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Meta tests paid AI tiers, rolls out Plus plans for Instagram, Facebook, WhatsApp globally

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Top stories today:

  1. Meta tests paid AI tiers, rolls out Plus plans globally
  2. Dell wins $9.7B U.S. military deal for Microsoft 365, cloud software
  3. Cognition AI raises $1B+ at $26B as revenue run rate jumps to $492M
  4. OpenAI unveils election partnerships, backs anti-deepfake legislation
  5. 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 today’s 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:

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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 “Trump accounts.”

  • Dell also joined Trump’s 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

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