Moving Wall Street’s trading infrastructure onto blockchain-based systems could accelerate financial crises beyond regulators’ ability to respond, even as the technology promises to cut costs and eliminate settlement delays, the International Monetary Fund says.

Russia’s attempts to restrict the use of virtual private networks amid a clampdown on the Telegram messaging platform triggered the widespread banking outage seen across the country this week, the service’s billionaire founder Pavel Durov said.

OpenAI’s chief operating officer is shifting into a new role and two other top executives are going on leave due to health reasons, marking a major change to its executive bench ahead of a potential Wall Street debut as soon as this year.

Bloomberg's Ed Ludlow and Loren Grush bring special coverage of NASA's  Artemis II launch live from Kennedy Space Center on Florida's Space Coast.  NASA’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. (Source: Bloomberg)

SpaceX confidentially filed what could wind up being the biggest-ever IPO. If investors value the company the way Elon Musk hopes they will, it would make Musk the world’s first trillionaire. This week on Everybody’s Business, Dana Hull joins Stacey Vanek Smith and Max Chafkin to explain why there is more reason than ever to be skeptical of Musk’s promises. (Source: Bloomberg)

Once at the forefront of the fight against military AI, employees now are on the sidelines

The Irish government launched a test phase of its digital wallet Friday including an age verification capability to keep teenagers safer online.

There's obviously a lot of talk these days about AI and possible destruction of white collar jobs. Intuitively bankers might be expected to be victims of this. But before we can answer whether AI can disrupt an industry, or a line of work, we have to know what the job actually entails. What do investment bankers actually do, and why are they paid for it? To answer this question, we speak with Scott Bok, the longtime former CEO of the investment bank Greenhill. Scott is also the author of the […]