Kalshi declines payouts on Iran leadership prediction market after Khamenei’s death
Prediction market platform Kalshi says it will not pay out roughly $54 million in potential winnings tied to a market predicting the removal of Iran’s Supreme Leader Ayatollah Ali Khamenei, arguing the event contract did not apply to death. The decision has triggered backlash from users. The market, which allowed users to trade on whether […]
Oracle considering major layoffs as AI data centre costs climb
Oracle is reportedly considering cutting between 20,000 and 30,000 jobs as it seeks to fund a large expansion of AI data centre infrastructure. The potential layoffs, outlined in research from investment bank TD Cowen cited by CIO, highlight the growing capital pressures facing technology companies racing to build infrastructure for artificial intelligence. According to the […]
Judge rejects xAI bid to block California AI training data transparency law
A U.S. federal judge has denied Elon Musk’s xAI request for a preliminary injunction that would have temporarily blocked California from enforcing a law requiring AI developers to disclose information about the data used to train their models. The ruling means companies offering AI systems in the state must comply with the transparency requirements while […]
MDA Space ramps up satellite production amid rising defence demand
MDA Space says it is expanding satellite production and targeting more defence contracts as governments increase military spending and demand for space-based infrastructure rises. The Brampton, Ont.-based company plans to move from producing roughly one satellite per week to two per day as a new manufacturing facility in Montreal comes online. The scale-up reflects rising […]
