According to the International Labour Organization, the most important impact of Artificial Intelligence in the occupational field is likely to be automating some tasks and not completely replacing humans in their jobs.
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AI will not replace humans in the workplace
📍According to the International Labour Organization, Artificial Intelligence is designed to complement human work. One of the biggest concerns about the development of AI is whether it will eventually replace humans in their jobs.
Well, according to the study “Generative AI and Jobs: A global analysis of potential effects on job quantity and quality”, carried out by the International Labour Organization, there is nothing to fear, at least not for the moment, since it is quite likely that artificial intelligence will only have a complementary role in the labor area, to automate many processes but without replacing humans completely.
However, the organization also noted that some professions or trades, especially those with administrative functions related to customer service, coordination, accounting and data recording, are potentially more exposed to AI.
The organization also highlighted that employees in high-income countries and women will be the most affected if AI replaces them at the workplace.
Other study A separate study by the World Economic Forum in 2019 also indicated that the rapid advances in AI have generated great debate and concern in the workplace, but just as calculators did not replace mathematicians, AI will not replace humans either.
The organization noted that technology acts as “an enabler of efficiency and effectiveness, amplifying human achievements” and that, in addition, artificial intelligence lacks the skills and intuition of humans. “People remain the key to success,” the organization stressed.
New documentary on Bitcoin's impact in Latin America to be released
📍Media company Panorámica Films is working on a new documentary about Bitcoin. The objective of this documentary is to make the world aware of how Bitcoin, the most powerful cryptocurrency on the market, is helping to solve the main financial challenges faced in Latin America, such as access to the financial system and currency devaluation.
Christian Lara, CEO of Panorámica Films and who will direct the documentary, told Geyser Fund that Bitcoin has been empowering people to solve real problems in the region and that the documentary will narrate the role that the cryptocurrency has played in the different realities of Latin Americans.
8 countries use XRP Ledger to build their CBDCs
📍Ripple’s CBDC development platform, powered by XRP Ledger, is being used by Russia, Montenegro, Uruguay and five other countries. According to the Crypto Geek website, governments in 8 countries around the world have adopted Ripple's ledger to build their own digital currencies.
Other countries adopting Ripple’s CBDC platform include Palau in Oceania, Japan, New Zealand, the United Arab Emirates, and China’s special administrative region, Hong Kong. All of these regions are using the XRP Ledger to digitize their fiat currencies and to foster a new generation of digital financial services, which will be accessible to millions of people.
In May this year, when Ripple announced the launch of its CBDC development platform, the company highlighted that it would help governments and central banks issue their own digital currencies by leveraging the potential and innovation of XRPL, to provide greater access to financial services.
In addition to CBDCs, the XRP-powered development platform Ledger also offers tools to banks and financial institutions so they can issue their own stablecoins.
XRP shows signs of recovery
📍Ripple's XRP is showing signs of recovery amid a bear market. Amid the crypto market crash, XRP has gained 4% in the past few hours. According to the data According to Santiment, Ripple's cryptocurrency is starting to recover, mainly due to whale activity that is driving a wave of XRP accumulation.
The market intelligence and analytics platform said on social network X (formerly Twitter) that there are currently 221 addresses holding between $10 million and $1.000 billion worth of XRP.
All of these whales hold a combined total of 16.130 billion units of XRP, worth over $8.710 billion at the time of writing.
The price of XRP is fluctuating between $0,51 and $0,53 dollars per token.
Continue reading: An initiative is launched to educate about privacy in Bitcoin
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