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Four years after its was exiled from the U.S., Polymarket was desperate to get back into the country. To make that happen, the prediction market bought a derivative and futures exchange that had just gotten a U.S. license and hired its chief executive, Justin Hertzberg, to run Polymarket U.S.
Hertzberg appears to be CEO in name only. His main job for Polymarket appears to be signing U.S. regulatory documents. The company’s U.S. business has struggled, falling behind that of its archrival, Kalshi.
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In recent months, a lot of discussion has centered around the rising costs of AI, with even large, sophisticated public companies like Uber blowing through their 2026 AI budgets in a matter of months.Even venture capitalists are feeling the pain. One partner at a large fund told me that they previously gave five of their staffers enterprise Claude accounts to help them with their work. In recent weeks, those usage-based... Read more ›
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Google is building an AI agent codenamed Remy inside its Gemini app, as the company looks to compete in a fast-moving market already claimed by OpenClaw, Meta, and Anthropic. Read more ›
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Last month, Amazon introduced a few new discounts on the M5 MacBook Air and these deals have expanded this week, with every model of the new computer on sale at record low prices. You can get the 512GB 13-inch M5 MacBook Air for $949.00, down from $1,099.00, available in all colors. Note: MacRumors is an affiliate partner with Amazon. When you click a link and make a purchase, we may... Read more ›
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Blackstone is folding its growth equity business into a new unit called BXN1 that will focus on AI-related investment, according to an internal memo reviewed by The Information. Jas Khaira, Blackstone’s head of Americas for tactical opportunities, will relocate from New York to San Francisco to ... Read more ›
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Bankers and investors, especially when they are sitting in front of an audience, are not shy about offering their opinions. Yet when I asked a panel of money types at our Financing the AI Revolution conference on Monday about risks in the current market, I got near silence.We had been discussing the billions of investment dollars pouring into AI. The question was: “Anytime there’s a boom, there are risks built... Read more ›
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SpaceX’s Starlink satellite internet service quadrupled its individual subscribers between 2023 and 2025—but the average revenue each subscriber brought in fell 18% to $81 a month in that period, a draft version of SpaceX’s initial public offering prospectus shows. The decline in Starlink’s ARPU reflects the service’s introduction of cheaper plans and expansion outside North America, where average prices tend to be lower. SpaceX says in the prospectus that it... Read more ›
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Meta is launching stablecoin payouts for creators, using Stripe as its payment provider, according to its webpage. Meta is offering Circle’s stablecoin on the Solana and Polygon blockchain to pay out creators, starting with those in Colombia and Philippines, the webpage shows. Once creators ... Read more ›
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OpenAI is banking on subscribers to a cheaper, ad-supported ChatGPT subscription will drive revenue from advertising over the next several years, The Information reported late Tuesday. Earlier this year, OpenAI forecast that consumer subscribers to ChatGPT Go, which costs $8 a month in the U.S. ... Read more ›
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The CEO of T-Mobile, which is the only mobile network in the U.S. to offer SpaceX’s Starlink Mobile for backup service in areas not served by cell towers, says the service is seeing “a lot less usage” than it originally expected. Gopalan made the remark on T-Mobile’s earnings call with analysts ... Read more ›
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PayPal is reorganizing its corporate structure to make Venmo a standalone business unit, CNBC reported Wednesday, making it easier to potentially sell off. Venmo is considered to be the most valuable part of PayPal’s business because of its consumer base of around 100 million and its growth ... Read more ›
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The European Commission said Meta Platforms failed to prevent children under 13 from accessing its Instagram and Facebook services as it is required to do, potentially breaching the region’s law. In preliminary findings from its nearly two-year investigation, the EU said on Wednesday that both ... Read more ›
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Alphabet reported a 22% jump in revenue and strong profit growth in the first quarter, beating analyst expectations as AI drove sales increases across its cloud and search businesses. Google Cloud revenue increased 63% to $20 billion, well outpacing the 48% growth in the quarter before. Google ... Read more ›
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Meta Platforms raised its 2026 capital spending forecast again, underscoring rising infrastructure costs as it continues to scale its artificial intelligence and data center investments. The parent company of Facebook, Instagram and WhatsApp announced the increase Wednesday as it reported ... Read more ›
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06.05.2026 10:22
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