Verifact Markets, a startup incubated by Peter Wokwicz's Positron Capital Management, launched Friday with trading on 'disputed facts' rather than future events. Initial markets let traders bet on whether Jeffrey Epstein died by suicide, whether State Farm intentionally delayed LA wildfire claims, and whether Covid-19 originated from the Wuhan Institute of Virology, with 'true' currently priced at 76 cents on that question.
wired.com
· 2026-10-05
The SEC has floated an accounting rule change that would let public companies report financial results less often than the current quarterly cadence. Investors and market participants have pushed back strongly, warning the move could reduce transparency into corporate performance.
fastcompany.com
· 2026-10-04
Credit rating firm Egan-Jones published a commentary titled 'It's Over,' arguing that AI capabilities have crossed a threshold enabling widespread adoption that will disrupt hourly-billed professional services and senior talent roles. The firm predicts compressed margins in professional services, lower venture capital returns, and short-term pressure on home prices as screen-based jobs are affected. It also forecasts a new business model where highly successful firms operate with very few or no employees.
futurism.com
· 2026-10-04
A venture investor writing for Entrepreneur recounts backing a founder who raised capital, went silent for months, and shut the company down without ever notifying investors. The piece argues that money alone does not guarantee a startup's progress, and that founders who stop communicating with backers after a raise often squander the advantage that funding provides.
entrepreneur.com
· 2026-10-03
Hiring data firm Draup found that AI-related job postings at banks including JPMorgan Chase, Citigroup and Capital One rose 49% this year to 139,819 listings. Within that total, postings seeking skills in coordinating multiple AI agents working together, known as agent orchestration, jumped 1,721%, according to the analysis shared exclusively with CNBC.
cnbc.com
· 2026-10-02
Job postings for AI-related roles at banks including JPMorgan Chase, Citigroup and Capital One rose 49% in 2025 to 139,819 listings, according to hiring-data firm Draup. Draup found that mentions of 'agent orchestration' — designing AI agents to work together on tasks — grew 1,721%, the fastest-growing skill category it tracked. The firm's CEO Vijay Swaminathan said banks need people who understand both data and where to deploy AI.
cnbc.com
· 2026-10-02
Breakthrough T1D, a major diabetes nonprofit, dismissed three board members of its affiliated venture-capital arm, the T1D Fund. The nonprofit says the move was meant to safeguard donor interests, while the ousted members contend it undermined the fund's independence.
wsj.com
· 2026-10-02
Management consulting firm Bain and Co. released an analysis stating the global AI industry must generate $6 trillion in annual revenue by 2031 to cover the capital being poured into data centers. The firm estimates commercial AI tools will contribute $1.8 trillion of that figure, leaving a $4.2 trillion gap that would need to come from elsewhere. Bloomberg reported the findings, which echo earlier warnings from hedge fund manager Harris Kupperman that data center economics don't currently add up.
futurism.com
· 2026-10-01
Flow Engineering, a three-year-old San Francisco startup building AI agents for hardware design, announced a $50 million Series B round valuing the company at $750 million. The round was co-led by Antonio Gracias of Valar Equity Partners and Gavin Baker of Atreides Management, with participation from Sequoia Capital and individual investor Roelof Botha, who is joining Flow's board. The company's software automatically reconciles CAD drawings with product requirements and simulation data, and counts Anduril, Rivian, Joby Aviation and General Motors PPU among its customers.
techcrunch.com
· 2026-09-30
BAG Ventures, founded by former Google VP Bontia Stewart and ex-CapitalG partner Jackson Georges Jr., has closed an $11.3 million fund after roughly two years of investing. The firm has already backed 10 startups, including SXD, BizTrip, and Nomadic, with checks ranging from $100,000 to $500,000, and plans to deploy the remainder over the next two years.
techcrunch.com
· 2026-09-30
Litigation funder Burford Capital's stock jumped more than 9% in London trading after it revealed a financial entitlement in Taction Technology's $5.7 billion patent verdict against Apple over the Taptic Engine. Burford said it could receive up to $1.4 billion if the verdict is paid in full, split roughly equally between its balance sheet and investment funds. Court records show Taction's litigation funding came through Kenosha Investments LP, an indirect Burford subsidiary, and Gronostaj Investments LLC.
9to5mac.com
· 2026-09-28
Instinct, maker of a viral AI assistant that performs tasks like booking travel and making calls on users' behalf, has raised $1 billion in a Series C round led by investors including Sequoia Capital, Benchmark Capital and Coatue. The round values the company at $10 billion, just a month after a prior raise valued it at $2.5 billion, and comes roughly a year after its invite-only launch in August 2026.
techcrunch.com
· 2026-09-28
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