Goldman Sachs believes that artificial intelligence technology could help drive S&P 500 profits over the next 10 years. Goldman’s senior strategist Ben Snider said, “Over the next 10 years, AI could increase productivity by 1.5% per year. And that could increase S&P500 profits by 30% or more over the next decade.” The emergence of ChatGPT…
OpenAI CEO Sam Altman expressed that he is slightly scared of artificial intelligence technology and how it might affect the workforce, the spread of disinformation, elections, etc. OpenAI developed the ChatGPT that creates human-like responses to questions and sparked a new AI sensation in the world. Altman said, “I think people really have fun with ChatGPT. The…
CSRC announces new rules for overseas IPOs The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The…
Crypto market gains $84 billion despite tougher regulatory stance from US Authorities Crypto markets gained $84 billion in value yesterday despite tougher regulatory stand from the USA government. Bitcoin rose to $24,500.00 while ether was up at $1,679.31, as per the Coin Metrics. Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno said, “There…
