News > Capital Markets, FinTech

Elon Musk Thinks AI Could Create an 'Immortal Dictator'
Elon Musk's paranoia about artificial intelligence is well established by now, having once told Bloomberg's Ashlee Vance - who happens to also be Musk's biographer - that by developing AI, his friend Larry Page, co-founder of Google and CEO of Alphabet, could accidentally build “a fleet of artificial intelligence-enhanced robots capable of destroying mankind.” After that doozy, anything else Musk
Report: George Soros Will Begin Trading Cryptocurrencies, Which He Once Called a Bubble
Bitcoin and other digital assets have taken a beating lately, but that isn't deterring George Soros' $26-billion family office to begin trading cryptocurrencies, Bloomberg reports. The New York-based Soros Fund Management gave Adam Fisher, who oversees macro investing for the fund, "internal approval to trade virtual coins in the last few months," according Bloomberg. However, sources tell Bloomberg that Fisher
How Intel Might Be Affected If it Loses Apple As a Customer
Intel Corporation (NASDAQ: INTC) stock tanked Monday following a report by Bloomberg that Apple Inc. (NASDAQ: AAPL) intends to start producing its own PC chips as soon as 2020. It didn’t take long for Wall Street to react to the latest threat to Intel’s business. Here’s a look at what analysts have to say about the report and the type
Using Social Media to Accelerate Drug Development: 'The Only Way to Change the Paradigm'
For Kent Thoelke, the job of PRA Health Sciences Inc (NASDAQ: PRAH)’s chief scientific officer is part drug development, part social media management. The disparate responsibilities seem to have disparate aims, but PRA swears that patient engagement is critical to pharmaceutical pipelines. The Problem PRA Health conducts clinical drug development worldwide, and experience shows the average drug takes 10-12 years
Join NexChange as We Explore Blockchain, AI and the Ecosystem of Innovators Transforming the World
While blockchain has been around for nearly a decade now - first launched as a database for Bitcoin in 2009 - the technology seems to be taking on a new life, shedding its identity as that thing that has something to do with Bitcoin, and now being seen as the future of innovation for practically every data-driven industry. In other
Telegram Has Raised $1.7B Through its ICO - But Might Not Be Finished
Popular encrypted messaging app Telegram has now raised $1.7 billion in its initial coin offering, making it the world's largest ICO, Bloomberg reports. Telegram indicated in its filing to the U.S. Securities and Exchange Commission on Thursday that it had raised $850 million from 94 investors in March. It had already raised another $850 million through its ICO in February.
Bitcoin Has Lost 48% So Far This Year
Bitcoin fell as much as 7 percent on Thursday and has lost a staggering 48 percent so far this year, as Bloomberg reports. The world's biggest cryptocurrency dipped below $7,500 during trading on Thursday, according to data from Coinbase. Bloomberg notes that it is the lowest level Bitcoin has fallen on a closing basis since early February. Looming over the
Report: Mark Zuckerberg Planning to Testify Before Congress Over Data Scandal; Facebook Tries to Simplify its Privacy Tools
After refusing a request to appear before the British parliament to address the Cambridge Analytica data scandal, Facebook CEO Mark Zuckerberg is now expected to testify before Congress over the same matter, the Wall Street Journal reports. The Journal notes that Zuckerberg hasn't formally accepted an offer to appear before Congress and many "details have yet to be hammered out,"
Ease Your House Hunting Stress With These Home Buying Mobile Apps
From productivity to cooking, mobile apps have revolutionized the way people go on with their daily lives. Now, mobile apps assist with the home buying process as well. They save time and synthesize volumes of research to provide live pricing information. Here are some of the best mobile apps for home buying. Zillow App: Price Properties And Gather Neighborhood Data
Gene Munster: After Facebook Fallout, Investors Could Flock to Privacy Safe Havens
Amid the fallout over Facebook, Inc. (NASDAQ: FB)’s privacy concerns, investors may pay special attention to “privacy safe havens” Apple Inc. (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN), said Loup Venture's Gene Munster. Facebook’s New Risk Factors After news broke of unauthorized user data being collected through Facebook by the firm Cambridge Analytica, the social media platform became exposed to the risk of user attrition due to lost trust, Munster said in