Food fight!!! AI startups raised $255 billion in Q1, which exceeds the entire amount raised by the sector in 2025.
“They’re coming to take me away, haha”… A Meta employee on being monitored to help train AI systems that will automate jobs: “Even if we haven’t lost our jobs to AI yet, we’re being commoditized in advance.”
While you were snoozing… 30-year Treasury bond yields rose above 5.12% for the first time since 2007.
“There have always been ghosts in the machine”… An experimental AI agent created at Alibaba Group opened unauthorized network connections and redirected computing power toward cryptocurrency mining in an apparent attempt to enrich itself.
Right??? A Federal Circuit judge skeptical of Kalshi’s argument that its sports event contracts should fall exclusively under the jurisdiction of the Commodity Futures Trading Commission rather than state gambling laws remarked: “If it quacks, you know, it’s a duck. Right? It’s gambling isn’t it?”
“And the gambling commission’s hangin’ on by the skin of its teeth”… The DOJ and Commodity Futures Trading Commission charged a US Special Forces soldier for allegedly using classified military information to profit from Polymarket bets, marking the first CFTC insider trading case involving prediction market event contracts. [50 bonus points if you recognize the lyric]
Go Blue!!! The University of Michigan invested $20 million in OpenAI before ChatGPT or Microsoft, and is targeting a $2 billion redemption.
Hey, he only took half the money… UK private credit lender MFS collapsed amid allegations that founder Paresh Raja misappropriated roughly $1.7 billion from a $3.4 billion private credit fund through false reporting, double-pledged collateral, diverted funds, and spending on Ferraris and luxury real estate.
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