Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno is expected to raise $250M+ (Axios)
Axios: Sources: Bond Capital is leading a new investment for AI startup Suno, which would value it at ~$5B, up from $2.45B last fall; Suno
How Anthropic’s ongoing discussions with the Vatican about ethics and AI led to Christopher Olah being invited to Pope Leo’s unveiling of an encyclical on AI (Jack Jenkins/RNS)
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SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B (New York Times)
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Source: Shein is acquiring US DTC brand Everlane from its majority owner, L Catterton, in a $100M deal; Everlane sought funding to clear ~$90M in debt (Lauren Sherman/Puck)
Lauren Sherman / Puck: Source: Shein is acquiring US DTC brand Everlane from its majority owner, L Catterton, in a $100M deal; Everlane sought funding
OpenAI adds remote access to Codex in the ChatGPT mobile app, letting users control Codex sessions running on a connected computer directly from a phone (Zac Hall/9to5Mac)
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Satya Nadella says Elon Musk never contacted him with concerns that Microsoft’s investments in OpenAI violated any special terms or commitments (CNBC)
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EU warns that VPNs are being used to bypass online age-verification systems, calling their use “a loophole in the legislation that needs closing” (Alex Lekander/CyberInsider)
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EA reports Q4 net bookings up 3.6% YoY to $1.86B, vs. $2B est., weighed down by a post-launch drop-off in engagement for Battlefield 6 (Anhata Rooprai/Reuters)
Anhata Rooprai / Reuters: EA reports Q4 net bookings up 3.6% YoY to $1.86B, vs. $2B est., weighed down by a post-launch drop-off in engagement
after Trump’s World Liberty raised $550M from investors, tokens worth hundreds of millions in USD were privately sold in “white glove” transactions (Olga Kharif/Bloomberg)
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Alphabet reports Q1 revenue up 22% YoY to $109.9B, vs. $107.2B est., Google Cloud revenue up 63% to $20B, vs. $18.05B est., net income up 81% to $62.58B (Alphabet)
Alphabet: Alphabet reports Q1 revenue up 22% YoY to $109.9B, vs. $107.2B est., Google Cloud revenue up 63% to $20B, vs. $18.05B est., net income
