Good Morning!

Final World Cup game tomorrow - which side are you on 🇪🇸 or 🇦🇷?

What You Missed This Week:

1.  📊 Databricks Hits a $188B Valuation

The AI halo keeps lifting Databricks. The data-and-AI company raised a new round at a $188 billion valuation, led by Coatue, up from $134 billion just five months ago, and $62 billion at the end of 2024. The company didn't disclose the raise size and says the round won't close until later this summer. The run caps an 18-month reinvention from big-data SaaS into an AI provider, helped by products like its Lakebase agent database and its public embrace of cheaper open-weight models for cost control. (TechCrunch)

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3. ⌨️ OpenAI Debuted its First Branded Hardware

OpenAI’s first branded device is finally here. The $230 Codex Micro is a specialized, RGB-lit mini-keyboard designed to let users monitor and quickly interact with multiple Codex agents with a glance and a few clicks. The device is a “limited-run collaboration” with Work Louder, which sells a similar Creator Micro line of customizable keyboards for creative professionals. (ArsTechnica)

4. 🏦 Stripe & Advent Submitted a Bid to Buy PayPal for $53.4Bn

Stripe and private equity firm Advent International reportedly submitted a joint bid to acquire PayPal earlier this month. The deal is valued at approximately $53.4 billion with roughly $50 billion backed in committed bank financing. If completed, the acquisition would unite two of the biggest names in digital payments with Stripe and Advent jointly owning PayPal. (TechCrunch)

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6.  👑 Apple Passed Nvidia to Become the World’s Most Valuable Company

Nvidia has been dethroned. Apple reclaimed its position as the world’s most valuable company today, overtaking Nvidia as its market market capitalization climbed to $4.9 trillion against the AI chipmaker's $4.8 trillion. Apple is reclaiming the top spot for the first time since April 2025. Nvidia has been holding the seat since last June when it overtook Microsoft. (Quartz)

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