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 ...

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 ...

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. ...

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 industry worldwide due to chip supply constraints and skyrocketing token usage for AI agents and other

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 deal, ByteDance is procuring millions of chips known as application-specific integrated circuits, or

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 $535, implying the stock could more than double from Friday’s close of $751. The bank cited long-term

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’s $5 billion valuation from its last round, which was announced just three months ago. The

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 quarter of this year, up more than 300% from a year earlier, Kuaishou said. Kling’s app had 412.7

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 ...

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 ...

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 ...

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 and Alkarmi would be the sole CEO. Dropbox shares fell over 3% Tuesday. Alkarmi was previously the

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 more than a decade. Fleming is the latest ServiceNow executive to depart for a frontier AI model

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 ...

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 cause of his death. Ondo president Ian De Bode will serve as CEO. Allman founded Ondo in 2021

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 American’s roughly 500 Boeing craft. It also excludes an additional approximately 500 smaller regional

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 ...

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 ...

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 a blueprint for “safeguarding the human person in the time of artificial intelligence” and lends

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 ...