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Circle CEO warns AI may displace jobs, quantum computing threatens crypto security

Circle CEO Jeremy Allaire said artificial intelligence could significantly disrupt the labor market and many roles face replacement risk, calling for proactive societal response, in an interview on Bloomberg Originals' "The David Rubenstein Show." He warned that advances in quantum computing may break current cryptographic schemes and pose risks to cryptocurrency infrastructure, including Circle's systems. Allaire said Circle is working on quantum-resistant technologies and aims to deploy quantum-defensive infrastructure between 2026 and 2027.
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