On The Wire: Today's Top Stories In Finance & Tech
Your daily briefing of some of the most important stories from the crypto, finance, and tech space.
Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.
In today's roundup, trading patterns signal a bull market through higher lows, even against negative news. The spotlight turns to China's shadow banks, operating with minimal regulation, yet pivotal to the economy's health. Additionally, the concept of superintelligent AI emerges, promising unparalleled solutions but posing profound ethical and control challenges.
Trading 101: Higher Lows
One of the clearest signs of a bull market is a succession of higher highs, and higher lows. When these higher lows occur on negative news, that's particularly bullish.
What Are China's Shadow Banks?
These organizations operate separately to the conventional financial sector, and are subject to less regulation. The failure of large shadow banking institutions could have serious implications for the wider economy.
AI 101: Superintelligent AI
Superintelligent AI, exceeding human capabilities, promises solutions to complex problems but raises significant ethical and control challenges. It remains theoretical, demanding careful, responsible development and alignment with human values.
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