Key Takeaways OpenAI raised $8.3 billion in its latest funding round, reaching a $300 billion valuation. The new funding strengthens OpenAI’s path toward a potential IPO and further expansion. Share this article Sam Altman-led OpenAI locked in over $8 billion in its latest funding round, pushing its valuation to $300 billion and accelerating its plans to secure $40 billion in total capital this year, The New York Times reported Friday.In March, OpenAI announced its fundraising plans, with SoftBank pledging up to $30 billion by year-end. The company raised $2.5 billion from venture capital firms that same month and aimed to…
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ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table amid…
Resignation Reform: 401(k) Crypto Investment on the HorizonMajor retirement reforms are underway as new executive orders are expected to encourage the inclusion of 401(k) non-traditional assets, particularly cryptocurrencies. This change reflects an increasing acceptance of mainstream digital assets and is consistent with the administration’s broader financial innovation goals. A comprehensive digital asset strategy report is also expected to accompany orders, providing guidance on how retirement plans can safely and strategically integrate crypto investments.Crypto Holdings restructures mortgage standardsThe Trump administration’s Federal Housing and Finance Agency (FHFA) has directed mortgage giants Fanny Mae and Freddie Mac to consider holding cryptocurrency as part…
Google DeepMind is rolling out Gemini 2.5 Deep Think, which, the company says, is its most advanced AI reasoning model, able to answer questions by exploring and considering multiple ideas simultaneously and then using those outputs to choose the best answer. Subscribers to Google’s $250-per-month Ultra subscription will gain access to Gemini 2.5 Deep Think in the Gemini app starting Friday. First unveiled in May at Google I/O 2025, Gemini 2.5 Deep Think is Google’s first publicly available multi-agent model. These systems spawn AI multiple agents to tackle a question in parallel, a process that uses significantly more computational resources…
Key Takeaways Figma stock jumped 250% on its first day, closing at $115. Figma’s IPO is part of a wave of public listings amid renewed market activity under the Trump administration. Share this article Figma, the collaborative design platform, soared 250% in its NYSE debut Thursday, closing at $115 after pricing its IPO at $33. The stock climbed another 24% to $143 in after-hours trading, Yahoo Finance data shows.The company, which holds $70 million in Bitcoin ETFs, reached an enterprise value of $66 billion at market close, exceeding three times the proposed acquisition price in Adobe’s failed 2022 takeover attempt,…
On July 31, several major financial institutions submitted amendments to the Solana Spot ETF’s S-1 registration statement. This includes top players such as Bitwise, Canary Capital, Coinshares, and Grayscale. Grayscale’s filing also includes a 2.5% pricing structure paid in SOL, suggesting that the company is already treating this like a serious product.The fact that these revisions are currently being made indicates that dialogue with the SEC has moved beyond the idea stage. These filings are refined and yet there is no green light, but regulators are actively reviewing and discussing cryptographic ETF structures such as SOL, XRP, and Doge. This…
Key Takeaways Seven major asset managers have filed amended S-1 registration statements for proposed spot Solana ETFs. Industry experts predict a high probability of SEC approval for spot Solana ETFs, though liquid staking features remain uncertain. Share this article Seven major asset managers – Grayscale, VanEck, Bitwise, Canary, Franklin Templeton, Fidelity, and CoinShares – on Thursday submitted amended S-1 registration statements to the SEC for their proposed Solana (SOL) ETFs.The amendments represent the firms’ continued efforts to secure regulatory nod to expand their crypto ETF offerings beyond Bitcoin and Ethereum products currently available to US investors.Bloomberg ETF analyst Eric Balchunas…
Top 5 altcoins of the past decadeThe crypto market has seen wildcycles and unexpected winners, but when it comes to performance over the decade, five Altcoins are separated from others. These include Ethereum ($ETH), Dogecoin ($doge), Shiba inu ($shib), Binance Coin ($bnb), and Gatetoken ($gt). All five of us list his historical interests. GT and BNB aim to be exchange-related utilities, but the rest is equipped with community, innovation and meme magic.However, if you exclude tokens backed by centralized exchange, the top three altcoins based on 10-year returns are:#1 Shiba inu($shib): +848,740%#2 dogecoin ($doge): +123,678%#3 ethereum ($eth): +123,306%So let’s dive…
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime chief…
Key Takeaways Cardone Capital purchased 100 Bitcoin during a market dip, raising its total holdings to 1,100 BTC worth about $127 million. The firm plans to acquire up to 3,000 more Bitcoin by 2025, aligning real estate investing with crypto exposure. Share this article Cardone Capital acquired 100 Bitcoin amid a market pullback, adding to its existing holdings of 1,000 BTC worth approximately $115 million, said Grant Cardone, founder and CEO of the real estate company, on Thursday. Cardone Capital added 100BTC today as it pulled back. — Grant Cardone (@GrantCardone) August 1, 2025Bitcoin fell below $115,000 today, reaching its…