Overstock CEO on Blockchain: 160 Industries Could be Disrupted
Overstock.com became the first major retailer to accept cryptocurrency in 2014 when bitcoin was trading under $500. Now, the company is tripling down on its bitcoin bet. Patrick Byrne, CEO of Overstock.com, was with us to explain the future of blockchain.
The Overstock.com CEO expresses why he is so bullish on blockchain. Byrne believes we can "remake society" using the technology. He believes that what the internet did to publishing, blockchain will do to 160 industries. When it comes to picking individual cryptocurrencies, Byrne is agnostic. He shares that he does not favor bitcoin over any of the others.
Wall Street has been hesitant to accept bitcoin. Byrne says it is appropriate to move cautiously and thinks firms have been reasonably defensive. He does, however, add that those who take the risk will be rewarded.
The head of the artificial intelligence company that makes ChatGPT told Congress on Tuesday that government intervention "will be critical to mitigate the risks of increasingly powerful” AI systems.
The head of the artificial intelligence company that makes ChatGPT will testify before Congress as lawmakers call for new rules to guide the rapid development of AI technology.
Social media has increasingly posed serious risks for children. Cheddar News provided some tips for parents on how to keep kids safe and foster a safer environment.
