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The UK has spiked its wine (sales) in 2024 and big moves in the private credit markets. | All this and much more in yesterday’s Alts Cafe. |
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In the world of big data, less is more |
Atombeam shrinks data without losing functionality |
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
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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. |
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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 U.S. 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
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Atombeam has raised $4.5m, and you can invest in their latest round starting at $648 |
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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. |
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📰 Market Headlines |
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S&P 500 and Nasdaq extended win streaks to eight days, marking their longest runs of 2024. Gold futures hit record highs, pushing a 400-troy-ounce bar above $1 million for the first time. Vice President Kamala Harris proposed raising the corporate tax rate to 28% as part of her presidential platform. She’s also floated removing the carried interest loophole. Boeing paused tests of its 777X aircraft after discovering damage to one of the jet's structures.
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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 |
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What you had to say: |
“For stationary bicycles, it's amazing how those executives sure figured out how to drive them into a tree.” |
📈 Trends you need to know | | Adjusted for inflation, gold has returned around 8% since 2000. Compare to: | Bitcoin (since 2010): 150% S&P 500: 5.6% Nasdaq: 7.6% Oil: 5.2% US Residential Real Estate: 5.9% Emerging Markets Equities: 2.8%
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🧠 What do you think? |
What would you choose if you had to pick just one asset class to invest in for a quarter century? |
Over the next 25 years, I would put all my money in |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Earnings season marches on with a fresh batch of reports. Here’s the lineup: |
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Market movers |
Procreate pledged never to include generative AI in its products. Kroger sued the FTC, challenging its in-house judges ahead of the Albertsons merger review. GM cut 1,000 software jobs globally to focus on AI and Super Cruise improvements. AMD bought ZT Systems for $4.9 billion to enhance its AI infrastructure. The FAA issued a safety directive for Boeing 787s after a mid-air dive in March. Swarmbotics unveiled plans to bring robotic swarm tech to the battlefield after raising $4 million.
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Ideas, trends, and analysis |
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The Fed is expected to deliver three rate cuts in 2024, taking the federal funds rate to 4.50%-4.75% by year-end. US workers' satisfaction plummeted with wage compensation dropping to 56.7% from 59.9% last year. The percentage of workers expecting to become unemployed hit a record high of 4.4%.
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🌍 Global Perspectives | 🇨🇳🇵🇭 Chinese and Philippine coast guard ships collided in the South China Sea. 🇰🇪 Kenya's government announced plans to reinstate scrapped taxes, risking unrest after June protests. 🇨🇳🇻🇳 China and Vietnam signed 14 cooperation deals, including cross-border railways and crocodile exports. 🇺🇸 Thousands of pro-Palestinian protesters rallied outside the Democratic National Convention. 🇮🇱🇵🇸 Hamas and Islamic Jihad claimed responsibility for a Tel Aviv bomb blast that killed one person. 🇵🇦 Panama scheduled its first US-funded flight to repatriate irregular migrants.
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📊 Crypto | | Global crypto ownership rose 6.4% to 617 million in H1 2024. Bitwise expanded into Europe by acquiring ETC Group, boosting its AUM to $4.5 billion. Nigerian lawmakers proposed taxing the $400 million crypto market to spur growth and innovation.
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📺 What to Watch Today |
Like a big pizza pie. |
 | You Won’t Want to Miss August’s Rare Super Blue Moon. Here’s How and When You Can See It |
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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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