**Coinbase Launches AI Accelerator Grant Program**

Coinbase has unveiled an exciting new initiative aimed at merging artificial intelligence with cryptocurrency wallets. The crypto exchange is offering $3,000 grants to five projects that creatively combine AI with crypto wallets.

CEO Brad Armstrong highlighted the potential of large language models (LLMs) like OpenAI's ChatGPT to handle finance tasks if properly equipped. Engineering lead Yuga Cohler showcased a demo where AI facilitated payments for human-feedback sessions, reminiscent of Amazon’s Mechanical Turk.

Coinbase's $15,000 accelerator grant program aims to explore these innovative use cases. Developers have until September 5 to apply.