#finance
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The rise of AI poses a significant challenge to funding federal governments, as it threatens to displace a substantial number of knowledge workers who contribute to tax revenue. With the U.S. relying heavily on individual income and payroll taxes, the potential decline in employment raises concerns about sustaining government income and benefits like Social Security.…
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Om Malik has been doing some of the sharpest behind-the-scenes AI business coverage out there. If you’re not following him at om.co, fix that now. His latest piece: OpenAI is offering private equity firms a guaranteed 17.5% return to join joint ventures. Om’s read is that this is the kind of deal you do when…
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Satoshi Nakamoto drew from the history of cryptocurrencies since David Chaum’s seminal blinding formula in the 1980s. He postulated that the flaw with existing approaches to cryptocurrencies was that a single powerful attacker could undermine and destroy the system. In order to to defeat the powerful attacker, Satoshi decentralised the control of the cryptocurrency over an…
nitin badjatia 