User avatar
  • Michael J. de la Merced

Posts

Kalshi to Become a World Cup Partner as It Pursues More Growth

The prediction market is betting that the association with the soccer tournament will help bolster betting volumes as it works toward an I.P.O.

OpenRouter, an Exchange for A.I. Models, Raises $113 Million

An investment arm of Alphabet is backing OpenRouter, which helps companies choose among hundreds of models for different software tasks.

Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation

The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of…

Casa, a Handyman Start-Up, Aims to Automate Home Maintenance

Casa, a company founded by former Uber executives, says it uses artificial intelligence and a stable of handymen to take care of members’ homes.

Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal

The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.

Shield AI, a Start-Up Making Military Drones, Raises $2 Billion

The company, which develops autonomous military technology, also plans to buy a maker of simulation software as interest in next-generation defense soars.

Berkshire Hathaway Posts a Drop in Earnings in Buffett’s Last Year

In his first report as C.E.O., Gregory Abel, stuck to a straight commentary rather than Warren Buffett’s folksy tone. The lower earnings were largely driven…

Revel, a Maker of Software for Running Hardware, Raises $150 Million

The start-up, founded by a former top SpaceX engineer, promises to help companies reduce their testing times and optimize systems.