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AI May Replace 300 Million Jobs; Although Generative AI May Also Boost Labor Productivity
A recent report from Goldman Sachs, one of the largest US banks, found that artificial intelligence may replace over 300 million full-time…
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HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Top global bank HSBC foiled a plan Friday by one of its largest shareholders to split the bank from its Asian operations.…
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Stripe Launches Fiat-to-Crypto Onramp To Accelerate Cryptocurrency Adoption
Stripe, one of the largest payment service providers, announced the launch of a Stripe-hosted fiat-to-crypto onramp. The move makes it easier for…
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Alibaba Partners With Avalanche For A Metaverse Launchpad Targeting Businesses
Alibaba Group’s digital technology and intelligence division, Alibaba Cloud, has created a launchpad for businesses to deploy metaverses on Avalanche blockchain. Dubbed…
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ChatGPT Unveils The Code Interpreter; One Of Its Most Powerful Tools Yet
OpenAI has been testing the ability of ChatGPT to run codes and use third-party plugins. One of these plugins is the Code…
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The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets
As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving…
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Italy Imposes Punitive 26% Tax On Crypto Profits
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors. The policy shifts, which…
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30% Digital Mining Energy Tax; White House Advisors Push For Regulation
On Tuesday the White House’s Council of Economic Advisors (CEA) discussed that a Digital Asset Mining Energy (DAME) excise tax should be…
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Samsung Ban Employees From Using AI Tools Like ChatGPT
Samsung Electronics Co. is prohibiting their employees from using generative AI tools like ChatGPT, according to a Bloomberg report. The company has…
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…