Stocks Finished A Mix Bag In Anticipation of CPI Data | Roaring Kitty Returns & Gamestop + AMC See 80%+ Runs 📈 | Open AI Unveils New GPT-4o | Nuerotechnology is The Next AI Boom?
Market Closes On Mixed Bag Feelings In Anticipation Of Econ Data 📈
The market ended on a mixed bag of results while the meme community came back to life while RoaringKitty resurfaced on Twitter after a 3 year hiatus. However most retail investors sat on the sidelines in anticipation of an inflation report that could be the starting line for rate cuts to be back on the table for this year. Let’s take a look at how our indexes did:
The S&P500 closed just above its flat line
The Nasdaq Composite moved about 0.2%
The Dow Jones Industrial Average snapped its 8 day winning streak shedding about 0.2%
RoaringKitty’s return to X put meme-stocks on the table today and made some of our biggest market movers on the day. shares saw a 74% jump as the game company headlined the market again today. also closed with a high of 80% heading into market close, where people like PeloSwing & Zack Morris have been preaching about the stock going above $3.50 since late April, where members of FU Money Club & PeloSwing VIP saw returns of 274% on call outs today alone 🤯.
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In corporate news, OpenAI has launched a faster and cheaper version of its artificial intelligence model, GPT-4o, which underpins its chatbot, ChatGPT. The new model is two times faster and more efficient, allowing for real-time handling of text, audio, and images. It can respond to voice queries with audio responses in milliseconds, enabling more fluid conversations. The update brings features previously limited to paid subscribers to free users, including web search, voice interactions, and storing details for future recall. The release is expected to shake up the AI landscape, where GPT-4 remains the gold standard. OpenAI’s CEO, Sam Altman, described the new model as feeling “viscerally different” and “like AI from the movies.” The company is working on a range of products, including voice technology, video software, and a search feature for ChatGPT.
Neurotechnology and AI: The Future of Healthcare and Privacy 🤝
Neurotechnology using artificial intelligence is revolutionizing healthcare by enabling people with debilitating diseases to communicate in ways that were previously impossible. Companies like Synchron, backed by Jeff Bezos and Bill Gates, are developing implantable devices that interpret brain signals and translate them into words or physical commands. The market for neurotech devices is projected to reach $55 billion by 2032, attracting Big Tech companies like Meta and Apple to invest in research. However, experts warn that this technology could put our most valuable data – the privacy of our thoughts – at risk.
Companies like Neuralink, founded by Elon Musk, and Meta are developing brain-computer interfaces (BCIs) that can decode thoughts and perceptions without requiring invasive surgery. While the technology has the potential to empower patients, it also raises concerns about privacy and the potential for misuse. Neurotech advocates are pushing for legislation to safeguard mental privacy, arguing that our thoughts are the last piece of data we have left to ourselves.
The development of neurotech has sparked a debate about the implications of Big Tech companies having access to people’s thoughts. Experts like Nita Farahany and Dr. Rafael Yuste are advocating for neurorights legislation to protect mental privacy, while companies like Meta and Apple are pushing forward with their research. As the technology advances, it’s essential to consider the ethical implications and ensure that our most private thoughts remain protected.
