AI

South Korean tech giant Samsung Electronics Co., which was expected to capitalize on the booming AI market, has seen a sharp downturn in recent months, highlighted by a 32% stock decline since July and a staggering $122 billion loss in market value, according to an article by Youkyung Lee and Yoolim Lee for Bloomberg News […]

In Alphabet’s recent Q3 2024 earnings call, CEO Sundar Pichai and other executives emphasized how artificial intelligence (AI) is the central pillar supporting Alphabet’s strategic evolution and growth. AI Infrastructure and Cost Efficiency Pichai described Alphabet’s “full stack” approach to AI, highlighting the company’s advanced AI infrastructure, substantial research capabilities, and global reach. Pichai emphasized […]

Coinbase has launched a new framework called “Based Agent” that enables users to create their own AI-powered crypto agent, complete with a wallet on the Base blockchain, in just under three minutes. Coinbase product manager Lincoln Murr, who made this announcement, says this framework is designed to simplify the process of setting up AI agents […]

A Polish radio station, OFF Radio Kraków, has ignited a national debate in Poland by dismissing its journalists and relaunching with AI-generated presenters, according to a report by Vanessa Gera for the Associated Press (AP). The station, located in the southern city of Krakow, announced earlier this week that it was conducting an unprecedented experiment […]

Six months after Bitcoin’s April 2024 halving, cryptocurrency mining firms are facing critical decisions as their revenue has been significantly reduced, according to a report by David Pan for Bloomberg News. The halving, which occurs every four years and halves the reward miners receive for verifying transactions, limits Bitcoin’s supply to help control inflation. This […]

Earlier today, Jamie Dimon, CEO of JPMorgan Chase, shared his thoughts on artificial intelligence (AI), the state of Initial Public Offerings (IPOs), and Federal Reserve policies during an interview with Bloomberg’s Lisa Abramowicz at the JPMorgan Tech Stars Conference in London. Dimon, known for his candid views on global markets, provided a deep dive into […]

During an interview on “Bloomberg The Close” on October 4, Cathie Wood, Co-Founder and CEO of ARK Investment Management, said the Federal Reserve’s rate cut was absolutely not a mistake. She explained that it has been interesting to watch revisions in economic activity, especially the downward revisions in employment numbers, which had been much weaker […]

Two Harvard students recently revealed how combining Meta’s smart glasses with facial recognition software can expose a person’s identity and personal information in seconds, according to a report by Ashley Belanger for Ars Technica. Per her report, AnhPhu Nguyen and Caine Ardayfio modified a pair of Ray-Ban Meta Smart Glasses to integrate them with PimEyes, […]

Sam Altman, the CEO and Co-Founder of OpenAI, shared his vision for the future in a post titled “The Intelligence Age” published on his website on September 23. In his writing, Altman posits that within the next few decades, humanity will achieve feats that would seem like magic to our ancestors. The OpenAI chief argues […]

At the recent All-In Summit 2024, Google Co-Founder Sergey Brin shared his thoughts on the current state of AI and Google’s involvement in advancing this technology. Brin, who recently returned to Google to work on AI, opened by emphasizing his excitement for the “mind-blowing” progress made in the field. He noted that AI has evolved […]

Peter Tuchman is one of the most recognizable stock traders on Wall Street, known for his animated expressions during market swings and his iconic appearance, often drawing comparisons to Albert Einstein due to his distinctive look. Tuchman has been a fixture on the New York Stock Exchange (NYSE) trading floor for nearly four decades, starting […]

On Monday, Apple introduced multiple new products, including four new models of iPhone: iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. Later that day, in an interview with Bloomberg Intelligence, Mark Gurman, Bloomberg’s Chief Correspondent on Global Technology, shared his thoughts on the upcoming release of the iPhone 16 and […]

In an interview with CNBC on September 5, Nemil Dalal, product lead of the Coinbase Developer Platform (CDP), discussed the intersection of artificial intelligence (AI) and cryptocurrency (crypto), describing how Coinbase executed its first AI-to-AI crypto transaction. Dalal noted that AI and crypto are among the most exciting developments in technology today. Crypto’s programmability, which […]

In a recent appearance on CNBC’s “Fast Money,” prominent analyst Gene Munster provided his perspective on Microsoft’s future, focusing particularly on the company’s AI ambitions and how its products are evolving in the tech landscape. Gene Munster is a managing partner and co-founder of Deepwater Asset Management, a firm specializing in growth equity investments, both […]

Coinbase recently shared insights on its blog about the opportunities and challenges presented by Generative AI (GenAI), a transformative technology that includes Large Language Models (LLMs) and other tools like image generation. According to Coinbase, GenAI is revolutionizing various industries by enhancing efficiency and creativity, particularly in sectors like retail, finance, and healthcare. However, it […]

On August 30, during an interview on CNBC’s “Closing Bell Overtime,” Dan Roberts, co-founder and co-CEO of IREN (formerly Iris Energy), discussed the company’s innovative approach to integrating AI with Bitcoin mining. Roberts highlighted how IREN is leveraging its significant data center capacity, powered entirely by renewable energy, to not only mine Bitcoin but also […]

On August 30, Brian Armstrong, Co-Founder and CEO of Coinbase, shared a significant milestone in the integration of AI and cryptocurrency, revealing that Coinbase Development Platform (CDP) had facilitated the first-ever AI-to-AI crypto transaction. In this transaction, one AI purchased tokens from another AI, but these were not traditional cryptocurrency tokens; rather, they were words […]

The U.S. Artificial Intelligence Safety Institute, part of the National Institute of Standards and Technology (NIST) under the U.S. Department of Commerce, has announced new agreements aimed at bolstering AI safety research and evaluation. These agreements, formalized through Memoranda of Understanding (MOUs), establish a collaborative framework with two leading AI companies, Anthropic and OpenAI. The […]

According to a report by Saritha Rai for Bloomberg News, the Philippines is already confronting the reality of AI’s impact on jobs, particularly within its vast business process outsourcing (BPO) sector. This industry, which includes call centers and various other back-office operations, is expected to generate over $38 billion in revenue this year. The rapid […]

China, already a global leader in electric vehicles (EVs), is now setting its sights on dominating the humanoid robot market, potentially outpacing Tesla in the race to automate factory workforces. At the World Robot Conference in Beijing this week, over two dozen Chinese companies showcased humanoid robots designed to perform tasks in factories and warehouses, […]

On August 19, Matthew Sigel, Head of Digital Assets Research at VanEck, appeared on CNBC’s “Fast Money” to discuss the intersection of artificial intelligence (AI) and Bitcoin mining, as well as the broader dynamics of the cryptocurrency market. Bitcoin Miners vs. Bitcoin Performance Sigel began by highlighting a significant divergence between the performance of Bitcoin […]

Apple Inc., a company renowned for its history of revolutionary products like the Mac, iPod, iPhone, and iPad, has been relatively quiet on the innovation front in recent years. While products like the Apple Watch and AirPods have seen success, they haven’t been the life-changing devices that previous Apple innovations were. The company’s recent foray […]

On August 12, Oaktree Capital Management’s Armen Panossian shared his thoughts on AI during an interview with Sonali Basak, the primary Wall Street correspondent for Bloomberg Television. Armen Panossian is the co-Chief Executive Officer of Oaktree Capital Management, where he plays a central role in overseeing the organization and performance of the firm’s investment teams. […]

On August 8, Google DeepMind took to social media platform X (formerly known as Twitter) to share insights into their latest research project involving a robotic system designed to play table tennis. Google DeepMind is a prominent artificial intelligence (AI) research lab that operates under the umbrella of Alphabet Inc., Google’s parent company. It was […]

With Kamala Harris emerging as a potential Democratic nominee, industry leaders are speculating on what her presidency might entail, particularly regarding cryptocurrency and artificial intelligence (AI). According to a recent article by Megan Messerly for Politico, there is considerable uncertainty surrounding Harris due to her relatively short tenure in Washington and her swift rise in […]

On June 29, Adam Cochran shared his thoughts on the current state of AI development, specifically comparing OpenAI’s ChatGPT and Anthropic’s Claude. Founded in 2015, OpenAI began as a non-profit research company with the mission to ensure that artificial general intelligence (AGI) benefits all of humanity. The organization has since transitioned to a “capped-profit” model […]

Yesterday, The Wall Street Journal (WSJ) reported on the changing landscape of the freelance market due to the rise of artificial intelligence. According to a report by Christopher Mims for the WSJ that was published on June 21, Jennifer Kelly, a freelance copywriter in Walpole, N.H., has seen her three-decade career in wealth management writing […]

On June 21, 2024, Katie Drummond, Wired’s global editorial director, joined CNBC’s “Squawk Box” to discuss the magazine’s recent in-depth investigation into the AI search startup Perplexity. The conversation shed light on some troubling aspects of Perplexity’s operations and raised important questions about the future of AI and its impact on journalism and information accuracy. […]

As the cryptocurrency market continues to evolve, investors are always on the lookout for promising opportunities. Two such cryptocurrencies, Shiba Inu ($SHIB) and Floki ($FLOKI), have captured the attention of many. In this analysis, we will delve into the year-to-date (YTD) performance of SHIB-BTC, SHIB-USD, FLOKI-BTC, and FLOKI-USD pairs to determine, based on AI predictions, […]

With the crypto market doing slightly better today, with Bitcoin and Ethereum up 0.8% and 1.4% respectively, one altcoin is showing the crypto market what a real rally looks like. Fetch.ai ($FET) is a project that aims to create a decentralized digital world where autonomous software agents can perform tasks on behalf of individuals, businesses, […]

Microsoft has recently delegated the development of its premier artificial intelligence tools and software to OpenAI, a decision that could potentially benefit its competitor, Google, according to Todd McKinnon, CEO of Okta, a top provider of cloud-based software solutions for businesses to manage and secure who has access to their digital resources. Per a report […]

In a recent CNBC interview, billionaire investor Stanley Druckenmiller shared his thoughts on a wide range of topics, including the Federal Reserve’s monetary policy, inflation, artificial intelligence (AI), and his global investment strategies. Stanley Druckenmiller is highly regarded for his consistent and impressive investment performance, particularly during his tenure at the Quantum Fund with George […]

JPMorgan Chase & Co. is now providing artificial intelligence training to every new banking employee. This initiative is spearheaded by the firm’s Chairman and CEO, Jamie Dimon, who has compared the revolutionary potential of AI to that of the printing press and steam engine. According to an article by Bloomberg News, earlier today, at the […]

Jenny Johnson, president and CEO of Franklin Templeton, recently underscored the transformative potential of blockchain technology and generative artificial intelligence (AI) during an interview at the 27th Annual Milken Institute Global Conference (held May 5-8, 2024 in Los Angeles, California). With $1.6 trillion in assets under management, Franklin Templeton is keenly exploring innovative technologies to […]

In a thought-provoking discussion at the Bloomberg Tech Summit in San Francisco, Bumble founder Whitney Wolfe Herd shared her vision for the future of dating – one where artificial intelligence (AI) takes center stage. Herd proposed a scenario in which singles could rely on AI-powered dating concierges to interact with potential partners on their behalf, […]

Earlier today, the Hong Kong Securities and Futures Commission (SFC) took decisive action against Quantum AI, an unlicensed cryptocurrency exchange that falsely claimed affiliation with Tesla CEO and Dogecoin ($DOGE) advocate Elon Musk. The fraudulent entity, based in Hong Kong, purported to offer AI-powered crypto trading services developed by Musk himself. According to a report […]

According to a report by The Guardian, Ukraine’s Foreign Ministry recently a groundbreaking announcement on Wednesday, introducing an AI-generated spokesperson named Victoria Shi, a pioneering move in the world of international diplomacy. Dressed in a dark suit and presented in a video on social media, Victoria is designed to deliver official statements that are written […]

The world of visual storytelling is constantly pushing the boundaries of what’s possible. From breathtaking 3D animations to captivating special effects and the exciting possibilities of AI-generated visuals, the demand for rendering power continues to skyrocket. Finding accessible and affordable solutions is crucial for creators, studios, and now, even AI developers. This is where the […]

On 24 April 2024, Meta Platforms Inc (NASDAQ: META) Reported its First Quarter 2024 Results. According to Meta’s press release, Mark Zuckerberg, Meta founder and CEO, had this to say: “It’s been a good start to the year. The new version of Meta AI with Llama 3 is another step towards building the world’s leading […]

On 12 April 2024, BlackRock, Inc. (NYSE: BLK), the world’s largest asset manager by AUM, reported its financial results for the three months ended March 31, 2024. According to the company’s earnings release, in Q1 2024, BlackRock showcased impressive growth figures, further solidifying its position as a global leader in asset management. The firm reported […]

On April 8, financial services giant JPMorgan Chase & Co. (NYSE: JPM) published its 2023 Annual Report, including letters to shareholders from its Chairman and CEO — Jamie Dimon — and other business heads. As of December 31, 2023, JPMorgan Chase reported possessing assets totaling $3.9 trillion and stockholders’ equity amounting to $328 billion. In his […]

In an article published by The Wall Street Journal (WSJ) on April 3, 2024, the alarming rise of deepfakes and their potential to disrupt businesses and financial institutions has been brought to light. As artificial intelligence (AI) advances rapidly, making voice and image generation more realistic than ever, malicious actors are now targeting enterprises with […]

On 1 April 2024, a significant stride was taken towards enhancing the safety of artificial intelligence technologies as the United States and the United Kingdom, through their respective AI Safety Institutes, announced a groundbreaking partnership. This collaboration, underscored by a Memorandum of Understanding (MOU) signed between U.S. Commerce Secretary Gina Raimondo and UK Technology Secretary […]

Kraken’s Chief Technology Officer, Vishnu Patankar, recently discussed the significant impact of artificial intelligence (AI) on the cryptocurrency industry, emphasizing its potential to resolve scalability challenges inherent to the sector. As outlined by Patankar, the crypto industry’s volatility and the constant demand placed on core operational functions such as account sign-ups, client responses, and token […]

In a recent blog post by Coinbase, the company outlined the burgeoning growth in artificial intelligence (AI) capabilities and their intersection with blockchain technology, a domain where Coinbase has been an innovator. The post highlighted the recent advancements in AI, including significant progress in text-to-image models and large language models, and their application across various […]

Arjun Sethi, the former CEO of Tribe Capital, appeared on CNBC’s “Closing Bell: Overtime” on March 28 to discuss the ramifications of Sam Bankman-Fried’s (SBF) trial and sentencing on the crypto industry. Arjun Sethi is a distinguished figure in the entrepreneurial and investment landscape, holding key positions as the Co-Founder, Chairman, and Chief Investment Officer […]

OpenAI, a prominent artificial intelligence research organization, published a blog post on March 29, discussing their latest development: Voice Engine. This model, created in late 2022, can generate natural-sounding speech that closely resembles the original speaker using only a 15-second audio sample and text input. While the technology is impressive, OpenAI is cautious about its […]

In a move that could potentially reshape the landscape of artificial intelligence (AI) development, three prominent decentralized AI projects – Fetch.ai, Ocean Protocol, and SingularityNET – have announced their decision to merge and form the Artificial Superintelligence Alliance. According to a press release dated March 27, 2024, this alliance aims to create an open-source, decentralized […]

On March 13, in an insightful segment on CNBC, Tom Schmidt, a general partner at Dragonfly Capital, a crypto venture capital and research firm, provided a deep dive into the nuances of Ethereum’s Dencun upgrade and its implications for scalability. Schmidt’s comprehensive analysis sheds light on the current state of the crypto market, particularly focusing […]

In an interview with CNBC’s Leslie Picker at J.P. Morgan’s 2024 Global Emerging Markets Corporate Conference (February 26-28, 2024) in Miami, Florida, Jamie Dimon, Chairman and CEO of JPMorgan Chase, offered his expert analysis on several pivotal subjects shaping the financial world. From the transformative potential of artificial intelligence (AI) to the intricacies of market […]

In a significant development for the bankrupt cryptocurrency exchange FTX, Delaware Bankruptcy Court Judge John Dorsey has approved the sale of the company’s shares in the artificial intelligence startup Anthropic, valued at over $1 billion. Resolving Objections from Customers According to a report by Cointelegraph, the approval came after FTX addressed concerns raised by some […]

In a captivating YouTube video titled “Sora AI: Will Change The Global Economy FOREVER,” personal finance guru Andrei Jikh delves into the groundbreaking advancements in artificial intelligence, particularly focusing on OpenAI’s Sora. This AI technology is poised to revolutionize not just the global economy but the very fabric of content creation, filmmaking, and photography. Jikh […]

In a thought-provoking piece by Hayden Field for CNBC, the evolving landscape of workplace surveillance is meticulously examined, revealing a world where artificial intelligence (AI) scrutinizes every message and digital interaction within platforms like Slack, Microsoft Teams, and Zoom. This analysis, according to Field’s article, is not confined to a dystopian future but is a […]

On February 9, the day that marked the S&P 500 closing above 5000 for the first time, the spotlight turned to retail investors and their influence on this rally. Yesterday, in a conversation with CNBC’s “Fast Money,” Lule Demmissie, the US CEO of the popular trading platform eToro, shared valuable insights into how retail investors […]

Earlier today, Alphabet and Google CEO Sundar Pichai recently joined CNBC’s “Squawk Box” to discuss significant developments at Google, particularly focusing on the company’s AI rebranding from Bard to Gemini and the introduction of a new paid version termed “Gemini Advanced” or “Gemini Ultra.” The discussion with co-anchor Andrew Ross Sorkin covered various topics, including […]

In a detailed discussion on Bloomberg’s “60 Minutes,” Carsten Meier, managing partner of Intraprenör, talked about Germany’s experimental transition to a four-day workweek across 45 companies, a trial aimed at enhancing job attractiveness and productivity without reducing pay. The six-month trial, inspired by similar initiatives globally, particularly the UK’s successful adaptation, seeks to maintain or […]

Imagine using technology to swipe right on over 5,000 women on Tinder, searching for that elusive spark. Sounds like an algorithmic quest for love, right? Well, for Russian AI developer Alexander Zhadan, it became a surprisingly life-changing experiment, leading him not just to his soulmate, Karina Imranovna, but also to unexpected insights about love and […]

In a recent interview with Fox Business host Maria Bartiromo on “Mornings With Maria,” former President Donald Trump provided a comprehensive overview of his perspectives on various issues, ranging from economic policies to the potential dangers of artificial intelligence (AI). Trump, who is anticipated to be named the Republican Party’s nominee for the 2024 United […]

In the midst of widespread discussions about artificial intelligence (AI) and its potential to reshape the job market, a new study from MIT CSAIL, MIT Sloan, The Productivity Institute, and IBM’s Institute for Business Value offers a nuanced perspective on the economic viability of AI in automating tasks, particularly focusing on computer vision. This research […]

During a recent discussion at Bloomberg House on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland, Bill Gates, co-founder of Microsoft, shared his insights on the role of Artificial Intelligence (AI) in shaping the future. AI as a Productivity Enhancer Gates emphasized that AI is set to significantly raise productivity across […]