AI & Enterprise

White House science tech adviser says AI job fears are exaggerated, companies shift blame

A senior White House science and technology adviser criticised some companies for tying layoffs they would have made anyway to artificial intelligence, saying they shift responsibility to AI because it resonates better in the media. Speaking on a podcast, Michael Kratsios said the narrative can help explain job cuts and support share prices. He also said he remains optimistic about AI’s long-term employment impact, while warning against pessimistic messaging that worsens public perceptions.

Crypto

Can XRP end four straight years of August losses as rebound chance emerges this month

XRP closed July at $1.06, putting focus on whether it can break a pattern of August declines that has lasted four years. A report said the token is testing a potential breakout at the top of a falling channel after a long slide. While August is not XRP’s worst month on average, recent years have been consistently negative. Third-quarter performance has turned positive, and traders are watching resistance at $1.20 to $1.25 and support around $1.05 to $1.06.