AI Robot Creates Its Own Company and Gets Ready to Trade Crypto

Imagine a computer program that can start its own company without any human help. That's exactly what just happened for the first time in history.

A company called ClawBank created an AI program named Manfred. This AI did something remarkable - it filled out all the paperwork to create a legal business in the United States. It got an official business number from the IRS (the US tax agency), opened a real bank account, and set up a crypto wallet (a digital account for holding cryptocurrencies like Bitcoin).

What makes this special: • Manfred is the first AI to legally form its own company • It has its own bank account protected by the US government • It can already handle over 30 different cryptocurrencies • It even runs its own Twitter/X account

The AI isn't trading crypto yet, but it will start by the end of May. When it does, Manfred will be able to:

• Buy and sell cryptocurrencies (digital money like Bitcoin)
• Move money between its bank account and crypto wallet
• Convert between different types of digital currencies
• Potentially hire employees and conduct business

This breakthrough shows how AI agents (computer programs that can act independently) might soon become regular participants in our economy. Some experts predict that these AI programs could eventually handle most online transactions and crypto trading without human involvement.

While this might sound like science fiction, Manfred is already real and operating. It's named after a character from a 2005 sci-fi novel, showing how yesterday's fiction is becoming today's reality.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/tech/2026/05/01/ai-agent-forms-its-own-company-gets-ready-to-trade-crypto