Lithuania questions legality of Robinhood’s new tokens

Robinhood’s new blockchain tokens, which are tied to firms like SpaceX and OpenAI, are under EU scrutiny, with Lithuania’s central bank reviewing whether the product meets financial rules.

The tokens, introduced on 30 July, allow retail investors to gain exposure to high-profile private firms through digital assets. Although Robinhood offered a promotional giveaway to attract EU users, questions quickly arose over the product’s legal classification and how it was marketed to the public.

OpenAI has publicly stated it has no affiliation with Robinhood and has not authorised share transfers. Robinhood responded by confirming that the tokens do not represent actual equity but provide access to the value of private firms via non-equity instruments.

Regulators are now assessing whether the product meets compliance standards and whether investor information has been presented clearly and accurately. The central bank has requested further details before issuing a formal judgement.

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OpenAI rejects Robinhood’s token offering

OpenAI has publicly disavowed Robinhood’s decision to sell so-called ‘OpenAI tokens’, warning that these blockchain-based contracts do not offer real equity in the company.

In a statement posted on X, OpenAI made clear that it had not approved, endorsed, or participated in the initiative and emphasised that any equity transfer requires its direct consent.

Robinhood recently announced plans to offer tokenised access to private firms like OpenAI and SpaceX for investors in the EU. The tokens do not represent actual shares but mimic price movements using blockchain contracts.

Despite OpenAI’s sharp rejection, Robinhood’s stock surged to record highs following the announcement.

A Robinhood spokesperson later claimed the tokens were linked to a special purpose vehicle (SPV) that owns OpenAI shares, though SPVs do not equate to direct ownership either.

The company said the move aims to give everyday investors indirect exposure to high-profile startups through digital contracts.

Robinhood CEO Vlad Tenev defended the strategy on X, saying the token sale was just the beginning of a broader effort to democratise access to private markets.

OpenAI, meanwhile, declined to comment further.

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OpenAI and Oracle join forces for massive AI data centre expansion

OpenAI had signed a significant cloud computing deal with Oracle worth $30 billion per year, aiming to secure around 4.5GW of capacity through the Stargate joint venture, in which Oracle is a key investor.

Oracle plans to develop several large-scale data centres across the United States, including a potential expansion of its Abilene, Texas, site from 1.2GW to 2GW.

According to reports from Bloomberg and the Financial Times, other locations under consideration include Michigan, Wisconsin, Wyoming, New Mexico, Georgia, Ohio, and Pennsylvania.

In addition to its collaboration with Oracle, OpenAI continues using Microsoft Azure as its primary cloud provider and works with CoreWeave and Google. Notably, OpenAI leverages Google’s custom TPUs in some operations.

Despite the partnerships, OpenAI is pursuing plans to build its data centre infrastructure. The company also intends to construct a Stargate campus in the United Arab Emirates, in collaboration with Oracle, Nvidia, Cisco, SoftBank, and G42, and is scouting global locations for future facilities.

The massive investment underscores OpenAI’s growing compute needs and the global scale of its AI ambitions.

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Apple may use ChatGPT or Claude to power Siri

Apple is reportedly in talks with OpenAI and Anthropic as it considers outsourcing AI technology for its voice assistant, Siri.

The discussions are said to include the possibility of training versions of ChatGPT or Claude to run on Apple’s cloud infrastructure. According to Bloomberg’s Mark Gurman, Apple is currently leaning towards Anthropic’s Claude as a better fit for Siri, although no final decision has been made.

While Apple already allows users to access ChatGPT through its Apple Intelligence platform, the integration is currently optional and user-driven.

What is now under consideration would mark a significant shift, such as choosing a third-party model to power Siri directly. The initiative comes as the company struggles to keep pace in a rapidly advancing AI market dominated by Google, OpenAI, and others.

Apple is still developing its large language models under a project codenamed LLM Siri. However, these in-house systems are reportedly lagging behind leading models already available.

Should Apple proceed with a third-party integration, it would signal a rare admission that its internal AI efforts are not enough to compete at the highest level.

Once celebrated for breakthrough innovations like the iPhone, Apple has faced growing criticism for a lack of fresh ideas. With rivals embedding generative AI into everyday tools, the pressure is mounting.

If Siri remains limited — still unable to answer basic questions — Apple risks alienating even its most loyal users. Whether through partnership or internal progress, the company now faces a narrowing window to prove it still leads, instead of follows.

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OpenAI leadership battles talent exodus

OpenAI is scrambling to retain its top researchers after Meta launched a bold recruitment drive. Chief Research Officer Mark Chen likened the situation to a break-in at home and reassured staff that leadership is actively addressing the issue.

Meta has reportedly offered signing bonuses of up to $100 million to entice senior OpenAI staff. Chen and CEO Sam Altman have responded by reviewing compensation packages and exploring creative retention incentives, assuring fairness in the process.

The recruitment push comes as Meta intensifies efforts in AI, investing heavily in its superintelligence lab and targeting experts from OpenAI, Google DeepMind, and Scale AI.

OpenAI has encouraged staff to resist pressure to make quick decisions, especially during its scheduled recharge week, emphasising the importance of the broader mission over short-term gains.

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Meta expands AI ambitions with more OpenAI hires

According to a report published by The Information on Sunday, Meta Platforms has hired four additional researchers from OpenAI.

The researchers—Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren—are set to join Meta’s AI team as part of a broader recruitment drive. All four were previously involved in AI development at OpenAI, the Microsoft-backed company behind ChatGPT and other generative models.

Earlier in the week, The Wall Street Journal reported that Meta had hired three more OpenAI researchers—Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai—based in the firm’s Zurich office.

The hires reflect Meta’s increased investment in advanced AI research, particularly in ‘superintelligence’, a term CEO Mark Zuckerberg has used to describe future AI capabilities.

Meta and OpenAI have not yet responded to requests for comment. Reuters noted that it could not independently verify the hiring details at the time of reporting.

With growing competition among tech giants in AI innovation, Meta’s continued talent acquisition suggests a clear intention to strengthen its internal capabilities through strategic hiring.

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Sam Altman reverses his stance on AI hardware as current computers can’t meet the demands

Sam Altman, CEO of OpenAI, has returned from his earlier position, saying that AGI would not need new hardware.

Speaking on a podcast with his brother, Altman said current computers are no longer suited for the fast-evolving demands of AI. Instead of relying on standard hardware, he now believes new solutions are necessary.

OpenAI has already started developing dedicated AI hardware, including potential custom chips, marking a shift from using general-purpose GPUs and servers.

Altman also hinted at a new device — not a wearable, nor a phone — that could serve as an AI companion. Designed to be screen-free and aware of its surroundings, the product is being co-developed with former Apple design chief Jony Ive.

The collaboration, however, has run into legal trouble. A federal judge recently ordered OpenAI and Ive to pause the promotion of the new venture after a trademark dispute with a startup named IYO, which had previously pitched similar ideas to Altman’s investment firm.

OpenAI’s recent $6.5 billion acquisition of io Products, co-founded by Ive, reflects the company’s more profound commitment to reshaping how people interact with AI.

Altman’s revised stance on hardware suggests the era of purpose-built AI devices is no longer a vision but a necessary reality.

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Meta hires top OpenAI researcher for AI superintelligence push

Meta has reportedly hired AI researcher Trapit Bansal, who previously worked closely with OpenAI co-founder Ilya Sutskever on reinforcement learning and co-created the o1 reasoning model.

Bansal joins Meta’s ambitious superintelligence team, which is focused on further pushing AI reasoning capabilities.

Former Scale AI CEO Alexandr Wang leads the new team, brought in after Meta invested $14.3 billion in the AI data labelling company.

Alongside Bansal, several other notable figures have recently joined, including three OpenAI researchers from Zurich, a former Google DeepMind expert, Jack Rae, and a senior machine learning lead from Sesame AI.

Meta CEO Mark Zuckerberg is accelerating AI recruitment by negotiating with prominent names like former GitHub CEO Nat Friedman and Safe Superintelligence co-founder Daniel Gross.

Despite these aggressive efforts, OpenAI CEO Sam Altman revealed that even $100 million joining bonuses have failed to lure key staff away from his firm.

Zuckerberg has also explored acquiring startups such as Sutskever’s Safe SuperIntelligence and Perplexity AI, further highlighting Meta’s urgency in catching up in the generative AI race.

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Microsoft and OpenAI revisit investment deal

OpenAI chief executive Sam Altman revealed that he had a conversation with Microsoft CEO Satya Nadella on Monday to discuss the future of their partnership.

Speaking on a New York Times podcast, Altman described the dialogue as part of ongoing efforts to align on the evolving nature of their collaboration.

Earlier this month, the Wall Street Journal reported that Microsoft — OpenAI’s primary backer — and the AI firm are in discussions to revise the terms of their investment. Topics under negotiation reportedly include Microsoft’s future equity stake in OpenAI.

According to the Financial Times, Microsoft is weighing whether to pause the talks if the two parties cannot resolve key issues. Neither Microsoft nor OpenAI responded to media requests for comment outside regular business hours.

‘Obviously, in any deep partnership, there are points of tension, and we certainly have those,’ Altman said. ‘But on the whole, it’s been wonderfully good for both companies.’

Altman also commented on his recent discussions with United States President Donald Trump regarding AI. He noted that Trump appeared to grasp the technology’s broader geopolitical and economic significance.

In January, Trump announced Stargate — a proposed private sector initiative to invest up to $500 billion in AI infrastructure — with potential backing from SoftBank, OpenAI, and Oracle.

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OpenAI and io face lawsuit over branding conflict

OpenAI and hardware startup io, founded by former Apple designer Jony Ive, are now embroiled in a trademark infringement lawsuit filed by iyO, a Google-backed company specialising in custom headphones.

The legal case prompted OpenAI to withdraw promotional material linked to its $6.005 billion acquisition of io, raising questions about the branding of its future AI device.

Court documents reveal that OpenAI and io had previously met with iyO representatives and tested their custom earbud product, although the tests were unsuccessful.

Despite initial contact and discussions about potential collaboration, OpenAI rejected iyO’s proposals to invest, license, or acquire the company for $200 million. The lawsuit, however, does not centre on an earbud or wearable device, according to io’s co-founders.

Io executives clarified in court that their prototype does not resemble iyO’s product and remains unfinished. It is neither wearable nor intended for sale within the following year.

OpenAI CEO Sam Altman described the joint project as an attempt to reimagine hardware interfaces. At the same time, Jony Ive expressed enthusiasm for the device’s early design, which he claims captured his imagination.

Court testimony and emails suggest io explored various technologies, including desktop, mobile, and portable designs. Internal communications also reference possible ergonomic research using 3D ear scan data.

Although the lawsuit has exposed some development details, the main product of the collaboration between OpenAI and io remains undisclosed.

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