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A new study covering 41 countries, published on September 21, shows that companies adopting artificial intelligence (AI) are hiring more positions than those not using AI, but these new positions are significantly skewed towards senior staff rather than junior staff. Bharat Chandar of Stanford University and Bouke Klein Teeselink of Kings College London stated in a paper published Monday that in companies adopting AI, the number of senior staff increased by 6.7% over five years, while junior staff employment declined by 3% during the same period. Despite the overall increase in hiring, the proportion of junior staff in these companies decreased by 1.9 percentage points. This trend of declining junior staff is observed in numerous countries, including Brazil, Saudi Arabia, and the UK. The authors wrote that among the affected occupations, AI has a labor-saving effect on junior staff and a labor-expanding effect on senior staff. The loss of junior staff jobs is more severe in wealthier, more digitally advanced economies.Spanish Prime Minister Sánchez: Data centers need to be developed in a way that does not deplete scarce resources.Novo Nordisk (NVO.N) CEO: Liver disease is also a clear entry point; despite some recent setbacks, the cardiovascular field is another clear direction.Novo Nordisk (NVO.N) CEO: Will strengthen the diabetes treatment business; is creating a new area for blood and endocrinology.Indias Trade Minister: India and New Zealand aim to double bilateral trade in goods and services to 350 billion rupees by 2030.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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