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Elon Musk: Artificial intelligence will take our jobs Evaluating the impact of artificial intelligence on professions, Musk said, "None of us will probably have a job." #Musk talked about how the transformation in business lines will occur. #American technology billionaire Elon Musk made much-discussed statements about artificial intelligence. According to Musk, jobs are in danger. Musk, the owner of Tesla and SpaceX, said that he thinks artificial intelligence will put people out of work. He also noted that this wasn't "entirely a bad thing." Musk attended VivaTech, the technology conference held in Paris, France, via video conference. "None of us will have a job" In his speech here, Musk said, "None of us will probably have a job," and talked about a future in which jobs will be "optional." "If you want to do something like a hobby, you can do it."  Speaking as follows, Musk continued: Otherwise, artificial intelligence and robots will provide the products and services you want. 'Universal high income' is essential for this scenario. The capabilities of artificial intelligence have increased rapidly in the last few years. Artificial intelligence, which continues to spread, also causes concerns about how sectors and professions will transform. His greatest hope and fear #ElonMusk  also openly expresses his concerns about artificial intelligence. In his speech on Thursday, he described this technology as his 'biggest fear'. "My greatest hope is Mars."  Musk said, "My biggest fear is artificial intelligence."  he said.

Elon Musk: Artificial intelligence will take our jobs

Evaluating the impact of artificial intelligence on professions, Musk said, "None of us will probably have a job." #Musk talked about how the transformation in business lines will occur.

#American technology billionaire Elon Musk made much-discussed statements about artificial intelligence. According to Musk, jobs are in danger.

Musk, the owner of Tesla and SpaceX, said that he thinks artificial intelligence will put people out of work. He also noted that this wasn't "entirely a bad thing."

Musk attended VivaTech, the technology conference held in Paris, France, via video conference.

"None of us will have a job"

In his speech here, Musk said, "None of us will probably have a job," and talked about a future in which jobs will be "optional."

"If you want to do something like a hobby, you can do it."  Speaking as follows, Musk continued:

Otherwise, artificial intelligence and robots will provide the products and services you want. 'Universal high income' is essential for this scenario.

The capabilities of artificial intelligence have increased rapidly in the last few years. Artificial intelligence, which continues to spread, also causes concerns about how sectors and professions will transform.

His greatest hope and fear

#ElonMusk  also openly expresses his concerns about artificial intelligence. In his speech on Thursday, he described this technology as his 'biggest fear'.

"My greatest hope is Mars."  Musk said, "My biggest fear is artificial intelligence."  he said.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Stamina Gauge! Bitcoin Statement from Hong Kong's Top Executive. Hong Kong Securities and Futures Commission (SFC) chairman Julia Leung emphasized Bitcoin's durability as an alternative asset in her speech at the Greenwich Economic Forum. Leung noted Bitcoin's ability to survive despite multiple boom and bust cycles over the past 15 years. While central bankers and economists often argue that cryptocurrencies like Bitcoin and Ethereum lack intrinsic value, Leung noted that the durability of these assets and the Distributed Ledger Technology (DLT) behind them is undeniable. These statements by Leung coincide with the new licensing regime introduced by the SFC for cryptocurrency exchanges. These new regulations now require these platforms to obtain a license to serve individual investors in Hong Kong. However, these regulatory changes have drawn criticism from some quarters. Hong Kong lawmaker Duncan Chiu said the regulations were overly strict and discouraged major global exchanges from entering the Hong Kong market, negatively impacting market confidence. Julia Leung stated that although they support the development of the Web3 ecosystem in Hong Kong, this should not be misunderstood as an endorsement of the crypto asset (VA) class. Leung stated that cryptocurrencies are highly speculative and subject to extreme price volatility. To maintain and balance investor demand, #SFC has taken comprehensive measures to protect investors in this volatile market. Looking ahead, the SFC is preparing for legal regulations for stablecoins. Leung noted that the Hong Kong Monetary Authority (#HKMA ) recently completed a consultation on a proposed regime for stablecoin issuers. These new regulations will require issuers to provide full backing with high-quality, highly liquid reserve assets. The move is seen as part of a broader effort to bring stability and trust to the cryptocurrency landscape in Hong Kong. SFC also takes part in Project Ensemble, a tokenization initiative launched by the HKMA to explore the potential of a central bank digital currency (#CBDC ) $BTC
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Game-changing move from Paxos for the stablecoin market. Paxos announced in a statement that they have issued a new stablecoin called Lift Dollar (USDL) held in the United Arab Emirates (UAE). The stablecoin, which will have a yield feature, will be issued by the company's UAE-based subsidiary, Paxos International. The crypto asset is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Tether and Circle, the largest companies in the stablecoin market, have begun to generate significant income from the treasury bills they hold as collateral in recent years. This approach paved the way for the development of yield-sharing stablecoins. Stating that Lift Dollar (USDL) is structured in the same way as Paxos' other stablecoins, Charles Cascarilla, the company's CEO, assured that its assets are pegged to the dollar at a one-to-one ratio and are supported by short-term treasury papers. Cascarilla also stated that the assets are regularly inspected to avoid the risk of possible bankruptcy. Cascarilla also said that with USDL, they went one step further in making the dollar accessible to everyone and democratized the possibility of risk-free returns. However, Paxos' new asset USDL will not be able to be traded in the USA due to lack of regulation. In the press release regarding the #USDL launch, the company stated that they will focus specifically on Argentina and that they are cooperating with 3 intermediary companies, Ripio, Buenbit and TiendaCrypto, in the distribution of the crypto asset. $BTC
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