Artificial Intelligence

Artificial Intelligence Technology Brings Benefits, Risks to Banking: Bank of America
AI has the potential to improve productivity and enhance bank returns, the report said.

OpenAI Ousts Sam Altman From CEO and Board Roles; Worldcoin Drops 12%
The board said it "no longer has confidence in [Altman's] ability to continue leading" the company.

Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus
The funding will be used for the company’s ambitions in zero-knowledge machine learning, combining aspects of zero-knowledge cryptography with artificial intelligence or AI.

AI-Related Tokens Stumble After White House Executive Order
Critics of President Biden's action wonder if innovation could be stifled.

Bitcoin's Heading to $150K and Quality Mining Stocks Offer a Good Way to Gain Exposure: Bernstein
Bernstein expects the largest cryptocurrency to hit that level during the 2024-2027 cycle, the report said.

Crypto for Advisors: AI - Friend or Foe to the Advisor?
Jordi Visser from Weiss Multi-Strategy Advisers discusses the impact AI could have on investing and what to watch out for.

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes
The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.

Nvidia's Make-or-Break Earnings Could Be Huge for AI-Tied Crypto Tokens
Tokens such as FET as well as shares of cryptocurrency miners could move after the giant chipmaker's earnings.

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan
Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.

