BitcoinEthereumNews·
The post Bank of America opens $520 million credit line to OpenAI before IPO appeared on BitcoinEthereumNews.com. The Bank of America has offered a $520 million credit line to OpenAI, with the ChatGPT maker preparing to go public in an IPO. This move pulls one of Wall Street’s largest institutions deeper into the business of financing AI. This hands the Bank of America a foothold in what could become one of the biggest listings ever, and also signals that a historically cautious bank now sees AI startups as worth the financial risk. Bank of America makes a U-turn Bank of America, run by CEO Brian Moynihan, had kept its distance from AI startups because a lot of them kept losing money. However, increased competition in the AI financing sector has changed this. OpenAI had already pulled in more than $5 billion from other financiers, and the bank has calculated that sitting out meant potentially losing access to an IPO that could feed its Merrill Lynch wealth-management arm. The bank is a
Read full articleThe integration of Cerebras' wafer-scale compute with GPT-5.6 could revolutionize AI efficiency, reducing latency and enhancing performance. The post OpenAI’s GPT-5.6 achieves inference breakthrough powered by Cerebras wafer-scale compute appeared first on Crypto Briefing.
The post The New Grok 4.5 Is Out. Elon Musk Says It Competes With Last Year’s Claude Opus appeared on BitcoinEthereumNews.com. In brief SpaceXAI released Grok 4.5 on July 8 at $2 per million input tokens and $6 per million output, less than half the price of comparable models from Anthropic and OpenAI. Elon Musk posted on X that the model is “roughly comparable to Opus 4.7,” Anthropic’s previous flagship, now superseded by Opus 4.8, while touting speed and cost over benchmark performance. Grok 4.5 is not available in the EU yet; SpaceXAI says European access is expected in mid-July. Elon Musk’s SpaceXAI released Grok 4.5 on Wednesday, its first public model since the SpaceX-xAI merger closed in February and SpaceX’s pending $60 billion deal to acquire Cursor. It targets coders, engineers, and what the company calls “knowledge workers”—a category that apparently covers everyone from software developers to lawyers reviewing contracts to finance teams building Excel models. The company’s
SpaceXAI's new coding model is cheaper and faster than Anthropic and OpenAI's flagships—and by Musk's own account, at least one generation behind them.
OpenAI's IPO ambitions and Altman's regulatory engagement could reshape AI market dynamics, impacting both equity and crypto investors. The post Sam Altman’s CNBC interview arrives as OpenAI eyes public markets and WLD traders watch closely appeared first on Crypto Briefing.
Frontier models like ChatGPT, Gemini, and Claude are very powerful, but that capability comes at a steep cost. What if you could get the same level of artificial intelligence and […] The post Frontier AI Model Power But 60X Cheaper? It’s Possible, Says Together AI appeared first on AIwire.
OpenAI's focus on enterprise AI solutions could significantly accelerate business adoption and reshape competitive dynamics in the AI industry. The post OpenAI sets livestream for ChatGPT Work update as enterprise AI race heats up appeared first on Crypto Briefing.
OpenAI's GPT-Live voice models could drive demand for decentralized AI compute, impacting crypto markets and reshaping AI infrastructure. The post OpenAI launches GPT-Live voice models that can listen and speak simultaneously, raising the stakes for AI infrastructure tokens appeared first on Crypto Briefing.
The post Levi Strauss (LEVI) Q2 2026 earnings appeared on BitcoinEthereumNews.com. A view of Levi Strauss & Co. headquarters on July 8, 2026 in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings per share to be between $1.46 and $1.52, up from a prior range of between $1.42 and $1.48. At the high end, that’s ahead of expectations of $1.50 per share, according to LSEG. Levi also raised its top line outlook and is now expecting full-year sales to rise between 7% and 7.5%, compared to a prior range of between 5.5% and 6.5%. That’s ahead of expectations of 6.6%, according to LSEG. About half of that growth is expected to come from higher prices and the other half is expected to come from unit sales, said finance chief Harmit Singh. Here’s how Levi did in its secon
