The Daily Scrypt

AI’s impact on the workforce is profound and multifaceted, with some predicting significant job losses while others foresee new opportunities, and a Goldman Sachs analysis indicates up to 300 million jobs in the US and Europe may be lost or reduced due to the emergence of generative AI.

The Neuralink corporation, which specializes in brain-chip technology, has reportedly obtained clearance from the US Food and Drugs Administration (FDA) to initiate its inaugural human trials.

OpenAI’s CEO Sam Altman has reversed his previous statement about leaving the EU if AI regulations become too challenging, and instead expressed concern over complying with some of the AI Act’s safety and transparency requirements due to technical limitations, despite accusations of AI companies using the work of artists, musicians, and actors to train their systems to imitate their work.

The stablecoin market has been declining for 14 months, with a decrease in market capitalization to $130 billion in May, indicating a reduction in capital flowing through the digital asset space and posing a concern for cryptocurrency price recovery.

Bitpanda and Coinbase have partnered to integrate digital assets into European banks’ offerings, utilizing Bitpanda’s business-to-business infrastructure to establish direct connections with banks and fintech companies.

Shaquille O’Neal is being sued (again) for his promotion of cryptocurrency and Astrals Capital; these lawsuits claim that O’Neal’s promotion of these digital assets is fraudulent and/or misleading, and they have resulted in losses for the public.

Polygon co-founder Sandeep Nailwal believes that Web3 gaming will drive widespread cryptocurrency adoption, as he shared in a recent Reddit AMA session.