Davos 2024 - AI at the Forefront
On Davos, companies flaunted AI innovations. Tech leaders, financiers, and even music stars like Wyclef Jean and Will.i.am recognized AI’s potential. Will.i.am even teased his upcoming SiriusXM show with an AI co-host.
In the midst of notable developments, the prevailing sentiment around AI is marked by optimism, a departure from dystopian concerns. OpenAI’s CEO, Sam Altman, has taken steps to provide a more detailed perspective, asserting that AI’s impact on the world won’t be as drastic as previously thought. Altman’s focus lies on the capabilities of Artificial General Intelligence (AGI).
This reassurance comes at a crucial time, with 20% of employment opportunities being exposed to AGI, as reported by Indeed.com. Intriguingly, despite the ongoing progress in AI, global employment listings have surpassed pre-pandemic levels, according to data from Recruit Holdings. Altman’s evolving viewpoint on AGI signals a shift from anticipating a future dominated by robots to envisioning AI as a complement to human work.
BlackRock's Spot Bitcoin ETF Soars, Crossing $1 Billion Mark in Just Four Days
Taking the lead, BlackRock’s iShares Bitcoin ETF claims the top spot with $1.07 billion in assets, closely followed by the Fidelity Wise Origin Bitcoin ETF at $874.6 million. In contrast, the Grayscale Bitcoin Trust, now transitioning into an ETF, witnessed outflows due to higher fees. Concurrently, the SEC has initiated a comment period for options trading concerning BlackRock’s ETF, potentially expediting the approval process.
Former President Donald Trump, now a Republican Candidate, Promises to Block Central Bank Digital Currencies (CBDCs) if Reelected
Donald Trump is resolute about safeguarding against government overreach, stating, “I will oppose the introduction of a central bank digital currency.” This stance marks a shift as he aims to appeal to pro-crypto voters. Noteworthy, Trump holds over $5 million in Ethereum (ETH). The U.S. political landscape is further influenced by Ron DeSantis, Trump’s rival, who opposes “Biden’s war on Bitcoin” and has banned CBDCs in Florida. The outcome of the 2024 election could bring significant changes to cryptocurrency regulations compared to President Biden’s approach.
