Top stories today:

1. OpenAI closes record $122B round at $852B post-money valuation
2. Anthropic says Claude Code source code leaked due to human error
3. Meta unveils $499 Ray-Ban Blayzer, Scriber with prescription support
4. H Company unveils Holo3 AI models, saying it rivals GPT-5.4, Opus 4.6
5. Saronic, autonomous ship maker, raises $1.75B at $9.25B valuation
6. UAE pushes to reopen Strait of Hormuz, willing to join fight

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. OpenAI closes record $122B round at $852B post-money valuation

• SoftBank co-led the round alongside a16z, D.E. Shaw Ventures, MGX, TPG, and accounts advised by T. Rowe Price.

  • Microsoft also participated.

  • $3B came from individual investors.

• $2B in monthly revenue, OpenAI said, adding it generated $13.1B in 2025.

• Feb.: $110B in commitments were announced, including up to $50B from Amazon, $30B from NVIDIA, and $30B from SoftBank.

• The revolving credit facility expanded to $4.7B, backed by JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, and Wells Fargo, among others.

3. Anthropic says Claude Code source code leaked due to human error, no breach

Claude Code source code appeared on GitHub due to a leak:

• Anthropic accidentally leaked part of the internal source code for Claude Code.

• “No sensitive customer data or credentials were exposed,” an Anthropic spokesperson said.

• The leak was caused by a packaging issue, the company said.

• The exposure could give competitors insight into how the coding tool was built.

• “We’re rolling out measures to prevent this from happening again,” Anthropic said.

• Last week: details of Anthropic’s upcoming AI model and other documents appeared in a publicly accessible data cache.

5. Meta unveils $499 Ray-Ban Blayzer, Scriber smart glasses with prescription support