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Temperatures in Vegas are soaring past 110 degrees today. Stay cool and safe, fam. |
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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)
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Sounds simple! But in the real world it gets complicated, fast. |
AvaWatz develops systemsthat 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: |
 | AvaWatz Airfield Inspection |
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There are a bunch of applications for this. Defect detection on power lines. Enhancing medical imaging analysis. All sorts of precision training. |
So AvaWatz is raising on Republic. |
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.
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Invest in AvaWatz. They're pushing the boundaries of what autonomous systems can achieve. |
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📰 Market Headlines |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
About 50/50 here that banks are either currently or soon to be in trouble. They’re still doing well, though (see below). |
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🧠 What do you think? |
American taxpayers give $30 billion in subsidies to farmers in the USA, or around $179 per taxpayer. |
Of that, more than half goes to the 3% of farms owned by large corporations. |
Of the smaller family farms, 98% of the households boast an income above the national average. |
Critics say “farm subsidies are costly to taxpayers and can distort planting decisions, induce overproduction, and inflate land values.” |
Farm Subsidies |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Charles Schwab's Q2 profit fell 2% as it paid more interest on client deposits and borrowings; shares plummeted 7.1%. UnitedHealth maintained its full-year profit forecast, sending shares up 6%. Bank of America beat Q2 expectations with revenue cruising past estimates; shares went up 4.32%. Progressive posted a more than fourfold jump in Q2 profit; shares climbed 3.5%. State Street reported a 16% rise in assets helping it beat revenue estimates; shares inched up 0.8%. Interactive Brokers topped Q2 EPS estimates by 5 cents and beat on revenue, but shares fell 1.23%
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Market movers |
Tesla posted 800 job openings, especially in AI and robotics, just months after its biggest-ever layoffs. Amazon's deal with AI startup Adept, which involved hiring key executives and licensing technology, is currently under scrutiny by the FTC. Emirates SkyCargo committed to purchase five more Boeing 777 freighters for $1 billion, increasing its fleet capacity by 30%. Five Below CEO Joel Anderson stepped down due to declining sales. Intuit cut 1,800 jobs, including 384 in the Bay Area, as part of an AI-focused restructuring.
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Ideas, trends, and analysis |
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Corn growers boosted the US economy by $151 billion in 2023, contributing $20.7 billion to GDP and $12 billion in wages. [Ed: $2.2 billion of that was subsidies] Gen Z Hispanics are tightening their belts to save money, with 46% depending on parents to make ends meet, according to a Bank of America report. The University of Michigan's consumer sentiment survey confirms consumer jitters, with July's figure of 66 well below the 50-year average of 84. A Center Square poll finds inflation, illegal immigration, and the economy remain top voter concerns heading into November.
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🌍 Global Perspectives | 🇾🇪🇵🇦🇱🇷🇲🇭 Yemen's Houthi rebels attacked two more ships in the Red Sea, an Israeli-owned tanker and a Marshall Islands-flagged oil tanker. 🇹🇭🇺🇸🇻🇳 Six people, including two Vietnamese Americans, were found dead in a luxury Bangkok hotel room, with police exploring possible poisoning. 🇪🇨 Sniffer dogs in Ecuador found 6.23 tonnes of cocaine worth $224 million hidden in a banana shipment destined for Germany. 🌍 Southern Europe baked under a severe heat wave as temperatures soared over 104°F (40°C) in many countries. 🇵🇪 At least 23 people died in Peru after a bus plummeted over 650 feet into a ravine.
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📊 Crypto | | Loka Mining launched a decentralized mining pool, allowing miners to sell future rewards to investors at a discount for instant liquidity. Crypto exchange Kraken signed a sleeve sponsorship deal with Premier League club Tottenham Hotspur. Bitcoin ETF inflows topped $300 million on Monday, marking a 7-day streak. Craig Wright was ordered to post on his website, Slack, and X that he is not the Bitcoin founder after UK court ruling.
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📺 What to Watch Today |
Talk about technical difficulties. |
 | Are two NASA astronauts stuck in space and how can they come home? • FRANCE 24 English |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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