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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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Article of the week

This week, we dive into a thought-provoking article titled "7 Questions to Ask Yourself When You Are 40," which explores the pivotal self-reflections necessary as you enter middle age. The article highlights the importance of confronting past regrets and missed opportunities, urging readers to use these reflections as lessons rather than lingering on them. It emphasizes aligning daily actions with your core values and purpose, making sure that your life decisions reflect what truly matters to you. The piece also invites readers to recognize their unique skills and qualities, considering how they can be used to positively impact others.

Moreover, it provides practical advice on crafting an ideal daily routine that supports both personal growth and fulfillment. By contemplating your legacy, the article encourages you to think about the values and contributions you wish to leave behind. Ultimately, these seven questions serve as a guide to help you navigate the complexities of life after 40, ensuring that your journey is purposeful, reflective, and deeply fulfilling. This article is a must-read for anyone at this life stage, offering valuable insights for a more intentional and meaningful future.

Investing and Finance

Welcome to this week's newsletter, where we dive into the latest developments shaping our world. From tech giants' AI endeavors to personal finance insights, we've got a diverse range of topics to explore. Amazon's AI partnership with Anthropic has caught the attention of UK regulators, signaling increased scrutiny in the rapidly evolving AI landscape. Meanwhile, inspiring stories of entrepreneurship emerge, with one 42-year-old former corporate employee now running a lucrative side hustle that brings in over $1.7M annually.

However, financial success doesn't always equate to peace of mind, as evidenced by a couple earning up to $70,000 monthly yet still feeling financially stressed. In the entertainment industry, Paramount announces significant job cuts and a substantial write-down, reflecting ongoing challenges in the sector. On a brighter note, TSMC reports a remarkable 45% jump in July sales, driven by strong demand for AI chips. We'll also examine why even high-earning millennials may feel financially strained and explore the current state of the "Magnificent Seven" stocks.

As we delve into Americans' perceptions of financial comfort and retirement needs, we'll consider expert opinions on these ambitious targets. With 41% of survey respondents viewing the American Dream as out of reach, we'll look at alternative definitions of success. Finally, we'll touch on the fascinating story of the world's oldest bank and its impact on an entire city, before wrapping up with a look at historical US asset class returns. Let's embark on this week's journey through the worlds of finance, technology, and personal development.

1. Amazon's AI Partnership with Anthropic Under Investigation by UK Regulators - Read more

2. 42-year-old left corporate job and built a side hustle - now she works as little as 3 hours a week, brings in over $1.7M a year - Read more

3. Couple earns up to $70,000 a month, still feels stressed about money: ‘We’re not broke, but it feels like we are’ - Read more

4. Paramount To Cut 2,000 Jobs, Posts $6B Write-Down - Read more

5. TSMC July Sales Jump 45%, Buoyed by Strong AI Chip Demand - Read more

6. Millennial couple making $230,000 will ‘constantly feel poor’ unless they change their habits, says money expert - Read more

7. Can the 'Magnificent Seven' Stocks Rebound From Their Longest Slump in Years? - Read more

8. To feel ‘comfortable,’ Americans think they need a $233,000 salary and nearly $1.3 million for retirement. Here’s what experts say - Read more

9. 41% say the American Dream is impossible to reach now, survey finds - how they define success instead - Read more

10. How the world’s oldest bank brought a city to its knees - Read more

11. US historical asset class returns - Read more

Crypto News

Welcome to this week's crypto-focused newsletter, where we unpack the latest developments in the dynamic world of digital assets. July saw a significant uptick in crypto trading volumes, with the market reaching a staggering $4.94 trillion - a 19% increase that signals renewed investor interest. In a landmark move, Russia has officially legalized Bitcoin and cryptocurrency mining, potentially reshaping the global mining landscape. The long-running saga of FTX's legal troubles seems to be drawing to a close, with a judge approving a massive $12.7 billion settlement between the exchange and the CFTC.

Cardano (ADA) has been making waves, experiencing a remarkable 69% surge in trading volume. Meanwhile, the extradition case of Terraform Labs co-founder Do Kwon continues to unfold, with a Montenegrin court once again postponing the decision. In an intriguing development, one of crypto's wealthiest investors is reassessing their multi-million dollar Ethereum bet against wrapped Bitcoin. Despite the broader market slowdown, crypto startups have managed to attract significant venture capital funding, demonstrating continued faith in the sector's potential.

Ripple is making strides in the stablecoin arena, initiating beta testing for its new offering (RLUSD) on both the XRP Ledger and Ethereum. On the legal front, Celsius is casting a wide net with lawsuits targeting various entities, including Tether and even relatives of political figures. A cautionary tale emerges from a user's costly mistake, highlighting the importance of transaction vigilance in the crypto space. Lastly, the IRS has updated its crypto tax form, notably removing the requirement for wallet address disclosure. Join us as we delve deeper into these stories and their implications for the evolving cryptocurrency landscape.

1. Crypto trading volumes surge 19% in July, hitting $4.94 trillion - Read more

2. Russia legalizes Bitcoin and cryptocurrency mining - Read more

3. Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end - Read more

4. Cardano (ADA) Skyrockets in Volume at 69% Milestone - Read more

5. Montenegrin court once again postpones Do Kwon's extradition to South Korea - Read more

6. 5th richest crypto investor revaluates his multi-millionaire ETH bet against wBTC - Read more

7. Crypto Startups Raised More VC Money in Midst of Market Slowdown - Read more

8. Ripple Begins Beta Testing of Its New Stablecoin (RLUSD) on XRPL and Ethereum - Read more

9. Celsius targets Tether, Badger DAO, Compound, and Netanyahu's niece and nephew in lawsuits - Read more

10. Crypto user fat fingers $90K fee for a $2K ETH transfer - Read more

11. IRS Updates Crypto Tax Form, Drops Wallet Address Requirement - Read more

Artificial Intelligence

Welcome to this week's AI-focused newsletter, where we explore the latest advancements and developments in artificial intelligence. SoundHound's recent acquisition of Amelia AI for $80 million marks a significant move in the industry, especially considering Amelia's previous fundraising success. In the realm of national security, Palantir and Microsoft have joined forces to enhance analytics and AI services for classified networks. The potential of AI in healthcare continues to grow, with new predictive capabilities for 3D structures of receptors aiding in drug development.

Nvidia's partners have indirectly confirmed a delay in the Blackwell B200 GPU, offering alternatives to interested parties. On the philanthropic front, OpenAI's Sam Altman has been quietly supporting basic income initiatives. The AI landscape is evolving, with smaller, more cost-effective models gaining traction alongside their larger counterparts. For those looking to expand their AI knowledge, we highlight five free courses offering certifications in 2024. Google faces scrutiny for promoting AI apps capable of creating nonconsensual nude images, raising ethical concerns in AI development.

In the corporate world, JPMorgan Chase is implementing an AI assistant powered by OpenAI technology to support its employees. A new startup is tackling the issue of AI-generated content origins, developing methods to trace outputs back to their sources. Google Meet users will soon benefit from AI-powered note-taking capabilities during calls. Lastly, scientists are hopeful that a new supercomputing network could pave the way for AGI, with the first node expected to come online in the near future. Join us as we delve deeper into these fascinating developments shaping the future of AI.

1. SoundHound acquires Amelia AI for $80M after it raised $189M+ - Read more

2. Palantir and Microsoft Partner to Deliver Enhanced Analytics and AI Services to Classified Networks for Critical National Security Operations - Read more

3. AI predicts 3D structures of receptors for drug development - Read more

4. Nvidia partners indirectly confirm Blackwell B200 GPU delay - offer interested parties liquid-cooled H200 instead - Read more

5. Sam Altman Has Been Quietly Giving Out Money for Basic Income - Read more

6. In AI, Smaller, Cheaper Models Are Getting Big Attention - Read more

7. 5 Free AI Courses With Certifications In 2024 - Read more

8. Google Caught Taking Money to Promote AI Apps That Create Nonconsensual Nudes - Read more

9. JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI - Read more

10. New Startup Analyzing AI Outputs to Find Out Where They're Stolen From - Read more

11. Good news - your Google Meet call will soon be able to take notes for you - Read more

12. New supercomputing network could lead to AGI, scientists hope, with 1st node coming online within weeks - Read more

Top Article Picks this week

This week's newsletter is packed with thought-provoking reads and practical advice to help you navigate various aspects of life with more awareness and intention. If you're wondering how much time you should be spending outdoors for optimal well-being, the ‘20-5-3’ rule might be just what you need to break free from indoor confinement. On a different note, ever pondered why New York City halted its subway expansion? We delve into the reasons behind this significant urban development shift. In a digital age where our online history can sometimes come back to haunt us, learn how to locate and delete your oldest social media posts for a cleaner digital footprint. Speaking of the digital world, smaller dating apps are giving giants like Hinge and Bumble some serious competition - find out which ones are shaking up the scene.

For the scientifically curious, there's an intriguing piece on how physicists have traced the quantum origins of the greenhouse effect, providing deeper insights into climate science. If you're perplexed by the financial outlook of younger generations, explore how Gen Z's relationship with money has become increasingly nihilistic. And for those grappling with anxiety, discover why it might have more in common with exercise than you think. As we continue our focus on mental and emotional well-being, we also highlight the importance of helping your child find their "thing," and the nine habits that can boost your energy levels.

Fans of the film Inside Out will appreciate a deep dive into how the movie and its sequel have influenced modern therapy practices. On the practical side, we’ve got tips on how to extend your car’s lifespan beyond 200,000 miles. Water, though seemingly simple, holds many mysteries - learn why it's scientifically weird. Plus, arm yourself with knowledge about three non-obvious signs of drowning that every adult should recognize. Rounding off the newsletter, we reflect on how humanity has altered its relationship with food over time and offer a gentle nudge: if you’re missing an old friend, perhaps it’s time to reach out.

1. The ‘20-5-3’ Rule Prescribes How Much Time You Should Spend Outside (Reading time: 6 min) - Read here

2. Why New York City Stopped Building Subways (Reading time: 12 min) - Read here

3. How to find your oldest social media posts and delete them (Reading time: 5 min) - Read here

4. Meet the smaller dating apps giving Hinge and Bumble a run for their money (Reading time: 4 min) - Read here

5. Physicists Pinpoint the Quantum Origin of the Greenhouse Effect (Reading time: 8 min) - Read here

6. How Gen Z became so nihilistic about money (Reading time: 6 min) - Read here

7. Anxiety Is Like Exercise (Reading time: 6 min) - Read here

8. How To Help Your Kid Find Their “Thing” (Reading time: 10 min) - Read here

9. The Nine Habits to Increase Your Energy (Reading time: 6 min) - Read here

10. How ‘Inside Out’ and Its Sequel Changed Therapy (Reading time: 10 min) - Read here

11. How to Make Your Car Last 200,000 Miles and More (Reading time: 10 min) - Read here

12. Why Water Is Weird (Reading time: 4 min) - Read here

13. 3 Non-Obvious Signs of Drowning That Every Adult Should Know (Reading time: 5 min) - Read here

14. How Humanity Has Changed the Food It Eats (Reading time: 10 min) - Read here

15. Missing a friend from the past? You should reach out. (Reading time: 10 min) - Read here

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Book of the week

"Twelve Pillars" is a captivating novel that blends timeless principles of success with an engaging narrative. The story follows Michael Jones, whose chance encounter with the estate caretaker, Charlie, leads to a life-changing relationship and the discovery of the "Twelve Pillars of Success" that have propelled the wealthy owner, Mr. Davis, to greatness.

Through this fictionalized account, the authors skillfully weave together Jim Rohn's renowned teachings on personal development, goal-setting, relationships, and leadership. Readers are taken on a journey of self-discovery, challenged to reflect on their own lives and the steps they can take to reach their full potential.

One of the book's strengths lies in its ability to present profound insights in an accessible, relatable manner. The characters and their interactions bring the principles to life, making them feel both inspirational and actionable. The "Twelve Pillars" themselves, ranging from physical health to legacy-building, provide a comprehensive framework for personal and professional growth.

With a 4.8-star rating on Amazon and a 4.4 on Goodreads, "Twelve Pillars" has clearly resonated with a wide audience. Its blend of storytelling and timeless wisdom is a testament to the collaborative efforts of Jim Rohn and Chris Widener. This book is a must-read for anyone seeking to unlock their full potential and create a life of purpose and prosperity.

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