Coinbase’s stock price will continue to be “weighed down” until regulators establish the legal “rules of the road” in the United States, Citi analysts say. The bankfrom “buy” to “neutral” and lowered its price target, citing “too many unknowns” as the company battles it out with regulators. However, bearish sentiment on Coinbase’s stock is not stopping investment firm ARK Invest from increasing its exposure to the crypto exchange.
for its exchange-traded funds on May 1, worth nearly $8.5 million. In April, ARK bagged 304,300 shares worth $17.5 million. Previously, the firm bought 2.4 million shares in March for about $117 million.7,800 jobs at IBM could be replaced by AI within years, CEO suggestsautomated by artificial intelligence
instead. According to the company CEO, Arvind Krishna, back-office positions, such as those in human resources and accounting departments, will likely be the first to be automated by AI. Nearly 30% of these positions will “easily” be replaced by AI over five years, claimed Krishna in an interview. IBM employs 282,000 employees globally, according to LinkedIn data. Non-customer-facing staff sits at nearly 26,000.
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Source: CNBC - 🏆 12. / 72 Read more »