Coinbase has launched Coinbase for Agents, a tool that lets AI agents like ChatGPT or Claude execute crypto trades and manage payments on a user's behalf. "For example, customers can prompt their agent to rebalance portfolios, identify trading opportunities, execute strategies and manage positions over time," reports CNBC. "It will eventually expand these capabilities to stocks and predictions." From the report: [U]sing Coinbase's machine-to-machine payments protocol, called x402, agents can pay directly for digital services like paywalled research, data APIs and on-demand compute without a human in the loop -- and execute trades based on those insights. The company sees this stage of agentic payments, which lets customers bypass the need to manage traditional logins or subscriptions, as a precursor to agentic shopping, where agents browse, find the best deals, select and make purchases on users' behalf. [...] The whole idea is to give agents access to money and, through that financial independence, improve their set of capabilities to pretty much anything on the internet," Lincoln Murr, Coinbase's AI product lead, told CNBC. "In the 2010s, every internet company dealt with the transition from desktop and web into a mobile environment. And now in the late 2020s, we're seeing the exact same thing happen where agents are going to be the new primary economic actors on the internet." The x402 protocol was created in May 2025 and has seen more than 100 million transactions since its debut, Murr said. There are about 157,000 agents acting as buyers using the protocol in the past 30 days, according to x402scan.com. "We saw immediate demand and interest in the ability for agents to pay for things autonomously and that was a huge waking up moment for us [on] the ability of agents to become these new primary financial actors across the internet," he said.

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OpenAI is reportedly considering sharp price cuts for paid access to its AI models as competition with Anthropic intensifies and both companies race for users ahead of potential IPOs. "The company is weighing significant cuts to what it charges for tokens, the unit of measurement artificial-intelligence firms use to bill for their products," the Wall Street Journal said, adding that it was "in anticipation of similar cuts the company expects at Anthropic." CNBC reports: The ChatGPT producer, which did not immediately respond to CNBC's requests for comment, currently charges consumers in tiered subscriptions of $8, $20 and $100 and above each month for access to its flagship GPT-5.5 models. Anthropic conversely charges users $17 each month with an annual subscription to Claude Pro, and $100 and above monthly for a subscription to Claude Max. OpenAI confidentially filed for an IPO on Monday, just a week after Anthropic made its own filing.

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Opendoor is shutting down its India operations less than two years after opening offices there. Slashdot reader alternative_right shares a post from Opendoor CEO Kaz Nejatian: "I shared this note earlier today with the entire team at Opendoor. Today we began to say goodbye to our colleagues in India as we wind down our India operations. Our customers are in America, and that's where our operational work belongs." TechCrunch reports: In announcing the decision on Wednesday, CEO Kaz Nejatian cited a push to bring operational work back to the U.S., where Opendoor's customers are, and a shift toward smaller AI-native teams. The company did not respond to requests for comment on how many employees were affected or how much of the decision was driven by AI efficiency. But the announcement quickly gained traction across Silicon Valley, where founders, investors, and outsourcing experts see it as an early example of how AI is reshaping the economics that made India a global hub for back-office operations. [...] Some investors viewed the decision as a sign of what AI could mean for India's vast outsourcing workforce. "As manual work gets replaced by AI, a lot of jobs will be lost in India," wrote Sheel Mohnot, co-founder of Better Tomorrow Ventures. Others viewed Opendoor as evidence of a larger shift in how companies are organized. Keshav Lohia, a venture capitalist at Emergent Ventures, described the decision as a "watershed moment" for AI-driven operations, arguing that advances in AI are beginning to challenge the cost-arbitrage model that made India a popular offshoring destination. Phil Fersht, chief executive of HFS Research, an advisory firm that tracks the global outsourcing and business services industry, told TechCrunch that the development should not be viewed simply as jobs moving from India to the U.S. The more important shift, he said, is that AI is reducing the amount of operational labor companies require in the first place, allowing firms to run leaner organizations regardless of location. "This is not an isolated restructuring," Fersht said. "It is part of a much broader pattern we are starting to see as companies redesign operations around AI, automation, and much leaner workflows." Fersht argued that the winners would be companies that combine AI, software and human expertise to deliver outcomes without continually adding headcount, a model he described as "Services-as-Software." While Opendoor may be one of the first high-profile examples, he said it is unlikely to be the last. Some investors are already extrapolating beyond individual companies. Varun Rekhi, a venture capitalist at Speedinvest, argued that if AI reduces demand for labor-intensive services, it could eventually pressure one of India's most important export industries, which is built around supplying talent and expertise to global corporations.

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