Big Tech | Crypto

South Korean traders poured $259 million into Ether-hoarding firm BitMine in July, making it the country’s most-purchased overseas stock. South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities.  A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in January to 36.5% in June before declining to 31.5% in July.  The report added that net purchases of the top US Big Tech companies dropped to $260 million in July, down 84% from a monthly average of $1.68 billion between January and April.  Read more

Superior agents are set to disrupt Big Tech’s monopoly on AI. Welcome to a decentralized revolution that democratizes access and reshapes industries. Superior agents bring advanced, self-improving intelligence to all. Opinion by: Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI The puppet show is ending. The Brookings Institution found that generative artificial intelligence may disrupt at least 50% of tasks performed by more than 30% of all workers. The same study also estimates that genAI may affect at least 10% of tasks performed by approximately 85% of the human workforce. The TL;DR from these stats? AI’s effects are likely to be both broad and deep. Read more