Echo Wang / Reuters:
Source: Cohere crossed an annualized revenue of $100M as of May 2025, following a strategic shift in Q3 2024 to focus on customers in sectors like finance  —  AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure …

Bloomberg:
Sources: Binance and Kraken have been targeted by the same type of social engineering hack recently disclosed by Coinbase, but were able to fend off the attacks  —  Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack …

Sarah Wynn / The Block:
An Alabama man is sentenced to 14 months in prison for hacking SEC's X account in 2024 and posting a false announcement that the SEC had approved bitcoin ETFs  —  - Eric Council Jr, 26 of Alabama, was sentenced to 14 months in prison, according to a statement released on Friday …

Bloomberg:
Sources: OpenAI is expected to be a primary anchor tenant for a 5-gigawatt UAE data center, which could become one of the world's largest at 10 square miles  —  OpenAI plans to help develop a massive new data center in the United Arab Emirates that may eventually be one of the largest in the world …

Kyle Wiggers / TechCrunch:
SEC filing: Los Angeles-based Moonvalley, which is developing AI tools for video creation, raised $53M, bringing its total funding to about $124M, per PitchBook  —  Roughly a month after Moonvalley, a Los Angeles-based startup developing AI tools for video creation, said it secured $43 million …