Grow Smart Income - week 24, 2024

What happened this week?

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Good day valued readers,

We hope this week's carefully curated selection of news finds you well. In this edition, we cover the latest developments across investing, finance, crypto, AI, and other topics to help you stay informed.

As always, our goal is to provide you with a professional, unbiased roundup of noteworthy news to augment your understanding of what's happening in the world. We take pride in hand-selecting articles from trustworthy sources across a diverse range of industries.

Please enjoy this week's newsletter. We're grateful for the opportunity to share these insights with you and look forward to continuing to be a valuable resource.

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Quote of the week

Investing and Finance

Starbucks partners with Grubhub for home delivery, catering to consumer convenience. Salesforce plans to open its first AI center in London, tapping into the city's tech talent pool. A 14-year-old prodigy completed high school and college in 3 years while running 2 companies, attributing video games as part of his routine. Sweden's stock market has become the envy of Europe, showcasing resilience amid global economic challenges. Nvidia's 10-for-1 stock split on Friday garnered attention from investors.

The ECB rate cut boosted European stocks and Europe-focused ETFs in the US. A 26-year-old earned $11,000 in 100 days through over a dozen side hustles, advising diversification. ICQ, the pioneering instant messaging service, is shutting down after almost 28 years. The U.S. added 600,000 new millionaires last year, fueled by AI-driven market growth. While Nvidia completed its 10-for-1 stock split, some remain cautious about investing in the AI titan.

  1. Starbucks Teams With Grubhub for Home Delivery - Read more

  2. Salesforce Plans To Open Its First AI Center in London - Read more

  3. 14-year-old finished high school and college in 3 years while running 2 companies - why video games are part of his routine - Read more

  4. How Sweden’s stock market became the envy of Europe - Read more

  5. What You Need To Know Ahead of Nvidia's 10-for-1 Stock Split on Friday - Read more

  6. ECB Rate Cut Boosts European Stocks and These Europe-Focused ETFs in the US - Read more

  7. 26-year-old made $11,000 in 100 days from more than a dozen side hustles - her No. 1 piece of advice - Read more

  8. ICQ is shutting down after almost 28 years - Read more

  9. The U.S. added 600,000 new millionaires last year as AI fueled markets - Read more

  10. Nvidia Has Completed Its 10-for-1 Stock Split: Here's Why I'm Still Not Touching This Artificial Intelligence (AI) Titan With a 10-Foot Pole - Read more

  11. More People Than Ever Say It’s a Bad Time To Buy a House - Read more

  12. TSMC’s May Sales Rise 30% as Countries Race to Secure AI Chips - Read more

  13. Recession' Talk Fades as Companies Shrug Off Higher Interest Rates - Read more

  14. How Much Money Is ‘Enough’? Try This Experiment to Get an Exact Number to Aim For - Read more

  15. AMD Downgraded by Morgan Stanley on Concerns About AI Expectations - Read more

“I don’t like to gamble, but if there’s one thing I’m willing to bet on, it’s myself.”

Beyoncé

Crypto News

Crypto exchange Kraken is in talks for a pre-IPO funding round, signaling growing investor interest. Japanese crypto exchange DMM Bitcoin outlines a plan to cover over $300 million in losses from a hack. A former MIT professor and Morgan Stanley employee convinced high-profile investors like Bill Ackman to back his $200 million crypto fund in his early 30s, but his future is now uncertain. Rapper Iggy Azalea's "memecoin" made $194 million in one week, showcasing the lucrative potential of crypto.

Cardano founder Charles Hoskinson predicts a June hard fork will boost ADA's value. The USDV stablecoin is experiencing rapid expansion. Crypto inflows hit $2 billion last week, totaling $4.3 billion over 5 weeks. MicroStrategy CEO Michael Saylor announced details on the amount of Bitcoin ETFs held by companies. The first data arrived from Bitcoin and Ethereum ETFs approved in the UK. Ripple penned a deal with Georgia's central bank to revolutionize the economy, potentially driving XRP to $3.

  1. Crypto Exchange Kraken Is in Talks for Pre-IPO Fund Raising Round - Read more

  2. Japanese crypto exchange DMM Bitcoin outlines funding plan to cover over $300 million in hack losses - Read more

  3. He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his $200 million crypto fund by his early 30s. His future is now in jeopardy - Read more

  4. Iggy Azalea is cashing in on crypto, as her ‘memecoin’ makes $194 million in one week - Read more

  5. Cardano Hype Train Departs – Hoskinson Predicts June Hard Fork To Boost ADA - Read more

  6. USDV Stablecoin Expands Rapidly - Read more

  7. Crypto inflows hit $2b last week, pushing 5-week total to $4.3b - Read more

  8. MicroStrategy CEO Michael Saylor Announces the Amount of Bitcoin ETFs Companies Hold! Here are the Details - Read more

  9. First Data Arrived from Bitcoin and Ethereum ETFs Approved in the UK! - Read more

  10. $3 XRP Price Beckons As Ripple Pens Deal With Georgia’s Central Bank To Revolutionize Economy - Read more

“Be courageous. Challenge orthodoxy. Stand up for what you believe in. When you are in your rocking chair talking to your grandchildren many years from now, be sure you have a good story to tell.”

Amal Clooney

Artificial Intelligence

Bumble's founder predicts the future of dating will involve AI assistants matching people based on compatibility between their respective AIs. Meta's WhatsApp is adding an AI assistant for businesses to improve customer service. Social app Cara rapidly grew to 650k users in a week as creatives seek alternatives to Meta's AI policies. Elon Musk's AI startup Anthropic plans to build a multibillion-dollar supercomputer in Memphis. Experts warn the "gold rush" for chatbot training data could exhaust human-written text sources by 2026.

Scientists leverage AI to interpret animal vocalizations like dog barks. Meta developed an AI translation model for overlooked languages. An AI-powered humanoid robot toured the Great Wall of China, showcasing advances in robotics. Debates continue on whether AI will lead to a utopian or dystopian future for humanity. The war for AI talent is intensifying as companies compete for skilled workers. A former OpenAI director cautions about potential misuses of AI beyond physical harm.

  1. Bumble Founder Says Future of Dating Is Your AI Will Date Other People's AIs and Hook You Up With the Best Matches - Read more

  2. Meta’s WhatsApp Is Adding a New AI Assistant for Businesses - Read more

  3. A social app for creatives, Cara grew from 40k to 650k users in a week because artists are fed up with Meta’s AI policies - Read more

  4. Elon Musk’s AI startup plans to build multibillion-dollar supercomputer in Memphis - Read more

  5. AI ‘gold rush’ for chatbot training data could run out of human-written text as early as 2026 - Read more

  6. LORIS robustly predicts patient outcomes with immune checkpoint blockade therapy using common clinical, pathologic and genomic features - Read more

  7. Scientists enlist AI to interpret meaning of barks - Read more

  8. Meta’s AI translation model embraces overlooked languages - Read more

  9. Humanoid tourist: Watch AI-powered robot climb the Great Wall of China - Read more

  10. The AI paradox: Path to utopia or dystopia? - Read more

  11. The war for AI talent is heating up - Read more

  12. Former OpenAI Director Warns There Are Bad Things AI Can Do Besides Kill You - Read more

“Stay close to anything that makes you glad you are alive.”

Hafez

Top Article Picks this week

Electric toothbrushes offer benefits, but proper brushing technique is most crucial for oral health. A leading neurosurgeon shares simple tips to protect brain function as you age. Avoiding certain verb phrases can help project a stronger, more confident communication style regardless of job title. Drone technology is rapidly being adopted by police departments, ushering in a new era of surveillance. Evidence suggests humans are biologically wired for endurance running, making it a natural form of exercise.

Little-known secret societies have existed throughout history, shrouded in mystery and intrigue. Economic gains in the U.S. have contributed to global pain felt by other nations. The recent EU election results yielded several key takeaways about the shifting political landscape. Neuroscience research reveals strategies for having more engaging and meaningful conversations. The story of two physicists who challenged conventional quantum theory and reshaped our understanding of the field.

  1. Electric Toothbrushes Are Better. But the Right Technique Matters More. (Reading time: 4 min) - Read here

  2. A Top Neurosurgeon Reveals His Simple Tips for Protecting Your Brain as You Age (Reading time: 6 min) - Read here

  3. Six Verbs That Make You Sound Weak (No Matter Your Job Title) (Reading time: 4 min) - Read here

  4. The Age of the Drone Police Is Here (Reading time: 25 min) - Read here

  5. Why You (Yes, You) Were Born to Run (Reading time: 6 min) - Read here

  6. Eight Secret Societies You Might Not Know (Reading time: 10 min) - Read here

  7. American gain, global pain (Reading time: 10 min) - Read here

  8. 5 things to know about the EU election results (Reading time: 2 min) - Read here

  9. The Science of Having a Great Conversation (Reading time: 15 min) - Read here

  10. How Two Rebel Physicists Changed Quantum Theory (Reading time: 12 min) - Read here

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“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

Albert Einstein

Book of the week

Richard Dawkins, one of the world's most prominent atheists and evolutionary biologists, presents a compelling case against belief in God in his book "The God Delusion." He systematically dismantles the major arguments for religion, asserting that belief in God is not only irrational but also potentially harmful to society. Dawkins examines various concepts of God, from the tyrannical deity portrayed in the Old Testament to the more benign "Watchmaker" favored by some Enlightenment thinkers. With his characteristic wit and intellectual rigor, he demonstrates the supreme improbability of an all-powerful, all-knowing supreme being.

The book provides a historical perspective on how religion has fueled wars, bigotry, and child abuse, citing contemporary and historical evidence. Dawkins argues that religion is a divisive force that hinders progress and fosters ignorance. He contends that embracing atheism and a scientific worldview offers a clearer, truer appreciation of the universe's wonders than any faith could provide. While some may find his arguments provocative or even offensive, Dawkins presents a well-reasoned and thought-provoking critique of religious belief.

"The God Delusion" is a must-read for anyone interested in the ongoing debate between science and religion. Dawkins' clear and accessible writing style makes complex philosophical and scientific concepts accessible to a wide audience. The book has been both praised and criticized for its uncompromising stance on atheism and its dismissal of religious belief as a delusion. Regardless of one's personal beliefs, "The God Delusion" offers a stimulating intellectual journey and challenges readers to question long-held assumptions.

Dawkins' arguments are supported by extensive research and references, making the book a valuable resource for those seeking a scientific perspective on religion. While some may disagree with his conclusions, few can deny the depth of Dawkins' knowledge and the force of his logic. "The God Delusion" has sparked intense debates and discussions worldwide, cementing Dawkins' reputation as a leading voice in the atheist movement. Whether you agree or disagree with his views, this book is a thought-provoking and engaging read that will likely challenge your beliefs and perspectives.

“You do not find the happy life. You make it.”

Camilla Eyring Kimball

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