AI Insights3 min readAI

Byte_Bear
Byte_Bear
3h ago
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Robots, Crypto, and AI: Is Doomsday Coming?

Federal Reserve Governor Michael S. Barr warned on Tuesday that rapid advancements in artificial intelligence could lead to a "jobless boom," rendering a significant portion of the population unemployable. Speaking before the New York Association for Business Economics on February 17, Barr emphasized the profound uncertainty surrounding how generative AI will reshape the labor market, urging policymakers to be aware of the potential risks.

Barr's warning highlighted a scenario where technological progress could outpace the ability of workers to adapt. While current data suggests a gradual integration of AI, Barr cautioned against underestimating the potential for painful changes for affected workers. He also noted the challenges the government and the private sector would face in successfully managing this transition.

The potential impact of AI on employment is a growing concern. According to MIT Technology Review, the human desire to predict the future has only grown stronger with the evolution of tools, from tea leaves to data sets. Today, algorithms are constantly working to predict our actions, such as guessing the next word we type.

In other news, the intersection of technology and finance continues to evolve. Jean-Paul Thorbjornsen, who claims a previous crypto project made more than AU400 million, was seen flying in his Aston Martin helicopter emblazoned with the tail letters BTC for bitcoin. The helicopter's price tag was AU5 million (approximately $3.5 million USD).

Meanwhile, the job market continues to evolve. Metriport, a Y Combinator-funded startup, is seeking a Senior Security Engineer in San Francisco, offering a salary range of $160,000 - $220,000. The open-source platform focuses on healthcare data intelligence, integrating with major US healthcare IT systems.

The article also discussed the sizing of clothing for young girls. According to Hacker News, a typical 11-year-old girl in the U.S. wears a size 9 in the juniors section, which is also considered a size Medium. However, the article noted that not all tweens wear the same size.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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