Tech
Global Illumination teams up with OpenAI to enhance ChatGPT and other core products. US regulators approve Coinbase’s crypto futures trading platform
Global Illumination, a start-up focused on ChatGPT and other products, joins Microsoft-backed OpenAI
Good morning tech family, here are some quick tech updates for you to follow!
Today’s news: Google offers job opportunities for graduates
Quick insights: US Regulators Approve Coin Base Crypto Futures Trading Platform
Popular artificial intelligence startup OpenAI said Wednesday that it has acquired Global Illumination, a maker of digital products. The financial specifics of the deal were kept confidential. According to OpenAI, the entire Global Illumination staff has joined OpenAI to work on the company’s flagship technologies, which include ChatGPT. Thomas Dimson, Taylor Gordon and Joey Flynn, who had all previously worked on Instagram for Meta Platforms, formed New York-based Global Illumination in 2021.
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The Securities and Exchange Commission (SEC) has sued Coinbase Global, but the company said on Wednesday that it has obtained authorization to provide bitcoin futures to U.S. retail consumers. This is a significant legal victory. As a result of the change, Coinbase will now be able to directly offer Bitcoin and ether futures to qualified US customers. Until now, only its institutional clients could deal with such matters. Following the clearance, Coinbase shares rose 3% to $81.55. The license was issued by the National Futures Association (NFA), a self-regulatory organization licensed by the Commodity Futures Trading Commission (CFTC).