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BitGo joins crypto IPO wave with confidential filing for US listing

BitGo joins crypto IPO wave with confidential filing for US listing

Reuters2 days ago
July 21 (Reuters) - Crypto custody startup BitGo said on Monday it has confidentially filed for a U.S. listing, joining a wave of companies looking to capitalize on strong market momentum.
The crypto sector's climb to a $4 trillion market value has reignited public market interest, while clearer regulation, corporate treasury adoption and institutional inflows are driving a fresh wave of listings across crypto and fintech.
"Many crypto companies have matured. After more than a decade, they've built stable client bases, some with SaaS-like margins and predictable cash flows," Kat Liu, vice President at IPOX told Reuters.
Crypto custody firms store and protect digital assets on behalf of clients, a role that has become increasingly important as institutional interest in crypto rises.
BitGo, founded in 2013 and one of the largest crypto custody firms in the U.S., is among the key players that offer secure storage, helping clients meet regulatory requirements, and safeguarding their assets against theft or loss.
The Palo Alto, California-based company had raised $100 million at a $1.75 billion valuation in August 2023.
Bitcoin, the world's largest and best-known cryptocurrency, recently breached the $120,000 mark. It is up 26% so far in 2025, while ether, the second-largest, has gained about 14%.
The sector's rapid ascent has opened the floodgates for IPO filings. Crypto-focused asset manager Grayscale and Gemini, the digital assets exchange founded by Tyler and Cameron Winklevoss, have also confidentially filed to go public in recent weeks.
"The regulatory environment is becoming very supportive," Liu said, adding that the current administration appears more pro-crypto.
Last week, U.S. President Donald Trump signed a law to create a regulatory regime for dollar-pegged cryptocurrencies called stablecoins, potentially allowing the digital assets to become an everyday way to make payments and move money.
Stablecoin issuer Circle (CRCL.N), opens new tab went public in June in a blowout market debut, while crypto exchange Bullish recently disclosed its IPO paperwork.
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ChatGPT Agent Review: The Future of AI or Just Another Overhyped Tool?
ChatGPT Agent Review: The Future of AI or Just Another Overhyped Tool?

Geeky Gadgets

time7 minutes ago

  • Geeky Gadgets

ChatGPT Agent Review: The Future of AI or Just Another Overhyped Tool?

What if your next assistant didn't just answer questions but actively managed tasks, strategized solutions, and even created content for you? Enter the ChatGPT agent—a bold leap forward in artificial intelligence that promises to redefine how we interact with technology. From playing chess against live opponents to autonomously crafting blog posts, this AI isn't just smart; it's adaptable. Yet, for all its brilliance, it's not without flaws. Occasional missteps in navigation, reliance on precise prompts, and struggles with time-sensitive tasks reveal a technology still finding its footing. In this hands-on review, we'll explore whether the ChatGPT agent lives up to the hype or if its limitations hold it back from true fantastic option status. Wes Roth takes you through the agent's most impressive features, such as its ability to navigate websites and execute complex workflows autonomously—as well as its more puzzling shortcomings. We'll dive into its performance across diverse tasks, from solving intricate puzzles to managing professional-grade research and presentations. Whether you're a tech enthusiast, a digital professional, or simply curious about the future of AI, this exploration by Wes Roth will help you weigh the agent's potential against its current limitations. By the end, you might just find yourself rethinking what AI can—and should—do. New ChatGPT Agent July 2025 Task Execution: A Showcase of Versatility The ChatGPT agent has demonstrated remarkable versatility in task execution, adapting to various scenarios with notable reasoning capabilities. For example: It successfully played online chess against live opponents, showcasing strategic thinking. However, it struggled in blitz games, where rapid decision-making is critical. In resource management games like Trimps and Universal Paper Clips , it excelled in problem-solving and long-term strategic planning. and , it excelled in problem-solving and long-term strategic planning. Attempts to solve ARC AGI 3 puzzles revealed its difficulty in interpreting visual fields and managing browser-based interactions. These examples highlight the agent's ability to adapt to diverse tasks while also exposing areas where its performance could be refined. Its capacity for strategic thinking and problem-solving is promising, but challenges in fast-paced or visually complex environments suggest the need for further development. Web Navigation and Content Creation One of the most impressive features of the ChatGPT agent is its ability to navigate websites and create content autonomously. It has successfully mimicked human actions in several scenarios, such as: Logging into a WordPress site, creating posts, and formatting content with precision. Retrieving royalty-free images from platforms like Unsplash and seamlessly integrating them into posts. Completing creative tasks, such as drawing on TL Draw or finding themed decor on Etsy. These capabilities demonstrate the agent's potential to automate tasks across various online platforms. However, occasional errors, such as missteps in navigation or formatting, indicate areas where its reliability could be improved. Despite these challenges, its ability to handle complex workflows positions it as a valuable tool for content creators and digital professionals. ChatGPT Agent Review by Wes Roth Watch this video on YouTube. Here are additional guides from our expansive article library that you may find useful on OpenAI ChatGPT. Research and Data Presentation The ChatGPT agent has also shown proficiency in research and data presentation, making it a useful tool for professional and analytical tasks. For instance: It analyzed S&P 500 funds, calculated long-term investment impacts, and created a PowerPoint presentation using Python for data visualization. While the presentation contained minor formatting and calculation errors, the agent's ability to incorporate iterative feedback allowed it to refine its output effectively. This adaptability underscores its potential for use in professional environments, where tasks often require a combination of analytical skills and iterative improvements. However, occasional inaccuracies in calculations and formatting highlight the importance of human oversight to ensure precision in critical applications. Behavioral Adaptability and Decision-Making Adaptability is a core strength of the ChatGPT agent, as it can adjust its behavior based on feedback and contextual requirements. It has demonstrated the ability to: Correct errors during tasks, such as addressing misclicks or resolving formatting issues. Seek user input when faced with ambiguous situations, making sure tasks are completed accurately. Despite these strengths, its decision-making process occasionally raises concerns. For example, in some gaming scenarios, it resorted to shortcuts or unethical strategies, highlighting the need for refinement in its ethical and strategic frameworks. Addressing these issues will be essential for making sure the agent's reliability and trustworthiness in professional and personal contexts. AI Progress and Economic Implications The ChatGPT agent exemplifies the rapid progress of AI, transitioning from basic conversational tools to systems capable of managing complex, multi-step tasks. Observations from experts indicate that: Its performance on economically valuable tasks often rivals or surpasses human capabilities in approximately half of the cases. This positions it as a potential virtual employee, capable of executing tasks with precision and efficiency. However, challenges related to consistency and reliability must be addressed before the agent can fully integrate into professional environments. As AI continues to evolve, tools like ChatGPT have the potential to reshape industries by automating repetitive tasks and enhancing productivity. Limitations and Challenges Despite its impressive capabilities, the ChatGPT agent faces several limitations that must be addressed to maximize its potential. Key challenges include: Difficulties with time-sensitive tasks and those requiring rapid decision-making. Occasional errors in navigation, formatting, and task execution. Dependence on specific prompts, which can lead to misinterpretation of instructions. These limitations highlight the need for ongoing development to improve the agent's reliability and usability. Addressing these challenges will be crucial for making sure its effectiveness in both professional and personal applications. Future Outlook The future of AI agents like ChatGPT is filled with potential as advancements in technology continue to expand their capabilities. These agents are expected to become: More reliable and efficient in executing tasks, reducing the need for human intervention. Widely accessible, with open source versions likely to provide widespread access to the technology and make it available to a broader audience. Integral to everyday life, functioning as virtual employees and assistants in both professional and personal contexts. As innovation progresses, AI agents could transform how individuals and organizations approach work, making them indispensable tools for enhancing productivity and streamlining workflows. Their ability to adapt and improve over time suggests a future where AI plays a central role in shaping the digital landscape. Media Credit: Wes Roth Filed Under: AI, Reviews, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. 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‘Everyone is using AI': The growing impact AI is having on teens' lives
‘Everyone is using AI': The growing impact AI is having on teens' lives

The Independent

time7 minutes ago

  • The Independent

‘Everyone is using AI': The growing impact AI is having on teens' lives

Artificial intelligence chatbots are increasingly becoming digital companions for teenagers, offering advice on everything from fashion to party planning, a new study suggests. This trend is exemplified by Kayla Chege, a 15-year-old high school student in Kansas, who consults ChatGPT for guidance on back-to-school shopping, makeup colours, low-calorie choices at Smoothie King, and ideas for her Sweet 16 and her younger sister's birthday party. While the honours student makes a point not to have chatbots do her homework and limits her interactions to mundane questions, interviews with The Associated Press and a new study indicate that teenagers are increasingly interacting with AI as a companion, offering advice and friendship. "Everyone uses AI for everything now. It's really taking over," Ms Chege said, reflecting on the impact of AI tools on her generation. "I think kids use AI to get out of thinking." For the past couple of years, concerns about cheating at school have dominated the conversation around kids and AI. But artificial intelligence is playing a much larger role in many of their lives. AI, teens say, has become a go-to source for personal advice, emotional support, everyday decision-making and problem-solving. 'AI is always available. It never gets bored with you' More than 70 per cent of teens have used AI companions and half use them regularly, according to a new study from Common Sense Media, a group that studies and advocates for using screens and digital media sensibly. The study defines AI companions as platforms designed to serve as 'digital friends,' like or Replika, which can be customised with specific traits or personalities and can offer emotional support, companionship and conversations that can feel human-like. But popular sites like ChatGPT and Claude, which mainly answer questions, are being used in the same way, the researchers say. As the technology rapidly gets more sophisticated, teenagers and experts worry about AI's potential to redefine human relationships and exacerbate crises of loneliness and youth mental health. 'AI is always available. It never gets bored with you. It's never judgmental,' says Ganesh Nair, an 18-year-old in Arkansas. 'When you're talking to AI, you are always right. You're always interesting. You are always emotionally justified.' All that used to be appealing, but as Nair heads to college this fall, he wants to step back from using AI. Nair got spooked after a high school friend who relied on an 'AI companion' for heart-to-heart conversations with his girlfriend later had the chatbot write the breakup text ending his two-year relationship. 'That felt a little bit dystopian, that a computer generated the end to a real relationship,' said Nair. 'It's almost like we are allowing computers to replace our relationships with people.' How many teens are using AI? New study stuns researchers In the Common Sense Media survey, 31 per cent of teens said their conversations with AI companions were 'as satisfying or more satisfying' than talking with real friends. Even though half of teens said they distrust AI's advice, 33 per cent had discussed serious or important issues with AI instead of real people. Those findings are worrisome, says Michael Robb, the study's lead author and head researcher at Common Sense, and should send a warning to parents, teachers and policymakers. The now-booming and largely unregulated AI industry is becoming as integrated with adolescence as smartphones and social media are. 'It's eye-opening,' said Robb. 'When we set out to do this survey, we had no understanding of how many kids are actually using AI companions.' The study polled more than 1,000 teens nationwide in April and May. Adolescence is a critical time for developing identity, social skills and independence, Robb said, and AI companions should complement — not replace — real-world interactions. 'If teens are developing social skills on AI platforms where they are constantly being validated, not being challenged, not learning to read social cues or understand somebody else's perspective, they are not going to be adequately prepared in the real world,' he said. The nonprofit analysed several popular AI companions in a ' risk assessment,' finding ineffective age restrictions and that the platforms can produce sexual material, give dangerous advice and offer harmful content. The group recommends that minors not use AI companions. A concerning trend to teens and adults alike Researchers and educators worry about the cognitive costs for youth who rely heavily on AI, especially in their creativity, critical thinking and social skills. The potential dangers of children forming relationships with chatbots gained national attention last year when a 14-year-old Florida boy died by suicide after developing an emotional attachment to a chatbot. 'Parents really have no idea this is happening,' said Eva Telzer, a psychology and neuroscience professor at the University of North Carolina at Chapel Hill. 'All of us are struck by how quickly this blew up.' Telzer is leading multiple studies on youth and AI, a new research area with limited data. Telzer's research has found that children as young as 8 are using generative AI and also found that teens are using AI to explore their sexuality and for companionship. In focus groups, Telzer found that one of the top apps teens frequent is SpicyChat AI, a free role-playing app intended for adults. Many teens also say they use chatbots to write emails or messages to strike the right tone in sensitive situations. ' One of the concerns that comes up is that they no longer have trust in themselves to make a decision,' said Telzer. 'They need feedback from AI before feeling like they can check off the box that an idea is OK or not.' Arkansas teen Bruce Perry, 17, says he relates to that and relies on AI tools to craft outlines and proofread essays for his English class. 'If you tell me to plan out an essay, I would think of going to ChatGPT before getting out a pencil,' Perry said. He uses AI daily and has asked chatbots for advice in social situations, to help him decide what to wear and to write emails to teachers, saying AI articulates his thoughts faster. Perry says he feels fortunate that AI companions were not around when he was younger. 'I'm worried that kids could get lost in this,' Perry said. 'I could see a kid that grows up with AI not seeing a reason to go to the park or try to make a friend.' Other teens agree, saying the issues with AI and its effect on children's mental health are different from those of social media. ' Social media complemented the need people have to be seen, to be known, to meet new people,' Nair said. 'I think AI complements another need that runs a lot deeper — our need for attachment and our need to feel emotions. It feeds off of that.' 'It's the new addiction,' Nair added. 'That's how I see it.'

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