🤖 ChatGPT gets Codex coding agent | 💶 EU lines up €70 B AI-&-chip war chest | 💸 Coinbase mops up $400 M breach bill

Stocks wrapped the week on a sugar high: the Nasdaq tacked on 7 %, while the S&P 500 clawed back tariff-panic losses. Bond yields crept up as traders dialed down hopes for rapid Fed cuts. Tech mega-caps led the charge—Nvidia’s CEO even did a sidewalk victory lap in Taipei. Meanwhile, gold shed 4 % as “fear” quietly left the chat, and bitcoin bobbed near $103 k after Thursday’s flash swoon. Keep an eye on next week’s retail-sales print and Treasury funding drama; surprises could yank this rally’s welcome mat.

$SPY ( ▼ 1.12% ) 

$DJI ( ▼ 1.79% ) 

$QQQ ( ▼ 1.26% ) 

$DAX ( ▼ 1.69% ) 

$NIFTY50.NSE ( ▲ 0.92% ) 

Codex Mode: ChatGPT now writes, tests, and nags your code

TL;DR: OpenAI jammed its Codex agent into ChatGPT for Pro, Team, and Enterprise users, promising auto-bug-squashing in a sandboxed VM. The new “codex-1” model riffs on the o3 backbone and will later cost extra tokens. Early testers say it feels like pairing with a tireless junior dev—minus snack breaks.

Further read: https://techcrunch.com/2025/05/16/openai-launches-codex-an-ai-coding-agent-in-chatgpt/

EIB lines up €70 B ‘Tech EU’ fund for AI & chips

TL;DR: The European Investment Bank wants €70 billion by 2027 to bankroll semiconductor plants, AI labs, and health-tech scale-ups, aiming to yank Europe’s market share out of single digits. Officials say private capital could quadruple that stack, but details on tax breaks and site picks remain fuzzy.

Further read: https://www.theguardian.com/business/2025/apr/28/eu-microchip-strategy-deeply-disconnected-from-reality-say-official-auditors

$400 M Oopsie: Coinbase promises full reimbursements after data breach

TL;DR: Attackers bribed overseas support staff, exfiltrated IDs and contact info, then demanded $20 million. Coinbase said “nope,” offered the same sum as a bounty, and set aside up to $400 million to make victims whole. Guess the exchange finally learned that “crypto” doesn’t mean “leave the door crypto-open.”

Further read: https://www.reuters.com/business/coinbase-says-cyber-criminals-stole-account-data-some-customers-2025-05-15/

NASA Goddard climate center faces abrupt shutdown

TL;DR: Staff at New York’s storied Goddard Institute for Space Studies have two weeks to pack after the White House axed its lease. Researchers warn that 140 years of temperature records—and the diner from Seinfeld—are suddenly homeless. Congressional science hawks already sharpening pencils.

Further read: https://www.washingtonpost.com/science/2025/04/11/nasa-science-budget-cuts-trump/

Google U-turns, reinstates Nextcloud’s all-files permission on Android

TL;DR: After months of appeals and a very public blog rant, Nextcloud wins back the critical “All files access” flag revoked last fall. Google won’t say whether AI moderation or a human fumble caused the block, but promises a patched Play-Store update “soon.”

Further read: https://www.neowin.net/news/google-reverses-course-after-blocking-nextcloud-files-app/