πŸ—žοΈ Kalshi trading surge

Bay Area TimesΒ·Β·7 min read
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AI Summary

Anthropic is weighing a $50B raise at ~$900B valuation as ARR nears $45B, which would surpass OpenAI in valuation. Kalshi raised $1B at $22B valuation with $178B in trading volume, while Ramp is said to be raising $750M at $40B+. OpenAI launched GPT-5.5-Cyber for vetted cybersecurity firms, and ChatGPT added a Trusted Contact safety feature for mental health concerns.

Key Facts

βœ“Anthropic is weighing a $50B raise at ~$900B pre-money valuation as ARR nears $45B, which would surpass OpenAI in valuation.
βœ“Kalshi raised $1B at $22B valuation led by Coatue as trading volume hit $178B, while Ramp is said to raise $750M at $40B+ co-led by Iconiq and GIC.
βœ“OpenAI launched GPT-5.5-Cyber for vetted cybersecurity firms and Big Tech free cash flow is projected to fall to ~$4B in Q3, the lowest since 2014 due to $725B in combined 2026 AI spending.

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πŸ—žοΈ Kalshi trading surge β€” Bay Area Times | subtl