In this episode of “The Breakdown,” NLW discusses a fresh wave of investors and their potential disruptions to markets, including:
Two new major hedge funds, Point72 and Soros Fund
Inevitable short-term investors as part of market maturation
Troublesome possibility of regulation forming around institutional trading habits
In early 2020, institutional investors flowed into the crypto space nonstop, including hedge funds, corporate treasuries and insurance companies. This new type of investor changed the space, with surging and plunging prices following news of investors coming and going. Then the flood stopped as the always-controversial Elon Musk’s Tesla balked at bitcoin’s energy consumption and walked back accepting the top cryptocurrency in exchange for the company’s trendy vehicles.
In the last quarter, institutional investors have been stepping back into crypto. Point72, Steve Cohen’s company, stated it would be “remiss to ignore a now $2 trillion cryptocurrency market” and is looking to hire a “Head of Cryptocurrencies.” Besides Point72, internal management at George Soros’ Soros Fund has given the “greenlight to actively trade bitcoin.”
Are these two hedge funds just the tip of the iceberg for a resurgence in institutional investment? How will this new mass of money impact markets and regulation?
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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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Image credit: Sean Gallup/Getty Images Europe, modified by CoinDesk
In restricting transportation of all manner of products, the Jones Act disproportionately harms the poor and raises prices for everyone else. Republican Senator Mike Lee of Utah and Cato's Colin Grabow discuss the new effort to eliminate the law.
On today’s podcast: What happened in the Bill Cosby case? How best can we discuss the extraordinary life of Donald Rumsfeld, RIP? What is ballot harvesting? Will people believe elections are fair ever again? Give a listen. Source
Can backmasking really brainwash people who hear it? Did the CIA assassinate an American monk? Why are some gamers convinced legendary game creator Hideo Kojima is conspiring to work in secret on a new game? All this and more in this week's listener mail.
Accusers react as Bill Cosby's conviction is quashed. Dozens of deaths blamed on the heat. An illegal fireworks blast in Los Angeles. Correspondent Deborah Rodriguez has the CBS World News Roundup for Thursday, July 1:
Two years ago, the world watched as millions of people in Hong Kong marched in the streets to call for autonomy from China. Beijing responded by passing a national security law last summer that broadly defined acts of subversion, foreign collusion and terrorism. Critics say the law crushed civil liberties. Since it was enacted, many people have fled Hong Kong — some to neighboring Taiwan. Yet Taiwan, a self-governing island that China claims as its territory, is at risk as well.
Today, we start a two-part series on the Chinese Communist Party’s ambitions as it celebrates its 100th anniversary. This episode gets into the continued crackdown on freedom and democracy in Hong Kong, where authorities have arrested thousands of pro-democracy activists and shut down a major daily newspaper. We’ll also discuss China’s growing threats to absorb Taiwan. Tomorrow, how the Chinese Communist Party is rewriting China’s history.
Pomp and rhetoric marked the centenary of what are arguably the world’s most successful authoritarians. We sit in on the celebrations, tinged with paranoia; we look back to 1921 and how the party came to be and came to power; and we listen to the party-approved hip-hop that represents a new propaganda push.
How can you successfully deploy AI? When AI works, it’s nothing short of brilliant, helping companies make or save tremendous amounts of money while delighting customers on an unprecedented scale. When it fails, the results can be devastating.
Most AI models never make it out of testing, but those failures aren’t random. This practical guide to deploying AI lays out a human-first, responsible approach that has seen more than three times the success rate when compared to the industry average.
In Real World AI, Alyssa Simpson Rochwerger and Wilson Pang share dozens of AI stories from startups and global enterprises alike featuring personal experiences from people who have worked on global AI deployments that impact billions of people.
AI for business doesn’t have to be overwhelming. Real World AI uses plain language to walk you through an AI approach that you can feel confident about—for your business and for your customers.
Author Biographies:
Alyssa Rochwerger is a customer-driven product leader dedicated to building products that solve hard problems for real people. She delights in bringing products to market that make a positive impact for customers. Her experience in scaling products from concept to large-scale ROI has been proven at both startups and large enterprises alike.
She has held numerous product leadership roles for machine learning organizations. She served as VP of product for Figure Eight (acquired by Appen), VP of AI and data at Appen, and director of product at IBM Watson. She recently left the space to pursue her dream of using technology to improve healthcare. Currently, she serves as director of product at Blue Shield of California, where she is happily surrounded by lots of data, many hard problems, and nothing
but opportunities to make a positive impact. She is thrilled to pursue the mission of providing access to high-quality, affordable healthcare that is worthy of our families and friends.
Alyssa was born and raised in San Francisco, California, and holds a BA in American studies from Trinity College. When she is not geeking out on data and technology, she can be found hiking, cooking, and dining at “off the beaten path” restaurants with her family.
Wilson Pang joined Appen in November 2018 as CTO and is responsible for the company’s products and technology. Wilson has over nineteen years’ experience in software engineering and data science. Prior to joining Appen, Wilson was chief data officer of Ctrip in China, the second-largest online travel agency company in the world, where he led data engineers, analysts, data product managers, and scientists to improve user experience and increase operational efficiency that grew the business. Before that, he was senior director of engineering at eBay in California and provided leadership in various domains, including data service and solutions, search science, marketing technology, and billing systems. He worked as an architect at IBM prior to eBay, building technology solutions for various clients. Wilson obtained his master’s and bachelor’s degrees in electrical engineering from Zhejiang University in China.
Cloudways offers peace of mind and flexibility so you can focus on growing your business instead of dealing with server management. With Cloudways, you get an optimized stack, managed servers, backups, staging environment, integrated Git, pre-configured, Composer, 24/7 support, and a choice of five cloud providers: AWS, DigitalOcean, Linode, Google Cloud, and Vultr. Get up to 2 Month Free Hosting by using code "CODE30" and get $30 free hosting credit.
This week, we take on a question from the sixth graders at East Oakland's Life Academy of Health and Bioscience. Many of them live near Interstate 880. They've seen lots of big rigs on I-880 but none on nearby I-580, which runs parallel but closer to the hills. They want to know why.
Reported by Laura Klivans. Bay Curious is made by Olivia Allen-Price, Katrina Schwartz, Suzie Racho and Brendan Willard. Additional support from Kevin Stark, Erika Aguilar, Jessica Placzek, Kyana Moghadam, Isa Mendoza, Paul Lancour, Carly Severn, Ethan Lindsey, Vinnee Tong and Don Clyde.
