Spain Blocks Polymarket and Kalshi in Gambling Crackdown
Spanish users who opened Polymarket or Kalshi this week found the sites unreachable. Spain’s gambling regulator ordered internet providers to block the two prediction-market platforms on the ground that they…
Kuaishou CEO: Kling AI’s Annualized Revenue Approaches $500 Million
Cheng Yixiao, Kuaishou’s chief executive, brought a number to the company’s first-quarter earnings call that investors have been waiting to hear from China’s AI industry: a real revenue figure, growing…
Kuaishou’s Kling AI Posts 300% Revenue Jump as Video Model Finds Paying Users
The conventional wisdom about China’s AI industry has been that its models impress and its revenue disappoints. Kuaishou is building a counter-example. In the first quarter of 2026, the company’s…
Micron Crosses $1 Trillion as Memory Stocks Lead a Split Market
The closing bell on May 26 split Wall Street into two markets. The Dow Jones Industrial Average fell 0.23%, the S&P 500 rose 0.61%, and the Nasdaq Composite gained 1.19%.…
JD.com Says It Isn’t Bidding for Britain’s The Very Group
Executives at The Very Group, the British online retailer owned by the Barclay family, spent part of this week answering questions about a buyer that isn’t coming. Reports circulated that…
DDR4 Module Prices Slide as Memory Buyers Sit on Inventory
In Huaqiangbei, Shenzhen’s warren of electronics stalls, memory modules stack ceiling-high in shopfronts that measure business in cartons moved per day. This week, the cartons are moving slower. Industry-standard 8GB…
Dropbox’s Drew Houston Hands Over the CEO Role
In 2007, Drew Houston forgot a USB drive on a bus from Boston to New York, and the annoyance became a company. The frustration of carrying files on physical media…
7-Eleven Data Breach Exposes 185,000 Records
The most personal numbers a company can hold, names, birth dates, addresses, and Social Security numbers, were taken in a data breach at 7-Eleven, according to a report by TechCrunch.…
Uber Burns Through Its AI Budget in Four Months
Uber Technologies set an artificial intelligence budget for 2026 that was supposed to last the year. It lasted four months. Andrew Macdonald, the company’s president, said publicly that Uber exhausted…
Pichai on AI Search: ‘The Foot of the Mountain Is Here’
For most of the past two decades, the question of what keeps Sundar Pichai up at night would have been answered with a list of regulators and rivals. This week,…
