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Justin Sun, the visionary behind Tron (TRX) and major investor in HTX (Huobi), has proposed a new career path for Gary Gensler, the chair of the U.S. SEC.

Google CEO Sundar Pichai has alerted employees in a recent internal memo about forthcoming job cuts in 2024. This aligns with the company's efforts to reach its ambitious goals, as reported by The Verge and CNBC.

Microsoft's newly announced AI tools for crafting dialogues and quests in games have sparked controversy in the gaming community. Concerns arise about potential declines in game quality, while voice actors fear job loss and view such automation as a threat to nurturing new talent.

House Democrats have initiated a working group dedicated to artificial intelligence (AI) with the aim to craft legislation surrounding this tech. The group, chaired by Representative Derek Kilmer, will explore leveraging AI for growth while ensuring job security for those impacted by AI advancements. A primary concern is the rise of AI-generated misinformation, especially deepfakes.

Yesterday, reports surfaced suggesting that KuCoin had dismissed 30% of its employees due to declining profits. However, the cryptocurrency exchange's representatives debunked these claims today, explaining that there was just a slight downsizing in line with their routine organizational strategy. "To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic," asserted Johnny Lyu, the Chief Executive of KuCoin.

Matter Labs, the developer behind ZKsync, laid off 16% of its employees. Those affected will receive severance equal to three months' salary, four months of health insurance, job placement support, the option to keep company equipment, and even assistance with immigration.

The U.S. Bureau of Labor Statistics has released its January 2024 figures, revealing a steadfast unemployment rate and a significant rise in non-farm sector employment.

MIT researchers have concluded that artificial intelligence, at least for the time being, is only capable of replacing about 23% of the workforce in an economically viable manner. The study predominantly focused on roles that involve object visual recognition.

• Growth in economic activity has slowed down. • Job gains have decelerated, yet unemployment rates remain low. • The U.S. banking system is sound and resilient. • Stricter financial and credit conditions for households and businesses may influence economic activity, hiring, and inflation. • The target inflation rate of 2% remains a constant goal.

Ripple appears to be gearing up for an IPO (Initial Public Offering), as the company recently posted a job opening for a Senior Investor Relations Manager. This move has sparked rumors and speculation within the industry regarding Ripple's intentions to go public.

Brian Armstrong has publicly urged US residents to actively support the 21st Century Financial Innovation and Technology Bill, which promises to bring much-needed clarity to cryptocurrency regulation. Armstrong emphasized that it is ordinary Americans who can have a decisive impact on the outcome of the vote by sending an email to their representatives asking them to support the bill. In a more detailed statement, Coinbase added that the bill, in addition to protecting consumer rights and enhancing national security, has the potential to spur job creation in the US.