How Beer Education Can Strengthen Engagement with Brewery Staff and Customers

AND Musk’s AI Nightmares & Crypto Market Pauses as Bitcoin Nears $90,000

FEATURED IN TODAYS NEWSLETTER

  • How Beer Education Can Strengthen Engagement with Brewery Staff and Customers

  • Musk’s AI Nightmares Could Blunt Trump’s Tech Ambitions

  • Crypto Market Pauses as Bitcoin Nears $90,000 After Post-Election Surge

Business

Many people now use AI tools for tasks like crafting resumes and managing personal finances. Although these insights can be helpful, financial advisors warn against relying solely on AI. A recent Experian report shows that 67% of Gen Z and 62% of millennials surveyed use AI for personal finance, with tools like ChatGPT aiding in saving, budgeting (60%), investment planning (48%), and credit improvement (48%). “It’s free, accessible, and simplifies tasks like budgeting,” says Experian’s Christina Roman. The survey, conducted from August 30 to September 3, included 2,011 U.S. adults, with Gen Z aged 18-27 and millennials 28-43.

LATEST IN CRYPTO

The crypto market took a brief pause from its rapid rally that began after the U.S. election, but investors are anticipating a resumption of upward momentum.

On Tuesday, Bitcoin dipped 1% to $87,440.88, according to Coin Metrics. On Monday, it surged more than 10%, peaking at $89,623.00. Many investors expect Bitcoin to continue reaching new highs, with predictions pointing toward a potential $100,000 price point by the end of the year.

Since Election Day on November 5, Bitcoin has gained over 26%, reaching a new all-time high for the first time since March. Ether also saw a 33% gain over the past week but was down 3% on Tuesday.

“Bitcoin is now in price discovery mode after breaking its all-time highs early last Wednesday when Trump was declared the winner,” said Mike Colonnese, an analyst at H.C. Wainwright. “Positive sentiment is expected to continue through 2024, and we see Bitcoin potentially hitting six figures by year-end.”

TECH

During his campaign, President-elect Donald Trump rarely discussed artificial intelligence, which is surprising given its potential impact. While voters were drawn to his promises of economic improvement and tackling inflation, AI poses a threat by displacing many jobs, with a third of Americans believing it will do more harm than good, according to Gallup. If Trump’s silence on the issue signals a lack of interest in AI, it opens the door for other influential figures in his administration, particularly Elon Musk, to shape AI policy.

AI has been a central focus for Musk for years. He was an early investor in Google’s DeepMind, co-founded OpenAI, and now leads xAI, which has raised over $6 billion to develop advanced AI models.

Strategic Business Insiders is your go-to source for extensive information on cryptocurrency, artificial intelligence, recruiting, and venture capital, investment and insurance. Our newsletter provides a comprehensive overview of the latest trends within these rapidly evolving sectors.

Written By Harper Reynolds From Strategic Business Capital