Silicon Valley is building its own news-industrial complex
Add Axios as your preferred source to
see more of our stories on Google.
One of Silicon Valley's most powerful venture firms helped launch a 24/7 livestream on X Monday, joining a wave of tech money piling into the news cycle as the internet's hottest new asset class.
Why it matters: "Monitoring the Situation" — the theme of Polymarket's pop-up D.C. bar, and now the name of a new show (MTS) funded by Andreessen Horowitz — has become one of the most viral and lucrative memes in tech.
- The phenomenon sprouted from Elon Musk's X, a platform now dominated by independent creators, amateur intel analysts and prediction markets that treat real-time news as a spectator sport.
- A permanent breaking-news cycle, including President Trump's second term, the Iran war and daily AI shocks, has made the news itself a product — something to trade, clip and monetize.
Zoom in: Backed by a roster of angel investors, MTS is being pitched as Silicon Valley's answer to cable news — a 24/7 livestream of elite X users reacting to real-time headlines, like Apple CEO Tim Cook's surprise exit.
- A16z co-founder Marc Andreessen, a prominent figure in MAGA's tech alliance, framed MTS as a tool for "sense-making" in an era he calls "incredibly complex and erratic."
- Skeptics were quick to mock the format as a well-funded livestream of venture partners switching tabs between X, prediction markets and Wikipedia.
The big picture: Legacy media is shedding jobs, audiences and relevance. An emboldened tech ecosystem, deep-pocketed and fast-growing, is racing to replace it.
- Kalshi and Polymarket now command valuations in the tens of billions, fueled by bettors trading record volume on everything from the Iran war to the best new AI model.
- OpenAI this month reportedly paid in the low hundreds of millions for TBPN, a buzzy livestreamed tech talk show now reporting to Sam Altman's top political operative, Chris Lehane.
The intrigue: A new Peter Thiel-backed startup called Objection.AI aims to go even further, letting users pay to challenge news stories and have them judged by a mix of human investigators and AI.
