Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to…
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While disinformation is an ongoing issue that social media has only contributed to, AI could make it much easier for bad actors to spread disinformation. In 2018, the world was shocked to learn that British political consulting firm Cambridge Analytica had harvested the personal data of at least 50 million Facebook users without their consent…
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Google unveiled a slew of AI features at its latest I/O conference, with new, improved AI models to be integrated across all of its major products. Tech giant Google announced a plethora of new Artificial Intelligence (AI)-backed features during its annual Google I/O conference, with updated AI tech set to appear across its major platforms.…
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In a surprising turn of events, Bitcoin experienced a significant drop earlier today, falling below the $27,000 mark to register an intraday low of $26,833. This unexpected downturn occurred in the middle of the day and has countered the upward trend that followed the release of somewhat positive U.S. inflation data. Considering the ongoing market…
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Wendy’s says its “FreshAI” bot reduces costs allowing funds to be focused elsewhere, others worry that eventually, those less skilled will be jobless. An artificial intelligence (AI) chatbot dubbed “Wendy’s FreshAI,” will take orders from Wendy’s drive-thru customers after the fast-food chain partnered with Google Cloud to create the bot. Over three-quarters of Wendy’s customers…
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By doing things such as helping users find answers to their questions by looking at their wallets, AI could help introduce millions of new people to blockchain. It’s no secret that bear markets are challenging. A quick scan of top projects of any past market cycle will unveil how many once-promising projects have faded into…
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The crypto market took a significant hit on Monday, with a net outflow of approximately $29.45 billion, shrinking the total crypto market cap to $1.111 trillion. Ethereum and Bitcoin, the two leading cryptocurrencies, were not immune to this downturn, with their market caps falling to $222 billion and $535 billion, respectively. Amidst the broader cryptocurrency…
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Bitcoin’s value has once again dipped under $28,000, influenced by various factors such as the dwindling interest in the PEPE meme cryptocurrency, Binance issues, and Bitcoin congestion problems. The well-known exchange temporarily halted Bitcoin withdrawals over the weekend due to what they claimed was Bitcoin congestion problems, and despite resuming service on Sunday evening, concerns…
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Art generated by artificial intelligence is making waves because of its ramifications — for originality, authorship, and authenticity. The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI…
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The US banking sector is in the midst of a crisis, and the government’s efforts have been insufficient, and some would even say damaging. As regional banks face financial headwinds, the cryptocurrency market is on the lookout for ripple effects. Amidst the crisis, yPredict’s presale has received much attention for its AI-powered price predictions platform…
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