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AI & Enterprise

Anthropic releases 2030 U.S. jobs and GDP scenarios as growth brings employment shock

Anthropic published a webpage outlining three economic scenarios for how AI could affect U.S. employment and GDP by 2030. It said AI may boost productivity and expand the economy while hurting knowledge-worker jobs and wages. The scenarios range from a mild impact similar to the internet to a radical case in which AI outperforms humans in most knowledge work. Anthropic projected higher GDP but warned of job transitions, higher unemployment risks and a declining labor share in the radical case.

Crypto

Stablecoin payment card volume tops $1 billion in August, hits records for volume, transactions and users

Stablecoin-based crypto payment cards hit monthly records in August for transaction value, number of payments and users. Payment volume reached $1.076 billion, marking a second straight month above $1 billion. Payments totalled about 10.67 million and active addresses rose to more than 283,000. RedotPay led by value and transactions. Growth was notable in emerging markets, while activity remained concentrated in a few programs and the overall market stayed small.

Industry

Government to set up future response fund based on 162.3 trillion won in extra tax revenue, double megaproject budget

South Korea’s government plans to create and set aside a 162.3 trillion won future response fund in its 2027 budget, allocating 45.4 trillion won to four areas: youth, growth engines, regions and education and talent. Spending for “three megaprojects plus AI” covering semiconductors, physical AI and AI data centres rises 97.2 percent to 21.3 trillion won. Total 2027 spending is set at 820.9 trillion won, up 12.8 percent.