Tech
Learn To Ride The AI And Blockchain Tech Tsunami
New Education Methods (Photo by Qu honglun/China News Service via Getty Images)
China News Service via Getty Images
In the emerging tech space, having strong education really makes a difference in your ability to win the highest-possible salary and, even more importantly, to enhance your decision making and increase innovation for your new company. With LinkedIn Data predicting a 65% shift in job skills by 2030 due to AI and Blockchain, we need to learn both in traditional ways and in new ways.
The trend of requiring degrees for jobs irrespective of their relevance, known as “degree inflation,” began in the early 2000s, sidelining skilled workers without formal education.This shift away from traditional education prerequisites signifies a broader transformation in job qualification narratives, advocating for skills over degrees.
Initiatives to prioritize skills and competencies over academic credentials have gained momentum. A pivotal move was made towards skills-based hiring within federal employment practices. Mirroring this progressive stance, over 16 states have enacted legislation aimed at dismantling degree requirements for public sector jobs. This evolving landscape heralds the dismantling of the ‘paper ceiling,’ championing a skills-first approach that promises to redefine the workforce, making it more inclusive and meritocratic.
A woman views historical documents and photographs displayed in a high tech art installation at … [+] Salt Galata in Istanbul, Turkey. (Photo by Chris McGrath/Getty Images)
Getty Images
Emerging technologies are rapidly driving the creation of new education models that emphasize real-world simulations to maximize learners’ outcomes. This means not only new topics to learn but also new ways to study. Ambitious professionals at all career stages must understand new developments in AI and blockchain. So, what does a great education look like?
Value of Education
Multiple reports on emerging jobs have consistently highlighted roles in AI and blockchain among the fastest-growing job categories; meanwhile analysts predict that the AI market will grow by a factor of 20 over the course of the ‘20s. According to these same surveys, roles requiring knowledge of AI and blockchain are among the highest paying in the tech sector. For example, blockchain developers and AI specialists often pay higher than their counterparts in other IT roles.
And make no mistake: upskilling doesn’t just benefit the individual. Companies that invest in employee AI and blockchain education see major improvements in innovation and productivity. According to a Deloitte survey, organizations that use these technologies effectively are more likely to report strong growth. Employees skilled in AI and blockchain can drive innovation by developing new products, services, and processes.
Fortune/Deloitte CEO Survey
Fortune/Deloitte CEO Survey
A PwC report suggests that AI could contribute up to $15.7 trillion to the global economy by 2030. Companies with employees skilled in these areas are better positioned to tap into this potential, and gain a competitive edge in their industries.
We must never forget that technology is a tool, and it’s useless (or worse!) if we don’t have the knowledge or skills to use it effectively. Ben Bartlett, Vice Mayor of Berkeley, puts it best: “Here’s the thing – education and innovation are essential to advance the human cause. The conditions of the world are becoming so hard on people. In order to avoid reaching a breaking point, we need to advance an equitable expansion of resources. It’s important for education systems to embrace innovation and advance the human cause.”
Ben Bartlett, Vice Mayor of Berkeley
Ben Bartlett, Vice Mayor of Berkeley
Here are some of the new forms of education in the Age of AI.
Hackathons:
These intense, often highly focused events are a hotbed for creativity, where participants ranging from students to seasoned professionals dive into the depths of problem-solving and rapid prototyping. In the collaborative spirit of hackathons, individuals learn by doing, a principle that stands at the heart of educational philosophies that champion active learning. They are pushed to explore new technologies, tools, and methodologies, bridging the gap between knowing and understanding.
Hackathons exemplify the power of collaborative learning and the synthesis of diverse skill sets. This crucible of collective intelligence is invaluable for learning as it mirrors the dynamics of the modern workplace, where interdisciplinary collaboration is key to innovation. The hands-on experience gained in hackathons goes beyond technical skills; it encompasses teamwork, communication, and time management — all essential attributes for personal and professional growth. Through the iterative cycle of ideation, creation, and presentation, hackathons provide a microcosm of the project lifecycle, offering a practical education that empowers individuals to transform ideas into tangible outcomes.
ETHDenver BuidlWeek
ETHDenver
For example, the blockchain conference ETHDenver sponsors a hackathon every year to help companies learn about the power of AI and blockchain. ETHDenver is the world’s largest Web3 and Ethereum-based innovation festival.
“ETHDenver has been hosting #BUIDLWeek and the #BUIDLathon as a way to bring together people from diverse backgrounds and skill levels who share a common interest in blockchain. It is a major part of the world’s largest innovation festival. These events are crucial for developing skills, and educating festival attendees (BUIDLers) through a range of technical presentations, workshops, and mini-summits,” John Paller, the Co-Founder and Executive Steward of ETHDenver, explained to me.
He continued with some very important points on community. “Community engagement is another important factor for #BUIDLWeek and the #BUIDLathon as it allows people to connect in real life, network, and develop a deep sense of community. Our mentors and speakers are world-class, coming from the top protocols and platforms from all over the world to be here. The same goes for our judges. We are a big tent and a blank canvas to empower people to come together and build the next big project or upgrade. #BUIDLWeek and the #BUIDLathon help to promote adoption and acceptance of blockchain technology. It’s an opportunity for the curious to learn and see first-hand what is possible within this wild world of Web3. These events serve as a catalyst for innovation.”
The New Targeted University:
Many focused, university-like programs are popping up to deal with the challenge of people struggling to understand emerging technologies. For example, De University of Ethereum
ETH
(UETH) has been created to meet the urgent need to train the next generation on blockchain. To date, this program has brought on over 100 chapters from around the world who are interested in getting access to resources to help their local blockchain clubs and university communities grow. This program provides a clear path to help students make their way from initial education to project-based learning with mentorship support, which leads to acceleration and funding for top projects.
Rachel Brissenden, UETH
Rachel Brissenden, UETH
“When it comes to blockchain adoption, education is essential,” says Rachel Brissenden, who curates, leads and hosts workshops at UETH “We need to put an emphasis on showcasing how blockchain solves real problems, while offering individuals a clear pathway to get involved. After hosting weekly UETH workshops and facilitating in person workshops at colleges like USC and UCLA, the following is clear to me: the next generation is HUNGRY to learn how blockchain can be leveraged for good. Students around the world are getting excited about it, and I am enthusiastic about our efforts at UETH to foster that spark!”
Bootcamps:
By providing hands-on, practical training, these boot camps prepare participants for immediate, impactful engagement with emerging technologies.
An exemplary manifestation of this approach is the 100 Girls in Blockch(AI)n initiative, aimed at harnessing the potential of blockchain and artificial intelligence to address the challenges faced by India’s ‘bottom billion’. This venture not only equips 100 girls with cutting-edge skills but also positions them at the forefront of creating generative AI solutions across critical sectors such as education, agriculture, healthcare, and finance.
Priyanka Kamath, CEO and Founder, 100 Girls In Blockch(AI)in with participants in the bootcamp
Priyanka Kamath
As Priyanka Kamath, founder 100 Girls GenAi, explained to me: “The 100 GIGA project is developing large language models (LLMs) tailored for India’s diverse and underserved populations in smaller cities, focusing on education, finance, healthcare, and agriculture sectors. It aims to support millions of students and farmers, reduce school dropouts, and decrease the workload of pediatric surgeons, leveraging AI for societal improvements. These scalable AI solutions are set to be launched on AWS Marketplace, built upon advanced foundational models like Llama2 and Claude Cohere for widespread access.”
Girls In Tech Bootcamp
Girls in Tech
Another group that understands the immense significance of innovation and emerging technology is Girls in Tech, the organization dedicated to empowering women (I am a board member). Across the globe, girls and women are encouraged to become leaders. Not only does it pave the way for gender equality in traditionally male-dominated fields, but it also ensures diverse perspectives and solutions in technological advancements.
Adriana Gascoigne, Founder and CEO of Girls in Tech, emphasizes the critical role of innovation and education in shaping the future of technology. She states, “Innovation is the lifeblood of progress, and education is its catalyst. At Girls in Tech, we recognize the transformative power of emerging technologies like AI. Our commitment to fostering innovation and providing educational opportunities is evident in initiatives like the Girls in Tech’s Emerging Tech in AI Bootcamp.”
Adriana Gascoigne, CEO and Founder
Girls in Tech Bootcamp
AI to learn about AI:
As the demand for task automation and personalized learning experiences grows, technologies within AI such as Natural Language Processing, Machine Learning, Speech, and Image Recognition are significantly enhance the educational landscape, providing customized lessons, round-the-clock support, and automated assessments that could revolutionize how students learn. Reflecting this trend, a P&S Intelligence market report notes that the value of the global AI in education sector, which was at $1.1 billion in 2019, is anticipated to surge to $25.7 billion by 2030, with a compound annual growth rate (CAGR) of 32.9% from 2020 to 2030.
The AI Education Project is a non-profit organization that creates equitable learning experiences to empower students with AI literacy. They provide a range of learning materials and resources that aim to make AI education accessible to all students, including those from vulnerable communities. DataCamp offers guidance on how to learn AI from scratch, covering the prerequisite skills such as basic mathematics and programming, before diving deeper into specialist AI skills like statistics, mathematics, programming, and data manipulation.
PRODUCTION – 26 July 2023, Baden-Württemberg, Karlsruhe: Students at a high school sit in front of a … [+] computer and use an AI tool. A class at Lessing Gymnasium used artificial intelligence to work on Büchner’s drama fragment “Woyzeck”. Students worked together with the AI on tasks related to the text. Photo: Philipp von Ditfurth/dpa (Photo by Philipp von Ditfurth/picture alliance via Getty Images)
dpa/picture alliance via Getty Images
There are several startups that are using AI to teach AI concepts to beginners. For example, Riiid is a South Korean startup that provides an AI Tutor solution aiming to disrupt the education market with its advanced AI technology. In the UK, Century Tech has developed an AI teaching and learning platform for schools, colleges, and universities that uses AI, big data, and neuroscience to tailor educational content to individual student needs. Another example is Amira Learning from the USA, which offers an intelligent reading assistant that helps improve language fluency and provides diagnostic insights.
Jump on Board:
Employing more progressive education methods will help all learn in a way that fits the new future of work. By adapting now, we can ensure that the future workforce is not only prepared but proficient in leveraging the full spectrum of opportunities that AI, blockchain, and other frontier technologies present.
Tech
Hollywood.ai by FAME King Sheeraz Hasan Promulgates a Complete Ecosystem that Unites Web3, Cryptography, AI and Entertainment for Spectacular Global Tech Innovation
The one and only FAME King Sheeraz Hasan is launching Hollywood.ai, a revolutionary platform designed to integrate the cutting-edge realms of Web3, cryptocurrency, AI, finance and entertainment. This revolutionary initiative is set to create a seamless, interactive and intuitive ecosystem where the world’s leading technology luminaries can collaborate on innovations, ultimately redefining the future of digital interaction.
Hollywood.ai represents the convergence of the most complex technologies of all time. Fusing Web3 principles, cryptocurrency utilities, AI advances, and financial machinery, Sheeraz’s platform aims to become the nucleus for innovation and modernization. It provides a high-tech environment where technology and creativity collide harmoniously, paving the way for new paths in the digital economy.
A defining feature of Hollywood.ai is the integration of cryptocurrency into the AI ecosystem, transforming AI into a tokenized asset with full cryptographic utility. Sheeraz’s novel approach presents new avenues to leverage the myriad capabilities of AI in the financial realm, unlocking unprecedented opportunities for developers and users alike. Through the amalgamation of AI and cryptocurrency, Hollywood.ai is paving the way for an incredibly interconnected digital space unlike anything seen before.
The platform’s design emphasizes the undeniable symbiosis between various technology sectors. Under Sheeraz’s careful orchestration, Web3 technologies facilitate decentralized collaboration, while AI tools offer enhanced potential for data analytics, content creation, and audience engagement. Additionally, the inclusion of financial innovations ensures rapid mobility of both monetization and investments, providing a holistic environment that meets the ever-evolving demands of the technology and entertainment segments.
Sheeraz’s Hollywood.ai is poised to become the premier hub for industry leaders, developers, and creators to support and empower the next generation of digital experiences. This initiative aspires to drive the emergence of new tools, applications, and services that set new standards for advanced engagement and interaction.
Known for making the impossible possible, Sheeraz envisions a future where global audiences actively participate in designing the next A-list stars from scratch. Hollywood.ai will allow users to watch their creations evolve from simple concepts to 3D talents that can act, sing and perform just like human actors.
The Hollywood.ai platform leverages AI technology to deliver personalized fan engagement, real-time sentiment analysis, and informed content creation. By combining cutting-edge AI capabilities with Sheeraz’s deep understanding of celebrity branding, Hollywood.ai gains immense control over public figures.
Undeniably, FAME’s number one strategist Sheeraz Hasan continues to cement his reputation as a pioneer in the fields of FAME and technology. The power and influence of this latest development brings him closer to total world domination.
Tech
Online Broker Futu Offers Cryptocurrency Trading in Hong Kong, With Nvidia and Alibaba Stock as Rewards
Futu Securities International, Hong Kong’s largest online broker, has launched retail cryptocurrency trading in the city, offering shares of Alibaba Holding Group AND Nvidia as a reward in an attempt to attract investors. Futu has begun allowing Hong Kong residents to trade Bitcoin and ether, the world’s two largest cryptocurrencies, directly on the brokerage platform using Hong Kong or U.S. dollars, the company announced Thursday.
The online retail broker said last month that it had received an upgrade to its securities license from the Securities and Futures Commission (SFC), allowing Futu to offer virtual asset trading services to both professional and retail clients in the city.
Futu’s move comes as Hong Kong seeks to boost its attractiveness as a business hub for virtual assets, with the city government launching a series of new cryptocurrency policy initiatives over the past two years, including a mandatory licensing regime for cryptocurrency exchanges.
In addition to offering cryptocurrency trading on its flagship brokerage app, Futu is also seeking a cryptocurrency trading license for its new PantherTrade platform. That platform is among 11 in Hong Kong that are currently “deemed licensed” for cryptocurrency trading, an arrangement that allows them to operate in the city while they await full approval from the SFC.
Hong Kong’s progress in becoming a crypto hub has encountered various challenges, including exit of the major global platforms and relatively low trading activity for cryptocurrency exchange-traded funds offered on local stock exchanges.
Futu is now offering a series of incentives to potential investors, amid a cryptocurrency bull market that has seen the price of bitcoin rise 45 percent this year.
Hong Kong investors who open accounts in August and deposit HK$10,000 (US$1,280) over the next 60 days can receive HK$600 worth of bitcoin, a HK$400 supermarket voucher or a single Chinese stock. e-commerce giant Alibaba. Alibaba owns the South China Morning Post.
By holding 80,000 U.S. dollars for the same period, users can get 1,000 Hong Kong dollars in bitcoin or a share of U.S. artificial intelligence (AI) chip maker Nvidia, whose shares have risen more than 140 percent this year.
A Futu representative said the brokerage firm will also waive cryptocurrency trading fees starting Thursday until further notice.
Futu is the first online brokerage in Hong Kong to allow retail investors to buy cryptocurrency directly on its platform. SFC rules require it to offer this service through a tie-up with a licensed cryptocurrency exchange. Futu is partnering with HashKey Exchange, one of only two licensed exchanges in Hong Kong, according to the representative.
Futu’s local rival Tiger Brokers also said in May that it had begun offering cryptocurrency trading services to professional investors on its platform following a license update. The SFC defines professional investors as those with more than HK$8 million in their investment portfolios or corporate entities with assets exceeding HK$40 million.
Tech
Tech Crash: $2.6 Trillion Market Cap Vanishes as ‘Magnificent 7’ Prices Stumble
A group of seven megacap tech stocks, often called the Magnificent 7, have lost more than $2.6 trillion in value over the past 20 days, or an average of $125 billion per day over the period. In total, these stocks have lost “three times the value of the entire Brazilian stock market.”
This according to the economic news agency Letter from Kobeissiwho noted on the microblogging platform X (formerly known as Twitter) that the Magnificent 7 batch “is worth as much as Nvidia’s entire current market cap in 20 days,” with Nvidia itself having lost $1 trillion from its high.
Source:Letter from Kobeissi on the X
The group, which includes Nvidia, Microsoft, Amazon, Apple, Alphabet, Meta and Tesla, has undergone a significant correction: in the last 20 days Nvidia has lost 23% of its value, or about $800 billion, while Tesla has fallen 19%, losing $164 billion.
Microsoft, Apple, Amazon, Alphabet and Meta all posted losses of between 9% and 15%, losing between $257 billion and $554 billion in market capitalization, wiping out a total of $200 billion more “than every single German stock market tock combined.”
Tech titans, which have outperformed the broader S&P 500 index since the market bottom of 2022, are now facing a reckoning as investors grow increasingly wary about the sustainability of their meteoric rise, with Nvidia taking the lead soaring 110% since the beginning of the year and over 2,300% in the last five years.
Earnings reports from these companies, starting with Microsoft and culminating with Nvidia in late August, will be closely watched for signs of weakness. Their performance could set the tone for broader market sentiment, with implications for everything from cryptocurrency to other high-risk assets.
Their poor performance comes after a leading macroeconomist, Henrik Zeberg, reiterated his forecast of an impending recession that will be preceded by a final wave in key sectors of the market, but which can potentially be the worst the market has seen since 1929the worst bear market in Wall Street history.
In particular, the Hindenburg Omen, a technical indicator designed to identify potential stock market crashes, began flashing just a month after its previous signal, raising concerns about a possible impending stock market downturn.
The indicator compares the percentage of stocks hitting new 52-week highs and lows to a specific threshold. When the number of stocks hitting both extremes exceeds a certain level, the indicator is said to be triggered, suggesting a greater risk of a crash.
Featured Image via Disinfect.
Tech
Trump Fights for Cryptocurrency Vote at Bitcoin Conference
To the Bitcoin Conference 2024 In Nashville, Tennessee, former President Donald Trump delivered a keynote speech.
Trump, the Republican presidential candidate, used the platform to appeal to the tech community and solicit donations for the campaign. During the conference, He said:
I promise the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over… If we don’t embrace cryptocurrency and Bitcoin technology, China will, other countries will. They will dominate, and we can’t let China dominate. They are making too much progress as it is.
Trump’s speech focused heavily on cryptocurrency policy, positioning it as a partisan issue. He said that if reelected, he would fire SEC Chairman Gary Gensler on his first day in office, a statement that drew enthusiastic applause from the audience. This statement marked a stark contrast to Gensler’s tenure, which has been characterized by rigorous oversight of the cryptocurrency industry.
The former president outlined several pro-crypto initiatives he would undertake if elected. These include transforming the United States into a global cryptocurrency hub, keeping all government-held Bitcoin as a “national Bitcoin reserve,” establishing a presidential advisory council on Bitcoin and cryptocurrency, and developing power plants to support cryptocurrency mining, emphasizing the use of fossil fuels.
Trump’s current embrace of cryptocurrencies represents a reversal from his stance in 2021, when described Bitcoin as a “scam against the dollar.” He also noted that his campaign has received $25 million in donations since accepting cryptocurrency payments two months ago.
The event featured other political figures, including Republican Senators Tim Scott and Tommy Tuberville, as well as Democratic Representatives Wiley Nickel and Ro Khanna. Independent presidential candidate Robert F. Kennedy Jr. also spoke at the conference.
Trump’s appearance at Bitcoin 2024 reflects growing support for his campaign from some tech leaders, including Tesla CEO Elon Musk and cryptocurrency entrepreneurs Cameron and Tyler Winklevoss.
While Trump has described the current administration as “anti-crypto,” Democratic Congressman Wiley Nickel said Vice President Kamala Harris is taking a “forward-thinking approach to digital assets and blockchain technology.”
This event underscores the growing political importance of cryptocurrency policy in the upcoming presidential election.
Kamala Harris and Democrats Respond on Cryptocurrencies
In a strategic move to repair strained relations, Vice President Kamala Harris’ team has initiated a dialogue with major cryptocurrency industry players. This outreach aims to restore the Democratic Party’s stance on digital assets and promote a more collaborative approach.
THE Financial Times reports that Harris’s advisors have reached out to representatives from industry leaders like Coinbase, Circle, and Ripple Labs. This move comes as the cryptocurrency community increasingly supports Republican candidate Donald Trump, reflecting growing dissatisfaction with the current administration’s cryptocurrency policies.
THE disclosure follows a letter from Democratic lawmakers and 2024 candidates urging the party to reevaluate its approach to digital assets. Harris’s team stresses that this effort is less about securing campaign contributions and more about engaging in constructive dialogue to develop sensible regulations.
The move is part of a broader strategy to reshape the Democratic Party’s image among business leaders, countering perceptions of an anti-business stance. Harris’ campaign aims to project a “pro-business, responsible business” message.
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