More signs the tech IPO logjam is breaking. Another cheap new AI model from China. Would you pay 20 THOUSAND dollars a month to use an OpenAI agent? The umpteenth foldable iPhone rumor, though this time with dates. And let me introduce you to YouTube Premium Lite.

Sponsors:

• LinkedIn.com/ride

Links:

• Klarna to File for $1 Billion-Plus IPO as Soon as Next Week (Bloomberg)
• Discord in Early Talks With Bankers for Potential I.P.O. (NYTimes)
• Alibaba’s new open source model QwQ-32B matches DeepSeek-R1 with way smaller compute requirements (VentureBeat)
• OpenAI Plots Charging $20,000 a Month For PhD-Level Agents (The Information)
• Google Search’s new ‘AI Mode’ lets users ask complex, multi-part questions (TechCrunch)
• Kuo: Apple's First Foldable iPhone to Feature Book-Style Design, Sell for Over $2,000 (MacRumors)
• New M4 MacBook Air fixes the line's biggest problem (Apple Insider)
• YouTube launches a $7.99 per month, ad-free Premium Lite subscription (TechCrunch)
• YouTube Music hits 125 million subscribers, adding 2m subs per month on average over the past year (Music Business Worldwide)

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