Several key trends are emerging in the AI and technology sectors. Citi's research indicates that AI and stablecoins are poised to reshape trade processing, potentially handling 10% of global market activity by 2030. Asia is currently leading in the adoption of these technologies, driven by crypto's popularity and favorable regulations. In response to faster settlement times, automation is becoming increasingly necessary. Meanwhile, U.S. regulations on AI chip exports are impacting the global landscape, leading China to develop its own chip technology and other countries like the UAE and Saudi Arabia to emerge as AI chip centers. Despite U.S. efforts to maintain influence through chip sales, China is focusing on cloud-based services and reducing its reliance on American AI chips. Chinese President Xi Jinping has called for international cooperation in AI, advocating against Cold War mentalities. New AI-driven tools are also appearing, such as the Comet browser, which uses AI to enhance web searches, and Ohio University's new AI certificate program aimed at developing business skills. IT leaders are advised to diversify their AI investments to guard against potential market corrections, while companies like ServiceNow are offering substantial discounts to the U.S. government to encourage the adoption of AI tools. KKR has hired Adam Selipsky, former CEO of Amazon Web Services, as an advisor for AI and technology strategy, reflecting the growing investment in digital infrastructure for AI. Finally, it's important to note that AI systems consume a significant amount of water.
Key Takeaways
- Citi predicts AI and stablecoins could manage 10% of global trade by 2030, with Asia leading in adoption.
- U.S. chip export rules are reshaping the AI industry, prompting China to develop its own chips.
- China's President Xi Jinping is urging global AI cooperation and rejecting Cold War approaches.
- Comet, a new web browser, uses AI to provide concise search results and summaries.
- Ohio University is offering a new AI certificate program to enhance business skills.
- IT leaders are advised to diversify AI investments to mitigate risks of a potential market downturn.
- ServiceNow is offering the U.S. government up to 70% off its software to promote AI adoption.
- KKR hired former Amazon Web Services CEO Adam Selipsky as an AI and tech strategy advisor.
- AI systems consume a significant amount of water.
- Firms are testing AI for client onboarding and post-trade reporting, with 86% of firms currently testing.
Citi says AI and stablecoins will change trade processing
Citi's survey of 537 industry leaders suggests digital assets and AI are changing how trades are processed. They predict that 10% of global market activity could be tokenized by 2030 using bank-issued stablecoins. Also, 86% of firms are testing AI for things like bringing on new clients and reporting after trades. The industry is working to speed up and automate processes as it moves to T+1 settlement.
Asia leads as AI and stablecoins reshape trade future
Citi's survey says stablecoins could handle 10% of global trade by 2030 using AI. Many companies are testing AI for trade tasks, with Asia leading due to crypto's popularity and friendly rules. Faster settlement times are pushing the need for more automation. Digital ledger technology could also lower trade costs by 2028.
AI and tokenization to transform post-trade markets by 2030
Citi predicts that tokenized assets and digital money could handle 10% of post-trade market activity by 2030. Many institutions plan to use multiple blockchains to improve liquidity and lower costs. Stablecoins and AI will help make settlements more efficient. The U.S. is expected to lead in tokenized activity, and 2025 is seen as a key year for automation.
AI and digital assets quietly change post-trade markets
A Citi report says stablecoins and tokenized assets will handle 10% of global market activity by 2030. Many investors are testing AI for trade operations, especially to improve client onboarding. Blockchain tech is expected to cut costs and speed up transfers. The U.S. is predicted to lead in using tokenized assets, while Asia is already ahead in digital asset use.
US chip export rules change AI investment worldwide
U.S. rules on exporting AI chips are changing how the industry works. The U.S. now allows some older AI chip sales to China, which earns the U.S. money but might help China's tech progress. China is working to make its own chips, while other countries like the UAE and Saudi Arabia are becoming AI chip centers. Investors now face a divided market with new risks and chances.
Selling AI chips won't keep China dependent on US tech
Some think selling AI chips to China will keep them using U.S. tech, but that may not work. China can still develop its own software and integrate it with local systems. U.S. AI labs are already using other systems besides Nvidia's. China is working to reduce its reliance on American AI chips, so the U.S. should focus on cloud-based services to maintain influence.
Xi calls for AI cooperation, rejects Cold War ideas at summit
Chinese President Xi Jinping urged countries in the Shanghai Cooperation Organization to work together on AI. He spoke against a Cold War way of thinking at a meeting in Tianjin, China. The meeting included leaders from Russia and India. China aims to be seen as a global peacemaker despite ongoing trade issues and conflicts.
Comet browser uses AI to search the web differently
Comet is a new web browser that uses AI to help you search. It's built on the Perplexity AI platform, similar to ChatGPT. Comet gives simpler search results, concise summaries, and follow-up questions. It can also book tickets and make reservations for you. Comet doesn't track your browsing or sell your data, but it's only for Perplexity subscribers on desktop for now.
Ohio University offers new AI certificate for business skills
Ohio University is launching a new online certificate program in artificial intelligence. The program teaches how to use and manage AI in business. It covers topics like machine learning, neural networks, and natural language processing. Students will learn to use tools like Python and TensorFlow. The program aims to help students become leaders in AI.
How to prepare your business for a possible AI crash
Experts say IT leaders should protect their AI investments from a possible bubble burst. This could look like smaller AI companies disappearing or being bought out. Larger companies might raise prices. To prepare, use diversified hyperscalers, create your own products around AI, and consider open source options. Also, avoid relying too much on one AI model.
ServiceNow offers big discount to US government for AI
ServiceNow is offering the U.S. federal government up to 70% off its software. This is to encourage the government to use AI tools faster. The deal is for agencies buying a higher-tier package of ServiceNow's IT products. The government thinks ServiceNow's tools could increase efficiency by 30%.
Israeli cyber firm Cato buys AI security startup in Tel Aviv
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KKR hires Adam Selipsky as AI and tech strategy advisor
KKR, a big investment firm, hired Adam Selipsky as an advisor for technology and AI. Selipsky used to be the CEO of Amazon Web Services. He will help KKR invest in AI, data centers, and energy. KKR has invested billions in digital infrastructure and is working to combine data centers, energy, and digital infrastructure for AI.
AI systems use a lot of water
Artificial Intelligence systems use a lot of water.
Sources
- Stablecoins and AI Could Drive Post-Trade Shakeup, Citi Says
- Asia-Pacific Leads as Stablecoins and AI Reshape Post-Trade Future
- Tokenization and AI Set to Reshape Post-Trade Markets by 2030
- Digital Assets and AI Drive Quiet Revolution in Post-Trade Markets
- The Fractured Chip: How U.S. Export Controls Reshape Global AI Investment Landscapes
- Selling AI Chips Won't Keep China Hooked on U.S. Technology
- Xi urges AI cooperation, rejects ‘Cold War mentality’ at SCO summit as trade, war tensions weigh
- What the Tech: How a new browser uses AI to search
- OHIO new online artificial intelligence graduate certificate supports emerging business skills
- How to prepare for an AI bubble burst
- ServiceNow Offers 70% Discount to Federal Government in AI Push
- Israeli cyber unicorn Cato snaps up Tel Aviv AI security startup
- KKR Appoints Adam Selipsky as Senior Technology and AI Strategy Advisor
- News Brief | Artificial Intelligence systems are thirsty