Growth
AI could boost growth but worsen inequality
The International Monetary Fund (IMF) predicts that AI could boost global productivity and growth, but may displace jobs and worsen inequality. In a new analysis, IMF economists examined AI’s potential impact on the global labour market. While many studies foresee jobs being automated by AI, the technology will often complement human work instead. The IMF…
Bitcoin Price (BTC) Dips as U.S. November Job Growth of 199K Tops Estimates
The price of bitcoin (BTC) fell about 0.5% in the minutes following Friday morning’s release to $43,500. In traditional markets, interest rates are shooting higher, with the 10-year U.S. Treasury yield up 8 basis points to 4.24%. U.S. stock index futures have turned lower, the Nasdaq 100 off 0.7%. Source link
Growth of Asset Tokenization on Blockchains Could Lead to Greater Risks to Financial Stability: Bank of England
That increasing size could pose risks for the wider financial environment, the bank said. The boom could “increase the interconnectedness of markets for crypto assets and traditional financial assets (since they are represented on the same ledger); and create direct exposures for systemic institutions,” the report said. Source link