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🔄 X to Replace Your Bank Account by 2024
PLUS: Gary Gensler is 'Inconsistent' and Bitcoins Highest Close in 550 Days


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Good Morning from the Promptbox Team!
Almost none of the emails I get are about AI - they're either crypto questions or loosely veiled death threats.
So, to answer the question "Wen $100k?", here's my near-term prediction:
Expect a slight dump soon, giving the bears the false confidence they need to dive back in. As the meme goes, "it's a trap".
We should then witness a face-melting surge to the mid $40k's. At that point, I'm selling the majors, anticipating a drop back to previous range highs.
If you're new here, brace yourself for an exciting couple of months.
Happy Monday. Let's get it.
- Kevin
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TODAY’S UNBOXING
READ: Elon Has Plans to Replace Your Bank
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Midjourney: Somewhere in the Milky Way and Who Would you Choose?

October 30, 2023
Elon Musk is on a mission to revolutionize the financial world once again, this time through X, formerly known as Twitter.
Aiming to make it a comprehensive financial hub, Musk envisions a future where X will obviate the need for traditional banks, all within a short span of a year.
Overview
Ambitious Plans: Musk intends to transform X into a one-stop financial platform, offering a range of services, eliminating the necessity for separate bank accounts.
History Revisited: Musk's idea harks back to X.com, his early online banking project that subsequently merged to form PayPal. He believes that the original X.com vision is still viable today.
Potential Features: Under X, users might see features such as loans, debit cards, and savings. Additionally, transferring money between users, regardless of their location, may become a reality.
Comparative Platforms: Musk's vision is not entirely unprecedented. Platforms like WeChat in China already offer an integration of social media with financial services.
Challenges Ahead: Despite the grand vision, X faces hurdles. The platform's daily active user count is on the decline, and efforts to transition users to its paid tier have been less than smooth. Moreover, data on the number of Premium subscribers remains undisclosed.
If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like 'send $20 to my friend.' I’m talking about, like, you won’t need a bank account. It would blow my mind if we don’t have that rolled out by the end of next year.
Elon Musk, never one to shy away from ambitious ventures, seeks to redefine the intersection of social media and finance with X.
While the blueprint seems promising, only time will tell if Musk can once again disrupt the financial landscape or if challenges will steer his vision off course.
Take a look at the full story below.

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Promptbox’s Top Trending AI Stories:
BIDEN
President Joe Biden unveiled a new executive order on artificial intelligence — the U.S. government’s first action of its kind — requiring new safety assessments, equity and civil rights guidance and research on AI’s impact on the labor market.
The order represents “the strongest set of actions any government in the world has ever taken on AI safety, security, and trust,” White House Deputy Chief of Staff Bruce Reed
ENDANGERED
Species are vanishing at a rate hundreds to thousands of times faster than that millions of years ago1, with up to one million species on the brink of extinction. In response, the United Nations set a goal in 2020 to safeguard at least 30% of Earth’s land and oceans by the end of the decade.
An increasing number of researchers are turning to AI to monitor biodiversity and bolster efforts to help endangered species.
DOWN AND OUT
Khosla Ventures invested $50 million in OpenAI in early 2019 in a round that valued the startup at $1 billion. The company is now seeking a valuation of around $86 billion.
“Most investments in AI today, venture investments, will lose money,” Khosla said, drawing a parallel between this year’s AI hype and last year’s flurry of cryptocurrency investment activity.
CODE OF CONDUCT
The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters.
According to the report, the code has 11 points that aim to promote “safe, secure, and trustworthy AI worldwide” and help “seize” the benefits of AI while still addressing and troubleshooting the risks it poses.

Somewhere in the Milky Way
Collection of 14
40 Comments
Top Comment: Incredible! I’d watch this movie
Which one would you want as your partner in crime?
Collection of 11
173 Comments
Top Comment: I’d take all of them, cheers

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