What's New Today: Until (investor) morale rises, layoffs will continue.
Fast-Track Insights: Coinbase and the SEC are on the verge of an "existential" conflict over the crypto industry.
There are a lot of chatbots out there, but which one is better, and for what purpose? We have compared the models from Google's Bard, Microsoft's Bing, and OpenAI's ChatGPT with a variety of common requests, such as holiday suggestions, gaming advice, and mortgage calculations. While this is by no means an exhaustive list of these systems' capabilities (AI language models are, in part, defined by their unknown skills, a quality that the AI community refers to as the "capability overhang"), it does provide some insight into their relative strengths and weaknesses.
More than 150,000 people have lost their jobs at both large and small tech companies since the beginning of 2023. That is a stunning number of individuals who have been invested out of energy. The predicament becomes even more precarious when you consider the approaches Salesforce, Amazon, and Meta have taken in response to these layoffs. In January, Salesforce announced that 10% of its approximately 80,000 employees would be laid off. From that point forward, it has been allowing individuals to go in dribs and drabs. In addition, Amazon announced the layoff of 18,000 employees in January and another 9,000 this week. Meta fired 11,000 people in November and fired another 10,000 this week in a second round. The business also closed another 5,000 open recs.
Every field, including healthcare, has been affected by artificial intelligence (AI). Ethical Guidelines for AI in Healthcare and Biomedical Research have been issued by the Indian Council of Medical Research (ICMR) to "guide effective yet safe development, deployment, and adoption of AI-based technologies" in recognition of this.
According to the ICMR, some of the recognized applications of AI in healthcare include diagnosis and screening, therapeutics, preventive treatments, clinical decision-making, public health surveillance, complex data analysis, predicting disease outcomes, behavioral and mental healthcare, and health management systems. Read more
The day that U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the nation's top markets regulator, Coinbase made its debut on the U.S. stock market was April 14, 2021. Gensler, who has referred to the cryptocurrency industry as a fraudulent "Wild West," is currently involved in a dispute with the largest publicly traded cryptocurrency company in the world over a fundamental issue: whether the SEC ought to regulate digital assets as investment contracts similar to stocks or bonds. Under Gensler's leadership, friction has been brewing between crypto advocates and the regulator, with both parties becoming increasingly vocal in their criticism.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.