As we watch the stock market falter and trillion dollar companies shrink back to mere 9 digit juggernauts, we can rest assured that the next big thing is on the way. It may not happen this year or next year but soon it will be here.
Artificial Intelligence (AI) will be one of the next boom bubble bust and it is starting now.
I’ve never been a huge fan of AI, but at least it’s a “thing” now. It’s beating humans at chess, directing phone calls, translating speech and I’m sure a whole list of other things public and private.
Take a look at this article: crypto systemic collapse
It has been a tough few weeks for crypto. bitcoin prices
B T c
Many are wondering whether this is the end of crypto, or whether it is just a temporary setback. In this blog post, we will take a look at some of the factors that have led to the current state of affairs, and try to reach a conclusion about what the future holds for crypto.
The first factor we need to consider is the overall health of the crypto market. In general, markets go through cycles of ups and downs. The crypto market is no different. We have seen this before in 2017 and 2018. Prices rose to unsustainable levels, but fell again.
One key difference between now and then is that the infrastructure around crypto is much better developed now than it was in 2017-2018. At that time, there were very few exchanges and wallets that allowed people to buy, sell, and store cryptocurrencies. Nowadays, there are many high-quality exchanges and wallets available. This gives us reason to believe that the current recession may not be as severe as in 2018.
Another factor to consider is government regulation. In 2018, we saw many countries implement stricter regulations around crypto trading and ICOs (Initial Coin Offerings). These regulations made it difficult for many people to trade cryptocurrencies, and they also made it difficult for new projects to raise money through ICOs.
This time, governments are more supportive of crypto. For example, China recently announced that it would allow banks and payment companies to provide services related to cryptocurrency trading. This change in attitude could lead to more people getting into crypto, which would provide support for the price.
So, what does the future hold for crypto? It is impossible to say for sure. However, we believe that the current recession is not as severe as in 2018, and that government regulation will continue to be supportive of crypto rather than hostile. This means that there is a good chance of the prices going up again in the near future. Although only time will tell!
I didn’t write this. An AI called Jasper did, which I have a free trial for a few days. I just chose three words to describe the article, “Crypto Systemic Collapse, and closed it and wrote the above.
It’s definitely spam as far as I’m concerned, but it’s just as insightful as many of the NI (Natural Intelligence) articles I’ve read and frankly I’m impressed. It certainly could easily have been sprinkled with some genuine insight, some cheesy British jokes and it’s sure to have the number. Who would know it wasn’t me if it wasn’t for the fact that Grammarly is better?
Heaven knows what this does to news and journalism, but I feel at this stage, while it doesn’t add much value to the reader, it might make perfect sense for a site that Google-baiting SEO seeks to create content.
It doesn’t matter, though, robots plus AI equals one more giant leap for mankind, which the Luddites will say about it destroying jobs for the hard-working proletariat. This really will be the next leap.
The next market cycle in AI plus robotics is just around the corner, so don’t forget to jump in quickly after the current one is over. It’s about to get bigger.
Some major companies in AI:
Salesforce (CRM) Develops artificial intelligence for customer relationship management (market cap $152.24 billion).
sensetime Builds AI technologies for business operations, smart cities, smart homes and smart cars. (Market Cap $61.917 Billion)
deepmind (earned a pre-tax profit of $63 million in 2020) is an AI research and development company that operates as a subsidiary of Alphabet.
The company’s core offerings are IBM Watson, an AI-based cognitive service, AI software as a service, and scale-out systems designed to deliver cloud-based analytics and AI services. (Market cap $134.49 billion).
Credit: www.forbes.com /