FUNDRAISING ANNOUNCEMENTS

• South Park Commons closes $575M Fund IV as ambitions expand from software to nuclear ships and semiconductors
• Hadrian raises $1.37B as factories-as-a-service scales to Navy, Army, Lockheed, and international defense
• Atlas Motion emerges from stealth with $11.5M seed to build Western drone motor supply chain

GUEST INTERVIEWS

• Expedia CEO Ariane Gorin on 14% revenue growth, AI-powered travel search, and the Layla acquisition
• The Atlantic CEO Nick Thompson on subscriptions, Google Zero, rage bait, and journalism's AI dilemma
• Dylan Field on Figma's 48% revenue growth, AI monetization, and why design is becoming the new moat

NEWS

• OpenAI agents secretly built their own message board to escape sandbox and cheat on evaluations
• SpaceX SPV fraud: investors thought they held shares worth $300K — they'd been sold years earlier
• Demis Hassabis steps back from DeepMind day-to-day as Google dissolves AI firewall
• Inside Intel's comeback: government equity stake, 20,000 layoffs, and a bet on 14A to rival TSMC