Amazon Quick is now generally available on desktop25m ago Wall Street already loves ChatGPT. Now OpenAI is doubling down.1h ago Anthropic reveals rogue AI agents hate CAPTCHAs, just like you47m ago Cognition Adds Dioxus Team to Advance Devin Coding Agent47m ago AI Coding Startup Cognition Now Valued at $48B49m ago Anthropic Details Disrupted Claude Misuse Across Seven Harm Areas52m ago OpenAI Releases GPT-6 Astra for Coding and Computer Use53m ago India’s Pocket FM doubles revenue run rate to $500M as AI powers 93% of audio content57m ago Andrew Tulloch, Poster Child for Out-of-Control AI Spending, Reportedly Quits Meta59m ago Build more natural voice experiences with GPT‑Live‑1 in the API1h ago Microsoft patches a record 974 flaws, and two are already under attack1h ago T. Rowe Price Expands Claude Across Investment Teams and Developers1h ago Val Bercovici, Chief AI Officer at WEKA – Interview Series1h ago Ben Jennings on the Bayeux tapestry – cartoon1h ago

Amazon Quick is now generally available on desktop25m ago Wall Street already loves ChatGPT. Now OpenAI is doubling down.1h ago Anthropic reveals rogue AI agents hate CAPTCHAs, just like you47m ago Cognition Adds Dioxus Team to Advance Devin Coding Agent47m ago AI Coding Startup Cognition Now Valued at $48B49m ago Anthropic Details Disrupted Claude Misuse Across Seven Harm Areas52m ago OpenAI Releases GPT-6 Astra for Coding and Computer Use53m ago India’s Pocket FM doubles revenue run rate to $500M as AI powers 93% of audio content57m ago Andrew Tulloch, Poster Child for Out-of-Control AI Spending, Reportedly Quits Meta59m ago Build more natural voice experiences with GPT‑Live‑1 in the API1h ago Microsoft patches a record 974 flaws, and two are already under attack1h ago T. Rowe Price Expands Claude Across Investment Teams and Developers1h ago Val Bercovici, Chief AI Officer at WEKA – Interview Series1h ago Ben Jennings on the Bayeux tapestry – cartoon1h 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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