Elon Musk has highlighted his concern that AI could end the human world of work in a few years.
Influential technology mogul Elon Musk shared his vision of a future in which Artificial Intelligence (AI) could surpass human intelligence, during an official UK government event.
Elon Musk, known for being the owner of companies such as Tesla, SpaceX and X (formerly known as Twitter), highlighted that AI could advance to the point where it is capable of performing any task, which could ultimately lead to a world where human labor is optional.
“We will have something that is, for the first time smarter than the smartest human,” Musk said at an event at Lancaster House, an official U.K. government residence.
In his own words, “It is difficult to predict the exact moment, but there will come a point when working will not be necessary.” Elon Musk has repeatedly expressed his concerns about the possible threats that AI could pose in the future.
OpenSea Announced Layoffs and Launch of OpenSea 2.0 to Adapt to Changes in the NFT Market
Popular non-fungible token (NFT) marketplace OpenSea made a major decision on November 3 by announcing layoffs in its workforce. Devin Finzer, the platform’s co-founder and CEO, shared the news through his X account, revealing that the company was in the process of launching “OpenSea 2.0” with a smaller team.
OpenSea, which was launched in 2017 when NFTs were still an innovation, has operated under a business model similar to that of giants such as eBay and Etsy. Allowing transactions and payments in Ether, the Ethereum cryptocurrency. However, the company has had to face a number of challenges along the way.
In July 2022, OpenSea had to reduce its workforce by 20%, citing the impacts of the so-called “crypto winter.” At that time, the platform had a team of 230 people, according to reports in the specialized press.
FTX Collaborates with the FBI by Handing Over Customer and Transaction Data
Advisors to FTX, the currently bankrupt cryptocurrency platform, have provided transaction and customer account data to the Federal Bureau of Investigation (FBI), according to court documents to which Bloomberg had access.
This collaboration occurred in response to subpoenas issued by various FBI offices in recent months. FTX advisors provided detailed records of the operations of specific clients of the platform.
Information about these FBI requests was revealed through the billing records of Alvarez and Marsal, a consulting firm that serves as financial advisors to FTX. Over a period spanning several months, the firm’s personnel were responsible for extracting and providing transaction information, as well as client accounts to FBI offices in Portland, Philadelphia, Oakland, Minneapolis and Cleveland.
Jack Dorsey’s Fintech Block Boosts Stocks with Strong Quarterly Earnings
Block, the fintech company led by former Twitter CEO Jack Dorsey, saw its stock price rise more than 20%. This, after the market closed on Thursday, thanks to its earnings report that exceeded expectations in the third quarter.
The company posted net income of $5.62 billion, representing a growth of 24% compared to the same period last year (YoY). Additionally, Block reported adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $477 million, marking a 32% increase from the prior year. Block stated that it has not experienced any impermanent losses on its Bitcoin holdings since the previous quarter.
By Audy Castaneda
