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Onramp Media

The Last Trade E032: New Year Narratives: AI & ETFs with Matt Dines

Jan 5, 2024
Matt Dines (Expert in AI and ETFs) joins the hosts to discuss the impact of AI on the economy and job market, challenges and understanding of building large language models, the shift in allocations and the need for training, the disconnect between the stock market and the economy, the introduction of Bitcoin Depository Receipts, the involvement of global institutions in the Bitcoin market, the importance of Bitcoin UTXOs and the geopolitical advantage, the increasing interest in Bitcoin among Wall Street investors, the anticipation for the future of Bitcoin and the structure and liquidity of ETFs.
02:27:46

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • AI automation is impacting the job market, displacing workers but also creating new opportunities.
  • Approval of Bitcoin ETFs will lead to increased capital inflow, price discovery, and market participation.

Deep dives

The Impact of AI on the Job Market

AI technology is having a significant impact on the job market as more tasks become automated and certain jobs are rendered obsolete. This is reflected in the data, with a decrease in the number of people quitting their jobs and a decline in hiring levels. The shift towards automation and AI tools is creating a shift in the workforce, with white-collar workers particularly susceptible to job displacement. However, there is potential for individuals to adapt and create new opportunities by leveraging AI tools in their own ventures. It remains to be seen how this transition will impact the overall job market and the need for initiatives like universal basic income.

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