Kalshi, the federally regulated prediction market platform, announced a Series D funding round over $300 million. It was co-led by Sequoia Capital and Andreessen Horowitz, with investments from Paradigm, Coinbase Ventures, and others. It gave Kalshi a $5 billion valuation. The company, founded in 2020 by Yale graduates Tarek Mansour and Luana Lopes Lara, has …
Elon Musk has just confirmed that π Money is working internally and will start extending to outside beta users soon. π Money is a digital payment service providing peer-to-peer transfers, a wallet for storing funds, and Visa integration for bank/debit card connections. It may add crypto and investment features later. Currently in internal beta, expanding …
Making AI to 10 to 30 times more efficient for AI inference and getting more value from training will increase AI demand. Increased AI efficiency on training and inference will accelerate the improvement and usefulness of AI. Dr Know It All went over the DeepSeek paper and explains how they automated the Reinforcement Learning. AlphaZero …
X Payments is coming soon! – The feature is being tested internally on iOS and web X Payments still faces several hurdles before it can fully implement its P2P payment feature: * The company needs to obtain money transmitter licenses in the remaining U.S. states and territories. * After securing “transmitter” licensing, X will also …
Tesla Q2 earnings call is today after trading. What will happen with the most important financial qiesitons? Will they beat market expectations on earnings per share? Will they beat on margin? Will good guidance be given by Elon Musk? Tesla investors must watch this before earnings. Here are the other Tesla community forecasts. I will …
The Milestone June 8, 1974 agreement between the USA and Saudi Arabia was not about exclusively pricing oil in US dollars. It was about enabling Saudi Arabia to use its windfall of oil money into the US economy. The petrodollar system does and did become dominant but it was for mutual economic benefit. The non-renewal …
Tesla had 17.6% gross profit margins in Q4 2023 which was about $252 million per percent of gross margin. Tesla has released FSD 12.3.3 Supervised to all North American Tesla owners. If they were buy or subscribe to Tesla FSD and we converted monthly subscriptions were equalized to a purchase (starting an average 5 year …
Japan’s overall population fell from 128.1 million in 2010 to 122 million today but Japan’s working age population peaked in 1995. If we discount the economic bubble then the real estate collapse from the 1990s to today correlates with the working age population collapse. It is also the aging of the population. The median age …
People talk about how Elon had a 2018 CEO pay package that resulted in $56 billion in value. However, what if he was paid double the cash but only if he was immediately required to buy call options. In 2018 and 2019, there were CEOs getting $125 million to $250 million in mostly cash. Elon …
The next Bitcoin halving is April 19, 2024. This is driving Bitcoin towards $70-100k. About every four years or every 210,000 blocks added to the blockchain, bitcoin miners’ rewards for contributing will be cut in half. IF the reward for mining a block was 40 bitcoins, after its first halving it will be 20, and …
The field of web3 non-custodial wallets just gained a new contender from an old face. SWIFT is the product of Trust Wallet, one of the longest established and most popular crypto wallets. Itβs now unveiled the beta of its new product: SWIFT. The user-friendly wallet, which is incorporated into the Trust app, makes use of …