Kelp DAO Lost $292M in 46 Minutes—And Its Bridge Didn’t Even Flinch
A single spoofed call drained 116,500 rsETH from Kelp DAO's LayerZero bridge. Aave froze markets, Ethena paused bridges, and 20+ chains felt the fallout.
Archive
Category: AI Investment & Business
Venture capital, AI startup funding, industry trends, and business implications
OpenAI’s Sora Cost $1M a Day to Make $2.1M Total—Now It’s Dead
OpenAI's Sora burned $1M/day in compute while making $2.1M total. Three executives left as the company kills consumer 'side quests' for enterprise focus.
Recursive Superintelligence Raised $500M—For an AI Nobody Can Explain
The four-month-old startup with no product and a 20-person team just raised $500M at a $4B valuation. GV and Nvidia led the oversubscribed round.
China Bars Founders of Meta’s $2B AI Acquisition From Leaving—’Singapore Washing’ Backfires
China blocked Manus co-founders from leaving after Meta's $2B deal, branding it 'conspiratorial.' The 'Singapore washing' escape route just closed for good.
OpenAI Loses Product Chief, Sora Head, and Enterprise CTO—Same Day
Kevin Weil, Bill Peebles, and Srinivas Narayanan all left OpenAI on Friday. The company is shutting Prism and folding everything into Codex ahead of IPO.
DeepSeek Opens Its Wallet for the First Time—Seeking $300M at a $10B+ Valuation
The Chinese AI lab that rattled US markets with its $6M R1 model is now courting Silicon Valley's money—its first outside capital after years of turning…
OpenAI’s $20B+ Cerebras Chip Bet—Double What Anyone Expected
OpenAI will spend over $20 billion on Cerebras server chips and take an equity stake in the AI chipmaker—double the original January deal and a direct…
The NBA Is Finally Running Toward Prediction Markets—While Congress Tries to Kill Them
The NBA is in active talks with Kalshi and Polymarket about a prediction market deal, sources tell Front Office Sports. A deal could come before next…
Congress Is Coming for Prediction Markets—and Both Parties Agree
Bipartisan congressional scrutiny of Kalshi and Polymarket has exploded after a heated CFTC hearing. Insider trading, Trump family ties, and a one-person regulator are all on…
SpaceX Accelerates Employee Share Vesting to Next Week—IPO Debut Now Imminent
SpaceX has moved up its vesting schedule for employee shares to as soon as next week, a pre-IPO maneuver that signals the world's largest public debut…