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Unveiled during Coinbase’s State of Crypto Summit, Armstrong shared key pillars of the company’s 2025 product strategy in a detailed thread on X (formerly Twitter), positioning Coinbase as not just an exchange but the infrastructure layer for the next era of finance.
The funding arrives as Gradient unveils its two foundational protocols—Lattica, a peer-to-peer data delivery layer, and Parallax, a decentralized inference engine capable of scaling large AI models across heterogeneous compute networks.
The accused, identified as Rahul Arora, was apprehended during coordinated raids across three locations in India. In addition to the crypto seizure, authorities recovered approximately $26,400 (₹22 lakh) in unaccounted cash, as well as advanced caller ID spoofing tools, lead generation software, and voice recordings used in social engineering scams.
Over 60% of the world’s AI compute is concentrated in the hands of a few companies, giving rise to concerns about censorship, innovation bottlenecks, and exclusionary access. Gata proposes a solution: an open infrastructure where compute, data, and value flow back to users, not monopolies.
The PWC report arrives as a counterpunch to an increasingly loud narrative driven by AI doomers. This week, tabloids including The Sun amplified claims from Oklahoma State University professor Subhash Kak, who predicted that AI will cause a global population collapse, shrinking the planet’s population from 8 billion to 100 million by the year 2300.
