Articles for tag: Bitcoin, Cryptocurrency, Financial Stability, Luke Gromen, national security, reserve asset, US economy

Market News

Bitcoin’s Shift to Neutral Reserve Asset: Investor Luke Gromen Highlights BTC’s Rising Role in National Security Concerns

Macro expert Luke Gromen argues that the U.S. may need to elevate Bitcoin to a neutral reserve asset, especially in light of national security concerns stemming from Russia’s actions in Ukraine. He believes this shift might help revive U.S. industries weakened by reliance on the fiat currency system, which has hindered defense manufacturing. Gromen sees ...

Market News

AI

OpenAI’s ChatGPT challenges Google’s dominance amid AI transcription inaccuracies, while the White House tightens AI export regulations for security.

OpenAI has launched updated ChatGPT with live web search capabilities, aiming to rival Google by providing real-time information and citing sources. This new feature is available for Plus and Team subscribers, using partnerships with trusted news sources for greater accuracy. However, concerns have emerged regarding the reliability of AI transcription tools, like OpenAI’s Whisper, which ...

Market News

AI

AI’s global revolution demands new data center infrastructure, challenging nations to navigate geopolitical risks and secure technological superiority.

The next industrial revolution driven by AI is set to change global dynamics. Unlike past revolutions that had specific centers, this one is already global, relying on data centers as its backbone. These facilities require significant energy and resources, and their relevance is highlighted by the U.S. investment of over $600 billion in AI infrastructure ...

Market News

Biden Administration Urges Rapid AI Adoption for National Security

Biden Administration Urges Rapid AI Adoption for National Security

The Biden administration has called for a faster adoption of artificial intelligence in military and intelligence applications. A new national security memorandum directs agencies to swiftly deploy the most advanced AI systems while ensuring safety. Bloomberg Government’s Courtney Rozen discussed the implications of this move on "Bloomberg Technology."

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