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Crashed Stablecoin Iron Bank Euro (ibEUR) Lacks Fast Repeg Path
The minor alternative stablecoin, which has an issuance of $3.7 million, dropped from its normal price of $0.97 to as low as $0.39 Monday after a shakeup in ibEUR’s main trading pool left the asset’s markets imbalanced. At press time ibEUR had recovered to $0.72 after risk-prone traders piled in, hoping for a path back…
An ‘AI’ fast food drive-thru is mostly just human workers in the Philippines
Artificial intelligence-powered drive-thru company Presto Automation described itself as “one of the largest labor automation technology providers in the industry,” and boasted its ability to increase sales and “save” human labor time. But according to recent filings with the US Securities and Exchange Commission, off-site human workers are stepping in and completing over 70 percent…