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- 🐭 Someone hacked Disney
Last week, someone stole $2 million worth of baseball cards.
AvaWatz: Collaborative AI + robotics
"Behind-the-scenes" tech for complex tasks
With all the hype around AI and robots, there's a misconception that robots just work on their own.
They don't. To get the job done, robots need to:
Interpret data from sensors
Communicate the appropriate action
Overcome obstacles when stuff goes wrong (which is all the time)
Sounds simple! But in the real world it gets complicated, fast.
AvaWatz develops systems that work together to do complex tasks. This is known as collaborative AI.
One use-case is airport safety. AvaWatz robots can detect small but harmful junk on airport runways.
See here:
There are a bunch of applications for this. Defect detection on power lines. Enhancing medical imaging analysis. All sorts of precision training.
Why Invest in AvaWatz?
Innovative: AvaWatz enables multiple systems to collaborate seamlessly, and complete intricate tasks with precision and reliability.
Versatile: Their tech can be applied across multiple industries, from logistics and manufacturing, to security and inspection.
Scalable: The platform’s modular design allows for easy scaling.
High growth potential: The market for autonomous systems is rapidly expanding.
Proven Expertise: The team behind AvaWatz brings extensive experience in AI and autonomous technology.
Invest in AvaWatz. They're pushing the boundaries of what autonomous systems can achieve.
📰 Market Headlines
Markets climbed to record highs following Trump's survived assassination attempt over the weekend.
The Dow jumped 200 points to hit an all-time high, while the S&P 500 and the Nasdaq gained 0.3% and 0.4%, respectively.
Shares of Trump Media & Technology Group skyrocketed 31.4%.
Fed Chair Powell indicated the central bank might cut rates before inflation hits 2%, seeking "greater confidence."
Trump formally cinched the GOP nomination, naming Ohio Senator JD Vance as running mate.
Independent candidate RFK Jr. will receive Secret Service protection after the Trump assassination attempt.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
🎤 What you said last time
No one thinks things are going to cool off.
📈 Trends you need to know
Credit card limit increases are being declined at more than double the rate they were five years ago.
🧠 What do you think?
Loads of big banks report earnings today.
With consumer spending decreasing and defaults increasing |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Goldman Sachs beat Q2 expectations with revenue up 17%; shares rose on a 9.1% dividend hike.
JPMorgan Chase surpassed Q2 estimates with revenue soaring 32%; stock remained unchanged.
Market movers
Disney's internal communications were leaked online after a hack, including discussions about ad campaigns, technology, and job candidates.
The FAA grounded SpaceX's entire Falcon 9 fleet after one exploded mid-flight last week.
Apple released the iOS 18 public beta, with the anticipated Apple Intelligence feature available later this summer.
Tesla CEO Elon Musk confirmed a delay in the company's Aug. 8 robotaxi unveiling event to make a design change to the vehicle's front end.
Ideas, trends, and analysis
Credit rejection rates rose to 21.4% in June, with fewer households applying for credit.
Gen Z is set to become the largest and wealthiest generation, with $12 trillion in projected spending power by 2030.
Austin's housing market inventory surged 41% above pre-pandemic levels, deflating the pandemic-era bubble.
Nearly 350 small and mid-size US businesses filed for bankruptcy in the first half of 2024.
🌍 Global Perspectives
🇨🇳 🇷🇺 China and Russia are holding joint naval activities in the contested South China Sea, with warships entering via the Balintang Channel.
🇹🇭 Thailand's manufacturing sector lost over 51,500 jobs and saw nearly 2,000 factory closures due to cheap Chinese imports.
🇳🇵 Rescuers in Nepal ruled out finding survivors after a landslide swept two buses with 65 people into a river.
🇺🇦 Ukrainian startups are creating a low-cost robot army to fight Russia, with 250 defense startups producing drones and unmanned vehicles.
🇨🇳 China's economy grew slower than expected at 4.7% in Q2, with retail sales hitting an 18-month low.
📊 Crypto
Lazarus Group has been suspected of laundering $35 million from DMM Bitcoin exchange hack.
Tether has been accused in a new class action lawsuit of market manipulation and antitrust violations.
Bitcoin rebounded above $62,000 for the first time since early July after an assassination attempt on former President Trump. It’s over $63k at time of publishing.
🧠 Errata
A NASA astronaut snapped a photo of glowing blue orbs from the ISS that look like alien spaceships.
An Irish man set a Guinness World Record by unicycling across Ireland in 5 days.
The James Webb Space Telescope detected hydrogen sulfide, smelling like rotten eggs, on an exoplanet for the first time.
A man rowing solo across the Atlantic Ocean ran into a school of a thousand whales.
📺 What to Watch Today
Thank goodness it’s not the other kind of fin.
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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