AI cybersecurity is a cat and mouse gamejust now OpenAI launches ChatGPT for Financial Services with data from S&P, LSEG, Moody’s and PitchBook15m ago California has banned personalised feeds for under-16s, going further than Australia or the DSA29m ago 'I saw Terminator 2': Y Combinator's Garry Tan pushes back on AI extinction fears34m ago Cohere Releases North Small Translate: A 218B MoE Translation Model That Scores 83.6 on WMT26 Across 50 Languages43m ago Sakana AI Launches Fugu Max and Fugu Ultra v2 for Cheaper, Stronger Multi-Agent Orchestration1h ago UK economy defies forecasts with surprise 0.4% growth in July2h ago Google Research Releases ToolGrad: Answer-First Framework Hits 99.8% Pass Rate for Tool-Use Data Generation2h ago China's star AI labs routed user requests to Claude at least 35 million times in the summer: Anthropic2h ago Anthropic and OpenAI employees speak out about humanity’s extinction as debate reaches fever pitch2h ago Force launches chatbot for non-emergency calls2h ago Tesla unveils driverless Cybercab in Japan for 1st time2h ago How Maersk Is Using AI To Survive The New Era Of Tariff Chaos2h ago Russia to require content made by, with AI to be labeled as such — GFCN president3h ago

AI cybersecurity is a cat and mouse gamejust now OpenAI launches ChatGPT for Financial Services with data from S&P, LSEG, Moody’s and PitchBook15m ago California has banned personalised feeds for under-16s, going further than Australia or the DSA29m ago 'I saw Terminator 2': Y Combinator's Garry Tan pushes back on AI extinction fears34m ago Cohere Releases North Small Translate: A 218B MoE Translation Model That Scores 83.6 on WMT26 Across 50 Languages43m ago Sakana AI Launches Fugu Max and Fugu Ultra v2 for Cheaper, Stronger Multi-Agent Orchestration1h ago UK economy defies forecasts with surprise 0.4% growth in July2h ago Google Research Releases ToolGrad: Answer-First Framework Hits 99.8% Pass Rate for Tool-Use Data Generation2h ago China's star AI labs routed user requests to Claude at least 35 million times in the summer: Anthropic2h ago Anthropic and OpenAI employees speak out about humanity’s extinction as debate reaches fever pitch2h ago Force launches chatbot for non-emergency calls2h ago Tesla unveils driverless Cybercab in Japan for 1st time2h ago How Maersk Is Using AI To Survive The New Era Of Tariff Chaos2h ago Russia to require content made by, with AI to be labeled as such — GFCN president3h ago

Finance Dev3 min reading time

A 25-year-old just raised $180M to build a US bank from scratch

The Next WebPublished Jul 22, 2026

Augustus, led by 25-year-old Ferdinand Dabitz, raised $180M to build a US national bank aiming to provide direct US dollar access to foreign banks and fintechs, bypassing correspondent banking. The bank integrates traditional payment rails and stablecoins, using AI for 24/7 settlement, targeting regions with limited dollar access.

#augustus #correspondent-banking #ferdinand-dabitz #stablecoins #tiger-global

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