🐕 Elon Musk says don't 'bet the farm on Dogecoin'
🐕 Elon Musk says don't 'bet the farm on Dogecoin'
Or other cryptocurrencies
Hey Waivly Crew! 🌊 Former Google CEO Eric Schmidt is worried misused AI could get people “harmed or killed.” Elon Musk has warned investors not to “bet the farm on Dogecoin.”
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Former Google CEO says AI poses an 'existential risk'
The former chief executive of Google has warned that AI has the potential to harm or kill “many many people” in the near future.
At the Wall Street Journal's CEO Council conference in London, Eric Schmidt said he was concerned about the “existential risk” of the rapidly evolving technology.
“My concern with AI is actually existential, and existential risk is defined as many, many, many, many people harmed or killed. And there are scenarios not today but reasonably soon, where these systems will be able to find zero day exploits, cyber issues or discover new kinds of biology,” Schmidt said.
“This is fiction today but the reasoning is likely to be true. And when that happens we want to be ready to know how to make sure these things are not misused by evil people.”
Schmidt, who was CEO of Google from 2001 to 2011, did not have a clear view on how AI should be regulated, but said that it's a 'broader question for society.' However, he said there is unlikely to be an AI-specific regulator in the US.
Speaking at the same conference a day earlier, Tesla CEO Elon Musk said there is a risk that "advanced AI either eliminates or constrains humanity’s growth.”
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Crypto Special
Elon Musk warns investors not to ‘bet the farm on Dogecoin’
On Tuesday, Elon Musk said he isn't encouraging anyone to invest in crypto or go heavily into Dogecoin — despite his love for the memecoin.
"I'm not advising anyone to buy crypto or bet the farm on dogecoin," he said while speaking virtually at the Wall Street Journal’s CEO Council Summit. "Maybe you should, but let me advise you that would be perhaps unwise."
Still, Musk said that Dogecoin is his favourite cryptocurrency because it has "the best humour" and "it has dogs".
The Tesla CEO has had a long relationship with Dogecoin. In April 2021, he called himself "The Dogefather" in a promotional tweet for an episode of Saturday Night Live in which he said the memecoin was "the future of currency".
Musk also followed through with his commitment to change Twitter's logo to a ‘Doge’ last month, fuelling a 20% spike in the price of Dogecoin.
Last week, Binance CEO Changpeng Zhao expressed surprise that Dogecoin had not yet faded away and attributed its longevity to Musk's support.
Bitfinex & OrionX partner to accelerate crypto adoption in Latin America
Bitfinex has made an undisclosed investment in OrionX, one of Chile’s leading crypto exchanges, to expand its footprint in Latin America.
According to a press release, the two digital asset companies will work together to support local education programs, along with financial freedom and inclusion efforts.
“We’re excited to collaborate with Orionx as we look to expand our presence in Chile and across Latin America,” said Paolo Ardoino, CTO at Bitfinex. “This represents a major step forward in our efforts to harness the power of Bitcoin and decentralized technology to promote financial freedom and empower businesses that share our values,”
Founded in 2017, OrionX offers crypto exchange services in Chile and has plans to expand to Peru, Colombia, and Mexico and surpass one million users by 2024, according to Bitfinex.
This comes just over a month after Bitfinex Securities El Salvador was granted El Salvador’s first-ever digital asset service provider license.
The exchange also recently sponsored a three-week boot camp focused on teaching women in Paraguay basic coding skills.
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