Deutsche Bank analysts report that artificial intelligence has not yet broadly harmed the US labor market, though some sectors show early signs of AI influencing employment. AI adoption remains relatively low but is growing, especially in industries using AI to perform existing tasks. Job openings in AI-exposed roles like software engineering have strengthened recently, and there is no clear evidence of widespread layoffs due to AI. Wage growth has slowed more in AI-exposed industries, but unemployment among younger workers, while improving, remains above pre-2019 levels, particularly for college graduates. This suggests AI's impact on jobs is nuanced and sector-specific rather than broadly negative at this stage.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
