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- ‘I was on Instagram all day’ – woman tells landmark trial
The young woman, who accuses Meta and Google of making addictive social media platforms, has been speaking in court. [TheTopNews] Read More.4 days ago - Jack Dorsey’s Block cuts thousands of jobs as it embraces AIThe Twitter co-founder says he believes the majority of firms will make similar changes "within the next year." [TheTopNews] Read More.4 days ago
- Why you can’t get a signal at festivals and sports matchesConnecting up music and sports events to the internet is a massive undertaking. [TheTopNews] Read More.4 days ago
- Burger King rolls out AI headsets that track employee ‘friendliness’The fast-food chain is testing OpenAI-powered headsets that monitor staff interactions with customers. [TheTopNews] Read More.4 days ago
- Instagram to alert parents if teens search for self-harm and suicide contentMeta says it will help parents support their children - but safety campaigners have accused them of "passing the buck". [TheTopNews] Read More.5 days ago
- This Looks Like an Insider Bet on Aliens
On Monday night, someone placed a peculiar bet on the prediction market Kalshi. At 7:45 p.m. eastern time, a single trader put down nearly $100,000 on the claim that, by the end of December, the Trump administration will confirm that alien life or technology exists elsewhere in our universe. According to The Atlantic’s review of Kalshi’s trading data, about 35 minutes after this bet was executed, it was followed by another that was almost twice as large (possibly from the same person). These were market-moving events: For one brief stretch, the market appeared to think that there was at least a one-in-three chance that the U.S. government will announce the existence of aliens this year. Perhaps this was just some overexcited UFO diehard with a hunch and money to burn. Or maybe, as some observers quickly noted, it was a trader with inside knowledge.When this alien-prediction market first opened, in December of last year, it didn’t attract much action: By early this month, only about $1 million had been traded on it, a pittance compared with the $195 million that has so far been wagered on Kalshi for who will be the next chair of the Federal Reserve. But money started pouring in 10 days ago, after Barack Obama was asked, in a podcast interview, whether aliens are real and replied, “They’re real, but I haven’t seen ’em.” Although he later clarified on Instagram that he had meant only to suggest that in our mind-bendingly expansive universe of stars and planets, other life forms are very likely to exist, his remark had already made international headlines.Trump seemed to get a kick out of Obama’s flub. A few days later, he accused the former president of leaking classified information and, in a post on Truth Social, directed Secretary of Defense Pete Hegseth and other parts of the federal government to “begin the process of identifying and releasing Government files related to alien and extraterrestrial life, unidentified aerial phenomena (UAP), and unidentified flying objects (UFOs).”It’s possible that Trump was simply delighted by the prospect of a slow-drip document release that has nothing to do with him or Jeffrey Epstein. Either way, his announcement brought even more money into Kalshi’s aliens market. One gambling-industry site published some “X-Files” trading advice: Buy on the rumors of congressional hearings, then sell the moment that officials start dodging questions.This week’s mysterious and mammoth bets did not… [TheTopNews] Read More.5 days ago
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