The bitcoin surge is showing no signs of slowing down. The price of the cryptocurrency rising $1,000 in less than 24 hours. Joe Lubin, Co-Founder of cryptocurrency Ethereum, joined Cheddar to discuss the future of blockchain and digital money.
Lubin says the future of fintech is blockchain. He believes the general population is pretty naive about blockchain, and notes that it takes years for these kind of technologies to ramp up their adoption curves. Despite the high learning curve, Lubin thinks people are catching on quickly.
Many people are viewing bitcoin as gold 2.0. He says functioning as a store of value shouldn't be where application of the technology ends. He says bitcoin is like a money system, whereas ethereum is a decentralized worldwide web.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
AI is transforming industries and raising ethical questions. UCLA Professor Hal Hershfield discusses "Your Future Self" and AI's impact on psychology and media.
