Big Tech Faces Growing Pressure to Justify Its AI Spending
After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.
AI start-up Moonshot launches largest Chinese AI model
Chinese AI start-up Moonshot has released a large language model with capabilities approaching those of frontier US labs such as Anthropic, as the gap narrows between the two countries on state-of-the-art AI.
Dubai plans new port to bypass Strait of Hormuz?
DP World is planning to build a new port and a container terminal on the United Arab Emirates’ east coast that would reduce Dubai’s dependence on its flagship Jebel Ali hub and bypass the Strait of Hormuz. Project to build capacity on UAE’s east coast represents a major shift after US-Iran war.
Japan’s borrowing costs soar to 30-year high on debt fears
Japan’s borrowing costs have climbed to their highest in 30 years as investors grow increasingly concerned about the country’s heavy debt burden, weakening yen and a $2.3 trillion long-term spending plan proposed by Prime Minister Sanae Takaichi.
OpenAI proposes handing Trump administration 5% stake
According to FT, Sam Altman’s start-up in early talks for a public ownership deal as political pressure rises.
CMA CGM nears $1.4 billion deal for FedEx logistics unit, sources said
French container shipping group CMA CGM is nearing a deal to buy FedEx's third-party logistics business for $1.4 billion in cash.
Short sellers reap more than $2.3bn profit betting against gambling companies
Hedge funds are capitalizing on online gambling stocks' decline, driven by US prediction market growth and UK tax hikes.
Polymarket anonymity must end
Crypto prediction markets' anonymity enables manipulation like insider trading and wash trading, requiring KYC verification to build trust and gain regulatory approval.
US soldier pleads not guilty over prediction trades on Maduro capture
A US soldier's insider-trading case on Polymarket emerges as an early legal test for regulating the rapidly growing prediction markets.
Business school professors’ picks: discussion on Prediction Market
Prediction markets are scaling rapidly, but concerns over financial exploitation and regulatory gaps challenge their legitimacy.
Robinhood excludes some prediction markets over manipulation fears
Robinhood is aggressively expanding into prediction markets but is excluding riskier contracts such as “mention markets” amid mounting concerns over manipulation, insider trading and regulatory scrutiny.
The big state gamble on prediction markets
Prediction markets such as Kalshi are forcing a high-stakes showdown between state gambling laws and the CFTC’s claim of exclusive federal oversight over event-based derivatives.
