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Crypto

BlackRock says robotics is next after AI, launches new ETF holding Tesla and Nvidia

BlackRock has launched a new robotics-focused exchange-traded fund, expanding its artificial intelligence investment lineup. The iShares Future Robotics and Related Technologies Active ETF (RBTX) is listed on NYSE Arca and charges a total expense ratio of 0.65 percent. Major holdings include Tesla, AMD and Nvidia, according to TradingView. BlackRock said it views robotics as the next stage of AI adoption and noted growing investor selectivity in AI stocks.

AI & Enterprise

Flapping Airplanes says megakernel that keeps GPUs busy boosts AI training efficiency

Flapping Airplanes, a one-year-old AI startup, raised a $1 billion Series A round, TechCrunch reported. Index and Lux co-led the investment, and the company was reported to be valued at $6 billion. The startup launched nine months ago after a $180 million seed round from GV, Sequoia and Index at a $1.5 billion valuation. Existing backers including Sequoia, GV and Kleiner Perkins joined, and Nvidia also invested.

Crypto

Kalshi introduces bitcoin-backed loans, targets U.S. perpetual futures market

U.S. prediction market platform Kalshi is expanding in the regulated U.S. crypto perpetual futures market by introducing crypto-backed loans and using Webull’s distribution network. Kalshi partnered with digital asset custodian BitGo to set up a lending structure, aiming to offer its perpetual futures to more than 6 million Webull customers. Kalshi launched regulated bitcoin perpetual futures earlier this year and later added gold, silver and a US500 stock index contract.