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The future is now…

Snacks / Tuesday, January 03, 2023
Jetsons vibes (MR.Cole_Photographer/Getty Images)
Jetsons vibes (MR.Cole_Photographer/Getty Images)
  • AI gets (scary) creative… Generative AI, which can convert text prompts into images and articles, made a splash last year. OpenAI released its futuristic chatbot, ChatGPT, to the public last month, shortly after launching its image generator, DALL-E. The impressive tools caused shock and awe — and raised fears they could replace creative professions like copywriting and design (Jasper, a genAI tool used for marketing copy, hit a $1.5B valuation). Some teachers are convinced genAI will kill homework too. While unknowns abound, investment is booming as companies seek innovative ways to automate work.

  • Crypto rediscovers its roots… The collapse of centralized crypto players like FTX and Celsius breathed life back into crypto's core conceit: decentralization. Decentralized exchanges (think: not run by a biz) like Uniswap saw activity spike — briefly surpassing centralized Coinbase in ether trading — as people sought greater control of their crypto. Makers of self-custody hardware wallets (picture: no exchange needed) reported soaring sales, while decentralized-finance transaction volumes jumped 68% from October to November. The decentralized momentum could get a boost as bipartisan lawmakers push tighter crypto regs.

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Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.