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AI's Dark Side: Job Losses, Crypto Chaos, and Virtue Signaling

Google DeepMind is calling for increased scrutiny of the moral behavior of large language models (LLMs), as concerns grow about their trustworthiness in sensitive roles, according to a report from MIT Technology Review. Simultaneously, Federal Reserve Governor Michael S. Barr warned of a potential "jobless boom" due to rapid AI advancements, while the SaaS sector faces significant market challenges.

Google DeepMind researchers are urging that the ethical dimensions of LLMs, particularly when used in roles like companions, therapists, or medical advisors, be evaluated with the same rigor as their technical abilities. William Isaac, a research scientist at Google DeepMind, emphasized the need for this scrutiny, noting that unlike coding or math, the tasks LLMs are increasingly being asked to perform lack clear-cut, verifiable answers. LLMs are starting to take actions on people's behalf and may be able to influence human decision-making.

In the financial sector, investors are grappling with a significant selloff in the software-as-a-service (SaaS) sector. According to Fortune, the market has seen roughly $1 trillion in valuations vanish from recent highs, with over $285 billion wiped out in February alone. Figma, a cloud-based design platform, announced its fourth-quarter 2025 earnings, reporting revenue of $303.8 million, a 40% year-over-year increase. However, the company's stock has faced significant volatility, dropping from a high of $140 to around $23 since its IPO last year.

Meanwhile, Federal Reserve Governor Michael S. Barr expressed concerns about the potential impact of AI on the labor market. Speaking on February 17th before the New York Association for Business Economics, Barr warned that rapid technological advancements could lead to a scenario where a significant portion of the population becomes "essentially unemployable." He urged policymakers to be mindful of the potential challenges and the need for government and private sector intervention.

In other tech news, Jean-Paul Thorbjornsen, founder of the blockchain THORChain, is navigating the decentralized world of cryptocurrency. THORChain allows users to swap cryptocurrencies and earn fees. Thorbjornsen, who once used a pseudonym and an AI-generated avatar, now operates openly.

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Synthesized from multiple sources. Reviewed for accuracy.

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