> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐Ÿค– AI Stock Index Up 46%. $165M+ VC Funding. - URL: https://newsletters.qs.com/ai-stock-index-up-46-165m-vc-funding/ - Published: 2024-06-17T12:05:55.000Z - Updated: 2024-06-21T12:40:43.000Z - Description: Impact Capital Markets #116 looks at our AI Stock Index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Pรซrshรซndetje**](https://en.wikipedia.org/wiki/Albanian%5Flanguage?ref=newsletters.qs.com) ๐Ÿท ๐Ÿ“‰ **Today's Global Economic Update:** China's retail sales, a key indicator of household spending, surpassed expectations in May, [rising by 3.7% year-on-year ](https://tradingeconomics.com/china/retail-sales-annual?ref=newsletters.qs.com)and exceeding the anticipated 3% increase. However, industrial output fell short of expectations, and property sales disappointed, increasing calls for more government support for the economy. ๐Ÿ’Š **Deal of the Day:** Enveda Biosciences, a Colorado-based biotechnology company using AI to develop new medicines, raised a [$55M Series B](https://techcrunch.com/2024/06/14/enveda-raises-55m-to-combine-ancient-remedies-with-ai-for-drug-discovery/?ref=newsletters.qs.com) to expand operations. **What's New?** ๐Ÿค– **Artificial Intelligence.** AI Index up 46% **๐Ÿ’ฐ Funding.** Biotechnology, autonomous driving, and advanced medicine ๐Ÿ’ผ **M&A.** Kauhale Health acquisition of The Parker ๐Ÿ“… **Economics.** Australia interest rate decision, US retail sales, major inflation data + more ## ๐Ÿค–Artificial Intelligence Index Up 46% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/06/HolonIQ_HolonIQ_Artificial_Intelligence_HIQAI_HCH0M5R4BAYCO56MPKLI.png) HolonIQโ€™s Artificial Intelligence index is up more than 45% Year-on-Year and has risen 12% in the past three months, fueled by widespread AI adoption across industries and advancements in the chip sector. In March, the European Parliament passed the AI Act, hailed as the world's first broad legal framework for artificial intelligence, signaling a positive outlook for the sector. Apple ($3.26T MCap) has reclaimed its position as the worldโ€™s largest company based on MCap, narrowly surpassing Microsoft. New AI features, such as Apple's digital assistant Siri's expanded capabilities, announced at their developer conference, have contributed to Apple's recent success. Microsoft ($3.29T MCap) and OpenAI are reportedly planning to build a $100B supercomputer with millions of specialized server chips, aiming to advance AI capabilities significantly. These developments in the AI sector have positively impacted major stocks, with Apple, Microsoft, and NVIDIA ($3.24T MCap) showing impressive 3-month returns of 22%, 6%, and 49%, respectively. This robust performance has helped drive the overall stock index upward. Investor confidence and increased government support for technology and innovation are also expected to sustain this growth trajectory. ## **๐Ÿ’ฐ** Funding ## ๐Ÿ’Š **Enveda Biosciences**, a Colorado-based biotechnology company using AI to develop new medicines, raised a [$55M Series B](https://techcrunch.com/2024/06/14/enveda-raises-55m-to-combine-ancient-remedies-with-ai-for-drug-discovery/?ref=newsletters.qs.com) to expand operations. ๐Ÿš— **TIER IV**, a Japanese developer of open-source software for autonomous driving systems, raised a [$54M Series B](https://www.prnewswire.com/news-releases/tier-iv-secures-additional-54-million-in-series-b-funding-deploying-level-4-autonomous-driving-systems-across-japan-302173688.html?ref=newsletters.qs.com) to deploy their technology. ๐Ÿ”ฌ **Advanced Medicine Partners**, a North Carolina-based developer of advanced medicines, raised [$32M](https://www.finsmes.com/2024/06/advanced-medicine-partners-raises-additional-32m.html?ref=newsletters.qs.com) from Deerfield Management to expand operations. ## **๐Ÿ’ผ** M&A ## ๐Ÿฅ **Kauhale Health**, an Ohio-based healthcare company, [acquired](https://www.prnewswire.com/news-releases/kauhale-health-acquires-upstate-south-carolina-almc-community-302173001.html?ref=newsletters.qs.com) The Parker, a Greenville-based assisted living and memory care facility. ## **๐Ÿ“…** Economic Calendar Australia Interest Rate Decision, US Retail Sales, Major Inflation Data + More ### Tuesday, June 18th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Interest Rate Decision](https://rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany ZEW Economic Sentiment Index, June](https://www.zew.de/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Retail Sales Data, May](https://www.census.gov/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Balance of Trade, May](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Wednesday, June 19th 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK Inflation Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com) ### Thursday, June 20th 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Building Permits (Preliminary), May](https://www.census.gov/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Data, May](https://www.stat.go.jp/?ref=newsletters.qs.com) ### Friday, June 21st 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK Retail Sales Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI (Flash), June](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ### Monday, June 24th 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate, June](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, June 25th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Westpac Consumer Confidence Change, June](https://www.westpac.com.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Inflation Rate, May](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ### Wednesday, June 26th 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence, July ](https://www.gfk.com/de/home?ref=newsletters.qs.com) ### Thursday, June 27th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders, May](https://www.census.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Rate, Q1](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, June 21st 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Rate (Preliminary), June](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Rate (Preliminary), June](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index, May](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending, May](https://www.bea.gov/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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