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Top stories today:
- Meta said to be delaying rollout of Llama 4 “Behemoth” AI model
- Coinbase faces up to $400M loss after cyberattack hits
- Montana passes law for experimental longevity treatments
- Qatar Investment Authority plans $500B in U.S. over 10 years
- Cohere said to miss $450M revenue goal by 85%
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Meta said to be delaying rollout of Llama 4 “Behemoth” AI model
Llama 4 Behemoth was projected to take on the flagship AI models of OpenAI, Anthropic, and Google:
Apr.: the flagship model launch was timed for Meta’s inaugural LlamaCon.
Instead, Llama 4 Scout and Mavericks were launched ahead of the event.
Behemoth’s release, postponed to Jun., is now delayed to fall or later.
A scaled-down version could come in the meantime.
The model’s performance has been a concern among Meta engineers and researchers.
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3. Coinbase faces up to $400M loss after cyberattack hits crypto trailblazer
Hackers sought $20M to erase the user data stolen via insider bribes.
Names, dates of birth, addresses, and government ID numbers were among the compromised data.
No breach of passwords, Coinbase confirmed.
Customer representatives in India were bribed to obtain the data.
$180M-$400M is the expected hit that Coinbase will cover for repaying users.
<1% of Coinbase’s monthly transacting users were affected, Coinbase said.
SEC has been investigating whether Coinbase has misstated its user numbers.
Social engineering attacks are expected to target affected users.
