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Utah has charged prediction market Kalshi and its billionaire co-founders Tarek Mansour and Luana Lopes Lara with promoting illegal gambling. Kalshi called it political overreach.
Rick Jackson, the founder of Jackson Healthcare, has spent about $220 million chasing the Georgia governor's office, with nearly $165 million going to TV ads.
American billionaire Michael Bloomberg is giving Democrats another $36 million before the midterms, lifting his spending this cycle to about $116 million.
SpaceX shares fell to a nine-week low of $135.90, wiping more than $500 billion off the market value of Elon Musk's rocket and AI company.
Amazon shares fell almost 7% after third-quarter results showed AI spending swallowing its cash, wiping about $14 billion off founder Jeff Bezos's stake.
The Blavatnik Family Foundation, led by Warner Music owner Len Blavatnik, gave Yale's medical school $10 million to study how inflammation drives disease.
American billionaire Jeff Bezos’s Amazon fell 11% after hours as AI spending more than doubled and pushed free cash flow negative, despite 39% growth at AWS.
American billionaire Sergey Brin lost about $29 billion on paper as Alphabet shares plunged more than 12% in their worst day since the company’s 2004 IPO.
American billionaire Ross Perot Jr. says the AI boom has left the US with just 15 to 20 vacant giant warehouses, down from a more typical 50.
American billionaire Sergey Brin’s Alphabet posted $127.6 billion in quarterly revenue as Google Cloud doubled, but its shares slid after hours on spending fears.
Palantir co-founder Joe Lonsdale is backing Safer Human Medicine, a startup that wants to breed 30,000 monkeys in the US for medical research.
LinkedIn co-founder Reid Hoffman gave $8.5 million to House Majority PAC, the Democratic super PAC now attacking Republicans in ads built on the Epstein files.
American billionaire Ken Griffin has given another $5 million to a PAC backing Byron Donalds, bringing his support for the Florida governor bid to $15 million.
Analysts are turning less bearish on billionaire Elon Musk's Tesla as they bet on a SpaceX merger, with sell ratings at an 11-year low.
Anthropic's IPO filing shows each of its seven co-founders, including CEO Dario Amodei, owns about 1.4% of the company, a stake worth over $13 billion.
Rest of World, the global tech news site founded by Eric Schmidt's daughter Sophie, will stop publishing as a standalone outlet in January.