Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.
Less than 24 hours after news broke that OpenAI would stagger its next model release at the request of the Trump administration, that model, GPT-5.6, is here. On Friday, the company unveiled the limited preview of its new GPT 5.6 model suite: Sol, the flagship; Terra, a medium-tier model for "high-volume work"; and Luna, a "fast and affordable" everyday model. OpenAI says it's especially skilled at coding, cybersecurity, and biology, as well as staying focused during long-horizon agentic AI tasks.
Per million tokens, GPT-5.6 Sol is priced at $5 input / $30 output (nearly half the cost of Anthropic's Claude Fable 5, which is $10 input / $5 …
Read the full story at The Verge.
Mike Belshe, CEO of the company, stressed that these changes resulted from a pivot to security, trading, stablecoins, and AI-powered infrastructure. The move would affect nearly 90 employees, reducing Bitgo’s total headcount to nearly 520. Crypto Custody Company Bitgo Announces Layoffs Bitgo, a company that offers staking, trading, OTC services, financing, settlement, and provides custody […]
Binance's crypto aid in Venezuela highlights stablecoins' potential to bypass economic instability, but execution challenges remain critical.
The post Binance Charity donates $3M in USDT to support Venezuela earthquake victims appeared first on Crypto Briefing.
BitGo cuts nearly 15% of its workforce as the crypto custodian shifts focus to AI, stablecoins, trading, and settlement. Crypto custodian BitGo is reducing its workforce by nearly 15% as it narrows its business focus. The company said the decision follows changes in the digital asset market and financial services sector. BitGo said it will […]
The post Crypto Custodian BitGo Cuts Jobs as It Bets on AI and Stablecoins appeared first on Live Bitcoin News.
SpaceX's stock volatility post-IPO highlights the challenges of market valuation and investor sentiment, impacting future trading dynamics.
The post SpaceX faces mechanical buying pressure as stock loses momentum after IPO appeared first on Crypto Briefing.
AI reliability startup Pramaana Labs has raised $27 million in seed funding led by Khosla Ventures, with participation from Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound. The company is applying formal verification techniques to large language models, targeting industries where AI errors carry serious legal, financial, or medical consequences. Co-founder and CEO Ranjan […]
AI's ability to autonomously reimplement complex software suggests a transformative shift in software development, with economic implications.
The post MirrorCode evaluates AI’s long-horizon coding capabilities with 22 open-source tasks appeared first on Crypto Briefing.
Amazon has announced a further $13 billion investment in India’s AI and cloud infrastructure, bringing its total committed spending in the country to $48 billion. The announcement was made following a meeting between CEO Andy Jassy and Prime Minister Narendra Modi in New Delhi, and will fund the expansion of Amazon Web Services data centre […]
