Defense tech profits remain elusive, AI megadeals are getting bigger, and geopolitical tensions are putting massive tech investments at risk. Subscribe now for just $299 and save 25% on the first year.

Key highlights:

• Anduril projects $4.3 billion in sales this year but expects $1.2 billion in operating losses.
• Amazon's potential $50 billion OpenAI investment could hinge on an IPO or the arrival of AGI.
• The Iran war could disrupt more than $300 billion in planned AI investments across the Gulf.

Valuations and Fundraising

Exclusive Anduril Forecasts More Than $4 Billion in Sales, $1 Billion in Losses By Cory Weinberg

Exclusive Autonomous Warship Startup Saronic Raising at $7.5 Billion Valuation By Cory Weinberg and Katie Roof

Exclusive Nvidia Cloud Ally Together AI in Talks to Raise at $7.5 Billion Valuation By Valida Pau, Stephanie Palazzolo and Anissa Gardizy

True Value What Investors Are Missing About ServiceNow By Anita Ramaswamy

Exclusive Anduril Discusses New Funding at $60 Billion-Plus Valuation By Katie Roof, Valida Pau and Cory Weinberg

Exclusive OpenAI Selects Law Firms Cooley, Wachtell for IPO Prep By Valida Pau and Sri Muppidi

Capital and Mega Deals

Exclusive Amazon's $50 Billion Investment in OpenAI Could Hinge on IPO, AGI By Sri Muppidi, Anissa Gardizy and Aaron Holmes

Exclusive OpenAI Is Finalizing First Commitments for $100 Billion Mega Round By Sri Muppidi

What Amazon and Microsoft Will Win or Lose From OpenAI's New Deals By Aaron Holmes, Catherine Perloff, Stephanie Palazzolo, Anissa Gardizy, Valida Pau and Shane Burke

Exclusive Anthropic Could Share Up to $6.4 Billion With Amazon, Google and Microsoft in 2027 By Sri Muppidi and Catherine Perloff

Global Spending and Investments

Iran War Imperils $300 Billion in Gulf AI Spending By Miles Kruppa

Opinion Let's Spend $10 Trillion on AI That Improves the Real World, Not Just Ads By John Hanke