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NYSE Owner Plans Hyperliquid Perpetuals Market in US

Intercontinental Exchange joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid as it seeks to bring perpetual futures products into US regulated markets. ICE and Trade.xyz are planning a new market for trading perpetual futures contracts, with its own clearing, know-your-customer and anti-money laundering systems. Jeff Sprecher, Intercontinental Exchange Founder, Chair and CEO, joins Bloomberg Businessweek Daily to discuss the agreement, plus Friday's major tech selloff, the growing demand for perpetual futures trading, and more. Sprecher speaks with Tim Stenovec and Jess Menton. (Source: Bloomberg)

Bloomberg · 23h ago
Cracks in AI Trade Power Sharp Tech Selloff

Plus, Binance executives are racing to cover billions in losses from the biggest crypto heist in history, and Ukraine struck a Russian oil refinery.

Wall Street Journal · Oct 30
‘There is no inevitable dystopia’: Jeanette Winterson on AI and the future of humanity

The author believes we are at a turning point as a species – and even in the shadow of big tech it’s up to us how we want to proceed ‘I am a storyteller by trade,” writes Jeanette Winterson on the first page of her 2021 book 12 Bytes , an idiosyncratic and thought-provoking series of essays in which she considered just how artificial intelligence might change everything about our lives. “And I know everything we do is a fiction until it’s a fact: the dream of flying, the dream of space travel, the dream of speaking to someone instantly, across time and space, the dream of not dying – or of returning.” She had already been thinking about our possible futures for at least 15 years – her 2007 novel, The Stone Gods, for instance, imagined a post-climate catastrophe world populated by robots and humans who never age, while 12 Bytes was preceded by Frankisstein: A Love Story , which alternates a recreation of the summer Mary Shelley wrote Frankenstein with a trans doctor’s travels among present-day cryogenecists and AI-enabled robots. Continue reading...

The Guardian · Oct 28