Bank of America ($BAC) says the AI job apocalypse hasn’t shown up in broad labor data yet.But there are warning signs.
White-collar demand is softening, young grads are under pressure and AI capex is shifting job growth toward construction and manufacturing.
Bank of America unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers pushing for innovation across the country
Banks aren't waiting for client demand to build tokenization infrastructure. They're getting ahead of it.
Two-thirds call their tokenized collateral work internally driven.
Building for where the market is heading 🦖
Banks, cloud firms and AI labs are creating new financing structures to speed up data center construction before leases are finalized.
The arrangements can cover land, power studies and scarce equipment, though they offer no guarantee a project will get built.
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Banking hours that limit when you can move money and wires that take days.
@chadcascarilla, CEO and Co-Founder of Paxos, on how the current financial system feels increasingly divorced from daily reality: