NBA star Giannis Antetokounmpo has joined prediction market Kalshi as a shareholder, becoming the first NBA player to invest directly in the company, according to TechCrunch. The announcement, made Friday, has sparked mixed reactions, with some social media users expressing concerns about potential conflicts of interest.
Antetokounmpo's investment aligns with the NBA's recent collective bargaining agreement, which allows players to advertise and take stakes of up to 1% in sports betting companies, as long as they are not directly involved in betting. The two-time NBA MVP shared his decision on social media, stating, "The internet is full of opinions. I decided it was time to make some of my own. Today, Im joining Kalshi as a shareholder. We all on Kalshi now."
In other news, Benchmark Capital has raised $225 million in special funds to double down on AI chipmaker Cerebras Systems, according to TechCrunch. This investment is part of Cerebras's recent $1 billion funding round, which values the company at $23 billion, nearly tripling its valuation in just six months. Benchmark, a long-time supporter of Cerebras, initially led the startup's Series A in 2016.
Meanwhile, an AI startup founder is planning a "March for Billionaires" in San Francisco to protest California's proposed wealth tax, TechCrunch reported. The event, scheduled for this coming Saturday, has garnered attention and raised questions about its purpose. The organizer has confirmed that the march is not a joke, despite initial skepticism.
HBO's financial thriller "Industry" is capturing tech fraud in its current season, according to TechCrunch. The show's storyline revolves around a fraudulent fintech company called Tender, which Harper Stern, the lead character, is investigating. The investigation reveals that the company is built on fabricated numbers, highlighting the complexities of the tech industry.
Finally, Apple is working on making CarPlay compatible with AI chatbots like ChatGPT, according to Bloomberg, as reported by TechCrunch. This move would allow users to interact with their favorite AI chatbots through their vehicle's infotainment system, potentially enhancing the driving experience. The next-generation CarPlay Ultra is expected to further integrate these features, giving users more control over their vehicles.
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