Fortune (February 16)
“Investors wobbled last week as they worked through the disruption AI is likely to cause across global industries, with further hiccups potentially bubbling through this week.” The rout spread from software to “the legal, IT, consulting and logistics sectors,” with $2 trillion “wiped off software market caps alone.” Investors appear to be abandoning “broad-stroke arguments that the efficiencies offered by AI will result in wins for the vast majority of companies.”
Tags: $2 trillion, AI, Consulting, Disruption, Efficiencies, Global industries, Investors, IT, Legal, Logistics, Market caps, Rout, Software, Wobbled
New York Times (December 4)
“On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow…. Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, more than the combined worth of Mastercard, Walmart and JPMorgan Chase.”
Tags: $100K, $2 trillion, Asset, Bitcoin, Circulation, Experimental, JPMorgan Chase, Mastercard, Milestone, Mocked, Remarkable, Sideshow, Value, Walmart
The Street (July 22)
“The cryptocurrency market has lost $2 trillion in value since hitting an all-time high of $3 trillion in early November, according to data firm CoinGecko. Prices for bitcoin, the king of cryptocurrencies, are down more than two-thirds since hitting an all-time high of $69,044.77 on November 10.”
Tags: $2 trillion, $3 trillion, Bitcoin, CoinGecko, Cryptocurrency, Lost, Market, November, Prices, Value
