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Sources: OpenAI leans toward holding off its IPO until 2027 after warnings that Sam Altman's desired $1T valuation may not be met in current market conditions (New York Times)
Source: Muon Space, which operates satellite networks for climate and national security monitoring, is raising $250M; it has raised ~$181M since its 2021 launch (Alan Neuhauser/Axios)
Coram AI, which helps organizations use AI with their existing security equipment to find incidents, raised a $35M Series B, bringing its total funding to $66M (Rya Jetha/Business Insider)
KKR launches Helix Digital, a new company to finance AI infrastructure, with $10B+ in committed capital from Nvidia, the Kuwait Investment Authority, and others (Brian Fagioli/NERDS.xyz)
Sources: SpaceX's IPO has attracted $70B+ in orders from retail investors, who are expected to be allocated at least 20% of the available shares (Bloomberg)
Sources: Google is in talks with Samsung to manufacture a memory input-output die for its 10th-gen Icefish TPU, while making the computing engine at TSMC (Qianer Liu/The Information)
DoorDash launches an in-app AI chatbot to let users order food and groceries and make reservations with photos and prompts (Samantha Subin/CNBC)
Anthropic donates $150M to launch Claude Corps, a fellowship program that will teach 1,000 fellows how to use Claude and place them with nonprofits in the US (Glenn Gamboa/Associated Press)
Digital Asset, which builds Canton Network, a public blockchain with privacy features, raised $355M, including $100M from a16z crypto (Bloomberg Law)
Nvidia and Abridge, maker of an AI note-taking app for doctors, are training an AI model for clinical conversations using de-identified data and Nemotron models (Belle Lin/Wall Street Journal)
Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A (Dan Primack/Axios)
Apollo Global has implemented a new risk assessment that categorizes software investments into 12 to 14 sectors to rank their susceptibility to AI disruption (Hannah Webster/Bloomberg)
Amazon says its data centers used ~2.5B gallons of water in 2025, or 0.12 liters of water per kWh, and water use at sites it owns and operates fell 2% from 2024 (Anvee Bhutani/Wall Street Journal)
Crusoe said it had "paused" a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable (Bloomberg)
The US House fails to extend FISA's Section 702, ensuring the warrantless surveillance program will expire for the first time since its 2008 enactment (Politico)
OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort (Seth Fiegerman/Bloomberg)
Citigroup launches a blockchain-based platform for wealthy and institutional clients to trade tokenized shares of private firms, initially for foreign investors (Gina Heeb/Wall Street Journal)
Cybersecurity researchers complain that Claude Fable's guardrails are too strict, rejecting "innocuous tasks" like reading blog posts or performing code reviews (Lorenzo Franceschi-Bicchierai/TechCrunch)
OpenAI and Visa partner to let AI agents make purchases online after users give their permission and to explore enterprise applications for AI-driven payments (Paige Smith/Bloomberg)
An essay on policy responses to AI's exponential progress across regulation and public safety, macroeconomics and taxes, science, civil liberties, geopolitics (Dario Amodei)

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