PANews reported on November 6th that OpenAI CFO Sarah Friar clarified her earlier comments in a LinkedIn post, stating that OpenAI has not sought a "backstop" from the US government for its infrastructure investments. She explained that her use of the term "backstop" caused a misunderstanding; her actual intention was to emphasize that US industrial technological capabilities need to be driven jointly by the government and the private sector. She also stated that the US government fully recognizes the importance of AI as a national strategic asset and has demonstrated foresight in its policies. PANews reported on November 6th that OpenAI CFO Sarah Friar clarified her earlier comments in a LinkedIn post, stating that OpenAI has not sought a "backstop" from the US government for its infrastructure investments. She explained that her use of the term "backstop" caused a misunderstanding; her actual intention was to emphasize that US industrial technological capabilities need to be driven jointly by the government and the private sector. She also stated that the US government fully recognizes the importance of AI as a national strategic asset and has demonstrated foresight in its policies.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more