Crypto Market Buzz: OpenAI’s Strategic Moves and Global Outages

In a whirlwind of developments on June 10, 2025, the crypto and AI landscapes have been buzzing with significant news. From strategic partnerships to unexpected outages, here’s a rundown of the day’s most impactful stories.

Worldcoin Soars Amid Google-OpenAI Cloud Deal

The crypto community witnessed a notable surge in Worldcoin’s value, with its price climbing to $1.13, marking a 3% increase over the past 24 hours. This uptick is attributed to the announcement of a major cloud deal between Google and OpenAI. According to a report by Reuters, this partnership is poised to diversify OpenAI’s compute sources, reducing its reliance on Microsoft Cloud. This strategic move not only strengthens OpenAI’s position in the AI industry but also signals a potential shift in cloud computing dynamics.

OpenAI’s Price Cut and Competitive Landscape

In another significant development, OpenAI founder Sam Altman announced an 80% price reduction for the OpenAI o3 model. This decision is expected to make the model more accessible to a broader audience, potentially increasing its adoption and usage. Altman expressed confidence that this price adjustment would be well-received by users.

Meanwhile, the competitive landscape in AI is heating up. Microsoft-backed Mistral has launched its first reasoning model, aiming to rival OpenAI’s offerings. Mistral’s CEO, Arthur Mensch, highlighted the model’s ability to reason in multiple languages, setting it apart in the global AI market.

OpenAI’s ChatGPT Faces Global Outage

The day was not without its challenges for OpenAI. The company’s flagship product, ChatGPT, experienced a significant outage, affecting users worldwide for over five hours. This disruption also impacted the Sora video generator and associated APIs, leading to a surge in users seeking alternatives. OpenAI is currently investigating the cause, citing “elevated error rates” across its services.

Meta’s AI Ambitions and Morgan Stanley’s xAI Bond Offering

In related AI news, Meta Platforms CEO Mark Zuckerberg is reportedly taking a hands-on approach to accelerate the company’s AI development, expressing frustration with internal delays. Meanwhile, Morgan Stanley is marketing a $5 billion bond package for xAI, Elon Musk’s AI startup, indicating strong investor interest in the burgeoning AI sector.

As the crypto and AI worlds continue to evolve, these developments underscore the dynamic nature of the industry, highlighting both the opportunities and challenges that lie ahead.