Kalshi was sued by users for failing to pay $54 million to people who bet that Iranian Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, after he was killed during the U.S. and Israeli airstrikes last month. After Khamenei’s death, Kalshi said it couldn’t pay out any ... Read more ›
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Welcome to AI Infrastructure, a new newsletter focused on how the data center boom is reshaping the energy sector and turning Silicon Valley into a rising industrial power.Ann Davis Vaughan has covered the intersection of energy and technology as both an investment analyst and journalist for two decades, including 14 years at The Wall Street Journal. Based in Houston, she has researched electrification and previously evaluated dozens of companies that... Read more ›
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OpenAI is hiring Albert Lee, a long-time corporate development executive at Google, as head of corporate development, according to people with knowledge of his move. His hire signals OpenAI’s interest in pursuing acquisitions and strategic investments as a key component of future growth, ... Read more ›
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Elon Musk’s xAI wants companies around the world to buy its Grok AI models as it tries to build a moneymaking business. To get there, xAI has created an enterprise AI sales group over the past half-year that has expanded to more than a dozen people. But xAI’s lack of experience in selling to big businesses is holding many potential customers back. While xAI has signed up some big clients—including... Read more ›
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Shares of ServiceNow dropped around 10% on Monday morning, following a weekend report on Bloomberg that the enterprise software firm was in advanced talks to buy cybersecurity startup Armis for $7 billion. A potential deal with Armis would be ServiceNow’s second cybersecurity acquisition this ... Read more ›
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On Friday, I wrote about how companies are scrambling to prevent employees from using confidential company information to bet on prediction markets, sites like Polymarket and Kalshi that offer derivatives to wager on events. Opportunities to bet on AI outcomes, say a model release, have exploded in popularity—bets for the latest OpenAI model reached nearly $10 million last week, for instance.The bets may hold clues into what people who are—in... Read more ›
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For years, Apple was known for having very little turnover in its top ranks. Not anymore. In recent weeks, the company has seen a stream of high-profile executives head for the exits, at a moment when Apple is scrambling to build the AI features consumers increasingly expect from the iPhone. Today, we’re publishing a major update to our Apple org chart, adding more than 200 names to provide a fresher,... Read more ›
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China’s tech giant Huawei Technologies and its manufacturing partner Semiconductor Manufacturing International Corp. have made some progress in chip production, but their products still lag far behind industry leaders, according to a teardown by research firm TechInsights last Thursday. The ... Read more ›
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We’re heading into our last full working week of the year, so the news flow is likely to start quieting down. (Be on the lookout for ServiceNow’s next big acquisition, however). One story that’s likely to chug along through the holidays is the battle between Netflix and the Ellison family’s Paramount Skydance for Warner Bros. Discovery. There’s sure to be fireworks this week, if for no other reason than the... Read more ›
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Oracle struck about $150 billion worth of lease commitments on data centers in the three months ending November, it revealed in securities filing late last week, a sign it is preparing for the cloud deals that customers such as OpenAI have struck with Oracle. The filing showed that as of ... Read more ›
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Exor, the Agnelli family’s holding company, rejected an offer from stablecoin issuer Tether for its 65% stake in Italian soccer team Juventus, saying it had “no intention of selling any of its shares in Juventus.” In a statement, Exor said the Agnelli family was “fully committed to the Club, ... Read more ›
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Every so often, prominent figures in tech begin amplifying the same topic so energetically that it makes you wonder if they’re all on the same group chat (or if the hive mind from “Pluribus,” the Apple TV+ sci-fi show, is a real thing). One such moment occurred this past week, when it became hard to escape the deafening online chatter about data centers in space. That was in large part... Read more ›
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OpenAI ended a policy that required new hires to work for six months before their equity compensation vested, the Wall Street Journal reported, an effort to make the AI firm a more appealing place to work. The Journal said OpenAI had previously shortened the minimum period that new hires have to ... Read more ›
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ServiceNow is in advanced talks to buy cybersecurity firm Armis in a deal worth around $7 billion, Bloomberg reported late Saturday. Such an acquisition would be the second multi billion dollar deal done by ServiceNow, an enterprise software firm, this year. In March ServiceNow announced the ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Cheap goods, sales gimmicks fuel WhatNot’s $11.5 billion live-shopping empire• Shopping and Style: A tech mogul’s guide to black tie • Plus, our weekly pop culture Recommendations: “Wisecrack,” “Threads of Empire” and “Jay Kelly”The FDA said at a panel this week that it is open to making changes on the black-box warnings for testosterone products. That’s good news for men with low... Read more ›
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Lately, the rich and restless of Silicon Valley have been appearing more often at the sort of formal events that call for black tie. It has not been going well. At the Breakthrough Prize ceremony in April, for instance, Sam Altman wore a shrunken dinner jacket with low-rise trousers, which exposed a bit of shirt beneath his coat’s buttoning point, spoiling the line that should define this type of elegant... Read more ›
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SpaceX chief financial officer Bret Johnsen confirmed to the company’s staff that it was preparing for an IPO next year, the Wall Street Journal reported. His statement follows The Information’s report on Dec. 5 that SpaceX, part of Elon Musk’s empire, was planning an IPO in the second half ... Read more ›
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A spike of investor interest in the data center sector has prompted one major data center developer, Rowan Digital Infrastructure, to consider whether this is a good time to raise fresh capital or possibly even sell, say people familiar with the company’s thinking. If it were to raise money or sell, it would likely be valued at more than $10 billion, including its debt, the people said. Potential buyers include... Read more ›
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Stablecoin issuer Tether said Friday it has submitted an all-cash offer to buy Italian soccer juggernaut Juventus from the Agnelli family, a novel bid by a cryptocurrency company to acquire a blue-chip global soccer club from one of Europe’s most storied dynasties. Tether is the largest ... Read more ›
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OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources, is raising $250 million in equity financing that will value the three-year-old startup at $12 billion after the investment, doubling its last private valuation from a financing announced just two months ago, according to a person involved in the deal. If the deal closes, the Cambridge, Mass.-based company will become one... Read more ›
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Fermi, a young data center developer cofounded by former Texas Governor Rick Perry, said a tenant for its artificial intelligence server campus in West Texas had ended an agreement to lease the site, according to a regulatory filing. The firm’s shares fell more than 40% on the disclosure, ... Read more ›
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15.03.2026 07:00
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