Skip to main content

Featured Story

## "The Future of Crypto Trading: Why Futures Will Reign Supreme, Even with a Bitcoin Spot ETF

Futures Will Remain the Premier Crypto Game, Even with the Arrival of a Bitcoin Spot ETF Introduction The impending approval of a Bitcoin spot ETF has garnered significant attention in the cryptocurrency market. However, despite the excitement surrounding this development, it is important to recognize that futures trading will continue to dominate the crypto landscape. The Chicago Mercantile Exchange (CME), a renowned platform for traditional finance investors, has been a pivotal player in the crypto futures market and is expected to maintain its supremacy even after the introduction of a Bitcoin spot ETF. This article explores the reasons behind the enduring dominance of futures trading and highlights the challenges faced by the spot ETF in gaining traction. The Decline of Bitcoin Liquidity One of the key factors contributing to the continued prominence of futures trading is the declining liquidity of Bitcoin. While a Bitcoin spot ETF may attract fresh money to the market, it cann

Unveiling a Global Advisory Body for AI Governance: Maximizing the Potential of AI for Humanity

o be used for malicious purposes such as spreading misinformation or generating deepfake content. While acknowledging the potential benefits of AI, Guterres emphasized the importance of responsible governance and ensuring that the technology is accessible to all.

The establishment of a global advisory body to oversee AI governance is a significant step towards addressing these concerns and maximizing the potential of AI for the betterment of society. With 39 members from various countries and backgrounds, the body aims to bring together diverse perspectives and expertise to guide the development and deployment of AI technologies.

Guterres highlighted the role of AI in addressing global challenges, such as predicting and addressing crises, advancing climate action, and achieving the Sustainable Development Goals. By leveraging AI, governments, civil society, and the United Nations can scale up their efforts and better serve populations in need. The potential for AI to leapfrog outdated technologies and bridge digital divides is also acknowledged, making it a crucial enabler and accelerator in today's fast-paced world.

However, Guterres also raised valid concerns regarding the concentration of AI expertise in a few companies and countries. This centralization could deepen global inequalities and exacerbate digital divides, hindering the equitable distribution of the benefits of AI. Additionally, the risks of misinformation, surveillance, invasion of privacy, fraud, and violations of human rights cannot be ignored. The introduction of ChatGPT, a tool developed by OpenAI, has further heightened these concerns, as its ease of use and potential misuse raise ethical and societal questions.

To tackle these challenges, Guterres stressed the importance of responsible harnessing of AI and ensuring its accessibility to all, especially developing countries that can benefit the most from its applications. The new governance body is expected to play a crucial role in guiding AI development and deployment in a manner that minimizes risks and maximizes benefits. By promoting transparency, accountability, and inclusivity, the body can help shape the future of AI governance and ensure that its potential is harnessed responsibly.

In conclusion, the unveiling of a global advisory body for AI governance marks a significant milestone in the quest to harness the potential of AI for the betterment of humanity. While acknowledging the numerous benefits that AI can bring, UN Secretary General António Guterres also highlighted the associated risks and challenges. By addressing issues such as centralization of AI expertise, digital divides, and ethical concerns, the new governance body aims to guide the responsible development and deployment of AI technologies. With its diverse membership and focus on inclusivity, the body has the potential to shape a future where AI serves as an enabler of progress and a tool for addressing global challenges.


Trending Stories