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Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing

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Microsoft has officially designated OpenAI as a strategic partner, according to a recent filing with the Securities and Exchange Commission (SEC). The move underscores Microsoft’s commitment to strengthening its relationship with the artificial intelligence research organization and leveraging its advanced technologies.

The SEC filing details that Microsoft will integrate OpenAI’s cutting-edge AI tools into its suite of products and services. This partnership is set to enhance Microsoft’s AI capabilities, particularly in areas such as natural language processing, machine learning, and cloud computing. By collaborating with OpenAI, Microsoft aims to drive innovation and provide new solutions for its enterprise and consumer customers.

“We are thrilled to announce this strategic partnership with OpenAI,” said Satya Nadella, CEO of Microsoft. “Their groundbreaking AI technology aligns perfectly with our vision of harnessing AI to transform industries and improve everyday life. This collaboration will enable us to deliver more powerful and intelligent solutions to our customers.”

The filing also outlines the financial terms of the partnership, which includes significant investments from Microsoft to support OpenAI’s research and development efforts. This financial commitment reflects Microsoft’s strategic focus on advancing AI technology and integrating it across its product ecosystem.

OpenAI has been at the forefront of AI research, known for its innovations such as the GPT series of language models. The partnership with Microsoft is expected to further amplify OpenAI’s research capabilities and accelerate the development of next-generation AI applications.

The SEC filing highlights that the partnership could have substantial implications for both companies, potentially influencing market dynamics in the tech industry. Analysts suggest that this move might bolster Microsoft’s competitive edge in the rapidly growing AI sector while positioning OpenAI as a key player in the development of advanced AI technologies.

The collaboration also aligns with broader trends in the technology sector, where major tech companies are increasingly forming strategic alliances to leverage cutting-edge innovations and drive growth. As Microsoft and OpenAI work together, the tech industry will be closely watching the outcomes of this partnership and its impact on the future of AI.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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