Elon Musk Predicts Arrival of Superintelligent AI Next Year 🤖 Google Introduces Gemini Pro to Android Studio

Good morning. It's Tuesday, Apr. 9 and we're covering, Jamie Dimon Foresees AI Impact Comparable to Major Technological Inventions, Google Introduces Gemini Pro to Android Studio for Coding Assistance, Leaders Urge Israel to Avoid Offensive Attack On Rafah In Gaza, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $2.66 Trillion, a 2.20% increase in the last 24 hours.

• The total crypto market volume over the last 24 hours is $105.46B, which makes a 68.54% increase.

• The total volume in Defi is currently $10.17B, 9.73% of the total crypto market 24-hours.

• The volume of all stablecoins is now $94.2B, which is 90.18% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 52.35%, a decrease of 0.50% over the day.

BUSINESS & FINANCE

Jamie Dimon Foresees AI Impact Comparable to Major Technological Inventions

Jamie Dimon, the CEO of JPMorgan Chase, has articulated his conviction that artificial intelligence (AI) will exert a profound influence on society. In his annual letter to shareholders unveiled on Monday. Expressing profound anticipation about the transformative potential of AI, Dimon stated, "While we do not know the full effect or the precise rate at which AI will change our business or how it will affect society at large we are completely convinced the consequences will be extraordinary."

Why it matters: Dimon's recognition of AI's significance may signal investment opportunities in AI-related sectors, such as technology, data analytics, and machine learning. Understanding AI's impact can guide investors in identifying potential growth areas and allocating resources strategically. ( Read Deeper )

Tesla Settles Lawsuit Over Fatal Crash Involving Autopilot Software

The family of a Silicon Valley engineer, Walter Huang, who tragically died in a crash involving Tesla's semi-autonomous driving software, has settled with the electric car maker. The lawsuit, filed in 2019, alleged negligence and wrongful death, seeking to hold Tesla, and CEO Elon Musk, responsible for allegedly overstating the capabilities of its self-driving technology. The settlement, the details of which were not disclosed in court documents filed on Monday, comes just before the trial was set to commence.

Takeaway: The incident raised concerns about the safety and reliability of Tesla's Autopilot technology, with critics arguing that Musk's promotional statements about the system may have led drivers to overestimate its capabilities. This case is one of several across the United States questioning the effectiveness and marketing of Tesla's autonomous technology. ( Read Deeper )  

TECHNOLOGY & SCIENCE

Google Introduces Gemini Pro to Android Studio for Coding Assistance

Google has unveiled Gemini Pro, a new feature integrated into Android Studio it aimed at providing advanced coding assistance. With the rollout of Gemini Pro, developers utilizing Android Studio will benefit from enhanced capabilities and functionalities. Gemini Pro is being integrated into the Android Studio Jellyfish version, making it available to developers in over 180 countries.

Why it matters: Google's move to introduce Gemini Pro underscores its commitment to offering competitive developer tools and solutions. Google aims to provide developers with powerful coding assistance tools that rival existing offerings in the market, such as GitHub Copilot. ( Read Deeper )

Elon Musk Predicts Arrival of Superintelligent AI Next Year

Tesla CEO Elon Musk made a bold prediction: artificial intelligence (AI) will surpass the intelligence of the smartest human, potentially as soon as next year or by 2026. Musk shared insights on the development of AI, particularly highlighting the limitations and challenges facing its advancement. He noted that while AI's progress is constrained by factors such as the availability of electricity and advanced chips, significant strides are being made.

Takeaway: Elon Musk's prediction that artificial intelligence (AI) will surpass the intelligence of the smartest human, possibly as early as next year or by 2026. Musk highlighted the challenges and constraints facing AI development, such as the availability of electricity and advanced chips, but expressed optimism about its future impact. ( Read Deeper )

AROUND DE WORLD & POLITICS

Leaders Urge Israel to Avoid Offensive Attack On Rafah In Gaza, Warn of "Dangerous Consequences"

In a joint effort to prevent further escalation of the conflict in the Middle East, leaders from Egypt, France, and Jordan have issued a stern warning to Israel against launching an offensive on the southern Gaza city of Rafah. The warning comes amid rising tensions and speculation about Israel's intentions regarding Rafah. Israeli Prime Minister Benjamin Netanyahu hinted at an impending offensive, citing the need to eliminate terrorist elements in the area.

Why it matters: The joint statement emphasized the need for Israel to comply with a recent UN Security Council resolution calling for an immediate ceasefire and the release of all hostages held by Hamas. As the situation in Gaza remains precarious, leaders from Egypt, France, and Jordan have reiterated their commitment to finding a peaceful resolution to the conflict. ( Read Deeper )

The U.S. Is Ready to Sanction Chinese Entities Aiding Russia in Ukraine Conflict, Yellen Warns

U.S. Treasury Secretary Janet Yellen issued a stern warning on Monday, stating that the United States stands prepared to impose sanctions on Chinese banks, companies, and leadership if they assist Russia's military efforts in the ongoing conflict in Ukraine. Yellen's remarks came as part of her broader economic message delivered during her visit to China over the past few days. Yellen clarified that China is entitled to maintain a relationship with Russia, acknowledging that much trade between the two nations is not problematic from the U.S. perspective.

Takeaway: The economic tensions between the U.S. and China have been a focal point in recent years, exacerbated by former President Donald Trump's tariffs and trade policies. Despite efforts to thaw relations, including a meeting between President Biden and Chinese President Xi Jinping last November, trade tensions remain a significant aspect of the bilateral relationship. ( Read Deeper )

ENTERTAINMENT & SPORTS

Robert Downey Jr. Open to Returning as Iron Man, Despite Oscar Win for "Oppenheimer"

Fresh off his first Oscar win for his role in "Oppenheimer," Robert Downey Jr. is showing no signs of turning his back on his Marvel legacy. In a recent interview with Esquire, the actor expressed willingness to reprise his iconic role as Iron Man in the Marvel Cinematic Universe (MCU). Downey acknowledged the significance of his portrayal of Tony Stark/Iron Man, stating that the role is deeply ingrained in his identity. ( Read Deeper )

How Real Madrid Rivalry Came to Define Manchester City's Ascent to Europe's Best

Manchester City's journey to the summit of European football has been punctuated by their encounters with Real Madrid, marking a significant chapter in the club's evolution from underdog to powerhouse. As they prepare for their sixth visit to the Spanish capital in a dozen years, the narrative of City's rise intertwines with their clashes against the formidable Spanish giants. ( Read Deeper )

PODCAST(WHAT WE ARE LISTENING TO)

Renowned investor Warren Buffett is not only celebrated for his financial acumen but also for his insights into corporate governance ( Listen )

EXTRA BREVITI

• Republicans are increasingly aligning themselves with former President Donald Trump's hardline stance on abortion. ( Read More )

• United States government is reportedly set to grant Samsung Electronics Co Ltd up to $6.6 billion in subsidies for its planned expansion in Texas ( Read More )