WSJ Tech News Briefing – TNB Tech Minute: NYSE Owner to Make Up to $2 Billion Investment in Polymarket

Date: October 7, 2025
Host: Zoe Culkin

Episode Overview

This Tech Minute episode spotlights three major news items in the tech world:

• A landmark $2 billion investment by Intercontinental Exchange (ICE), owner of the New York Stock Exchange, into Polymarket, a crypto-based prediction market.
• A collaboration between Anthropic and IBM to integrate AI models into enterprise software.
• Jaguar Land Rover's production setbacks and sales decline following a significant cyberattack.

Key Discussion Points & Insights

1. ICE's $2 Billion Investment in Polymarket

[00:04 – 00:30]

• Announcement: ICE plans to invest up to $2 billion in Polymarket, valuing the crypto-based prediction market platform at approximately $8 billion.

• Significance:

  • This deal boosts Polymarket’s credibility and supports its ambitions to “re-establish a U.S. presence.”
  • ICE’s investment will be in cash, and ICE will become a distributor of Polymarket’s “event-driven data.”

• Validation: This move confirms prior Wall Street Journal reports about the deal.

  “The deal confirms an earlier report by the Journal and could enhance the platform's credibility while aiding in its efforts to re establish a U.S. presence.”
  — Zoe Culkin [00:13]

2. Anthropic and IBM AI Collaboration

[00:31 – 00:49]

• Partnership Details: Anthropic’s Claude AI models will be integrated into IBM’s enterprise software, making IBM’s "latest integrated developer environment the first product" with direct Claude AI support.

• Expansion: IBM will broaden its use of autonomous AI agents within its systems, with plans to extend Claude integration to more software products soon.

• Financial Terms: Details of the transaction were not disclosed.

  “IBM will also expand its use of AI agents that can perform tasks independently, and it said it'll add Claude into more of its software soon.”
  — Zoe Culkin [00:40]

3. Jaguar Land Rover Cyberattack and Sales Impact

[00:50 – 01:08]

• Incident: A cyberattack in late August forced Jaguar Land Rover to shut down production, which only recently resumed.

• Sales Drop:

  • Wholesale volumes fell 24% year-over-year for the quarter.
  • Retail sales decreased by 17% in the same period.

• Recovery: Manufacturing operations started ramping up again last week.

  “The automaker reported that wholesale volumes in the second quarter fell 24% on the year, while retail sales in the quarter fell 17%. … plans to further ramp up this week.”
  — Zoe Culkin [00:54, 01:05]

Notable Quotes & Moments

• “ICE says it'll pay in cash and it'll become a distributor of Polymarket's event driven data.” — Zoe Culkin [00:16]
• “IBM’s latest integrated developer environment [is] the first product in which Anthropic's Claude AI models will be directly available.” — Zoe Culkin [00:36]
• “The company finally resumed some manufacturing operations last week after the cyberattack in late August and plans to further ramp up this week.” — Zoe Culkin [01:05]

Timestamps for Key Segments

• 00:04 — ICE’s $2B Polymarket investment announcement
• 00:31 — Anthropic & IBM AI deal details
• 00:50 — Jaguar Land Rover’s sales slump post-cyberattack

This fast-paced Tech Minute provides critical updates on financial investments, AI advancements, and the ongoing cybersecurity challenges facing major industries—offering a concise pulse of the day’s top stories in technology.