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Ninth Circuit Hands States Victory in Prediction Market Jurisdiction Fight
A federal appeals court has handed state gaming regulators a significant victory in their jurisdictional battle with the Commodity Futures Trading Commission, ruling that Nevada may subject Kalshi’s sports-event contracts to its gambling laws.…
- The unanimous Ninth U.
- Circuit Court of Appeals decision deepens a conflict among federal cou…
- Most significantly, the ruling conflicts directly with an April decisi…
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OpenAI Says Ad Business Reaches $1 Billion Run Rate
OpenAI says its ChatGPT Ads business has reached $1 billion in annualized revenue run rate.…
- “The platform is now used by tens of thousands of advertisers and cont…
- “Starting later today, advertisers can purchase ChatGPT ads directly v…
- ” OpenAI in April told investors it expected its ad business to bring …
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Tim Cook’s parting message: Apple is in the hands of a product builder
Tim Cook’s farewell memo to Apple employees offers a glimpse at how he wants John Ternus to be seen: as a product builder with deep experience across the iPhone, Mac, AirPods and other major hardware lines
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Tariff Refunds Help Retailers Bring Down Prices
Retailers and consumer goods companies have begun lowering prices thanks to tariff refunds.…
- Walmart, Tractor Supply and e.
- Beauty are among the companies going this route, the Wall Street Journ…
- 31), noting that these price cuts are designed to juice sales at a tim…
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Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target
Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target
- Strive becomes fifth-largest public bitcoin treasury after 1,800 BTC buy, TD Cowen lifts ASST price target
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Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading
Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading
- Kalshi issues first permanent ban to former Rep. George Santos over State of the Union trading
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AI Opens a New Distribution Channel for Credit
Economic pressure is incentivizing consumers more reason to compare the cost of a purchase, the possibility of financing behind it and the alternatives before committing.…
- Financial providers are embedding those choices into a new place: the …
- AI’s potential financial-product distribution channel is taking shape …
- Among the latest examples came Thursday (Aug.
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Apple’s New CEO Inherits an AI Strategy Built on Outsiders
John Ternus becomes CEO of Apple on Tuesday (Sept.…
- 1), taking over a company whose defining strength has always been tigh…
- Tim Cook will become executive chairman the same day, continuing to ma…
- It is Apple’s first CEO transition since Cook succeeded Steve Jobs in …
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FSB Warns Frontier AI Could Threaten Global Financial Stability
The head of the Financial Stability Board is urging global regulators to make the safe release of advanced artificial intelligence models a priority, warning that increasingly autonomous systems could exploit cyber weaknesses and transmit disruptions across the international financial system.…
- Andrew Bailey, who chairs the FSB and serves as governor of the Bank o…
- The FSB coordinates the work of financial regulators from the world’s …
- Bailey’s central concern is that the capabilities of frontier AI model…
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‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
- ‘We’re back’: Strategy buys another 4,603 bitcoin for $369.7 million as holdings hit 845,050 BTC
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ChatGPT Faces Greater Regulatory Oversight by EU
The European Union said ChatGPT qualifies for greater oversight by its antitrust regulator.…
- OpenAI’s chatbot has been designated a Very Large Online Search Engine…
- 31) press release.
- The commission also labeled Reddit and Roblox as Very Large Online Pla…
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