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17 May 2026, 16:25
The AI skills arms race is coming for automotive: GM, Ford, Stellantis cut over 20,000 jobs
BitcoinWorld The AI skills arms race is coming for automotive: GM, Ford, Stellantis cut over 20,000 jobs The automotive industry is undergoing a quiet but profound workforce transformation. General Motors, Ford, and Stellantis have cut a combined total of more than 20,000 U.S. salaried jobs — roughly 19% of their collective workforce from recent employment peaks this decade, according to CNBC calculations. While multiple factors are driving these reductions, a clear pattern is emerging: companies are deliberately swapping traditional IT roles for AI-native talent. GM’s deliberate skills swap General Motors laid off more than 10% of its IT department — about 600 salaried employees — in what the company describes as a deliberate skills swap. The automaker insists it is hiring, but the new recruits are not filling the same roles. The most sought-after capabilities include AI-native development, data engineering and analytics, cloud-based engineering, agent and model development, prompt engineering, and new AI workflows. In practical terms, GM is looking for people who know how to build with AI from the ground up — designing systems, training models, and engineering pipelines — not just use AI as a productivity tool. The layoffs, however, are not a one-to-one exchange. GM acknowledges there will likely be a net-negative job loss as the company shifts its workforce composition. Industry-wide cuts and technological change Ford, GM, and Stellantis have all reduced their salaried workforces significantly this decade. While cost-cutting and restructuring play a role, executives at all three companies have pointed to technological change — particularly AI — as a driving factor. Anecdotes from engineers and founders suggest that not all of these businesses know exactly what they are doing with AI yet, but the hiring patterns indicate a long-term strategic bet. This trend is not limited to Detroit. Automotive suppliers, logistics firms, and even startups are racing to hire AI specialists while trimming legacy IT teams. The skills arms race is reshaping the entire transportation sector. Samsara’s real-world AI use case One company that appears to have found a revenue-generating AI application is Samsara. The firm has spent the last decade installing cameras inside millions of trucks for driver monitoring, theft prevention, and liability claims. Samsara used that mountain of data to train its own model capable of detecting potholes and determining how quickly they are deteriorating. The company is now pitching this product to cities and has several under contract, including Chicago. RJ Scaringe’s fundraising streak Separately, Rivian’s spinoff company Mind Robotics raised another $400 million, just two months after raising $500 million. Bitcoin World calculated that investors have poured $12.3 billion into founder RJ Scaringe’s three startups — including Mind Robotics and Rivian. That figure does not include the nearly $12 billion in gross proceeds from Rivian’s IPO, nor the recent strategic deals with Volkswagen Group and Uber, which could add nearly $7 billion to Rivian’s coffers. Insiders and investors told Bitcoin World that Scaringe’s ability to give undivided attention to whoever he is talking to — whether an investor, supplier, or executive — makes them feel like the most important person in the room. It is yet another piece of evidence in the long-standing case against multitasking. Other notable deals Several other deals caught our attention this week. Arkeus, an Australian startup developing perception software for autonomous drones and aircraft, raised $18 million in a Series A round led by QIC Ventures. Aseon Labs, a Redwood City startup that developed a depot-in-a-box for charging, cleaning, and inspecting autonomous fleets, came out of stealth with undisclosed backing by Y Combinator. Rapido raised $240 million in a round led by Prosus, valuing the Indian ride-hailing company at $3 billion. Quantum Systems, a Germany-based drone startup backed by Peter Thiel, is in talks to raise around €600 million ($703 million) with companies like Airbus and Blackstone as investors. Notable reads and tidbits Redwood Materials hired a new CFO, Deepak Ahuja, formerly Tesla’s finance chief and most recently CFO at drone company Zipline. Tesla Robotaxis have crashed at least twice since July 2025 while a teleoperator was remotely driving the vehicles, according to newly unredacted information submitted to NHTSA. Uber is expanding in India with two new engineering campuses that can fit about 9,600 people. Waymo issued a software update to its fleet of nearly 4,000 vehicles to help them avoid flooded roads, though the company has not fully solved the problem of how its vehicles behave in these conditions. Conclusion The AI skills arms race is not a future trend — it is happening now in the automotive sector. Companies are cutting traditional IT jobs and hiring AI specialists, even if they are still figuring out how to use the technology effectively. For workers, the message is clear: AI-native skills are becoming essential. For the industry, the race is on to find the right talent before competitors do. FAQs Q1: How many automotive jobs have been cut due to AI? CNBC calculated that Ford, GM, and Stellantis have cut a combined total of more than 20,000 U.S. salaried jobs, or 19% of their combined workforces, from recent employment peaks this decade. While not all cuts are directly AI-related, technological change including AI is a major factor. Q2: What AI skills are automakers hiring for? The most sought-after capabilities include AI-native development, data engineering and analytics, cloud-based engineering, agent and model development, prompt engineering, and new AI workflows. Companies want people who can build AI systems from the ground up, not just use AI tools. Q3: Is this trend limited to Detroit automakers? No. Automotive suppliers, logistics firms, and startups are also racing to hire AI specialists while trimming legacy IT teams. The skills arms race is reshaping the entire transportation sector globally. This post The AI skills arms race is coming for automotive: GM, Ford, Stellantis cut over 20,000 jobs first appeared on BitcoinWorld .
17 May 2026, 15:02
Quick Lesson for Anyone Scanning Wallets on XRP Ledger
Most people assume that checking a wallet address gives a direct view of their personal holdings. On the XRP Ledger, that assumption can lead someone in the wrong direction. Crypto enthusiast MrCauliman recently addressed this issue, and his explanation is crucial for anyone holding XRP. Custodial vs. Self-Custody The confusion starts with how exchanges like Coinbase operate. Coinbase is a custodial platform. That means user balances exist inside Coinbase’s internal system, not as individual addresses on the ledger. MrCauliman explained that exchanges “can use large shared wallets for many users, then separate customers internally with destination tags and account records.” That structure is standard practice. Exchanges pool funds into large shared wallets and track individual accounts on their own backend. The ledger reflects the exchange’s activity, not the individual customer’s. So when someone scans a Coinbase deposit address, they see Coinbase’s wallet. They do not see a personal account. What This Means for XRP Holders This distinction carries real weight for XRP holders trying to verify their funds. The XRP Ledger is a public, transparent blockchain where anyone can look up any address . That transparency is valuable, but it only tells the full story when someone is looking at the right address. A user who checks a custodial deposit address will see high transaction volume and large balances that belong to the exchange’s entire customer base. That data does not reflect their personal position. MrCauliman is clear that the ledger itself is not the problem. “The ledger isn’t wrong,” he wrote. “You just have to know what kind of wallet you’re looking at.” We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Self-Custody Gives a Clear Picture MrCauliman points to self-custody wallets as the solution. He names three options: Xaman, Ledger, and Tangem. Each of these gives the user a personal address on the XRP Ledger. That address belongs to them alone. When someone scans it, the data reflects only their activity and balance. Self-custody also removes reliance on a third party to hold funds. Coinbase has been accused of closing accounts and freezing withdrawals , and self-custody gives investors full control. As XRP adoption grows, more users will interact with the ledger for the first time, and many will start on custodial platforms. Education around the difference between exchange addresses and personal wallets is important so that investors can enjoy the decentralization of the XRP Ledger. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Quick Lesson for Anyone Scanning Wallets on XRP Ledger appeared first on Times Tabloid .
17 May 2026, 13:39
Ethereum Price Prediction: ETH Hits New Lows Against BTC
Ethereum has fallen to a new yearly low against Bitcoin, showing continued weakness on the ETH/BTC chart. However, negative exchange flows and positive spot ETH ETF inflows suggest that accumulation is still building under the surface. ETH/BTC Hits New Yearly Low as Ethereum Weakness Extends Against Bitcoin ETH/BTC fell to a new yearly low on the daily Binance chart shared by TedPillows, showing Ethereum still losing strength against Bitcoin. The chart shows ETH/BTC trading below the 0.02995 support area after failing to reclaim the 200 day moving averages. The 200 day SMA sits near 0.03168, while the 200 day EMA sits near 0.03109. Both now act as resistance above price. ETH/BTC Daily Price Chart. Source: TedPillows on X ETH/BTC also broke below the recent consolidation range that formed between March and April. That breakdown pushed the pair toward the next visible support near 0.02619. If ETH/BTC fails to hold the 0.02619 level, the chart leaves room for a deeper move toward the lower support zone near 0.02194. That area marked the earlier low before the strong July rally. TedPillows noted that the new yearly low came despite Tom Lee buying more than $200 million in ETH every week, according to the post. That makes the chart weaker because institutional buying has not stopped ETH from underperforming Bitcoin. For the bullish case to return, ETH/BTC would first need to recover 0.02995. Then it would need to break back above the 200 day EMA and SMA near 0.03109 to 0.03168. Ethereum Exchange Flows Stay Negative as ETH Accumulation Continues Ethereum exchange flux balance has stayed negative for most of the past two weeks, according to the Alphractal chart shared by ray on X. The chart shows the exchange flux balance moving deep below zero, which means more ETH appears to be leaving exchanges than entering them. In market terms, that often points to accumulation because holders may be moving ETH away from trading venues. Ethereum Exchange Flux Balance Chart. Source: Alphractal and ray on X The blue area has remained negative since late 2025 and pushed to deeper levels in 2026. This shows that exchange outflows have dominated for a long period, even while ETH price moved through a volatile range. Ray also noted that spot ETH ETFs recorded their first positive monthly inflow since launch, with $356 million in April inflows. That adds another accumulation signal, as ETF demand increased while exchange balances stayed negative. However, the chart does not show a clear price breakout yet. ETH price has recovered from earlier lows but still moves below the stronger highs from 2025. For the bullish case to strengthen, ETH needs continued exchange outflows and stronger ETF demand to match visible price momentum. If the negative exchange flux balance continues, it could reduce available supply on exchanges and support a larger move later.
17 May 2026, 13:38
Binance sees $1.5 billion stablecoin inflow in one day
🚨 Binance recorded over $1.5 billion in stablecoin inflows in a single day. This shift came shortly after $1.3 billion in stablecoins exited the exchange. Continue Reading: Binance sees $1.5 billion stablecoin inflow in one day The post Binance sees $1.5 billion stablecoin inflow in one day appeared first on COINTURK NEWS .
17 May 2026, 13:00
$1.5B stablecoin inflow hits Binance – But will Bitcoin actually benefit?
Traders rapidly repositioned stablecoin liquidity on Binance as Bitcoin’s repeated volatility swings weakened stronger market conviction.
17 May 2026, 10:51
Chainlink News: Kraken Just Ditched LayerZero for Chainlink CCIP, And LINK Holders Are the Big Winners
In the latest Chainlink news, Kraken has officially replaced LayerZero with Chainlink CCIP as the exclusive cross-chain infrastructure layer for its wrapped asset suite, including kBTC, with coverage spanning Ethereum, Ink, Unichain, and Optimism, and additional networks expected in later phases. The exchange cited defense-in-depth security architecture, independent node operators, built-in rate limits, and formal certifications-ISO 27001 and SOC 2 Type 2-as the operational basis for the switch. The migration follows a $292 million LayerZero exploit that accelerated industry reassessment of first-generation bridge infrastructure. Bullish signal for LINK holders. Kraken is deprecating its existing cross-chain provider and migrating to @Chainlink CCIP as its exclusive cross-chain infra to secure Kraken Wrapped Bitcoin (kBTC) & all future Kraken Wrapped Assets. Kraken chose Chainlink CCIP because it offers enterprise-grade infrastructure… — Kraken (@krakenfx) May 14, 2026 This is not an isolated preference. Kelp, Solv, and Re-protocols collectively representing more than $2.5 billion in total value locked-have announced parallel transitions toward Chainlink CCIP infrastructure. Coinbase made CCIP the exclusive bridge for approximately $7 billion in wrapped assets including cbETH in 2025, citing the same security consolidation rationale. Kraken’s move extends that pattern into crypto-native exchange infrastructure, where wrapped asset failures carry direct reputational and custodial risk for a regulated venue. Chainlink (LINK) 24h 7d 30d 1y All time Discover: The best crypto to diversify your portfolio with Chainlink News: How Kraken’s CCIP Migration Actually Works-and Why the Security Argument Is the Real Story The mechanism here is worth understanding in detail, because the LayerZero-to-CCIP switch is not just a vendor swap; it reflects a fundamentally different trust architecture. LayerZero routes cross-chain messages through configurable relayers and/or oracles chosen by the application developer, which maximizes flexibility but concentrates trust assumptions in operator selections that vary by deployment. CCIP operates through Chainlink’s decentralized oracle network, backed by a separate Risk Management Network-an independent cluster of nodes that monitors for anomalous activity in real time and can halt transfers before losses propagate. NEW: Leading crypto exchange @krakenfx is deprecating its legacy cross-chain provider and migrates to Chainlink CCIP. Starting with kBTC, all current and future Kraken Wrapped Assets will use CCIP for secure distribution across blockchains and global markets. https://t.co/0h0CnnMQSu pic.twitter.com/8Mr3UKoiwm — Chainlink (@chainlink) May 14, 2026 Wrapped assets like kBTC work by locking Bitcoin collateral and minting a synthetic token that moves across smart-contract-enabled chains, allowing Bitcoin liquidity to circulate through DeFi lending, trading, and yield applications. The security of that collateral-to-synthetic link is foundational -a bridge failure does not just freeze transfers, it can drain the locked collateral entirely, as the April 2026 Kelp incident demonstrated when 116,500 rsETH was drained from a LayerZero-powered bridge. CCIP’s rate-limit architecture and audit trail are specifically designed to contain that failure mode. Chainlink oracles already secure roughly 70% of the DeFi oracle market and more than 80% on Ethereum, with CCIP integrated into blue-chip protocols including Aave and Lido. That existing footprint materially reduces integration friction for exchanges like Kraken and gives CCIP a network effect advantage that pure messaging competitors cannot replicate quickly. Johann Eid, Chief Business Officer at Chainlink Labs, framed the institutional logic directly : “Kraken’s migration reflects growing institutional demand for cross-chain systems capable of meeting enterprise-level security requirements.” Discover: The best pre-launch token sales The post Chainlink News: Kraken Just Ditched LayerZero for Chainlink CCIP, And LINK Holders Are the Big Winners appeared first on Cryptonews .
