Why JPMorgan AI is no longer an experiment
JPMorgan AI spending has been reclassified from discretionary innovation to core infrastructure, placing it alongside data centers and cybersecurity in the bank’s budget. Summary JPMorgan...
Category : News
OpenAI IPO nears as revenue crosses $25bn
OpenAI has crossed $25bn in annualized revenue and is actively preparing its OpenAI IPO for as early as the fourth quarter of 2026. Summary OpenAI...
Virginia redistricting vote erased by state court
Virginia redistricting referendum was struck down 4-3 by the state Supreme Court on May 8, with Democrats immediately filing to appeal to SCOTUS Summary The...
MoonPay says stablecoin regulation opened the door but infrastructure must follow
Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps...
US banks reject CLARITY Act stablecoin deal days before Senate vote
The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May...
Coinbase x402 powers Amazon’s AI agent payments
Coinbase x402 is now native to Amazon Bedrock AgentCore, letting AI agents pay for services in USDC without human input Summary AWS launched Amazon Bedrock...
Pentagon’s UAP files include Apollo moon photos
The Pentagon released 162 UAP files on May 8, including NASA Apollo moon photos and 1965 astronaut audio Summary The Department of War posted 162...
Why Connecticut SB5 alarms US AI companies
Connecticut SB5 passed both chambers on May 1 and heads to the governor, making it one of the most comprehensive state AI laws in the...
Morgan Stanley’s ETrade crypto undercuts Coinbase
Morgan Stanley has launched E*Trade crypto trading at 0.5%, undercutting Coinbase, Schwab, and Robinhood in a pilot set to reach 8.6 million users. Summary Morgan...
US court finds Meta AI ads created fraud
A US court has found that Meta’s AI ads tools materially developed fraudulent investment content, stripping Section 230 immunity and exposing the platform to securities...