OpenAI is poised to undercut rivals like Anthropic and Google in the race to see its AI tools integrated into federal agency workflows. The AI giant has reached an agreement with the U.S. General Services Administration (GSA), the government’s central purchasing arm, to offer ChatGPT Enterprise to participating federal agencies for just $1 per agency for the next year. The partnership comes a day after the GSA added OpenAI, Google, and Anthropic to a list of approved AI vendors that can offer their services to civilian federal agencies. The companies will see their tools offered via the Multiple Award Schedule…
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Google on Wednesday launched its AI coding agent, Jules, out of beta, just over two months after its public preview debut in May. Powered by Gemini 2.5 Pro, Jules is an asynchronous, agent-based coding tool that integrates with GitHub, clones codebases into Google Cloud virtual machines, and uses AI to fix or update code while developers focus on other tasks. Google initially announced Jules as a Google Labs project in December and made it available to beta testers through a public preview at its I/O developer conference. Kathy Korevec, director of product at Google Labs, told TechCrunch that the tool’s…
Companies across many industries are implementing AI agents for internal use, automating a wide range of tasks. In the financial sector, AI agents are critical for fraud detection. They can analyze vast amounts of transaction data in real time. Meanwhile, sales organizations are using AI agents to gather data on potential customers. These AI sales agents can scour the web and social media for information. To be effective, these agents need to access the internet and find information from relevant sources, all while following company policies and mirroring how a human researcher would work. Connecting an agent directly to a…
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Share this article Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies, has raised $70 million in Series B funding co-led by Andreessen Horowitz (a16z) and ICONIQ, the company announced Wednesday.This brings Rillet’s total funding to over $100 million in under a year. Seth Pierrepont, General Partner of ICONIQ, and Alex Rampell, General Partner…
AI agent tools promise to siphon out some of the drudgery from daily workflows, but most organizations are hesitant to adopt them yet, harboring a pressing concern: data security. Large enterprises with trade secrets, companies in highly regulated industries, and government agencies have thought more than twice about bringing in AI tools out of concern that their — or worse, their customers’ — data could inadvertently be compromised, or used to train foundation models. Canadian AI firm Cohere is taking aim at alleviating those concerns with its new AI agent platform dubbed North, which promises to enable private deployment so…
The U.S. Department of Justice (DOJ) said on Tuesday that two Chinese nationals have been arrested for their alleged involvement in illegally shipping “tens of millions of dollars” worth of high-performance AI chips to China. The DOJ said Chuan Geng and Shiwei Yang were arrested in California on August 2 and charged with violating the Export Control Reform Act, a felony that carries a statutory penalty of a maximum of 20 years in prison. Geng and Yang are accused of knowing and willfully shipping “sensitive technologies,” including GPUs, to China from the U.S. through their California-based company, ALX Solutions. The…
European search engines Qwant and Ecosia said on Wednesday that they have both started serving search queries through an index they developed together, Staan, which aims to be a cheaper, more privacy-focused alternative to Google and Bing. Last year, French privacy-focused search engine Qwant struck a joint venture with German non-profit search engine Ecosia, to develop a European search index. Called European Search Perspective (EUSP), the JV now aims to serve around 50% of French queries and 33% of German queries by the end of the year. Qwant said it is using the new index to power some of its…
Key Takeaways SBI Holdings expects to launch Japan’s first crypto ETFs, focusing on XRP, Bitcoin, and a blended ‘Digital Gold’ ETF. The crypto ETF will provide investors with direct exposure to both XRP and Bitcoin via traditional financial instruments. Share this article SBI Holdings, Japan’s financial conglomerate with active operations in banking, securities, asset management, and fintech, has floated plans to introduce Bitcoin and XRP exchange-traded funds (ETFs) on the Tokyo Stock Exchange, subject to forthcoming regulatory changes.In its latest financial results presentation, SBI has outlined two proposals designed to capture the growing demand for digital asset management and take…
Key Takeaways Changpeng Zhao filed a motion to dismiss a $1.7 billion lawsuit filed by an FTX trust related to a share repurchase agreement. The lawsuit alleges Binance and its executives received improper funds, but Zhao contests US jurisdiction and claims legal deficiencies. Share this article Changpeng “CZ” Zhao, the co-founder of Binance, has filed a motion to dismiss a lawsuit from FTX’s bankruptcy estate, which is seeking to claw back $1.7 billion tied to a 2021 share repurchase agreement, according to a new report from Bloomberg Law.In November 2024, FTX’s bankruptcy estate sued Binance and CZ, alleging that their…
Bitcoin prices rebounded again after first colliding with $112,000 in crash drop. This was spurred by profitability as digital assets rose to levels not seen before in July 2025. However, this recovery does not mean that Bitcoin is completely out of the water, especially given the fact that it has been pulled back to what is considered bearish at this point. Bearish FVG can crash Bitcoin prices In the analysis, crypto analyst Kamran Asghar revealed that Bitcoin retrace has returned to a bearish fair value gap (FVG) and is temporary and short-lived. This is where, after a small bounce from…