OpenAI plans to offer a 5% stake to the Trump administration; Altman encourages AI developers to follow suit.
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AXIOS: Trump administration lifts restrictions on OpenAI's GPT 5.6
According to Foresight News , citing AXIOS, the Trump administration has lifted restrictions on OpenAI's GPT 5.6, and the Department of Commerce has approved OpenAI to widely roll out its GPT 5.6 model.
AI giants like OpenAI and Anthropic are offering startups large amounts of free computing power in an effort to seize market share.
According to a report by the Wall Street Journal on July 7th, as reported by Mars Finance, AI companies such as OpenAI and Anthropic are offering substantial free computing power and discounts to startups to compete for enterprise customers. The report states that Silicon Valley startup founders are receiving computing credits, token usage limits, and auction-style discounts from AI model companies. Some early-stage companies have received over $3 million in cloud computing and token credits, approaching the median of seed funding in the US according to PitchBook. AI companies hope to acquire customers in the early stages of startups, making their tools an integral part of their business as these companies grow. Cursor offered a 75% discount until July 5th; Google Cloud offered up to $500,000 in cloud computing credits to some startups, along with early access to the Gemini model and, in some cases, support from DeepMind engineers. Microsoft and Amazon Web Services also offer special privileges to startups. OpenAI and Anthropic have recently been particularly focused on Y Combinator startups. In May, Sam Altman announced that OpenAI would offer $2 million in tokens to each startup participating in its accelerator program in exchange for equity. Around the same time, Anthropic increased its free token allocation to Y Combinator startups from $30,000 to $500,000, without requiring equity. OpenAI subsequently adjusted its offer, providing startups with $500,000 in free tokens, without requiring equity, and offering the option to exchange equity for an additional $1.5 million in tokens. These offers reflect the fierce competition among model providers for future large clients. Y Combinator runs four cohorts annually, with recent cohorts featuring approximately 200 companies each, meaning that OpenAI and Anthropic could potentially offer a combined $800 million in AI tokens over the next year. Christopher Acker, co-founder of SuperPenguin, stated, "The AI world is being driven by OpenAI and Anthropic because they are giving startups money to pay for usage costs."
Former Tether chief investment officer plans to sell part of his 1.26% stake.
According to Odaily Odaily, former Tether Chief Investment Officer Richard Heathcote plans to sell a portion of his Tether stake, currently holding approximately 1.26%. The report states that PJT Partners is handling the secondary equity sale and is currently in talks with potential buyers. (The Block)
Sources say OpenAI, Anthropic, and Google are offering hefty computing power subsidies to startups to compete for enterprise clients.
According to a report by Odaily Odaily, citing sources cited by The Wall Street Journal, OpenAI, Anthropic, and Google are offering startups hundreds of thousands of dollars worth of computing resources and other incentives to attract new enterprise customers. (Jinshi)
Financial AI operates outside of regulation; the UK's FCA plans to expand its jurisdiction over AI giants such as OpenAI and Anthropic.
According to Beating's monitoring, Sheldon Mills, Executive Director of the UK Financial Conduct Authority (FCA), warned that regulators are facing an "arms race" to keep pace with the rapid adoption of AI in the financial services industry as businesses and individuals accelerate their adoption. Mills' report on the financial impact of AI indicates that 20% of UK adults are already willing to let large models make their savings or borrowing decisions. While this service offers an experience equivalent to regulated traditional financial advice, its lack of regulatory oversight means users are unable to obtain any financial compensation when they suffer losses. The report recommends an urgent review of the risks of unregulated financial AI and an application for expanded legislative authorization to strengthen oversight of core technology providers such as Anthropic, OpenAI, Amazon, Google, and Microsoft through a "key third party" mechanism (the UK government has not yet finalized the specific list). It also recommends collaboration to launch free public financial literacy and decision-making guidance services assisted by AI.
SK Hynix: Plans to use net proceeds from its US ADR offering for 45.5 trillion won in construction capital expenditures.
SK Hynix reportedly stated that it plans to use the net proceeds from its US ADR offering for 45.5 trillion won in constructive capital expenditures, specifically for the purchase of extreme ultraviolet (EUV) lithography machines. (Jiemian)