AI Will Replace Most Humans, But Then What?

Does technology increase employment more or replace more employment? This is a long-standing debate. But recent academic work suggests that technology has been a net destroyer of jobs for decades. The opinions expressed here are those of the author, CEO and co-CIO of Eurizon SLJ Asset Management. Artificial intelligence and robotics could quickly accelerate this…

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Bitcoin holds $110,000, but traders are simply betting $1.15 billion on a crash to $104,000

Bitcoin Institutional traders bet more than $1.15 billion on downside protection in the past 24 hours, with puts accounting for 28% of total market trading even as Bitcoin held more than $110,000. Greeks live reported Trading was concentrated in shallow out-of-the-money puts for this week and month, with a trading range of $104,000 to $108,000…

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AI Storage Without Limits: Exploring the Latest CoreWeave AI Object Storage Expansions

Every iteration of AI innovation faces the same challenge: data. Models are getting faster, more performant, and more compute-intensive, but the infrastructure that supports them hasn’t kept pace. Across clouds, regions and tiers, data remains fragmented, slow and expensive to move. AI teams are forced to duplicate datasets, deal with unpredictable output bills, and design…

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G20 risk watchdog warns of ‘significant gaps’ in global crypto rules

There are “significant gaps” in countries’ attempts to regulate fast-growing crypto markets, which could potentially harm financial stability, the G20 risk watchdog warned on Thursday. THE Financial Stability Board (FSB), an organization founded in the wake of the global financial crisis, has made a series of recommendations on the rules relating to cryptocurrencies in 2023,…

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