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... Read more ›
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If you wander into the Manhattan office of AI startup Basis on a workday, you’ll see most of its 100 or so staffers whispering quietly into gooseneck microphones at their desks. They aren’t taking phone calls or talking with other humans at all. They’re speaking softly to their AI agents and chatbots. Such whispering has become a common sight at firms working at the bleeding edge of the field. Speed... Read more ›
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In Russia, making bets on Polymarket isn’t permitted by the popular online prediction market’s rules. But that hasn’t stopped Ruslan Kashaev, a software developer who lives in the small Russian city of Ufa, a 15-hour drive from Moscow, from turning the site into a lucrative source of income. Using automated trading bots hosted on the Telegram encrypted messaging service, Kashaev has convinced thousands of Russian-speaking traders to bet on Polymarket.... Read more ›
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Chinese social media giant Kuaishou Technology said on Wednesday that its Kling AI video business reached an annualized revenue of about $500 million in March. Kling, which develops and sells AI video generation models, generated more than 650 million yuan ($96 million) in revenue in the first ... Read more ›
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ByteDance is considering more than doubling its capital expenditures this year to as much as $70 billion, as the Chinese tech giant ramps up its investment in data centers and other AI infrastructure, Bloomberg reported. ByteDance’s capex plans reflect the surging costs of compute in the AI ... Read more ›
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Qualcomm has reached a deal with ByteDance to supply chips for AI data centers to the Chinese tech giant, Bloomberg reported. The deal comes as Qualcomm, one of the world’s largest suppliers of smartphone processors, is trying to increase its presence in chips for AI computing. As part of the ... Read more ›
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Micron Technology crossed $1 trillion in market value for the first time Tuesday, as shares climbed 19% on rising demand for memory chips used in AI systems. It was Micron’s largest single-day gain since 2011. The rally came after UBS sharply raised its price target for Micron to $1,625 from ... Read more ›
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Baseten, a startup that rents out Nvidia AI servers to application developers and helps them customize models, has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money, The Information reported Tuesday. That would more than double the company’ ... Read more ›
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On New Year’s Day, OpenAI leaders would have been happy to hear that the company’s monthly revenue would rise more than 50% over the first five months of 2026, roughly in line with the projections it previously shared with investors. But they’re not likely to feel that way now: That pace looks downright tame compared to that of Anthropic, whose revenue grew five times in the same period, leapfrogging OpenAI’s.Anthropic... Read more ›
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Less than a year ago, our reporters kept hearing doubts about a group of startups called inference providers. Companies like Fireworks, Baseten and Together AI, which rent out Nvidia servers to app developers and help them customize open-source models, had grown quickly but seemed at risk of getting steamrolled by major cloud providers that could build these capabilities in-house. Those traditional cloud providers also have the advantage of owning the... Read more ›
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AI startup Baseten has recently been in talks with investors to raise $1 billion at an $11 billion valuation including the money, according to a person with knowledge of the fundraise. That would more than double the company’s $5 billion valuation from its last round, which was announced just three months ago. The fundraising comes on the back of strong revenue growth for the startup, which rents out Nvidia AI... Read more ›
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ServiceNow Chief Marketing Officer Colin Fleming said Tuesday that he is leaving the IT services software giant for OpenAI, where he will assume the role of CMO for its business segment. The executive worked for ServiceNow for two years and was previously a marketing executive at Salesforce for ... Read more ›
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Dropbox founder and CEO Drew Houston said Tuesday that he plans to step down as CEO, ending one of the longest running tenures at the helm of a tech company. Houston said Ashraf Alkarmi would become co-CEO with him during a transition period, after which Houston would become executive chairman ... Read more ›
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Many corporate leaders say they’re getting value from AI as their spending on it skyrockets, but hype is outpacing reality in plenty of cases.On a podcast over the weekend, for instance, Uber Chief Operating Officer Andrew Macdonald said the ride-hailing company isn’t seeing a clear increase in productivity from using AI coding services despite their use by its engineering teams. That has prompted executives to discuss how to get a... Read more ›
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Nathan Allman, 32, the founder and CEO of Ondo Finance, the biggest tokenized stock provider, has died unexpectedly, the company said. “It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo’s founder,” the company said on X late Monday, without disclosing the ... Read more ›
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American Airlines plans to start adding SpaceX’s Starlink satellite internet service to around half of its main aircraft fleet beginning early next year, the airline said on Tuesday. The deal will offer in-flight wifi on approximately 500 narrowbody Airbus planes, but does not include the ... Read more ›
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The battle between OpenAI, Anthropic and Google spans revenue, models, server access and research talent. But as OpenAI and Anthropic barrel toward initial public offerings, public perception is also an important factor in the race as political backlash to the industry grows.OpenAI seems particularly vulnerable in PR after a series of awkward or embarrassing moments for its executives in the limelight. The challenge of managing such execs might help explain... Read more ›
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When OpenAI first launched ChatGPT ads earlier this year, it lined up well-known brands with big advertising budgets, like Adobe, Ford and Target. Now it’s expanding its advertising business with offerings that cater more to marketers at far smaller companies, putting it directly into competition with ad giant Meta Platforms. OpenAI executives have told some outside ad technology firms that one priority is courting small local businesses, such as car... Read more ›
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Catholic Pope Leo XIV on Monday weighed in on hot-button AI policy debates, publishing a treatise describing the church’s concerns about AI development and its current and potential societal harms. His post, Magnifica Humanitas (“Magnificent Humanity”), which runs more than 42,000 words, offers ... Read more ›
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As we return from the long weekend, we’re preparing for a resumption this week of one of tech’s big debates: whether AI is killing enterprise software. Salesforce, Snowflake and Asana are each reporting earnings for the first fiscal quarter in the next few days, providing us with an update on how they’re doing in selling their own AI tools—and whether AI startups are taking any business from them.Here’s a prediction:... Read more ›
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27.07.2026 23:47
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