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Top stories today:
- Meta tests paid AI tiers, rolls out Plus plans globally
- Dell wins $9.7B U.S. military deal for Microsoft 365, cloud software
- Cognition AI raises $1B+ at $26B as revenue run rate jumps to $492M
- OpenAI unveils election partnerships, backs anti-deepfake legislation
- Snowflake Q1 revenue +33% YoY, commits to spend $6B on AWS
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Meta tests paid AI tiers, rolls out Plus plans for Instagram, Facebook, WhatsApp globally
Meta stock closed +4% Thu. on the announcement:
Meta One Plus ($7.99/mo) and Meta One Premium ($19.99/mo) are the two AI subscription tiers.
Businesses and creators also got two tiers: Meta One Essential ($14.99/mo) and Meta One Advanced ($49.99/mo).
Meta AI subscriptions are rolling out in Singapore, Guatemala, and Bolivia, with more countries planned later.
Free image and video generation will remain available with usage limits.
Instagram, Facebook, and WhatsApp Plus plans were previously in testing.
Separately, Meta launched an Enterprise Solutions unit to boost adoption of its AI tools.
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3. Dell wins $9.7B U.S. military deal for Microsoft 365, cloud software
Dell Technologies stock +4% in after-hours trading on the announcement:
Dell Federal Systems won the contract after a competitive process, DOD CIO Kirsten Davis and acting Navy CIO Barry Tanner said.
The Pentagon will use the deal to centralize procurement for Microsoft enterprise licenses.
Dec.: Michael Dell pledged $6.25B to fund āTrump accounts.ā
Dell also joined Trumpās Council of Advisors on Science and Technology.
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5. Cognition AI raises $1B+ at $26B valuation as revenue run rate jumps to $492M
