Robotics Startup Physical Intelligence Valued at $5.6 Billion in New Funding

Kalshi, a prediction market platform, has successfully raised $1 billion in funding led by Sequoia and CapitalG, resulting in a valuation of $11 billion. This funding round comes less than two months after the company announced a $300 million fundraising at a $5 billion valuation. The significant increase in valuation reflects strong investor confidence in Kalshi's business model and growth potential.

Kalshi, a rapidly growing prediction betting market, has achieved a valuation of $11 billion after successfully raising $1 billion in a funding round led by Sequoia and CapitalG. This significant capital influx reflects strong investor confidence in Kalshi's business model and growth potential.

Google has announced that its latest Pixel smartphones can now exchange files with iPhones using Apple's AirDrop protocol. This development aims to challenge the exclusivity of Apple's ecosystem by allowing seamless file sharing between Android and iOS devices.

Physical Intelligence, an AI robotics startup, has successfully raised $600 million in funding, led by CapitalG, which values the company at $5.6 billion. The funding round saw participation from notable investors including Jeff Bezos, Lux Capital, and Thrive Capital. The startup focuses on developing AI software that enables robots to learn a variety of tasks, positioning itself as a significant player in the robotics and AI sectors.

Investors in Alphabet Inc. have shifted their concerns from fears of the company being left behind in the artificial intelligence revolution to worries about the stock becoming overvalued following a significant rally that added a trillion dollars to its market capitalization. This change in sentiment highlights the volatile nature of tech stock valuations amidst rapid advancements in AI technology.

Citadel Securities LLC has initiated trading for two baskets of corporate bonds from major tech companies including Microsoft Corp., Amazon.com Inc., Alphabet Inc., and Meta Platforms Inc. This move comes as investors seek more liquid options to engage in substantial investments in artificial intelligence.

Alphabet Inc. shares experienced a significant increase on Wednesday, marking the highest rise in two months. This surge was driven by overwhelmingly positive reviews for the latest version of its Gemini artificial intelligence model, boosting investor confidence in the company's standing within the dynamic technology sector.

Alphabet Inc.'s Google has launched an updated version of its artificial intelligence model, Gemini, which executives claim represents a significant advancement in reasoning and coding capabilities. This new model aims to enhance user interactions by providing more interactive answers and better understanding of requests, marking a notable step forward in AI technology.