Inside Kalshi’s $4B+ in Annualized Revenue, Chip Infrastructure Startup Eliyan Hits Unicorn Status

Prediction market Kalshi has reached $4 billion in annualized revenue, fueled by World Cup betting and a valuation surge to $40 billion, though it faces ongoing regulatory scrutiny regarding sports event contracts. Meanwhile, chip infrastructure startup Eliyan is addressing AI compute bottlenecks through advanced chiplet interconnect technology, positioning itself to support hyperscalers developing custom silicon. In the venture capital space, David Sacks is launching a $1 billion fund at Craft Ventures following his tenure as a White House AI and crypto advisor, where he advocated for a hands-off regulatory approach. Additionally, the U.S. Department of Agriculture is reallocating software spending by shifting specific AI-driven correspondence tasks from Salesforce to C3, signaling potential shifts in enterprise software budgets as organizations prioritize specialized AI capabilities over legacy vendor lock-in.