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Fintech

Will AI Threaten American Jobs?

If systems like GPT and ChatGPT can deliver on the features promised by their makers, they might have a substantial influence on the employment market, according to a group of Goldman Sachs analysts in a research paper shared with CNET recently. This trend may be recognised, notably in the United States. But, can Articial Intelligence (AI) actually endanger jobs?
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A Step Forward: Trading With Cryptocurrencies At The Luzerner Kantonalbank

As far as cryptocurrencies are concerned, Switzerland is becoming an incubator for innovation. In the canton of Zug, entrepreneurs can use Bitcoin to pay their taxes up to 1.5 million Swiss francs, and the Zuger government has pledged 39 million francs for a blockchain research center. The other cantons do not want to draw the shorter one: as the first state bank, the Luzerner Kantonalbank (LUKB) intends to offer trading in cryptocurrencies.
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China Laid Out Generative AI Rules

Although the Chinese government sees Artificial Intelligence (AI) as a strategic technology that helps it achieve its economic and geopolitical goals, the country laid out its rules to regulate those who provide generative AI capabilities to the public in China.
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Switzerland Ranks Third In The Global Competitiveness Index

For more than 30 years, the IMD World Competitiveness Centre has conducted research on how nations and enterprises compete to lay the foundations for future prosperity. In the 2023 ranking, Denmark, Ireland, and Switzerland have been named the top three among 64 economies measured for their global competitiveness.
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