💰Brockman discloses $30 billion OpenAI stake
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💰 Brockman discloses $30 billion OpenAI stake
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💼 Coinbase cuts 14% of staff citing AI
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💰️ Anthropic’s AI agents for finance work
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📱 OpenAI fast-tracks ‘AI agent phone’
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💰 Brockman discloses $30 billion OpenAI stake
OpenAI President Greg Brockman testified Monday that his equity stake in the company is worth nearly $30 billion.
He disclosed significant financial ties to Sam Altman, including an interest in Altman’s personal investment fund since 2017 and holdings in AI chipmaker Cerebras and fusion startup Helion Energy.
Musk’s lawyers argue these links compromise Brockman’s independence as the lawsuit — which seeks $150 billion in damages and a return of OpenAI to nonprofit status — continues.
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💼 Coinbase cuts 14% of staff citing AI
Coinbase is cutting roughly 700 jobs — about 14% of its workforce — as CEO Brian Armstrong restructures the company amid crypto market volatility and a stronger push into AI tools.
The reorganization flattens the company to five layers below the CEO and COO, raises the number of direct reports per leader, and introduces “one-person teams” that combine engineering, design, and product roles using AI.
The layoffs are expected to cost the company between $50 million and $60 million in severance.
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💰️ Anthropic’s AI agents for finance work
Anthropic has unveiled 10 specialized, ready-to-run AI agents targeted at financial services and insurance companies.
These agents can autonomously handle high-value tasks such as building pitch books, screening KYC files, and reviewing earnings and valuations.
Each agent includes built-in domain expertise, data connectors, and Claude models, and can be easily customized to a firm’s specific policies and workflows while keeping users fully in the loop 24/7.
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📱 OpenAI fast-tracks ‘AI agent phone’
OpenAI is speeding up development of its first AI smartphone, with mass production now targeted for the first half of 2027 — a full year earlier than previously reported, according to Ming-Chi Kuo.
The accelerated timeline is reportedly driven by OpenAI’s IPO ambitions and intensifying competition in the AI phone market.
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