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Polygon Labs in Talks to Raise Up to $100 Million for Payments BusinessExclusive

Polygon Labs in Talks to Raise Up to $100 Million for Payments Business

Polygon Labs, developer of the blockchain that underpins prediction market Polymarket and other crypto platforms, is in early talks with investors to raise as much as $100 million to build a new stablecoin payments business, according to people familiar with the talks. The funding discussions come amid a nasty downturn in crypto. The new venture would be a way for Polygon to diversify out of a market that has stalled.

Exclusive: Former Andreessen General Partner Midha Raises $1.3 Billion

Firm wrote $300 million check in Anthropic

Perplexity’s ARR Rises to $500 Million

Perplexity's growth is the latest sign of how use of AI products is taking off this year among businesses.

Meta Unveils New AI Models

It marks the first AI model release from Meta’s Superintelligence Labs division.

Meta Shutters Internal AI Token Leaderboard

The dashboard showed company-wide AI token usage topped 60 trillion tokens over a recent 30-day period.

Alibaba Streamlines Responsibilities for AI Executive

Jingren Zhou will focus entirely on his AI leadership role as the tech giant faces fierce competition in China.

Anthropic Announces AI Cybersecurity Project Powered By Claude Mythos Model

Anthropic will be partnering with more than 40 organizations so they can check their software for security vulnerabilities.

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AWS CEO Says Claude Code Won’t Replace SaaS

Matt Garman said the idea that companies could use Claude Code to write software sold by firms like Salesforce was “overblown.” 

Microsoft Cloud Exec Joins Anthropic as Head of Infrastructure

Anthropic is facing a computing crunch, and has recently discussed leasing its own data center space.

Amazon Reduces Package Volume with USPS

Amazon reached an a new agreement with the postal service

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Intel Says It’s Joining SpaceX and Tesla ‘Terafab’ Project

Neither company provided details on how they will work together or a timeline for the project. 

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