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• How Gen Z and Millennials Are Turning to AI for Financial Guidance

• Crypto Industry’s $130 Million Election Gamble Pays Off

• What a Trump Presidency Could Mean for the Future of Tech

Business

How Gen Z and Millennials Are Turning to AI for Financial Guidance

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.

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Crypto Industry’s $130 Million Election Gamble Pays Off

Donald Trump has won the 2024 presidential election. Follow live updates and results.

In the Ohio Senate race, Republican candidate Bernie Moreno received a substantial boost just before Election Day: $40 million in support from the cryptocurrency industry. The funds backed a series of ads across Ohio as part of a large-scale, multistate push by crypto firms to influence key congressional races. On Tuesday, their efforts paid off as Moreno, a vocal crypto supporter, defeated Democratic Senator Sherrod Brown, the Senate Banking Committee chair and a proponent of strict crypto regulation.

“The crypto army is striking,” crypto executive Tyler Winklevoss posted on social media. A leading crypto super PAC celebrated Moreno's victory with an email titled: “Crypto’s big bet pays off.”

Seeing this election as pivotal, the crypto industry poured tens of millions into campaigns supporting candidates who favor lighter regulations. Fairshake, a super PAC, along with Protect Progress and Defend American Jobs, spent roughly $135 million, backed by major donations from Coinbase, Ripple, and venture capital firm Andreessen Horowitz, which has invested in over 100 crypto startups.

TECH

What a Trump Presidency Could Mean for the Future of Tech

Despite claims from some podcasters, the red wave that helped re-elect Donald Trump did not begin in Silicon Valley. In San Francisco, a bastion of liberal politics, most tech workers still vote for Democrats. While a few high-profile tech figures, like Elon Musk and several right-wing executives, backed Trump’s campaign, many others supported Kamala Harris or stayed neutral.