Polymarket was already under pressure to curb insider trading when it launched a program late last year to support startups that sent trades to its prediction market. Those companies quickly began handing suspected insider trading accounts to their own customers, letting them copy those trades. Now Polymarket has launched an audit of those startups. Among them are Kreo, which promises to help users âfind insiders before the rest,â and Polycool,... Read more âș
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Amazon will buy satellite firm Globalstar for about $11.5 billion and power satellite features on Apple iPhones, the company said Tuesday, in an effort to challenge SpaceXâs Starlink by adding a direct-to-cell service for its upcoming Leo satellite offering. Globalstar owns wireless spectrum and ... Read more âș
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The mysteries of SpaceX are no more. My colleague Cory Weinberg today wrote the second of two stories in four days that pulled back the curtain on the finances of Elon Muskâs space company, which is planning to go public in a couple of months. You donât have to wait for the formal IPO filing to get the dirt on SpaceX.The bottom line is that SpaceX as a whole is... Read more âș
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A new set of numbers for Elon Muskâs SpaceX makes it clear that the success of its potential initial public offering will depend on investors embracing the growth of the companyâs Starlink satellite internet business. The other two businesses inside SpaceXârocket launches and AIâare burning cash and not generating the kind of growth that makes investors willing to pay the staggering valuation Musk is seeking, according to previously unreported financial... Read more âș
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Thinking Machines Lab has hired Rudolf Laine and Luke Drago, the co-founders Workshop Labs, a one-year-old startup that develops software for personalizing AI systems, and has bought the startupâs technology, according to a spokesperson for Thinking Machines. The price of the deal was not ... Read more âș
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Dell and HP shares fell about 3% after hours Monday after Nvidia denied a report from website SemiAccurate that claimed the chip giant had been negotiating a deal for more than a year to acquire a large company that makes personal computers. The report didnât identify the company but Dell and ... Read more âș
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AI firmsâ voracious appetite for more data has lifted sales for obscure startups doing the industryâs unglamorous work: contracting with lawyers, PhDÂ holders and medical doctors who grade the answers AI models generate. The latest is Handshake, a 12-year-old startup that began as a job site for college graduates. Handshakeâs gross annualized revenue from AI training has risen to nearly $1 billion, up from $550 million in January and $5... Read more âș
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Microsoft is playing catch-up in the AI power race by grabbing big sites in Texas and West Virginia for data centers fired by natural gas. It wasnât long ago that the company had a big lead.In the early days of the AI boom, Microsoftâs in-house energy team amassed a 9-gigawatt war chest of grid-powered data center sites that was the envy of the industry, according to people with knowledge of... Read more âș
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An OpenAI executive said in a memo to staff Sunday that the company is seeing âstaggeringâ demand for its upcoming joint product with AWS and that its exclusive cloud deal with Microsoft had âlimited our ability to meet enterprises where they are,â CNBC reported Monday. As one of OpenAIâs ... Read more âș
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AI developers are getting more creative in how they acquire data to train AI models. For instance, theyâre paying startups to develop copies of popular apps, like Salesforce or Excel, to teach models how to use the appsâotherwise known as reinforcement learning environments or gyms.One beneficiary of this trend is Fleet, a two-year-old startup that develops and sells those RL environments. The startup is now in talks to raise at... Read more âș
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Tether, the worldâs biggest stablecoin issuer, has hired Jeremy Pollack, most recently vice president of Kinexys by JPMorgan, the bankâs blockchain business unit, to be its institutional expansion manager. Based in New York City, Pollack will build institutional partnerships to promote the usage ... Read more âș
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As Microsoft faces growing competition for business customers from Anthropic, it is developing new features that would make its AI assistant Copilot function more like OpenClaw, the open-source AI agent that has taken the AI industry by storm in recent months. A newly created team under Microsoft corporate vice president Omar Shahine is âexploring the potential of technologies like OpenClaw in an enterprise context,â including a team of always-on agents... Read more âș
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OpenAI CEO Sam Altman addressed an attack on his San Francisco home in a personal blog post on Friday, noting rising criticism of the AI industry and saying there is a need to âde-escalate the rhetoric.â Earlier that day, San Francisco police arrested a man for allegedly throwing a Molotov ... Read more âș
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We interrupt our regular AI programming to talk about something more entertaining: Netflix! The video-streaming giant kicks off tech earnings season on Thursday with its first-quarter earnings. Itâs the first quarterly report since Netflix walked away from its $82.7 billion deal to buy Warner Bros. Discoveryâs streaming and studio operations, so that distraction is gone. Now weâre back to guessing how long Netflix can keep growing at its recent annual... Read more âș
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Wall Streetâs sell-off of enterprise software stocks resumed in earnest late last week, sending stocks such as ServiceNow and Snowflake down around 8% or so on Friday, as jitters over the impact of new AI tools on older software firms intensified. But the panic may be too indiscriminate. One way of sorting out which software firms may have more of a future is to look at their spending on research... Read more âș
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Welcome, Weekenders! In this newsletter:âą The Big Read: Meet the father of Claude Codeâą Artificial Intelligence: The hijinks around tokenmaxxing ⹠Plus, Recommendationsâour weekly pop culture picks: âWho Blew Up the Georgia Guidestones?â âThose Who Are About to Dieâ and âIt Was Just an AccidentâOver a good many years, âSilicon Valley,â the HBO show, accomplished a very rare feat: It got the elite of Silicon Valley, the place, to laugh... Read more âș
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At tech giants like Meta Platforms, employees may have embraced the idea of âtokenmaxxingâ as a way to show off how dedicated they are to using AI in their jobs. Donât expect businesses beyond the deepest-pocketed tech giants to follow their lead, though. As The Information reported on Monday, employees inside Meta have been competing to see who could rank highest on an internal leaderboard called Claudeonomics as the most... Read more âș
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Meta Platforms is bringing on three senior OpenAI executives who helped lead the ChatGPT-makerâs ambitious Stargate cloud and data center initiative, according to two people with direct knowledge, marking a notable escalation in the battle for AI infrastructure talent. The executives are joining ... Read more âș
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CoreWeave, a provider of cloud computing for AI, on Friday said it had struck a multi-year deal to develop and run Anthropicâs Claude AI models. The company expects the first servers to come online for Anthropic later this year. The two companies didnât disclose the size of the deal. This is ... Read more âș
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Hong Kong has granted its first licenses to issue stablecoins to HSBC and a joint venture of Standard Chartered, allowing them to issue crypto tokens pegged to Hong Kong dollars. The move comes as Hong Kong pushes to become a global fintech and crypto hub, even as mainland China continues ... Read more âș
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28.04.2026 03:00
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