From Spacewalks to Market Moves: Major Events You Can’t Miss!
Today's ThirdSpace Buzz unpacks groundbreaking events shaping our world, from the stars to the stock markets.
In today's edition, we delve into the remarkable achievements in space exploration, vital advancements in AI governance, and critical shifts in the financial markets. Stay informed and ahead with our curated insights and updates tailored for intelligent decision-making.
Historic private spacewalk by Jared Isaacman
New AI safety hotline to mitigate risks
Discovery of dense structures on Mars
Sanctions on Intellexa for Predator spyware
Progress in India's tech sector with Lenovo
Market movements ahead of Federal Reserve decision
Let’s explore these pivotal developments in detail and understand their implications for the future
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📰 Feature Articles
Jared Isaacman Leads First Private Spacewalk in Historic Mission
Billionaire Jared Isaacman made history as the first private individual to complete a spacewalk during SpaceX's Polaris Dawn mission. The mission aimed to test a new line of spacesuits and saw Isaacman and SpaceX engineer Sarah Gillis perform mobility tests outside the Dragon capsule. The spacewalk, one of the riskiest ventures SpaceX has undertaken, took place without a safety airlock, and both participants used minimal tethering. This milestone signifies a leap forward in private space exploration, with hopes of future ventures to the moon and Mars. (Sky)
AI Safety Hotline: A Critical Step to Prevent Future Risks
As AI models become more advanced, existing risk mitigation strategies are proving inadequate. One proposed solution is the creation of an AI safety hotline, allowing employees to voice concerns informally before escalating to formal channels. This system would offer neutral, expert feedback, helping workers assess the severity of potential risks. Inspired by ombudspersons in other industries, such a hotline could improve safety governance and serve as a critical intermediary in AI development, providing a low-stakes option for raising concerns. (Technology Review)
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🗞️ In Other News
Mars' gravity mapping reveals hidden dense structures, suggesting potential volcanic activity. (Futurism)
The U.S. Treasury imposed new sanctions on the Intellexa Consortium for spreading Predator spyware. (Cyber Scoop)
Future "smell phones" could use scent cartridges to mix and emit various smells during calls. (FastCompany)
As faulty decryptors often fail, paying a ransomware demand doesn't guarantee data recovery. (The Register)
Lenovo has begun producing AI servers in India, boosting the country's growing tech sector. (Business Standard)
Researchers suggest that cracking the brain's "neural code" could unlock the creation of superhuman AI. (BGR)
HIPAA fines doubled in 2023 due to stricter enforcement and AI integration challenges in healthcare. (HIT Consultant)
OpenAI’s new AI model, Strawberry, is powerful but raises concerns due to its ability to deceive. (Vox)
Apple dropped its lawsuit against NSO Group due to concerns about exposing sensitive security data. (Security Week)
Neuralink's FDA clearance for its "breakthrough device" doesn't equate to a cure for blindness, despite Musk's claims. (TechCrunch)
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📈 Market Updates
Stocks were mostly flat on Tuesday as investors awaited the Federal Reserve’s rate decision, which is expected today. The Dow Jones and S&P 500 fell by about 0.2%, while the Nasdaq ended slightly higher. Uncertainty loomed over whether the Fed would implement a 0.5% or 0.25% rate cut, with a higher likelihood of a larger reduction. Retail sales data from August exceeded expectations, adding complexity to the prediction. Intel gained from a deal with Amazon, and Microsoft announced a $60 billion share buyback and a 10% dividend increase, boosting tech stocks. (Yahoo! Finance)
The upcoming Federal Reserve meeting is stirring uncertainty over the size of the expected rate cut, with some experts advocating for a larger reduction while others prefer caution. The meeting is crucial as it will include updates on future economic forecasts, such as unemployment and inflation projections, along with the “dot plot” for future rate expectations. This decision, set for Wednesday afternoon, could significantly influence market direction. (CNBC)
U.S. retail sales rose 0.1% in August, beating expectations, driven by strong online sales despite declines in auto dealerships. Core retail sales, excluding categories like autos and gasoline, increased by 0.3%, reflecting steady consumer demand. Strong retail and manufacturing growth and low unemployment point to economic resilience. The Atlanta Fed raised its Q3 GDP growth estimate to 3.0%. Most economists expect a cautious 25-basis-point rate cut due to the stable labor market and robust economy. (Reuters)
Today
Important economic events to watch:
Wednesday, September 18
8:30 AM: Building Permits
8:30 AM: Housing Starts
10:30 AM: Crude Oil Inventories
2:00 PM: Federal Funds Rate Decision
2:00 PM: FOMC Economic Projections
2:00 PM: FOMC Statement
2:30 PM: FOMC Press Conference
😎 Good Reads and Writers
Financial Freedom is not free, but the treasure is worth the pursuit! Learn to manage your own wealth. Substack Featured 3x. (Not Your Advisor x NYUGrad)
Independent Investment Researcher & Investor. Differentiated reports, deep dives, trading ideas, charts and educational topics. Risk management & hedging for an all weather portfolio. (Maverick Equity Research)
Weekly analysis of QQQ and financial charts. This is not investment advice, always do your own due diligence. (QQQ notes)
📘 Useful Tools and Resources
Equip your business for success with Acer's essential laptops, desktops, monitors, and accessories. (Acer)
Dose for Excel enhances your Excel with over 100 new features and functions to boost productivity. (Dose for Excel)
Remixable automates all the key steps to running a successful Internet business. (Remixable)
Sqribble is the all-in-one fast & easy solution for Ebooks. (Sqribble)
🎉 Speakers and Events
How To Increase Sales During Uncertain Times September 23, 2024 (SCORE)
Global Startup Accelerator + Showcase September 16 - March 28 (Emerge)
AI AI Boston October 16 - 18, 2024 (AI Accelerator Institute)
LEVEREDGE 2024 October 1 - 3, 2024 (Refresh Miami)
Ai Tech meets Real Estate Utility Conference October 10, 2024 (DTV)
1909 Seaside Soiree Gala November 1, 2024 (1909)
Global Investment Forum Canada November 5 - 6, 2024 (Mercer)
Technology Leadership Summit December 16 - 18, 2024 (DA Leadership Institute)
✅ Interactive Poll
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🤟 Closing Remarks
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