House Democrats seek SEC answers on AI investment advisors

The newly public crypto custodian is slashing nearly 15% of its workforce as it pivots to focus on stablecoins and AI infrastructure.

AI is here, and we must help workers adapt: That’s the response of a new non-profit organization to the ongoing debate about whether AI will destroy jobs and cause catastrophe or take the economy to new heights. Launched Thursday, Raise Us is a nonpartisan national organization that says it will partner with state governors, employers, workers, and training organizations to help the US workforce make a successful transition to an AI economy. It says it will design and pilot new corporate incentives to retrain and redeploy workers, develop new approaches to support people through job transitions, and create new training models tied to changing employer demand. It has already raised more than $500 million and hopes to bring that up to $1 billion in multi-year commitments from philanthropists and industry sources. Anchor partners include Amazon, Microsoft, Anthropic, and the OpenAI Foundation, and more than two dozen other organizations including Cisco, IBM, ADP, AMD, and Deloitte have al

This case marks a historic first for AI in law. And for the legal sector, already losing sleep over automation and incoming regulations, the verdict serves as a massive wake-up call.

Have you seen “The Founder”? It’s the story of McDonald’s and how Ray Kroc (played by Michael Keaton) transformed the company from a local burger joint to a global landlord. According to the movie, Kroc’s accountant gave him the revelation: “You’re not in the burger business. You’re in the real estate business.” When brothers Richard and Maurice McDonald transformed their San Bernardino, CA barbecue restaurant into a fast-food burger joint in 1948, their model was to make and sell their own burgers. They would succeed or fail based on making better food products than other restaurants.  By the time Kroc bought out the McDonald brothers in 1961, the new model was leasing real estate to other people, and those other people would make the food. Whether the original San Bernardino McDonald’s succeeded or failed became irrelevant to the success of the McDonald’s corporation.  SpaceX has done the same thing. Its San Bernardino location, i.e. xAI, can now succeed or fail without affecting the

A simulated protein backbone (yellow) augmented with AI-generated snapshots. Image credit: LPCS LTS2 EPFL CC BY SA. By Celia Luterbacher Many drug and antibody discovery pathways focus on intricately folded cell membrane proteins. When molecules of a drug candidate bind to these proteins, like a key going into a lock, they trigger chemical cascades that […]

Dawn Song's move to Meta highlights AI's growing allure over blockchain, signaling a shift in tech talent towards AI safety and security. The post Oasis founder Dawn Song joins Meta Superintelligence Labs as VP of AI Research appeared first on Crypto Briefing.

The AI-driven tech stock dip highlights potential market volatility and credit risks, emphasizing the need for cautious investment strategies. The post US technology stocks poised to drop as AI concerns stall rally appeared first on Crypto Briefing.

The first step to understanding AI’s real potential is turning down the volume on the people who are selling it most loudly.