Coinbase detailed plans on June 16 for a unified account spanning crypto, stocks, ETFs, perpetual futures, lending and AI trading agents, as COIN shares gained 2.6%.
Tag: artificial intelligence
Posted inTech
SpaceX-xAI’s $75 billion raise signals AI infrastructure is entering the public-market era
SpaceX-xAI’s record $75 billion IPO on June 12 marks the moment AI infrastructure financing moved from venture capital to public markets, with $30 billion in compute deals and a $1.77 trillion valuation setting the benchmark.
Posted inTech
OpenAI files confidential S-1 with the SEC as the AI IPO race intensifies
OpenAI submitted a draft S-1 registration statement to US regulators on June 8 at an $852 billion valuation, joining a historic cluster of AI companies moving toward public markets.
Posted inTech
Apple powers Siri AI with Google Gemini as Tim Cook names his September successor
Apple unveiled a rebuilt Siri AI using Google’s Gemini model at WWDC 2026, while CEO Tim Cook announced John Ternus as his successor effective September 1.
Posted inTech
Florida sues OpenAI and Sam Altman in first state lawsuit over AI safety
Florida Attorney General James Uthmeier filed an 83-page complaint against OpenAI and CEO Sam Altman on June 1, alleging ChatGPT aided mass shooters, encouraged suicide, and addicted minors.
Posted inTech
Microsoft and OpenAI end exclusivity in a partnership reset that opens ChatGPT to all clouds
An amended agreement announced April 27 makes Microsoft’s AI license non-exclusive through 2032, lets OpenAI sell through any cloud provider, and ends the revenue share Microsoft paid — a structural shift driven by OpenAI’s $50 billion Amazon deal.
Posted inTech
EU Parliament delays AI Act high-risk rules to December 2027
EU Parliament voted to delay AI Act high-risk system rules until December 2027, while backing a ban on nudifier AI systems in a broader simplification package.
Posted inWorld
Pope Leo XIV warns AI warfare is driving a spiral of annihilation
At Rome’s La Sapienza University, Pope Leo XIV condemned surging military AI investment and warned that autonomous weapons are eroding human accountability for war.
Posted inTech
Jensen Huang joins Trump’s China trip in bid to end the H200 chip stalemate
Nvidia CEO Jensen Huang joined Trump’s Beijing delegation at the last minute to push for H200 AI chip sales to China, which remain blocked despite US authorization granted months ago.
Posted inMarkets
Cerebras stock doubles as AI chip IPO raises $5.5 billion
Cerebras priced its IPO at $185 per share Wednesday, raising $5.5 billion, then opened at $385 — up 108% — making it the biggest US tech IPO of 2026 so far with a $66 billion end-of-day valuation.