An SDNY judge dealt a blow to Kalshi and Polymarket this week, ruling that New York’s gambling regulations do apply to Kalshi’s sports-event contracts, and making it all but inevitable that the states will be squaring off against prediction markets operators at the Supreme Court in the future. The decision ...
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Blue Origin plays catch-upBlue Origin plays catch-up
Blue Origin, Jeff Bezos’ space startup, is seeking to raise $10 billion at a $130 billion valuation, Semafor confirms, hoping to play catch-up with Elon Musk in the space race. Given SpaceX’s head start, record of smooth launches (something Blue Origin has struggled with lately), and huge funding advantage, here ...
Starbucks starts vibe coding enterprise stackStarbucks starts vibe coding enterprise stack
One of the biggest things going for Salesforce, Workday, and the other SaaS companies threatened by AI has simply been inertia. Uber CEO Dara Khosrowshahi told us in May that the market was overreacting, at least in the short term, to the SaaSpocalypse. “It’s easy for me to vibe code ...
Big Tech spending soarsBig Tech spending soars
A chart this week from Bank of America ricocheted around Wall Street and Silicon Valley, capturing the “generational transfer” of profits in the AI ecosystem. Huge capital expenditures are collapsing big tech companies’ free cash flow, a metric prized by shareholders. Meanwhile, the less sexy companies that make the processing ...
The mistrust of AI labs bubbles overThe mistrust of AI labs bubbles over
Liz’s view A few weeks ago, an Anthropic executive was asked a question on every CEO’s mind: Why should we trust that you won’t steal our business? “It’s a fair question,” Syed Mohiuddin, Anthropic’s head of healthcare, said at a venture-capital event I attended last month on Cape Cod. “Because ...
IDF accused of ‘field execution’ of Palestinian driver bringing aid into GazaIDF accused of ‘field execution’ of Palestinian driver bringing aid into Gaza
The local truckers association has said it may suspend operations, after several eyewitnesses decried the murder of Ahmad Esleem A Palestinian driver bringing food aid from the World Central Kitchen (WCK) into Gaza has been killed by an Israeli soldier, according to eyewitnesses and the local truckers association, which said ...
Farmers Finally Get a John Deere Right to Repair Agreement That Doesn’t Screw Them OverFarmers Finally Get a John Deere Right to Repair Agreement That Doesn’t Screw Them Over
Wednesday, John Deere agreed to give farmers broader access to repair their tractors and farm equipment under an antitrust settlement agreement with the Federal Trade Commission, one of the biggest wins in the long right to repair battle. The settlement is the latest and by far the most important development ...
LinkedIn and X Are Flooded With AI Spam, Browsing Data SuggestsLinkedIn and X Are Flooded With AI Spam, Browsing Data Suggests
A shocking amount of the content that users encounter on popular social media websites is likely AI generated, according to data from a company that detects AI writing. As much as 41 percent of longform written content seen by users on LinkedIn is likely to be fully AI-generated and roughly ...
Heat health alerts extended as record for most 34C days in a year brokenHeat health alerts extended as record for most 34C days in a year broken
Almost all of England is under amber alerts for likely disruption to health services and travel. ...
Burnham on path to No 10 with Labour nominations under wayBurnham on path to No 10 with Labour nominations under way
The former mayor of Greater Manchester is unopposed in the race to replace Sir Keir Starmer. ...