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OpenAI Acquires Smartphone Camera Technology Company Glass Imaging for Over $300 Million

OpenAI has acquired smartphone camera technology company Glass Imaging for more than $300 million. The company was founded in 2019 and had previously raised approximately $30 million in cumulative funding.Glass Imaging was founded by former Apple engineers Ziv Attar and Tom Bishop, who had previously led Apple's Portrait Mode development team. Glass Imaging primarily uses neural networks to optimize camera systems for different smartphones, directly enhancing image quality during the shooting process to overcome the physical size limitations of phone cameras.As of the time of publication, OpenAI has not responded to requests for comment. Multiple market reports indicate that OpenAI is developing its own hardware products, including smartphones, earphones, and AI companion devices. (TechCrunch)

Perpetual contract platform RWAperp completes $2 million in financing

perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)