News from the frontier of crypto, AI & payments.
Coverage and analysis at the intersection of crypto, AI, and payments — through the lens of institutional custody.
DeepSeek's Low-Cost Model Triggers Shift in AI Competition from Scale to Efficiency
Chinese startup DeepSeek's cost-efficient AI model sparked a selloff in U.S. AI infrastructure stocks, with Nvidia plunging 16% in a single day. Leading developers including OpenAI, Meta, and SpaceX have released new models emphasizing cost efficiency over pure scale, signaling a fundamental shift in AI competition from biggest model wins to choose by task, cost, and control.
Apple's M6/M7/M8 Chip Roadmap Reveals AI-Driven Hardware Strategy Shift
Apple's three-generation M-series chip roadmap has been revealed, showing how AI capabilities have become the core driver of chip design, with continuous neural engine enhancements from M6 to M8, while a new AI-enabled Apple Pencil demonstrates the expansion of AI capabilities across product lines.
Zhipu Founder Advocates for Open Frontier AI, Potentially at Odds with Government Direction
The founder of China's leading AI lab, Zhipu, has explicitly argued that frontier AI should remain broadly accessible rather than controlled by a select few, a stance that has drawn attention in global AI governance debates and may diverge from the Chinese government's regulatory direction.
Crypto Wallets Evolve from Trading Tools to Everyday Finance: Robinhood Launches 7% USD Yield Product as Bitget Wallet Hits 100M Users
Digital finance platforms are shifting from pure trading to everyday financial applications. Robinhood introduced Robinhood Earn offering 7% annual yield to 27.7 million users, targeting stablecoin yield scenarios, while Bitget Wallet surpassed 100 million users with payment volumes exceeding trading volumes for the first time, signaling crypto wallets' evolution into global everyday finance accounts.
Apple Sues OpenAI for Trade Secret Theft as Former Partners Head to Court
Apple filed a lawsuit Friday in federal court against OpenAI, alleging systematic theft of trade secrets through former Apple employees to develop competing consumer hardware. The suit marks a dramatic reversal just two years after the companies announced a high-profile partnership integrating ChatGPT into iPhone.
DeepSeek's Low-Cost Model Triggers Shift in AI Competition from Scale to Efficiency
Chinese startup DeepSeek's cost-efficient AI model sparked a selloff in U.S. AI infrastructure stocks, with Nvidia plunging 16% in a single day. Leading developers including OpenAI, Meta, and SpaceX have released new models emphasizing cost efficiency over pure scale, signaling a fundamental shift in AI competition from biggest model wins to choose by task, cost, and control.
U.S. Congress Bans Central Bank Digital Currency Until 2030, Clearing Path for Private Stablecoins
A four-year ban on central bank digital currency (CBDC) embedded in Congress' bipartisan housing bill is set to take effect on July 12, explicitly prohibiting the Federal Reserve from issuing a retail digital dollar until 2030. Despite President Trump's refusal to sign the bill, it will automatically become law under congressional procedures.
Latest from Cobo
Cobo Launches Agentic Wallet: Three Industry Firsts Redefining How AI Agents Interact On-Chain
Cobo launches Cobo Agentic Wallet (CAW), the world's first MPC-secured wallet purpose-built for AI agents, featuring a human-agent authorization protocol and modular skill framework that enables autonomous on-chain execution within user-defined boundaries.
Cobo Agentic Wallet: A New Paradigm for Autonomous AI Agent Transactions and Payments
Cobo launches Cobo Agentic Wallet (CAW), an MPC-based wallet infrastructure designed to enable AI Agents to perform autonomous on-chain transactions with institutional-grade security and human-enforced authorization controls.
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