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Crypto

Institutions flock to Polymarket and Kalshi as retail profits drop in prediction markets

Easy profit opportunities that retail traders once enjoyed on prediction markets Polymarket and Kalshi are rapidly shrinking as institutions, market makers, quant managers, funded trading firms and AI agents enter the space. The immediate battleground is the U.S. Federal Reserve’s policy rate decision, where most outcomes are priced in, leaving a narrow range to trade. Experiments also show AI models have not yet delivered stable returns.

AI & Enterprise

Finance AI bottleneck is data, not model performance, solved with ontology

Han Tae-kyung (한태경), head of the AI stock market data vendor business at Weaker Korea, said the bottleneck in finance AI lies in data design, not model performance. He said finance AI is limited without an ontology that links on-the-ground expertise, proprietary data and analysis tools to large language models. Han said generative AI has boosted productivity in tasks such as earnings analysis and topic extraction, but up-to-date data connections matter most in practice.

AI & Enterprise

China\'s DeepSeek nears 11 trillion won funding from Tencent, CATL; valuation seen up to 90 trillion won

Chinese AI startup DeepSeek is nearing the completion of its first external fundraising round since its founding. The funding is expected to exceed 50 billion yuan, while the company has been valued at close to $60 billion, reports said. Participants are said to include Tencent, NetEase, JD.com and battery maker CATL, as well as venture capital firms. Founder and CEO Liang Wenfeng plans to invest about 20 billion yuan of his own money.