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Have you heard of the company that (allegedly) used $16 million worth of fake money to invest in a fake Estonian company? |
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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 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
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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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Stocks climbed as Fed minutes hinted at a likely September rate cut if inflation continues to cool. New data revealed 818,000 fewer jobs than initially reported in March 2024, suggesting earlier labor market cooling. The euro hit its highest level against the dollar this year, rising 2.5% in August. Microsoft adjusted its reporting structure to enhance transparency, showing a 19% increase in cloud consumption revenue in the latest quarter.
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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 |
Wow, zero people think it’s returning to how it was. |
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What you had to say: |
“It's proved - for some jobs. Those guys are never going back to the office.” |
📈 Trends you need to know | | The dollar has hit a one-year low against the Euro, but that doesn’t seem to have stopped American tourists from flocking to the Old World this summer. |
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🧠 What do you think? |
Your next international holiday will be to |
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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: |
Snowflake trounced Q2 estimates, yet its share price fell 6.7%. Urban Outfitters beat expectations, with stocks jumping 5.2%. Zoom flew past Q2 forecasts; shares climbed 1%. Macy's missed on revenue, plummetting shares 8.6%. TJX posted strong Q2 results that surged stock prices nearly 6%. Synopsys synthesized a Q3 beat; shares jumped 1.3%. Target topped Q2 estimates; the stock skyrocketed 11%.
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Market movers |
OpenAI opposed California's AI bill SB 1047, warning it would stifle innovation and drive talent away. Lingo Telecom was fined $1 million for AI-generated robocalls that mimicked the voice of President Biden. Walmart offloaded its entire $3.74 billion stake in JD.com. Medium turned its first-ever profit in August, thanks to better content curation and moderation. Citigroup updated its quarterly report with reorganization details after an SEC probe on its $136 million fine.
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Ideas, trends, and analysis |
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Homebuilders' advantage waned as inventory rose 23.4% year-over-year. Target reported a 50% drop in theft-related losses after introducing advanced security measures and redesigning store layouts. The dollar hit a one-year low post-jobs data; with a 33% chance of a 50 bp Fed rate cut.
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🌍 Global Perspectives | 🇲🇽 Mexican judges and magistrates joined a strike against President Lopez Obrador's judicial reform. 🇵🇾 🇨🇳 Paraguay's President Pena expressed openness to trade deals with China via Mercosur, despite ties with Taiwan. 🇻🇪 Latin American mediation in Venezuela stalled as Maduro solidified control after a disputed election. 🇱🇧 🇮🇱 Hezbollah fired more than 50 rockets and drones at northern Israel, hitting homes in the Golan Heights. 🇺🇦 🇷🇺 Ukraine launched one of its largest-ever drone strikes on Moscow, with Russia claiming it destroyed 11 drones. 🇬🇷 🇾🇪 A Greek-flagged oil tanker was set ablaze in the Red Sea after repeated attacks, likely by Yemen's Houthi rebels.
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📊 Crypto | | Franklin Templeton filed for a crypto index ETF, expanding its $421 million crypto ETF portfolio. BlackRock's iShares Ethereum Trust (ETHA) became the first US spot Ethereum ETF to cross $1 billion in net inflows. FBTC, an omnichain Bitcoin asset, crossed $100 million in Total Value Locked.
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📺 What to Watch Today |
Not sure my first thought would be, “Let’s put it on a boogie board.” |
 | Rare Deep-Sea-Dwelling Oarfish Washes Up Near San Diego |
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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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