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Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before they go public. With potential mega-IPOs looming this year, prediction markets like Polymarket and Kalshi are turning that hype into tradable bets. Users are flocking to yes-or-no bets on milestones like valuations and IPO timelines, betting with contracts that trade in cents and pay out $1 if the buyer is right. That’s helping prediction markets tap into excitement around the IPOs and reduce their reliance on.
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Gearheads love a good car mod, but they're often more trouble than they're worth when it comes to causing vehicle problems or running into legal issues. Read more ›
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More than 200 of the world's elites registered for a retreat whose agenda runs from panels on cult-building and sex to prepping for World War III. An associated app offers matchmaking. Read more ›
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A handful of tokens continued their run while bitcoin and the rest of the crypto market stalled after the early week bounce. Read more ›
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Apple today released a new firmware update for the Beats Studio Buds. The firmware, 1B211, addresses a Bluetooth vulnerability. Apple's security support document for the update says it fixes a bug that could allow an attacker in Bluetooth range to listen through the microphone of the device. The vulnerability would only be affected if someone was in Bluetooth range and the Studio Buds were not yet paired and seeking pair... Read more ›
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Lowe's may not have a reputation for being an automotive accessory outlet, but the store has really beefed up its offerings, with plenty of much-loved products. Read more ›
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HP's latest threat report reveals hackers are abusing legitimate remote access tools and fake downloads to silently compromise corporate devices. Read more ›
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Meta recently faced layoffs and AI shifts. CTO Andrew Bosworth acknowledged low morale, though he said it was worse during Cambridge Analytica. Read more ›
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Riyadh Air CEO Tony Douglas has previously said he wants the carrier to have a presence on the Eastern Seaboard of the U.S. Read more ›
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Analysts say tight seat supply and strong demand give airlines little incentive to cut fares, even if the US-Iran war ends and oil prices fall. Read more ›
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Father’s Day is nearly here. Hopefully, you already got a gift for dads you care about, but if not, here’s a quick, easy recommendation for anyone who enjoys a good comic strip. The Complete Calvin and Hobbes contains every one of Bill Watterson’s beloved strips made during the comic’s ten-year run from 1985 through 1995, […] Read more ›
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An anonymous reader quotes a report from Ars Technica: The driving technology company Mobileye plans to launch a robotaxi service in an as-yet-unnamed US city in 2027, it said earlier today. The service will be vertically integrated, using Mobileye's Moovit mobility platform to interact with customers booking rides, coordinate drivers, and so on. The Israeli company, which was bought by Intel in 2017 before going public again in 2022, says... Read more ›
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Deal will expand Showpass’ presence to more than 70 percent of Canada's top-ranked universities. Read more ›
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Qualcomm's new Snapdragon Reality Elite platform brings faster AI processing, sharper visuals, longer battery life, and improved tracking to the next generation of XR headsets and smart glasses. Read more ›
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Rivian is cutting hundreds of jobs as the electric vehicle maker enters one of the most important chapters in its history. The layoffs, announced Tuesday, affect less than 2% of Rivian’s workforce and come just days after the company began ... Read more ›
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Microsoft was recently in talks with Oracle for cloud infrastructure, but sources say the deal fell through over security and compliance concerns. Read more ›
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The Information
It may not seem like it now, as we barrel toward SpaceX’s public debut this week, but not every initial public offering will involve a $1.75 trillion rocket-ship company. Soon enough, public investors may get to judge a much more down-to-earth business: school bus fleets. Sequoia Capital-backed Zum, known for using its electric school buses to shuttle kids to class in school districts including Los Angeles and San Francisco, has... Read more ›
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Prediction markets platform Kalshi is asking customers in some wagers to provide the name of their employer, industry and job function before making bets, to help the company crack down on potential insider trading. “For markets with heightened insider or manipulation risk, we now collect ... Read more ›
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Can OpenAI do anything simply? Many companies, when publicly acknowledging the possibility of an IPO, emphasize that the final decision will depend in part on “market conditions.” That’s what OpenAI’s rival Anthropic did last week. But the ChatGPT firm chose to be more cryptic. Revealing its confidential IPO filing on Monday, OpenAI said it might hold off on its debut for a while “because there are things we want to... Read more ›
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OpenAI is in advanced negotiations to lease a proposed 10 gigawatt data center campus on federal land in Ohio as part of a deal that could include financial backing from Nvidia, according to two people with direct knowledge of the discussions. The campus under discussion would be among the biggest of its kind, with a total cost of at least $500 billion if fully built out based on today’s prices... Read more ›
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When Nasdaq CEO Adena Friedman took the stage at the Economic Club of Washington, D.C, in March, she wasn’t shy about how the company wields its stock indexes to woo business. In an interview with Carlyle Group Chair David Rubenstein, Friedman highlighted Nasdaq’s key distinction from rival exchanges: It also manages the influential Nasdaq-100 index, the benchmark whose rules dictate how roughly $800 billion worth of funds invest. That means... Read more ›
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App developers finally got their first real look at Anthropic’s Mythos Tuesday when Anthropic released a somewhat neutered version of the model, Claude Fable 5, following weeks of breathless chatter about it.Developers who tried the new model said the AI largely deserved the hype. They said it thoroughly outperformed earlier Anthropic models in coding, general knowledge work and spatial reasoning, although questions touching on cybersecurity are routed to the weaker... Read more ›
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A German court ruled that Google was responsible for the accuracy of content in AI Overviews, the AI-generated answers that appear in Google search’s AI Overviews, in a potentially far-reaching ruling. The ruling, reported by the German publication The Decoder which linked to the judgement, ... Read more ›
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OpenAI CEO Sam Altman told staff in a Slack message on Monday that he expects OpenAI to go public “within the next year” and that “many things could cause it to be sooner or later in that range, but filing now gives us optionality if we want to go sooner.” Another OpenAI leader also teased an ... Read more ›
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Good morning! When Elon Musk tweeted details about SpaceX’s agreement with Anthropic late last month, saying the business deal was less durable than advertised, many investors and commentators seized on the fact that the details weren’t in the company’s initial public offering prospectus filed with regulators.They were right to point that out, of course. Details of that nature—for instance, that SpaceX was guaranteed 180 days of revenue—should have been in... Read more ›
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Advertisers can now create ads for specific products on ChatGPT by sharing feeds of product information with OpenAI, according to communications sent to advertisers reviewed by The Information. For now, information from the product feeds will only be used to create ads and will not inform or ... Read more ›
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16.06.2026 16:41
Last update: 16:35 EDT.
News rating updated: 23:33.
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