Reliance media merger could harm competition due to their combined cricket broadcast rights.
🇺🇸 🇮🇷 The US government formally accused Iran of hacking Former President Donald Trump’s campaign.
🇹🇼 Taiwan showcased its missile firepower, launching surface-to-air missiles during a rare media visit to a sensitive test site.
🇬🇷 Greece offered up to 150,000 euros in emergency compensation to households affected by recent wildfires near Athens.
🇮🇳 India's Supreme Court created a hospital safety task force following the rape and murder of a trainee doctor in Kolkata.
🇺🇸 🇨🇳 President Biden approved a secret nuclear strategy focusing on China's expanding atomic arsenal.
🇦🇷 A ship on Argentina's Parana River near Rosario was quarantined due to a suspected case of mpox.
📊 Crypto
SEC rejected Cboe's 19b-4 filings for Solana ETFs, citing concerns over Solana's potential classification as a security.
Ethereum Layer-2 network Corn launched with $6.7 million in seed funding, integrating Bitcoin-backed gas tokens to enhance utility.
Tether expanded USDT to the Aptos blockchain, aiming to boost low-fee transactions and DeFi activity on the network.
🧠 Errata
Tennis star Coco Gauff scored a spot on Wheaties boxes, joining the breakfast club of champions a year after her US Open triumph.
The world's oldest person, Spain's Maria Branyas Morera, died peacefully at 117.
Archaeologists unearthed a 13,600-year-old mastodon skull in Iowa, shedding light on ancient human-mammoth interactions.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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