Kalshi Lawsuit, Musk Loses AI Transparency Fight, and AI Data Center Cost Backlash
Jim Love covers a lawsuit against prediction market Kalshi after it refused to pay out roughly $54 million on bets tied to Iran’s Supreme Leader Ayatollah Ali Khamenei leaving office, citing a disputed “death carve-out” clause, as regulators face questions about prediction markets, possible insider trading, and whether they are gambling. He also reports a judge rejecting Elon Musk and xAI’s bid to block a California AI transparency law requiring disclosures about training data and safety practices. The episode notes major tech firms pledging not to pass AI data center electricity costs to consumers amid rising regulatory and community pushback. Reuters reports OpenAI robotics and consumer hardware head Caitlin Kalinowski resigning after a Pentagon partnership, citing concerns about surveillance and lethal autonomy. Finally, Oracle is rumored to plan up to 30,000 layoffs as AI data center financing tightens.
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00:00 Sponsor and Headlines
00:51 Kalshi Death Bet Lawsuit
03:39 Musk Loses Transparency Fight
05:55 AI Data Center Power Pledge
08:16 OpenAI Robotics Resignation
09:37 Oracle Layoffs and AI Cooling
10:49 Wrap Up and Sponsor Thanks
