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IREN Shares Rise After Quarterly Revenue Beat

IREN, a neocloud company, topped analysts' quarterly revenue estimates, according to Reuters. The stronger-than-expected result was followed by a jump in the company's shares. Sources * Google News: Artificial Intelligence

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Kalshi faces mounting losses over state gambling laws

Kalshi’s legal strategy of challenging state gambling laws has run into repeated setbacks. Judges have refused to block the laws, leaving the prediction-market platform subject to further state-level enforcement and regulatory proceedings. State attorneys general contend that Kalshi’s contracts involve wagering and therefore fall under state

Technology News

Harbinger Raises $240 Million as It Expands Into Defense

Harbinger, a Los Angeles-based startup, has raised $240 million, bringing its total funding to more than $650 million. As part of its expansion into defense, the company is developing electric trucks, emergency vehicles, and a driverless platform for the military. The new funding will support its work across these

Technology News

Axiom Math Uses Formal Verification to Check AI-Generated Mathematics

AI-generated proofs are entering mathematics faster than conventional peer review can reliably vet them, creating concern about low-quality or incorrect arguments. Axiom Math is betting that formal verification can provide a stronger safeguard. The startup’s AI agents use formal methods to check whether proposed proofs satisfy a

Technology News

Zipline reaches $21.5 billion valuation amid Walmart drone delivery expansion

Zipline, a drone delivery company, has raised $1.5 billion at a valuation of $21.5 billion. The financing comes as the company expands its partnership with Walmart, a major step in scaling its commercial drone delivery operations. Sources * TechCrunch

Tech Stocks Fall as AI Concerns Meet U.S. Midterm Uncertainty

Technology stocks fell sharply as investors reacted to a combination of concerns about artificial intelligence and the outcome of the U.S. midterm elections. The downturn came as Democrats secured a midterm landslide, adding uncertainty around the political direction of AI regulation, infrastructure spending, and the broader technology sector. At

Technology News

Dropbox acquires Tigris Data for $350 million to expand AI infrastructure

Dropbox has acquired Tigris Data for $350 million as it expands its infrastructure for AI development. The acquisition is expected to support the development of DBX Agent Cloud, a new storage platform designed for developers building AI models and agents. The deal positions Dropbox to provide storage services as part