OpenAI secures DoD contract for AI models deployment, while Morgan Stanley applies for digital asset custody charter.
Defense Contract for AI Models
OpenAI has secured a contract with the United States Department of Defense (DoD) to deploy its advanced artificial intelligence models on classified military networks. The agreement was announced by OpenAI CEO Sam Altman, who stated that the DoD demonstrated “deep respect for safety” and a willingness to operate within the company's security protocols. This partnership comes at a time when the AI sector faces significant regulatory scrutiny following the White House’s directive to federal agencies to cease using technology from rival firm Anthropic.
Morgan Stanley's Entry into Digital Asset Custody
Morgan Stanley, a leading Wall Street financial institution, has applied for a de novo national trust bank charter with the Office of the Comptroller of the Currency (OCC). The application, filed on February 18 under the name “Morgan Stanley Digital Trust, National Association,” aims to enable the bank to hold digital assets on behalf of its clients. This move aligns with Morgan Stanley's expanding interest in cryptocurrencies and other digital assets. According to reports from Bloomberg and Forbes, Morgan Stanley plans to facilitate crypto staking alongside custody services.
Barclays' Blockchain Exploration
Barclays, a major UK-based global bank, is reportedly exploring the use of blockchain technology to support payments, deposits, and stablecoin activity. The lender has engaged with various tech providers to develop a platform capable of handling tokenized deposits and 24/7 settlement. This initiative marks a significant step towards integrating blockchain into Barclays' core banking systems rather than limiting its application to experimental pilots. The move is part of the broader trend among traditional financial institutions as they adapt to growing regulatory clarity and rising institutional demand for digital assets.
Government and Industry Shifts in AI Regulation
The recent events underscore the evolving landscape of AI regulation and industry partnerships. Just hours after President Trump directed federal agencies to halt use of Anthropic technology, OpenAI was awarded a contract with the DoD. This rapid shift highlights the complex interplay between public sector oversight and private sector innovation in the AI field. Meanwhile, Morgan Stanley’s application for a bank charter and Barclays' blockchain exploration reflect a broader trend among financial institutions as they seek to navigate regulatory changes and capitalize on emerging technologies.
Conclusion
These developments indicate significant progress in the integration of advanced technologies like AI, blockchain, and digital assets into major financial operations. As these institutions continue to innovate, they will likely shape the future of both traditional finance and digital asset markets.
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