Top stories today:

1. Meta said to be delaying rollout of Llama 4 “Behemoth” AI model
2. Coinbase faces up to $400M loss after cyberattack hits
3. Montana passes law for experimental longevity treatments
4. Qatar Investment Authority plans $500B in U.S. over 10 years
5. Cohere said to miss $450M revenue goal by 85%

0. Data and calendar

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.

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.

4. Montana passes “groundbreaking” law to allow experimental longevity treatments