An appeals court rules states can regulate prediction markets, finding
An appeals court rules states can regulate prediction markets, finding Kalshi's sports event contracts are bets, not swaps, and subject to state gambling laws
TL;DRAppeals court says states can regulate prediction markets as gambling, not financial instruments.
Why it matters: Creates legal uncertainty for prediction market platforms; Supreme Court may need to settle conflicting rulings.
OpenAI says it plans to stop providing its models to Cursor
TL;DROpenAI cutting off AI model access to Cursor on November 12 over terms-of-service concerns.
Texas Gov. Greg Abbott orders state agencies
TL;DRTexas governor halts state funding for Flock surveillance camera network after investigation.
Latest
Shares of French quantum computing company Pasqal closed up 95%
French quantum computing startup Pasqal doubled in value on its first trading day via SPAC merger.
Andreessen Horowitz raises $1.1 Billion for AI Hardware Fund
2A16Z is investing $1.1B in AI chip and infrastructure startups.
Is China Secretly Fueling America's Data Center Rage?
China allegedly ran fake accounts to stoke U.S. opposition against AI data centers.
Governor Newsom Awards $9.74M to Scale Southern California Quantum
California grants $9.74M to boost Southern California's quantum computing sector and workforce.
Canada Commits CAD $195M ($140.2 M USD)
Canada invests $140M in Xanadu's quantum computing manufacturing plant.
CXMT sues Pentagon over its Chinese military company designation, saying it
Chinese chipmaker sues Pentagon over military blacklist designation it disputes.
OpenAI to End Partnership With Cursor
OpenAI is ending its Cursor partnership following SpaceX's acquisition of the coding AI tool.
Metriport, whose tools help doctors retrieve patient data, raised $26M
Healthcare startup Metriport raised $26M to help doctors access patient data more easily.
Affirm CEO: American Consumers Are Healthy
Affirm reports record profits and strong revenue growth despite economic uncertainty.