Topic: global economy
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Circle CEO: Building an 'Economic OS' for the AI Era
Jeremy Allaire, CEO of Circle, envisions a global financial transformation powered by digital currency technology, which he describes as an "economic operating system for the internet." Circle's USDC stablecoin, backed by U.S. dollars, is promoted as a superior tool for efficient cross-border pay...
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MGX, AIP, and BlackRock's GIP to Buy Aligned Data Centers for $40B
A consortium including MGX, AIP, and BlackRock's GIP is acquiring Aligned Data Centers for $40 billion, marking AIP's first investment toward its goal of deploying $30 billion in equity capital. The acquisition aims to accelerate the development of scalable, efficient digital infrastructure essen...
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OpenAI Researcher Quits Over Alleged Bias in AI Economic Studies
Internal tensions at OpenAI have led to departures from its economic research team, driven by a perceived shift away from publishing research on negative impacts like job displacement in favor of more positive findings. A departing researcher cited a growing conflict between conducting objective ...
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Why We Should Let AI Start Over
Tech leaders acknowledge a potential AI bubble and urge caution regarding artificial general intelligence, reflecting a balance between immense promise and the risk of deflation. The AI field is currently dominated by hype-driven conferences and events rather than substantive technical discourse,...
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Revolutionizing Pharma with Agentic AI
The pharmaceutical industry faces financial pressures from rising production costs, supply chain disruptions, and government efforts to increase drug affordability. A significant revenue threat comes from the impending patent cliff, where expiring exclusivity for blockbuster drugs will allow gene...
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ICCD Wraps Up BOE Asia 2025, Uniting APAC & Central Asia
The BOE Asia 2025 event successfully concluded in Karachi, aiming to bridge digital gaps and enhance Pakistan's participation in the global digital economy. The conference united policymakers, business leaders, and innovators to discuss technology's role in driving economic revival and sustainabl...
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Apple, Microsoft Hit $4 Trillion on AI and Cloud Boom
Apple and Microsoft have each achieved a $4 trillion market capitalization, driven by innovation in artificial intelligence, cloud computing, and strong product sales like the iPhone series. Microsoft's growth is fueled by its strategic partnership with OpenAI and the expanding Azure cloud platfo...
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