New York Stock Exchange parent company invests $2 billion in Polymarket at $9 billion valuation
“Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream,” Shayne Coplan, founder and CEO of Polymarket, said in a statement.Proponents say these markets…
Legendary Apple designer Jony Ive wants to fix our relationship with the phones he helped create—and has up to 20 different OpenAI gadgets to do so
“When I said we have an uncomfortable relationship with our technology, I mean that’s the most obscene understatement,” Ive said while being interviewed by OpenAI CEO Sam Altman this week…
America’s air traffic controller shortage is even worse during the government shutdown—but job candidates can make $145,000 per year
The U.S. government shutdown is affecting the livelihood of thousands of air traffic controllers, as they’re expected to keep working without a paycheck. It’s led to major staffing shortages and…
Deloitte was caught using AI in $290,000 report to help the Australian government crack down on welfare after a researcher flagged hallucinations
Deloitte’s member firm in Australia will pay the government a partial refund for a $290,000 report that contained alleged AI-generated errors, including references to non-existent academic research papers and a…
Meet John Ternus, the 50-year-old former swimming champ rumored to succeed Tim Cook as Apple CEO
“Ternus stands out,” Gurman wrote in his latest report. “He’s charismatic and well-regarded by Apple loyalists and trusted by Cook, who has granted Ternus more responsibilities. The executive has emerged…
Holiday shopping will look different this year, Adobe predicts: AI-assisted purchasing will jump a staggering 520%
One of the biggest upticks from last year is in the concentration of spending around sales events. The five-day period including Thanksgiving, Black Friday, and Cyber Monday are expected to…
Top analyst ‘very concerned’ about Nvidia fueling an AI bubble and a ‘Cisco moment’ like the dotcom crash: ‘We’re a lot closer to the seventh inning than the first or second inning’
A top Wall Street analyst has sounded an alarm over the U.S. equity bull market, warning that its remarkable run is built on a precariously narrow foundation: a surge in…
Charlie Javice duped JPMorgan out of $175 million. The bank is picking up her legal tab
The legal bill is the latest fallout for JPMorgan from the disastrous transaction. It also illustrates how expensive high-stakes litigation involving top-flight lawyers can become. There are few litigants besides…
All-cash offers are still a third of all home purchases, dominated by ‘investors and second-home buyers,’ data shows
“After dominating some markets during the pandemic, large investor activity has retreated, giving way to smaller investors who more often use financing.” She warns that investor presence remains elevated, with…
OpenAI builds apps into ChatGPT, in a bold bid to make AI the ‘universal interface’ to our digital lives
The first was the announcement of a major new strategic partnership between OpenAI and chipmaker AMD. The deal will see AMD provide its M4150 graphic processing units (GPUs) to OpenAI’s…
