AI's rapid advancement is causing significant job cuts across major companies, with UPS, Google, and BlackRock among those impacted, raising concerns that it could automate 300 million full-time jobs globally by the decade's end. Despite potential benefits, over half of Fortune 500 companies view AI as a substantial risk, particularly in media and technology, where fears of competitive disadvantage and operational challenges loom large. And Ric answers a listener question about the future of investing in XT, bitcoin and Ethereum ETFs as a vital next step, building on the success of the iShares Exponential Technologies ETF he launched in 2015, while connecting it to emerging technologies like AI.
#AI #JobLoss #Automation #Fortune500 #TechIndustry #Media #JobSecurity #AIConcerns #CorporateRisks #FutureOfWork #Innovation #CostEfficiency #BusinessImpact #WorkplaceChanges #Crypto #Investing #ExponentialTechnologies #AI #ETFs #Blockchain #FinancialMarkets #Innovation #Bitcoin #Ethereum
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Links from today’s show:
Ric’s bestseller - The Truth About Your Future: https://www.amazon.com/Truth-About-Your-Future-Money/dp/1501163817/
Ric’s bestseller - The Truth About Crypto: https://a.co/d/7PuAkTk
iShares exponential technologies ETF symbol XT: https://www.ishares.com/us/products/272532/ishares-exponential-technologies-etf
9/25 Webinar - Unlocking Alpha in Crypto-Equities and Beyond: https://dacfp.com/events/unlocking-alpha-in-crypto-equities-and-beyond
9/20 Webinar Replay - Q4 Crypto Outlook: What You Need to Know Now: https://dacfp.com/events/q4-crypto-outlook-what-you-need-to-know-now
9/11 Webinar Replay – Rates are Poised to Drop, Now What?: https://www.thetayf.com/pages/rates-poised-to-drop-now-what
Become Certified in Blockchain and Digital Assets: https://dacfp.com/certification/
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THE TRUTH ABOUT YOUR FUTURE with Ric Edelman