Chicago is set to open its first teacher-free school, Alpha Chicago, for the 2026-2027 academic year. Located at 350 E. South Water St., the facility charges $55,000 annually for pre-K through eighth-grade students. Instead of traditional lectures, the curriculum relies on personalized AI-driven software. Founded in 2014 by MacKenzie Price in Austin, Texas, this marks the company's first location in Illinois, though it already operates in at least 15 other states and Puerto Rico.
In contrast to this private adoption, New York City and Los Angeles public schools have banned most student use of AI in classrooms for the upcoming 2026-2027 school year. These two largest U.S. school districts are taking a strict regulatory approach to how students interact with artificial intelligence tools during their education, diverging from the strategies seen in private institutions.
Financial technology firms are also adapting to the AI boom. Coinbase is developing a special financial account for AI agents to manage money and execute trades. CEO Brian Armstrong announced the project on September 9, allowing AI to trade in isolated portfolios with strict limits on external withdrawals. The service currently supports spot trading across more than 900 cryptocurrency pairs and access to futures and S&P 500 equities, though a launch date remains unannounced.
Meanwhile, Amazon is partnering with OpenAI to let select U.S. brands run ads inside ChatGPT. This pilot program aims to boost OpenAI's advertising business, which recently reached a $1 billion annualized revenue run rate. Ad campaigns are managed by Amazon, while OpenAI controls delivery, with ads appearing as text or images beneath chat responses.
OpenAI has also shifted its stance on regulation, now urging Congress to create mandatory national safety rules based on AI system capabilities rather than just use cases. In the biotech sector, BB Biotech is building an internal AI system called Bibi to analyze investments using thirty years of company data, while researchers introduced Fortunate Recall to help AI models manage memory and reduce false information.
Vertiv Holdings Co is planning to acquire Utility Innovation Holdings for up to $2.6 billion to expand its AI-focused data center power solutions. Analysts note the stock has gained about 10.2 times over the last five years, trading at a P/E ratio of 58.4x, which is higher than the electrical industry average. Separately, FINTRX launched an AI agent named Fin that automatically monitors the private wealth industry, covering data on more than 850,000 financial firms and sending alerts directly to user communication platforms.
Key Takeaways
- Alpha Chicago opened its first teacher-free school in Chicago for the 2026-2027 academic year with $55,000 annual tuition.
- New York City and Los Angeles public schools banned most student AI use in classrooms for the 2026-2027 school year.
- Coinbase is building a financial account for AI agents to manage trades in isolated portfolios.
- Amazon partners with OpenAI to allow select brands to run ads inside ChatGPT.
- OpenAI's advertising business recently reached a $1 billion annualized revenue run rate.
- OpenAI now urges Congress to create mandatory national AI safety regulations.
- BB Biotech developed an internal AI system called Bibi to improve investment decision analysis.
- Fortunate Recall is a new system that helps AI models manage memory and reduce false information.
- FINTRX launched an AI agent named Fin that monitors over 850,000 financial firms.
- Vertiv plans to acquire Utility Innovation Holdings for up to $2.6 billion to grow AI data center solutions.
Chicago opens first AI school with no teachers
Alpha Chicago opened its first teacher-free school in Chicago for the 2026-2027 academic year. The school, located at 350 E. South Water St., charges $55,000 in annual tuition for students from pre-K through eighth grade. Founded in 2014 by MacKenzie Price in Austin, Texas, this is the first location of the chain in Illinois. Instead of traditional lectures, students learn using personalized AI-driven software. The company currently operates in at least 15 other states and Puerto Rico.
NYC and LA ban AI use in classrooms this year
New York City and Los Angeles public schools have banned most student use of AI in classrooms for the 2026-2027 school year. This decision affects the two largest school districts in the United States. The ban aims to regulate how students interact with artificial intelligence tools during their education. These districts are taking a strict approach compared to private schools that are adopting AI for learning.
Coinbase builds financial account for AI agents
Coinbase is developing a special financial account designed for AI agents to manage money and make trades. CEO Brian Armstrong announced the project on September 9 after a question from David Heinemeier Hansson about an agentic bank. The system allows AI to trade in isolated portfolios with strict limits on external withdrawals and user permissions. Currently, the service supports spot trading across more than 900 cryptocurrency pairs and access to futures and S&P 500 equities. Coinbase has not yet revealed a launch date, product name, fee structure, or the full regulatory framework for this new account.
Coinbase expands AI access to stocks and crypto
Coinbase is expanding its AI tools to allow agents to access stocks and cryptocurrency through isolated portfolios. CEO Brian Armstrong confirmed the project on September 9 while responding to David Heinemeier Hansson. Users can limit an agent's exposure by funding a separate portfolio with controlled permissions. The service currently supports spot trading across more than 900 cryptocurrency pairs and includes futures and S&P 500 equities for eligible US customers. Coinbase warns that AI agents may make mistakes and users remain responsible for all authorized actions.
Vertiv stock may be slightly overvalued now
Vertiv Holdings Co stock has gained about 10.2 times over the last five years, making it look expensive compared to its starting price. Analysts using a Discounted Cash Flow model estimate the stock is about 1% overvalued with an intrinsic value of roughly $260 per share. The company trades at a P/E ratio of 58.4x, which is higher than the electrical industry average of 33.6x. Vertiv plans to acquire Utility Innovation Holdings for up to $2.6 billion to grow its AI-focused data center power solutions. This large cash outlay explains why investors are pricing the stock close to the estimated cash flow value.
Amazon lets select brands run ads in ChatGPT
Amazon is partnering with OpenAI to allow specific U.S. brands to place advertisements inside ChatGPT. This pilot program aims to boost OpenAI's advertising business, which recently reached a $1 billion annualized revenue run rate. Ad campaigns are managed by Amazon, while OpenAI controls how the ads are delivered. The ads will appear as text or images beneath chat responses to help brands reach customers.
OpenAI urges Congress to create national AI safety rules
OpenAI has changed its position and now wants to work with members of Congress to create mandatory national safety regulations for artificial intelligence. The company believes these rules should be based on the capabilities of the AI systems rather than just their use cases. While some bills have been introduced in Congress, none have gained enough support to pass yet. In the meantime, OpenAI is supporting similar legislation at the state level.
BB Biotech builds AI system to improve investment decisions
BB Biotech is developing a new internal AI system called Bibi to change how its investment team works. This operating system combines thirty years of company data with current AI technology to analyze biotechnology investments. The tool connects news, research, and trial data to help analysts ask better questions and track evidence. However, the final investment decisions and capital allocation remain the responsibility of the human team.
Fortunate Recall improves memory management for AI models
Researchers introduced Fortunate Recall, a new system that manages how artificial intelligence models store and forget personal information. Unlike older systems that keep all facts forever, this tool uses a behavioral ontology to decide which memories stay and which fade over time. The system reached a 76.9% pass rate on the LifecycleBench test, outperforming other tools like Mem0 and MemoryOS. This approach reduces errors where the AI makes up false information while still answering questions correctly.
FINTRX launches Fin AI agent for private wealth data
FINTRX launched a new AI agent named Fin that automatically monitors the private wealth industry and sends alerts to users. This tool pushes information about prospects and meetings directly into email, Slack, Microsoft Teams, and calendars without needing a prompt. The system covers data on more than 850,000 financial firms, including 45,000 registered investment advisors and over 790,000 registered representatives.
Sources
- First AI-driven, teacher-free school in Chicago opens with $55,000 annual tuition
- Two Largest School Districts In the US Banned AI In Classrooms for Coming School Year
- Coinbase Builds AI Financial Account as Agent Trading Scales
- Coinbase expands AI access to stocks and crypto
- Vertiv (VRT) Stock May Be 1% Overvalued As AI Power Deal Looms
- Amazon gives OpenAI's ad business a boost, letting its advertisers into ChatGPT
- OpenAI changes stance, calls for national artificial intelligence safety rules
- AI Changes The How, Not The What
- Fortunate Recall: Ontology-Driven Memory Lifecycle Management for Persistent Coherence in LLMs
- FINTRX Launches New AI Agent Named "Fin" That Monitors and Integrates Private Wealth Data and Intelligence into Email, Slack, Microsoft Teams, and Calendars
Comments
Please log in to post a comment.