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Robinhood CEO Vlad Tenev Says Investing For a Living Could Replace Labor in a Post-AI World

3 months 3 weeks ago
AI will disrupt the labor market within five to ten years and force Americans to rely on investment returns rather than wages for income, according to Vlad Tenev, chief executive of stock trading firm Robinhood. Tenev told Fortune that "if you can't rely on labor to generate money to make a living, capital becomes more important." The brokerage chief said private companies and government must make investing easier from an early age. He cited the proposed Invest America Act, included in congressional reconciliation legislation, which would provide every newborn with $1,000 in an investment account. Tenev said the policy represents preparation for an economy where "humans comprise less than 1% of the total intelligence" as AI systems advance beyond current capabilities.

Read more of this story at Slashdot.

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PostgreSQL 18 eyes analytics boost and distributed future

3 months 3 weeks ago
Async I/O and UUID v7 highlights of the September release, though some SQL features are delayed

Users and developers can expect the release of PostgreSQL 18 in September, the new iteration of the popular open source database, promising new features to enhance analytics and distributed architectures.…

Lindsay Clark

Atlassian Agrees To Acquire The Browser Co. For $610 Million

3 months 3 weeks ago
Atlassian said it has agreed to acquire The Browser Co., a startup that offers a web browser with AI features, for $610 million in cash. CNBC: The companies aim to close the deal in Atlassian's fiscal second quarter, which ends in December. Established in 2019, The Browser Co. has gone up against some of the world's largest companies, including Google, with Chrome, and Apple, which includes Safari on its computers running MacOS. The startup debuted Arc, a customizable browser with a built-in whiteboard and the ability to share groups of tabs, in 2022. The Dia browser, a simpler option that allows people to chat with an AI assistant about multiple browser tabs at once, became available in beta in June. Atlassian co-founder and CEO Mike Cannon-Brookes said he sees shortcomings in the most popular browsers for those who do much of their work on computers. Further reading: Atlassian Buying The Browser Company Feels Like a Waste of Money.

Read more of this story at Slashdot.

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