Connect with us

Business

Robinhood launches staking for Ethereum and Solana in ongoing crypto expansion

Published

on



Robinhood is doubling down on crypto offerings. The trading app will launch staking for Ethereum and Solana in New York starting on Tuesday, according to the company, allowing customers to earn yield on cryptocurrency. 

The company will let customers stake in New York and plans to expand across the country. “We’re proud of the momentum we’ve seen with staking and especially excited that staking is now available to customers in New York, which has one of the most rigorous regulatory frameworks in the country,” wrote Johann Kerbrat, senior vice president and general manager of Robinhood Crypto, in a note to Fortune

Staking has been part of the crypto universe for nearly a decade, rewarding users who lock up a stash of tokens in order to help operate a blockchain network. But uncertainty over its legal status has meant it has been mostly experienced crypto users who have engaged in it using their own wallets.

In 2023, the exchange Kraken agreed to pay $30 million to settle allegations that it broke the Securities and Exchange Commission’s rules by offering staking. Robinhood’s launching of crypto stakes reflects a looser regulatory environment under President Donald Trump’s administration. 

“These crypto enhancements are strategic chess moves positioning Robinhood for the anticipated transformation of financial infrastructure through blockchain technology and tokenization—particularly with the regulatory clarity we expect under the current administration,” said Caydee Blankenship, senior equity research analyst at CFRA Research. 

Robinhood also announced a push into global crypto markets. In Europe, it will add perpetual futures contracts on several coins, and it will also enter the Indonesian market, as it agreed to buy a brokerage and crypto platform in the country. 

Robinhood is not new to crypto, as users on the platform have been able to trade Bitcoin and Ethereum since 2018. However, the company has beefed up its crypto arm this year. In June, Robinhood completed a $200 million acquisition of Bitstamp, the world’s longest-running crypto exchange. Crypto transactions accounted for more than 21% of the company’s revenue, as of last month’s earnings report. 

Robinhood’s expansion of their digital assets could help them challenge other crypto exchanges, according to Romeo Alvarez, research analyst at William O’Neil. “Robinhood is stepping up its efforts to compete on a global basis with larger trading platforms like Coinbase, Binance, OKX, and Kraken,” he said.  

The last few days have seen other big banks vie for staking. On Friday, BlackRock filed for a stake Ethereum ETF, the iShares Ethereum Staking Trust (ETHB). The Wall Street giant already has an Ethereum ETF (ETHA), but that one does not have staking components. 



Source link

Continue Reading

Business

Highlights from Fortune Brainstorm AI San Francisco

Published

on



Hello and welcome to Eye on AI. In this edition….Insights from Fortune Brainstorm AI San Francisco…Disney invests $1 billion in OpenAI and licenses its IP to the company…OpenAI debuts GPT-5.2 in effort to silence concerns it’s trailing rivals…Oracle stock takes a tumble.

Hi, it’s Jeremy here. I’m still buzzing from Fortune Brainstorm AI San Francisco, which took place earlier this week. We had a fabulous lineup including Brad Lightcap, OpenAI’s chief operating officer, Google Cloud CEO Thomas Kurian, Intuit CEO Sasan Goodarzi, Exelon CEO Calvin Butler, Databricks CEO Ali Ghodsi, Rivian CEO RJ Scaringe, Insitro CEO Daphne Koller, and many more. We also had a thoughtful conversation on AI’s impacts with actor, director, and increasingly AI thought leader Joseph Gordon Levitt, as well as a scream of a session with actor, comedian and AI CEO Natasha Lyonne. Today, Sharon Goldman, Bea Nolan, and I are going to share a few highlights and personal impressions.

For me, there was a notable vibe this year that a lot of companies are substantially further along in implementing AI across their organizations, including using AI agents in some limited, but important, capacities. Many audience questions, especially in some of the breakout sessions, were around governance and orchestration methods for an increasingly hybrid workforce where AI agents will be completing tasks alongside employees.

Still, it was striking to hear Butler, the Exelon CEO, say that his company is moving cautiously. When the consequence of getting something wrong is literally lights out, security and reliability have to take precedence over everything else. And so Butler said he was happy not to be a “first mover” but instead a “fast follower” when it came to AI implementations. Let other people take the hit and learn from their mistakes, seems to be his view.

And this wasn’t the only place where speakers were seeking to tamp down hype. It was refreshing to hear Michael Truell, the cofounder and CEO of hit coding assistant Cursor tell me that he didn’t think software engineering would ever be fully automated in the way that OpenAI CEO Sam Altman sometimes talks about. Instead Truell said that while the amount of time that coders spent on “compilation” of code would continue to shrink, he saw a continued need for humans to make design decisions around “how should the software work.”

Similarly, Vidya Peters, from DataSnipper, said she thought there would still be a role for qualified accountants within finance organizations, even if they were increasingly being assisted with AI tools such as the one her company makes. She also said she thought that applications geared specifically for a particular industry or job—especially in regulated industries—would continue to win out over more general purpose AI models, even as the big AI companies are increasingly targeting specific professional use cases for their general purpose models.

A panel that Sharon moderated on the “new geography of data centers” was fascinating. The message was that right now, data centers are going where the power is. But increasingly data centers are going to be looking to build their own power on site and possibly even become net contributors to the grid. And Jason Eichenholz, the CEO of Relativity Networks, said that as AI inference workloads come to eclipse AI training workloads, there will be an increasing need to bring data centers close to major population centers, but that most cities in the U.S. are power constrained. How are we going to get these urban centers the tokens they need at the speed at which they need them? That’s anyone’s guess right now, Eichenholz says—although his company builds the fast fiber that will carry those tokens from the data centers to end users.

Finally, I enjoyed hearing Dayle Stevens from Telstra explain why her company chose to form a joint venture with Accenture to deliver its AI stragegy, rather than simply hiring the consulting firm under a traditional service contract. Stevens said the joint venture has enabled the company to move much faster than it would have otherwise and to tap expertise, including starting an AI innovation hub in Silicon Valley, that would have been hard to implement otherwise. 

The future of enterprise AI is hybrid

Now, here’s Sharon’s takeaways: In my mainstage session with PayPal global head of AI Prakhar Mehrotra and Marc Hamilton, VP of solutions architecture and engineering at Nvidia, both discussed the increasing power of open source AI models to allow enterprise companies to control their data and fine-tune for specific use cases. But both agreed that the future of enterprise AI will be hybrid, with enterprises typically using both open models and proprietary model APIs.

There was plenty of time for philosophizing, as well: at one dinner, I chatted with delegates from The Clorox Company, Workday and other companies about everything from what jobs were future-proof (I suggested dog walkers were safe from AI) to what AI would really mean for the future of today’s children (the bottom line: they still need to learn to think for themselves!).

My favorite panel was one I moderated with a half-dozen leaders and stakeholders in the world of AI data centers, including Andy Hock from Cerebras, Matt Field from Crusoe, and former OpenAI infrastructure policy leader Lane Dilg. We dug into how the line is blurring between power infrastructure and data centers, with billions in capital and gigawatts of power at play. My biggest takeaway was that the AI data center issue is local, local, local. Every community and local government will be dealing with its own specific issues and compromises around issues such as land, energy, and water—and what works for one area might not work for another.

People and culture are paramount

And here is what Bea had to say about this year’s Brainstorm AI San Francisco:

Most enterprises are still trying to figure out the best way to adopt AI, but leaders this year were also keen to emphasize that choosing the right tools is only part of the equation. Companies also need to ensure that both their employees and their org charts are ready for the shift—otherwise, even the most advanced AI pilots are likely to fail.

As Accenture’s Chief Responsible AI Officer Arnab Chakraborty put it: “Don’t just think about technology—think about people and the culture. It is so paramount.”

Or take Open Machine CEO Allie K. Miller’s advice and don’t call AI a tool at all: “Calling it a tool ends up being a little bit of borderline self-limiting behavior that is holding enterprise all around the world behind.”

I also moderated a panel of healthcare experts, which brought together a mix of clinicians who see patients every day and tech leaders building and deploying healthtech tools at scale. In healthcare, the industry is generally feeling good about clinician-facing AI, but it’s still wrestling with what it means to safely deploy patient-facing agents.

The panelists discussed, among other things, what it means to be moving toward a future where patients and clinicians consult the same AI before they consult each other.

The excitement is running high on the corporate side, but not that much has really changed in the examination room—at least according to Gurpreet Dhaliwal, a clinician-educator and Professor of Medicine at the University of California. Whether it’s with Dr. Google, Dr. ChatGPT, or just a neighbor with some strong beliefs about antibiotics, Dhaliwal said patients have always arrived with a second opinion in their back pocket. While AI is poised to be a revolutionary force for healthcare—especially in fringe cases such as rare diseases—it’s yet to fundamentally change the dynamic between patients and their physicians.

With that, here’s the rest of the AI news.

Jeremy Kahn
jeremy.kahn@fortune.com
@jeremyakahn

FORTUNE ON AI

Google DeepMind agrees to sweeping partnership with U.K. government focused on science and clean energy—by Jeremy Kahn

Hinge’s founder and CEO is stepping down to start a new AI-first dating app—by Marco Quiroz-Gutierrez

Cursor has growing revenue and a $29 billion valuation—but CEO Michael Truell isn’t thinking about an IPO—by Beatrice Nolan

AI IN THE NEWS

Disney invests $1 billion in OpenAI, brings characters to OpenAI apps. The home of Mickey Mouse is investing $1 billion in OpenAI and, under a three-year licensing deal, will let users generate short, prompt-driven videos in OpenAI’s Sora app using more than 200 Disney, Marvel, Star Wars, and Pixar characters. OpenAI is supposed to create guardrails to prevent users from creating videos or images that might reflect poorly on the Disney brand. The partnership was struck after nearly two years of talks. Meanwhile, Disney simultaneously sent a cease-and-desist letter to Google accusing it of large-scale copyright infringement tied to AI outputs featuring Disney characters. You can read more from The Wall Street Journal here.

OpenAI debuts GPT-5.2 model, answering concerns it was trailing competitors. The company launched a new AI model that, according to evaluations OpenAI conducted, delivers state-of-the-art performance across a wide range of tasks, including coding, mathematical reasoning, and “knowledge work.” The model showed significant improvement over GPT-5.1, which OpenAI released only a month ago, and bested Google’s and Anthropic’s new models. The release of Google’s Gemini 3 Pro in late November prompted OpenAI CEO Sam Altman to declare a “code red” to refocus the company on improving ChatGPT. But OpenAI executives said the release of GPT-5.2 had been in the works for months and that its debut was not related to the “code red.” OpenAI said GPT-5.2 also improves safety, particularly around mental health–related responses. You can read more from Jeremy here.

New lawsuit claims ChatGPT contributed to murder-suicide in Connecticut. A wrongful-death lawsuit was filed against OpenAI and Microsoft after a 56-year-old Connecticut man, Stein-Erik Soelberg, killed his 83-year-old mother and then himself following months of increasingly delusional conversations with ChatGPT. His family says the chatbot reinforced and contributed to his mental illness. OpenAI has expressed condolences and pointed to ongoing improvements to ChatGPT’s ability to recognize and respond to users in distress. You can read more from The Wall Street Journal here.

Microsoft says health queries are the most frequent use of its Copilot AI by consumers. Microsoft analyzed 37.5 million anonymized Copilot conversations from January through September 2025 to understand how people use the AI assistant in daily life. The study found that health-related questions dominated mobile usage, while topics and usage patterns varied significantly by device, time of day, and context. Beyond information search, users increasingly turned to Copilot for advice on personal topics, showing its role as a companion in both work and life moments. You can read Microsoft’s blog on the findings here.

Meta and Eleven Labs sign a new partnership to provide voice overs for Reels. Meta has partnered with London-based voice AI company ElevenLabs to integrate AI-powered audio capabilities across Instagram and Horizon. This partnership will enable new features such as the ability to dub Reels into local languages as well as to generate character voices. You can read more in The Economic Times here.

AI CALENDAR

Jan. 7-10: Consumer Electronics Show, Las Vegas. 

March 12-18: SWSW, Austin. 

March 16-19: Nvidia GTC, San Jose. 

April 6-9: HumanX, San Francisco. 

EYE ON AI NUMBERS

$34 billion

That’s the one-day paper loss Oracle founder and chairman Larry Ellison suffered Thursday after his company’s shares were pummeled by investors increasingly concerned with the amount Oracle is spending to build data centers for OpenAI. Oracle’s quarterly capital expenditures for the last quarter came in above analyst expectations and in fact exceeded the amount of cash the company generated in the quarter. “It’s like the poster child of the AI bear case,” Jay Hatfield, chief executive of Infrastructure Capital Advisors, told the Wall Street Journal.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.



Source link

Continue Reading

Business

Backflips are easy, stairs are hard: Robots still struggle with simple human movements, experts say

Published

on


Whether it’s running down a track, doing a backflip, dancing to music, or kickboxing, there are more and more videos of humanoid robots doing increasingly impressive things.

Yet speakers at the Fortune Brainstorm AI conference on Tuesday warned against getting too dazzled by the acrobatic feats. A robot doing a backflip–something difficult for a person–looks impressive. But ask a robot to perform seemingly easy tasks, say, climbing up stairs or grabbing a glass of water, and many of todays droids still struggle.

“What looks hard is easy, but what looks easy is really hard,” Stephanie Zhan, a partner at Sequoia Capital, explained, paraphrasing an observation from computer scientist Hans Moravec. In the late Eighties, Moravec and other computer scientists noted that it was easier for computers to perform well on tests of intelligence, yet failed at tasks that even young children could do.

Deepak Pathak, CEO of robotics startup Skild AI, explained that robots, and computers in general, were good at doing complex tasks when operating in a controlled environment. Showing a video of a Skild robot skipping down a sidewalk, Pathak noted that “apart from the ground, the robot is not interacting with anything.”

Yet for tasks like picking up a bottle or walking up stairs, a person is using vision to “continuously correct” what he or she is doing, Pathak explains. “That interaction is the root reason for human general intelligence, which you don’t appreciate because almost every human has it.”

Zhan explained that viral videos of humanoid robots don’t show how the product was trained, nor whether it can operate in an uncontrolled environment. “The challenge for you as a consumer of all these videos is to really discern what’s real and what’s not,” she said.

The next step for robots

Still, both speakers were optimistic that advances in general intelligence will soon lead to more advanced and flexible robots.

“Robots used to be driven more by human intelligence. Somebody super smart would look at [a task], and…pre-program the robot mathematically to do it,” Pathak said. 

But now, the robotics field is shifting from “programming something to learning from experience,” he explained. This allows for new robots that handle more complex tasks in more uncontrolled environments, and which can easily be adapted for other tasks without the cost of reprogramming and retooling them. 

Stephanie Zhan, partner at Sequoia Capital, speaking at Fortune Brainstorm AI in San Francisco on Dec. 9, 2025.

Stuart Isett for Fortune

Today’s robotics firms are “still constrained by having robots that are only built for specific things,” Zhan argued. A robotics platform with more general intelligence can open up “possibilities that are otherwise not possible for us to achieve,” including tasks that are currently dangerous for human workers.

Consumers could benefit too. “You see all these household robots, but they’re only capable of doing one thing,” Zhan said. “But if we succeed at building general intelligent robots, you will finally have consumer robots that can tackle the whole host of household tasks that you now have.” A similar point was made earlier at Brainstorm AI by Qualcomm CEO Rene Haas, who said that the general adaptability of humanoid robots will make them much better suited for factory jobs than the robotics arms used today.

There are social repercussions to a robotics boom, dislodging jobs that, as of now, still needed to be done by humans. Yet Pathak was sanguine about the social benefits of spreading automation. One is safety, as robots remove the need for humans to do jobs that are hazardous or unhealthy in the long-run. Another benefit is filling the massive labor shortage for blue-collar and manufacturing jobs. (That shortfall has been a barrier to U.S. efforts to re-shore much of its advanced manufacturing from Asian economies.)

Yet Pathak also envisioned a future where robots free humans from the drudgery of everyday work, even as he admitted that societies needed to figure out how to spread the gains from automation. “There lies a scenario, a good scenario, where everybody is doing things that they like,” Pathak said. “Work is more optional, and they are doing things that they enjoy.”



Source link

Continue Reading

Business

‘Creativity is the new productivity’: Bob Iger on why Disney chose to be ‘aggressive’

Published

on



In a landmark move that signals a definitive shift in how major media conglomerates approach artificial intelligence (AI), OpenAI has gone from the company that had unapproved Disney princesses being made from its tools to a $1 billion partnership with the house of mouse itself. Disney CEO Bob Iger unpacked the deal jointly with OpenAI CEO Sam Altman in a TV interview with CNBC’s Squawk on the Street, explaining “we’d rather participate in the rather dramatic growth, rather than just watching it happen and essentially being disrupted by it.” He also reframed the issue of how AI is reshaping entertainment, business, even work itself: “Someone once said to me that creativity is the new productivity, and I think you’re starting to see that more and more.”

The deal, which brings Disney’s intellectual property to OpenAI’s video generation platform Sora, is structured to balance “aggressive” intellectual property protection with a willingness to embrace inevitable technological disruption, Iger said. Under the terms of the three-year agreement, Disney will license approximately 200 characters for use within Sora, allowing users to create short-form videos featuring iconic figures ranging from Mickey Mouse to Star Wars personalities.

Iger framed the partnership not as a concession to AI, but as a necessary evolution—and one that is actually good for human artists. This is because the deal does not include name and likeness, nor does it include character voices. “And so, in reality, this does not in any way represent a threat to the creators at all, in fact, the opposite. I think it honors them and respects them, in part because there’s a license fee associated with it.” Iger stressed repeatedly Disney wants to be on the cutting edge of how technology reinvents entertainment. “No human generation has ever stood in the way of technological advance, and we don’t intend to try.”

The partnership stands in stark contrast to Disney’s relationship with other tech giants. On the same day the OpenAI deal was announced, Disney sent a cease-and-desist letter to Google regarding alleged misuse of IP. Iger explained the divergence in approach by noting that, unlike Google, OpenAI has agreed to “honor and value and respect” Disney’s content through a licensing fee and safety guardrails. “We have been aggressive at protecting our IP, and we have gone after other companies that have not honored our IP,” Iger said, adding conversations with Google had failed to “bear fruit.”

A win-win partnership?

For OpenAI, reportedly under pressure from the aforementioned Google—whose Gemini 3 has been hailed by AI luminaries such as Salesforce billionaire Marc Benioff—the deal represents a validation of its generative video technology. Altman told CNBC user demand for Disney characters was “sort-of off the charts,” and he envisioned a future in which fans can generate custom content, such as a “Buzz Lightyear custom birthday video” or a personalized lightsaber scene. Altman argued the partnership would unlock “latent creativity” in the general public by lowering the skill and effort required to bring ideas to life.

The collaboration will also extend to Disney’s own streaming platform. Iger revealed plans to integrate “user prompted Sora-generated content” directly into Disney+. He said specifically Disney has “wanted for a long time to have what we will call user-generated content on our platform,” suggesting this partnership is a defensive move with regard to streaming giant YouTube and social media epicenter TikTok, which is partially under the control of the Ellison family that also controls entertainment rival Paramount.

The deal includes undisclosed warrants, giving Disney a financial stake in OpenAI’s success. Iger confirmed the warrants and declined to offer more specifics. He compared this forward-thinking approach to Disney’s 2005 decision to license shows to iTunes, viewing the OpenAI partnership as the modern equivalent of boarding a “profound wave” of societal change.

Iger revealed the groundwork for this deal was laid several years ago, saying he had first met Altman in 2022, when he was retired from Disney, before his comeback as CEO. Altman gave Iger a “bit of a road map” about where OpenAI was headed, and Disney has been “extremely impressed” with OpenAI’s growth since then, with all of Altman’s predictions from 2022 coming true a lot faster than either party realized. Iger added Disney sees great opportunities to license other product from OpenAI in the years ahead, which he sees being a huge push in “essentially accomplish[ing] a lot of what we feel we need to accomplish in the years ahead.”



Source link

Continue Reading

Trending

Copyright © Miami Select.