Ten major banks including Bank of America, Deutsche Bank, and UBS announce an early-stage project to explore issuing stablecoins pegged to G7 currencies
- Group includes US, UK, Swiss, Japanese, Canadian lenders — Banks seeking to find their way as stablecoin demand grows
Bill Peebles, head of Sora at OpenAI, says the app hit 1M downloads less than five days after its launch on September 30, which is even faster than ChatGPT did
and ringing alarm bells Jason Aten / Inc : Mark Cuban Just Invited Everyone to Deepfake Him on Sora and It's Really Quite Brilliant Chris McKay / Maginative : OpenAI's New Video App Tops 1M Downloads—...
Documents: OpenAI told investors it expects revenue of $125B in 2029 and $174B in 2030, with sales from agents and other products exceeding those from ChatGPT
and a future beyond ChatGPT Bluesky: Ed Zitron / @edzitron.com : I love The Information, I pay for it (and The Information Pro), but this article saying OpenAI will top $125bn in 2029 is utterly awful...
Sources: BOA, principally lobbying through trade associations, is pushing US lawmakers for rules favoring banks over tech companies in stablecoin issuance
- Bank of America is lobbying for rules favoring banks over tech firms in stablecoin issuance. — Circle is positioning itself …
Apple is unlikely to move iPhone production to the US anytime soon due to a lack of facilities, skilled labor, and established supply chains like Asia's
President Trump's tariffs aim to bring manufacturing … Kara Sherrer / TechRepublic : iPhone Price Could Triple Due to Escalating US-China Tariff War Ben Jiang / South China Morning Post : Apple's supp...
Bakkt's stock fell 27%+ on March 18 after the crypto company said that two of its largest clients, Bank of America and Webull, would not renew their agreements
Stephen Katte / Cointelegraph :
Stripe, Revolut, and other banks and fintechs rush to launch stablecoins; there are ~$210B in stablecoins issued globally, including Tether printing $142B
Bank of America and Stripe target market for payments in cryptocurrencies — Some of the world's largest banks and fintechs …
The US CFPB drops its lawsuit against Zelle operator EWS, JPMorgan, Bank of America, and Wells Fargo, after suing them in December 2024 over fraud complaints
The Consumer Financial Protection Bureau on Tuesday dismissed its lawsuit against the operator of the Zelle payments network …
NYC-based Versana, a two-year-old platform that allows lenders to access data about $2.7T worth of loans, raised $26M from Barclays, Bank of America, and others
Jan-Henrik Foerster / Bloomberg :
Bank of America values Jio Platforms at $107B, up 64.6% from $65B in 2020 when the Indian telecoms and digital conglomerate raised $20B+ from Meta and others
Manish Singh / TechCrunch :