Sponsored by

Stay up-to-date with AI.

The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news and learning how to apply it.

Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.

Sign up with one click.

Public Market Watch 💼

^{Source - https://www.morningbrew.com}

• Markets: Stocks rose yesterday as investors watched Jerome Powell tell lawmakers that he still expects to cut interest rates this year, just not right away. They’ll keep their eyes peeled again today as JPow spends a second day talking to Congress.

• Stock spotlight: It was a roller coaster of a day for troubled regional lender New York Community Bancorp, which fell 40% before soaring back up after announcing it’s getting $1 billion from investors, including ex-Treasury Secretary Steven Mnuchin’s firm.

Market Analysis - Last 7 days

In the last week, the market has been flat. Meanwhile, the market is up 25% over the past year. Earnings are forecast to grow by 13% annually.

^{Source - https://www.simplywall.st/markets/us}

Market Trends and Economic Outlook

US stocks rise after in-line inflation data fuels rate cut hopes

Wall Street's main indexes rose on Thursday as a key inflation metric came in line with estimates, raising hopes of interest rate cuts by the U.S. Federal Reserve in the first half of the year.

A Commerce Department report showed the personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, climbed 0.3% in January month-on-month, as expected. Prices rose 2.4% on a yearly basis, also matching estimates.

Why the US economy needs more immigrants

A recent surge in immigration to the United States, projected to continue through 2026, is expected to have a significant impact on the nation's economy, labor market, and housing sector.

The Congressional Budget Office (CBO) recently released updated projections on the US economy, factoring in a surge in immigration that began in 2022 and is expected to continue through 2026. This increased influx of people is anticipated to have a significant impact on the US economy and labor force.

Conferences

Empire FinTech Conference

April 10, 2024 | New York

Join over 700 attendees for the highlight of New York FinTech Week, the Empire FinTech Conference. Be part of a packed day filled with masterclasses, demos, keynotes, live podcasts, and networking; showcasing the latest in FinTech. Let the future of FinTech exploration begin.

U.S. Fintech Symposium

June 04 - 06, 2024 | Chicago

U.S. Fintech Symposium – a conference reshaping the fintech landscape by hosting conversations about partnerships and growth strategies.

Communities - Let’s Grow Together🌱

SaaStr

Who knew that a simple startup blog about SaaS coupled with some Quora answers would grow into an industry-leading platform? That's exactly what happened with SaaStr, which is now the world's largest community of SaaS executives, entrepreneurs, and leaders. They have one of the biggest podcasts for the platform and also host the SaaStr annual event, the largest event for non-vendors in the San Francisco Bay Area. SaaStr continues to promote ideas for ARR growth with minimal obstacles and smooth success.

CoFoundersLab

Everyone thinks they have a million-dollar idea at some point or another. CoFoundersLab is the largest startup community on the internet dedicated to helping others harness the potential for creating business and revenue with their million-dollar ideas. CoFoundersLab offers entrepreneurs several benefits, including an accountability partner, resources to learn how to pitch and fund to investors, and much more.

Emerging Technology Review

New AI model could streamline operations in a robotic warehouse

By breaking an intractable problem into smaller chunks, a deep-learning technique identifies the optimal areas for thinning out traffic in a warehouse.

Hundreds of robots zip back and forth across the floor of a colossal robotic warehouse, grabbing items and delivering them to human workers for packing and shipping. Such warehouses are increasingly becoming part of the supply chain in many industries, from e-commerce to automotive production.

Using generative AI to improve software testing

Generative AI is getting plenty of attention for its ability to create text and images. But those media represent only a fraction of the data that proliferate in our society today. Data are generated every time a patient goes through a medical system, a storm impacts a flight, or a person interacts with a software application.

Using generative AI to create realistic synthetic data around those scenarios can help organizations more effectively treat patients, reroute planes, or improve software platforms — especially in scenarios where real-world data are limited or sensitive.

Space

Scientists made a 'digital twin' of Earth to simulate possible natural disasters

One lesson I bet we can all remember from grade school is the water cycle. Even if you don't recall precisely what you'd learned, you probably have memories of some sort of video or diagram that was so colorful and creative it made the day feel a little more fun. For some of us (myself included) it's honestly hard to forget. Even in the adult world, it feels neat and simple to think about the three water-cycle components which, pun intended, rinse and repeat: Evaporation, condensation, and precipitation. 

SpaceX launches 23 Starlink satellites during 3rd launch in under 24 hours

SpaceX is keeping its rapid launch cadence going. The company launched yet another batch of 23 Starlink internet satellites at 6:56 p.m. ET on Monday, March 4th from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida. Some eight minutes after liftoff, the flight's booster returned to the planet, landing on SpaceX's droneship dubbed "A Shortfall of Gravitas." The ship was waiting offshore in the Atlantic Ocean.

The Crypto State

Bitcoin’s Market Value Touches Record as Token’s Price Nears All-Time High

Bitcoin’s price is in sight of an all-time high and the crypto faithful are on tenterhooks waiting for a never-before-seen level. But in market value terms the token already touched a record.

The market capitalization of Bitcoin reached $1.35 trillion, scaling the peak of $1.28 trillion in November 2021, CoinGecko data show. That was the month the token jumped to $68,991.85 at the apogee of its pandemic-era bull run.

Marketmind: Apple angst, Tesla tanks, Bitcoin balks

A look at the day ahead in U.S. and global markets from Mike Dolan

Has the "Magnificent Seven" become the "Famous Five" or even "Fab Four"?

With one eye on the major macro events of the week, Apple and Tesla's separation from this year's tech-infused stock market buoyancy and their underperformance against the other "Magnificent Seven" megacaps has become more pointed.

Startup Spotlight: Pioneering Innovations

Introducing Quantum Machines

Quantum Machines is a startup that develops control and operation systems for quantum computers. Their platform allows researchers and developers to efficiently manage and manipulate qubits, the basic units of quantum information. With quantum computing poised to revolutionize various industries, Quantum Machines is at the forefront of enabling advancements in this cutting-edge technology.

That’s a Wrap

Thank you for your continued loyalty. VedasLabs.io is honored to be delivering the latest news and insights right into your inbox. We have more exciting news to come, and we can’t share it with you!

What is VedasLabs.io again?

VedasLabs.io is a Web 3.0 funding and networking platform that incentivizes an active, global community of founders, mentors, and investors. We envision a world where investment, the exchange of knowledge, and collaboration between investors, issuers, and industry experts are secure, instant, and frictionless.