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AI & Enterprise

Citadel CEO warns AI threatens even PhD-level jobs as Musk amplifies remarks

A warning has emerged that agent-based artificial intelligence is rapidly replacing highly skilled, PhD-level work in finance. Citadel CEO Ken Griffin said at a Stanford University talk that tasks once taking master’s and PhD staff weeks or months now finish in hours or days. The remarks drew more attention after Elon Musk shared a related video clip. Griffin said AI is targeting specialist roles, not general office jobs, while others say it is too early to conclude AI has already driven broad job losses.

Crypto

U.S. SEC considers allowing trading of stock tokens without listing company consent, innovation exemption near release

The U.S. Securities and Exchange Commission is preparing a new framework that could allow third parties to issue and trade U.S. stock-based tokens without the issuing company’s consent, a report said. The SEC may announce an “Innovation Exemption” as early as this week. Under the plan, tokens must provide the same economic rights as existing shares, including voting rights and dividends, potentially enabling securities trading on blockchain-based DeFi platforms.

Crypto

Ripple enters top 10 in U.S. private unicorn index, alongside SpaceX and OpenAI

Ripple has entered the top 10 of the Prime Unicorn Index, which tracks U.S. private unicorn companies, ranking sixth and standing as the only cryptocurrency firm in the group. The index includes 232 companies with a combined valuation of $3.433 trillion. Ripple Labs is listed at about $26.009 billion with a 5 percent weight. The index valuation differs from Ripple’s own $50 billion figure tied to a buyback and tender offer.