The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.

You can imagine how this is all going over in Silicon Valley, where the libertarian ethos runs deep.

His replacement is Amar Subramanya, a highly regarded Microsoft executive who spent 16 years at Google, most recently leading engineering for the Gemini Assistant. It’s a savvy hire, given that Subramanya knows the competition intimately.

The promise is AI that’s uniquely helpful because it knows you. But the risk is AI that feels more like surveillance than service.

The move is a loss for homebuyers, who through Zillow had ready access to a property’s climate risk scores from First Street.