A look at SpaceX's potential IPO, which reportedly aims to raise up to $50B at a $1.75T valuation, more than 7x higher than its ~$200B valuation in October 2024
Star Trek's warp drive allows a starship to bend space-time and exceed the speed of light without breaking Einstein's general theory of relativity.
NYSE parent company ICE invests in crypto exchange OKX at a $25B valuation, without sharing the investment's size or terms, and will take a seat on OKX's board
Sources: the UK plans to delay making copyright rule changes for AI training after responses to its two-month consultation did not favor any of its proposals
Government goes back to drawing board after its proposals triggered backlash from creative industries
Sources: the US used Palantir's Maven Smart System, integrated with Claude, to find and prioritize 1,000 targets within the first 24 hours of its attack on Iran
OpenAI's “red lines” in its DOD agreement effectively adopt the words that the NSA has redefined over decades to permit the very things they appear to prohibit
Within hours on Friday, the Pentagon blacklisted one AI company for refusing to drop its safety commitments on surveillance …
An OpenAI spokesperson says Sam Altman misspoke in saying OpenAI was looking to deploy on all NATO classified networks, adding he meant “unclassified networks”
Hyunsu Yim /Reuters:
All-hands: Sam Altman says OpenAI does not “get to make operational decisions” regarding how the US DOD uses its tech, and the Pentagon respects its expertise
Ashley Capoot /CNBC:
All-hands: Sam Altman defends OpenAI's US DOD deal, calls the backlash “painful”, and says OpenAI is looking at a deal to deploy on all NATO classified networks
Startup's deal to do classified work with Defense Department drew backlash from staff and other AI researchers
Sources: in the EU, US criticism over censorship has been met with disbelief and anger, and some Big Tech lobbyists acknowledge US accusations are overstated
EU efforts to regulate the digital sphere are under attack from the Trump administration and, increasingly, Silicon Valley
Sam Altman says OpenAI amended its DOD contract to ensure “the AI system shall not be intentionally used for domestic surveillance of US persons and nationals”
Sam Altman says company is working with defence department on provisions covering mass surveillance
Sources: Jeff Bezos' Project Prometheus is raising tens of billions to buy companies hit by AI; it was valued at ~$30B in November 2025 when it raised $6.2B
Project Prometheus in new talks with Abu Dhabi and JPMorgan over vehicle to buy up businesses disrupted by the technology
Sources: DOD was in talks with leading AI companies about building AI tools to automate reconnaissance of China's power grids, utilities, and sensitive networks
Financial Times:
An Evercore ISI economist criticizes Citrini's AI report, calling its assumptions “extreme and improbable”, but says it's a thought-provoking exercise
An Evercore ISI economist criticizes Citrini's AI report, calling its assumptions “extreme and improbable”, but says it's a thought-provoking exercise
Most of the sell-side has remained hilariously silent at a mere Substacker seemingly shaking markets, even though the anguish and frustration is almost palpable.
Uber launches Uber Autonomous Solutions, offering services like insurance, roadside assistance, and “AV mission control” tools, and will offer fleet financing
Uber launches Uber Autonomous Solutions, offering services like insurance, roadside assistance, and “AV mission control” tools, and will offer fleet financing
App says new operation will boost commercialisation of AVs — Uber has set up a new initiative to serve a growing number …
Klarna reports Q4 revenue up 38% YoY to $1.08B, a $26M net loss, down from a $40M net profit in Q4 2024, provision for credit losses up 59%; KLAR drops 26.9%
Sources: Amazon's AI tools have caused at least two AWS outages, including a 13-hour disruption in December; Amazon says it was “user error, not AI error”
Tech giant blames ‘user error, not AI error’ for incident in December involving its Kiro tool — Amazon's cloud unit has suffered …
Klarna reports Q4 revenue up 38% YoY to $1.08B and a $26M net loss, down from a $40M net profit in Q4 2024; KLAR is down 66%+ since its September 2025 NYSE IPO
Swedish fintech's shares have sunk since September's IPO — Klarna swung to a $26mn net loss in the last three months of 2025 …