Zillow Upgrades AI for Home Search, Highlights Rising Housing Prices

engadget.com

The American dream has shifted from home ownership to a passive search for unattainable properties as corporations dominate the housing market. Zillow recently enhanced its AI capabilities, allowing users to search for homes and rentals using natural language queries, such as specifying commute times or proximity to schools. This update includes a feature for filtering searches by price while maintaining options for layout, location, style, and condition. As the AI continues to evolve, users should remain cautious of inaccuracies and delays as Zillow rolls out this update across its apps and website.

Klarna Evaluates Share Sale Before US Listing

gfmag.com

Klarna Group, a leading European payment solutions company, is considering a secondary share sale as it prepares for an initial public offering in the US slated for 2025. Despite experiencing a peak valuation of $45.6 billion in July 2021, Klarna's market value decreased to approximately $6.7 billion in July 2022, following changes in consumer behavior post-pandemic. With a current valuation nearing $20 billion, Klarna's US presence has become its largest revenue source, facilitated by its in-house developed core payment solutions through Klarna Bank, licensed since 2017. The anticipated IPO is set to advance Klarna’s global growth, with expectations of it being one of the largest listings in 2025, aided by major investment banks advising on the deal.

Trump Media Faces Major Losses Ahead of Lockup Expiration

Yahoo Finance

Trump Media & Technology Group Corp. has experienced a significant decline in stock price, plummeting 69% since May 9 and currently valued at less than $3.4 billion, down from nearly $10 billion. As the lockup period from its blank-check deal approaches its end, insiders are poised to sell shares, potentially exacerbating the downward pressure on the stock, which has already fallen in 22 out of 27 trading sessions recently. The company's struggles are highlighted by a reported loss of over $16 million in the second quarter and under $1 million in revenue, while competition for attention intensifies with Trump's return to the platform X and rising poll numbers for Vice President Kamala Harris. The stock's volatility, previously surging as high as $79.38, now reflects a speculative landscape that may affect Trump's effort to realize profits from his equity stake amid ongoing market uncertainty.

 📈 Stocks / Finance

C3ai Shares Drop 11% Despite Revenue Growth and Contract Gains

Yahoo Finance

C3.ai experienced an 11% decline in stock prices following its fiscal first-quarter earnings report, which featured disappointing guidance despite a 21% revenue increase to $87.2 million that surpassed expectations. The company closed 71 agreements, marking a 122% year-over-year growth, and achieved its sixth consecutive quarter of revenue acceleration. However, C3.ai continues to face challenges in reaching profitability, as it reported a GAAP operating loss of $72.6 million, slightly improved from the previous year, and an adjusted per-share loss of $0.05. Looking forward, the company anticipates revenue growth for the second quarter but expects an increase in adjusted operating losses, leading to investor skepticism about its long-term viability.

Zest Introduces Yield-Bearing BTCz Token in Bitcoin DeFi Market

Coin Telegraph

Binance Labs and Zest Protocol have launched the BTCz token, enabling Bitcoin holders to earn staking yields via the Babylon Protocol. Co-founder Tycho Onnasch emphasized BTCz's potential to enhance capital efficiency for Bitcoin within the emerging Bitcoin-native decentralized finance (DeFi) landscape. Unlike other BTC-derived assets, BTCz leverages Stacks' features for increased security, although the specific yield percentage remains undetermined, as Babylon has yet to produce its staking yield. As Bitcoin DeFi evolves, recent developments include the launch of Bitcoin-backed synthetic assets and Wrapped Bitcoin by major players, signaling a growing interest in DeFi solutions for Bitcoin.