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How Kalshi helped prediction markets go mainstream

Kalshi is the largest prediction market in America, creating an entire trading economy around political, sports, and cultural events. To some, including several states, it’s an illegal effort that requires gambling licenses. To others, including some courts and members of the Trump administration, it’s just a new financial opportunity. In a conversation with TechCrunch’s Maxwell...

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Federal judge allows the EFF’s lawsuit against DOGE and Elon Musk to proceed

A federal judge ruled on Thursday that a lawsuit attempting to stop the Department of Government Efficiency from obtaining records on millions of Americans may proceed. In conjunction with privacy watchdog the Electronic Frontier Foundation and two labor unions, more than 100 current and former federal employees sued DOGE, the U.S. Office of Personnel Management...

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Amazon’s new AI agent will shop third-party sites for you

Amazon is starting to test a new AI shopping agent, a feature it calls “Buy for Me,” with a subset users, the company announced in a blog post Thursday. If Amazon doesn’t sell something that users are searching for, the Buy for Me feature will display products to users that other websites are selling. Then,...

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StrictlyVC is heading to London this May

StrictlyVC is crossing the Atlantic! On 13 May, London will play host to an exclusive StrictlyVC evening, delivering the same high-caliber VC insider content that has made these events a must-attend for investors and startup leaders alike. If you’re a venture capitalist or founder looking to exchange insights with peers and dive into powerful, no-filter...

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OpenAI’s o3 model might be costlier to run than originally estimated

When OpenAI unveiled its o3 “reasoning” AI model in December, the company partnered with the creators of ARC-AGI, a benchmark designed to test highly capable AI, to showcase o3’s capabilities. Months later, the results have been revised, and they now look slightly less impressive than they did initially. Last week, the Arc Prize Foundation, which...

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Stablecoin issuer Circle takes another stab at a public listing

Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle’s 2024 net income was $156 million,...