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In a letter from Digital Currency Group shareholders, CEO Barry Silbert talks about deAI (Decentralized AI): the cryptocurrency industry's efforts to merge artificial intelligence innovation with blockchain technology. He believes that this technological convergence of deAI could lead to better returns for humanity than closed systems developed by OpenAI and other giants. DCG has invested $105 million in more than a dozen deAI projects, Barry Silbert said.
Stifel, Nicolaus & Co.'s Barry Bannister expects the S & P 500 to climb another 10 percent, before changing course next year and falling to early 2024 levels. Despite optimism about the U.S. economy and the Federal Reserve's interest rate cuts, the benchmark, which is up nearly 40 percent from October, is already way too high, the strategist said in a note Tuesday. He said analysis of the century-old market frenzy suggests the S & P 500 could rise to around 6,400 and then fall back to 4,700 in 2...
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