OpenAI sees losses grow to $38.5 billion in 2025

Key Takeaways

• Bybit offers a $30,000 USDT prize pool for AI Subaccount users.
• Senator Bernie Sanders proposes public ownership of AI companies.
• Cursor co-founders become billionaires after SpaceX acquisition.
• OpenAI's losses grow to $38.5 billion in 2025.
• Databricks acquires Panther to enhance security lakehouse category.
• Intel advances responsible business practices and AI-driven growth.
• The AI boom leads to higher electric bills.
• The White House issues a new Executive Order on AI and cybersecurity.
• A trade association is formed for data center and AI policies.

Bybit offers $30,000 USDT prize pool for AI Subaccount users

Bybit, a cryptocurrency exchange, is offering a $30,000 USDT prize pool to encourage safe AI agent integration. From June 16 to July 15, users can unlock the prize pool by creating their first AI Subaccount or executing their first AI agent trade with at least $500 USDT. The prize pool is part of Bybit's initiative to promote responsible use of AI Subaccounts. Bybit developed AI capabilities in 2026 and launched AI Subaccounts in May 2026. The feature allows users to plug in an autonomous agent of their choice while limiting agentic access and permissions with built-in security parameters.

Bybit rewards AI Subaccount users with $30,000 USDT prize pool

Bybit, the world's second-largest cryptocurrency exchange, is launching a $30,000 USDT prize pool to encourage safe AI agent integration. The initiative pairs user rewards with educational resources to guide traders through responsible use of AI Subaccounts. Users can create their first AI Subaccount or execute their first AI agent trade with at least $500 USDT to unlock the prize pool. The prize pool is on a first-come, first-serve basis, with guaranteed prizes for each entry up to $100 USDT.

Bybit launches $30,000 USDT prize pool for AI Subaccount users

Bybit, a cryptocurrency exchange, has unveiled a $30,000 USDT prize pool to encourage safe AI agent integration. The initiative runs from June 16 to July 15, and users can unlock the prize pool by creating their first AI Subaccount or executing their first AI agent trade with at least $500 USDT. The prize pool is part of Bybit's effort to promote responsible use of AI Subaccounts.

Bybit offers $30,000 USDT prize pool for AI Subaccount users

Bybit, a cryptocurrency exchange, is offering a $30,000 USDT prize pool to encourage safe AI agent integration. The initiative runs from June 16 to July 15, and users can unlock the prize pool by creating their first AI Subaccount or executing their first AI agent trade with at least $500 USDT.

Bernie Sanders proposes public ownership of AI companies

Senator Bernie Sanders is proposing a plan to give the public direct ownership of AI companies. The plan involves creating a sovereign wealth fund overseen by an independent commission and financed through a one-time 50% tax on the stock of the largest AI companies. The fund would generate hundreds of billions of dollars annually in direct payments to Americans and programs such as healthcare, education, and housing.

Bernie Sanders proposes public stake in AI companies

Senator Bernie Sanders is proposing a plan to give the public a stake in AI companies. The plan involves creating a sovereign wealth fund financed through a one-time 50% tax on the stock of the largest AI companies. The fund would provide direct payments to Americans and support public goods such as education, housing, and healthcare.

Cursor co-founders become billionaires after SpaceX acquisition

Four MIT classmates who co-founded Cursor, an AI coding tool, have become billionaires after SpaceX acquired their company, Anysphere, for a deal structured entirely in equity. The co-founders, Michael Truell, Sualeh Asif, Aman Sanger, and Arvid Lunnemark, each hold roughly a 9% stake in the company, valued at $5.5 billion apiece.

OpenAI's losses grow faster than revenue

OpenAI, an AI company, has seen its losses grow faster than its revenue. In 2025, OpenAI lost around $38.5 billion, a significant increase from its $5.09 billion in losses in 2024. Despite generating $3.7 billion in revenue in 2024, which jumped to $13.07 billion in 2025, OpenAI's losses are growing at a rapid rate.

Databricks acquires Panther to enhance security lakehouse category

Databricks has agreed to acquire Panther, a company that provides agentic SOC workflows and security data lakes. The acquisition aims to enhance Databricks' security lakehouse category and provide customers with a comprehensive platform to defend against AI-driven attacks.

Consumer Reports: AI boom leads to higher electric bills

The AI boom is leading to higher electric bills, with data centers driving up electricity demand. Consumer Reports warns that the increasing demand for electricity may contribute to higher utility costs for households. The organization suggests that consumers can take action by visiting their state public utility commission's website to learn more about proposed rate increases and submit feedback.

White House issues new Executive Order on AI and cybersecurity

The White House has issued a new Executive Order titled 'Promoting Advanced Artificial Intelligence Innovation and Security.' The order aims to promote the development and use of AI in ways that are safe, secure, and beneficial to society. It establishes new initiatives and programs to support the development and use of AI, including a new AI Safety and Security Board and an AI Research and Development Fund.

AI-powered contextual tools unlock new video opportunities

The latest edition of 'AI-Powered Video Outcomes' explores how multimodal AI is transforming contextual targeting in video advertising. The guide provides insights on how advertisers can reach highly engaged audiences with greater confidence and how publishers can unlock additional monetization opportunities.

Intel advances responsible business practices and AI-driven growth

Intel has released its 2025-2026 Corporate Responsibility Report, outlining its progress and priorities across its operations and value chain. The report highlights Intel's focus on people, sustainability, and technology, and its efforts to improve energy efficiency and advance responsible AI practices.

Trade association formed for data center and AI policies

The Arkansas Connected Communities Association (ARCC) has been established as a 501(c)(6) trade association to advance data center and artificial intelligence infrastructure policy in Arkansas. The organization aims to promote sound, evidence-based policy that supports the growth of the digital economy while protecting ratepayers and the environment.

Sources

• Bybit Rewards Responsible AI Adoption with 30,000 USDT in Prizes for AI Subaccount Users
• Bybit Rewards Responsible AI Adoption with 30,000 USDT in Prizes for AI Subaccount Users
• Bybit Rewards Responsible AI Adoption with 30,000 USDT in Prizes for AI Subaccount Users
• Bybit Rewards Responsible AI Adoption with 30,000 USDT in Prizes for AI Subaccount Users
• AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies
• AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies
• Four Cursor Co-founders Turn Billionaires In Their Mid-20s After SpaceX Acquisition
• OpenAI Is Growing Fast. Its Losses Are Growing Faster
• Databricks Agrees to Acquire Panther, Further Establishing the Security Lakehouse Category
• Consumer Reports: Did the AI boom raise your electric bill?
• What the New Executive Order on AI and Cybersecurity Means for Your Business
• IAB
• Intel Advances Responsible Business Practices and AI-Driven Growth in 2025–2026 Corporate Responsibility Report
• Trade association formed for data center, AI policies