Google
Edit File: 1774779204.M905184P4172078.server-619288.prediksijaya.com,S=86865,W=88560
Return-Path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com> Delivered-To: angker@server-619288.prediksijaya.com Received: from server-619288.prediksijaya.com by server-619288.prediksijaya.com with LMTP id bAnQNUT7yGkuqT8Af7/9AQ (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) for <angker@server-619288.prediksijaya.com>; Sun, 29 Mar 2026 17:13:24 +0700 Return-path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com> Envelope-to: vetyl@ponjosonek.com Delivery-date: Sun, 29 Mar 2026 17:13:24 +0700 Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:41746) by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256 (Exim 4.99.1) (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) id 1w6n91-0000000HVIH-3g1O for vetyl@ponjosonek.com; Sun, 29 Mar 2026 17:13:24 +0700 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=news.pitchbook.com; h=content-transfer-encoding:content-type:date:from:mime-version:subject: list-unsubscribe:to:cc:content-type:date:from:subject:to; s=s1; t=1774779143; bh=JCO9MSXAAiEyEQ14CkuBJeZYnBstEmvmsjwpDgTk1AM=; b=fLVsLArkejhmd6icilG6t2M+f/gRXT4j9KpVZWImkPtixuJhclJYlSBsVfVZVGBN1JXh TAH8a6NaaEm76obc8sSI4hJs5JtllsfalBGokFf/S4aZQQbSVdI06cq3nmZUgMQo9as+M/ 4JpaHFDCSMjCwCW9Ka4z+sjl80BkF1i4p/kzLz2WdRDHPJ5I/4lgg4VLf1WjaabuN61i5t Y4JqzdlYDaAdXG8X9X2InB8OMTMD7RA0Lm+Z9Mp97a1lAmJgRIVWmcI3CbDy3Q/iBcqbZO M9IQxlvqwWAFlEImNjf7kik3oPRvv9CkxK9QzrYa2lSmuYrI4WrbXGyowy+yG6DQ== Received: by recvd-648b4c9bb6-48bz7 with SMTP id recvd-648b4c9bb6-48bz7-1-69C8FB05-4B 2026-03-29 10:12:21.87607989 +0000 UTC m=+1695421.879961925 Received: from Mjg0NTYxMDY (unknown) by geopod-ismtpd-3 (SG) with HTTP id OjaQ3T3BQIqAt5fBco7IPw Sun, 29 Mar 2026 10:12:21.841 +0000 (UTC) Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Date: Sun, 29 Mar 2026 10:12:23 +0000 (UTC) From: PitchBook News <news-noreply@news.pitchbook.com> Mime-Version: 1.0 Message-ID: <OjaQ3T3BQIqAt5fBco7IPw@geopod-ismtpd-3> Subject: Sora shuts, but AI video isn't over List-Unsubscribe: =?us-ascii?Q?=3Chttps=3A=2F=2Fcontent=2Epitchbook=2Ecom=2Fnewsletter=2Funsubscribe=3Feid=3DUK23?= =?us-ascii?Q?EBU6P5WAW&em=3DX65PN7GSJDIPRVZXJSN5XGVXL3?= =?us-ascii?Q?AFLT7KSBPM3DI&ent=3DEEDOFVR6FKF66=3E?= X-SG-EID: =?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?= =?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2FioQ8lJmXfp75?= =?us-ascii?Q?+3Lx88MTYGNn5If8frg+R0ikfZiqjdWh5d5k+2r?= =?us-ascii?Q?gqrpHH4WGt8wDvL6V3DiTdU+sdrysbxh+ISbx3S?= =?us-ascii?Q?pRh4=2FEHT82PERGttOHhBUvDBp1V7eg2SsVoJIbt?= =?us-ascii?Q?g666eotg=2FtHMczjk25iDuCea2A0+GhBlPtqWtC6?= =?us-ascii?Q?=2FzFE?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3BkHPbHrJeuGPzvOHsWsFDrWeFBXkcRaExZ6jt?= =?us-ascii?Q?9Tg5uTf=2FS0oQ+KIXqhAdvASkASwAL8qivRefKeQ?= =?us-ascii?Q?D10qCihTBv+KZXe6KNKld5Vdx+=2FKTeVkjLBQ4ar?= =?us-ascii?Q?Ar6FexW834Lov7TsAsQLV+M1kJHvnePuxUkmi2K?= =?us-ascii?Q?9iXvDknOEf5zrzSFaAdFevKThVaE81QBB+sk7HP?= =?us-ascii?Q?qYgrvjvqyA3a6y+inZ92q0vW=2FaKOmZRN0IqgaMu?= =?us-ascii?Q?dwVn1DH3akLTBYWG=2FltjJXvZHBuBHIOkoxcDpSf?= =?us-ascii?Q?qgeTZOV0EkQ8sw=2FjZQSXaM4xz8VQW2LUSGETLnT?= =?us-ascii?Q?kZVt2W=2Fg8UBiBvxw913booFrimYRu+h+iYdt0sP?= =?us-ascii?Q?=2F68CkE5cEpAcS1S?= To: vetyl@ponjosonek.com X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ== X-Spam-Status: No, score=0.5 X-Spam-Score: 5 X-Spam-Bar: / X-Ham-Report: Spam detection software, running on the system "server-619288.prediksijaya.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Also: The big sports betting spat, European hopes for the AI space & more March 29, 2026 | Read online | Manage your subscription The Weekend Pitch (NurPhoto via Getty Images) Earlier this week, Open [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. [159.183.175.69 listed in list.dnswl.org] 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in bl.score.senderscore.com] 0.0 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-trusted.bondedsender.org] 0.0 RCVD_IN_VALIDITY_SAFE_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-accredit.habeas.com] 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URI: pitchbook.com] -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 0.0 HTML_MESSAGE BODY: HTML included in message 0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8"> <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"> <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D= 1.0"> <meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x= ml> <o:OfficeDocumentSettings> <o:AllowPNG/> <o:PixelsPerInch>96</o:PixelsPerInch> </o:OfficeDocumentSettings> </xml><![endif]--> <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]> <style type=3D"text/css"> table { border-collapse: collapse; } body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Also: = The big sports betting spat, European hopes for the AI space & more </s= pan></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">March 29, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW1ViAnkOraS= EePG7WIyQ2pFAVCr5UuGmkEdBXLFbTJ3g-3D-3DZZYr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO6= 1PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPj= n7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5= mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07G363nY064-2BiEIdH= 4PcxGVSeh09d1hmOXR41DSGBzGDgRftbpufTxRiH7xs7QUxwjpSSNG7hkixz2iFv3cxlje5DWIj= 18V21im3h2WiBfnmOFOOKNZpLbq1Bq05mvOa2rgqen-2BOiP5mH3dGMrDt8nHYiGoG63rgYvkqN= J9rTWKbn-2Frf9AOHr7c3QOajmwtXmUatjbXrZFD8b2mw0o23ramltKC3vbqtynSRYt-2BWw0LP= DJr389qUKC-2BsIReQI9BkidyNaz2xh0wGJY6H48STrx-2BM" target=3D"_blank" style= =3D"text-decoration: underline; color: #1D5080">Read online</a>  = ;| <a href=3D"https://url6380.news.pitchbook.com/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mt= uFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo613CQL5EKI= RNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-3DWUUx_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY= 2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwN= ewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2Frfkq= HoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07HcwhUuDS3mFme= mtoOY1KRf0idXTkw9F1YVinVrBEgajdoevF0dvNue8R9JWfsRe3Y7IgPSt5JmtXwPFB5flWzCKt= y-2FP-2BTYRwE1AnT2Qou5hZzP-2BcVxb09eANMmh64djFsleBT5tEk-2FM5RvjYwayKsNSuEkt= x8ogWa-2BkGtiA-2FKkEZIC0kzXbBj-2B8kL1-2F795ozAnyeboQY5jqL0V8lTXBq6Cl-2Br8Cf= LHLcBUf-2BFm-2FcuXjFvZYh8IJeOhu5aIjfQ6gRfz4GbijQCcdYvBy8OPwOtu" target=3D"_= blank" style=3D"text-decoration: underline; color: #1D5080">Manage your sub= scription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzW1ViAnkOraSEePG7WIyQ2pSJrPOvOTWBG-2FC1i57dhXFw= -3D-3DdKGP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5= Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNez= ubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS= 9SdU5aqhTktsRBf7APM2Jbc07GTLUUHiXCHrwIeWmgvtVR5FfiDGY6FX7s1UIeFVzlT85QalvoL= -2BVVh1qVNQYXJD1PXa-2FX-2BZWFiSer13Ict0BSWiMBge6-2FzC4w66sbO93ULKGIs3ZGi8a2= khjSBN-2F-2BXWkerrw-2ByScVKR5x9kcTgPfxV8dJPKvchaHtbbDz5r6RDp8zIszZwaIOZcrhi= -2BvN685Wllvqe1cHZ23B-2Bv1Hzmsod0rwHcWsarLiIZLVMHy275TIygyGawfIjLwXUivBQfhy= OW-2Bcqs5VRFPfG-2FUTLko4h" target=3D"_blank"> <img width=3D'1' height=3D'1'= opacity: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https= ://my.pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJ= Q6VUBAECQE7XY5D5PSLQI&emailId=3D3DTIYUVHCQTRFR2&emailName=3D3DWZSNWFXP2BBWO= BOFVVLR2CURLA&pixelPosition=3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif= '/><img src=3D"https://url6380.news.pitchbook.com/wf/open?upn=3Du001.3gwe9G= sF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSmCPqRZuyzb5tQBOnSwcKa7Lp-2FSHTNbwwt= 6o6lozXknmQoMqQsjazllZX6hyzerVXCOjeAGwSyXq8uP2cPe5Q33-2BluA4ji-2BrJBHMorvKB= d-2BzcFgVnXlt-2FclVpgrwOIICXVJl0mUtWAAFHbdZfPSGEgNgsGtN4q4p6WogadMRjtFYbICO= gkunxDDQq2pV2OlCH5Z3fVBcoxlPTtLu8rcv15BgvEgA4HxgKB-2FZmRlBYLyaQ3Tqm8n8KJIZ9= x4e1nvvbJBdHC6-2BEv33dAY4heO2gPgltXCnghppUrhupSLmC-2FCqzURmNOGSABpQlPXZ2wPA= XlJCe1oRrojPr5OdvqPhGpS41up81HUJBo-2F4TvclZc8UDalEuaLFECQAl8-2Bx-2FBGP1Q4OV= LMF1w0k6xQ5Dn-2B1umKyPhEcZJ3hZa83z1hl8ihYwC6GH9-2BqZxvD7SQuBGRQoEzp439rfhMg= a3hV29U4CjgU14r6hVfZCV8Cc3Jj7B2LFxeFePcUng9ON867-2Faa8oWP1QMXBjaSaUT77X-2Bm= x6KR0SVukWIJx2dLCVLq1-2Fow-3D-3D" alt=3D"" width=3D"1" height=3D"1" border= =3D"0" style=3D"height:1px !important;width:1px !important;border-width:0 != important;margin-top:0 !important;margin-bottom:0 !important;margin-right:0= !important;margin-left:0 !important;padding-top:0 !important;padding-botto= m:0 !important;padding-right:0 !important;padding-left:0 !important;"/><img= width=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/= pitchbook_morningstar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Weekend Pitch</s= pan></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdymKWGE6Mtk= 9yyhHHo8z6JXA-3D-3DLso4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2= By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efet= FQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5Pecx= kQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07EnjLlPWNrnNEYYUooS1stttvXfxo4Q-2FzyKA= Hukb5sFOr-2BXY-2FVddRlweaRvTZ4W63KkwDgfbBzsUD1xbRtHcMdGIWyFk366WIMpzf3QIRXA= aUk3SrKAzHTmtO8Fh1MOTmIW-2FglZ8OkOZ-2FWhml1EVY-2BA76-2BP1C74LBXSlQmUlu8BfXV= tvQsd4mHi0Y3bhp7UrJJAuttMHQoIIGC56AW31aI9YXFErXWADw2WjEwWDvkLuPqbxAZusX0FI9= 3MYhwCe8KbrkrxdNmILGGz3gTSB-2BhP" universal=3D"true"> <img align=3D"center"= alt=3D"" src=3D"https://img.pitchbook.com/news/73494.jpg" style=3D"border:= none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(NurPhoto via Ge= tty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Earlie= r this week, OpenAI confirmed it's shuttering its Sora consumer app, adding= that the move is part of a larger redirection of its resources to other pr= ojects "as compute demand grows."<br><br> While the decision=E2=80=94just three months= after Disney agreed to invest $1 billion in OpenAI and license some of its= characters to Sora=E2=80=94seemed abrupt, a closer look at video generatio= n economics provides some answers. OpenAI is also barreling toward an event= ual IPO, so a tougher look at its cash flow is in order.<br><br> Sora's initial consumer acquisition was stro= ng: monthly App Store downloads peaked in November at more than 3.3 million= . But by February, downloads had dropped to around 1.1 million, signaling l= ow user retention, according to mobile intelligence firm Appfigures.<br><br= > To industry observers, Sora seemed to rely o= n novelty to attract users but couldn't figure out how to make them stick.<= br><br> I'm Rosie Bradbury, and this is The Weekend = Pitch. You can reach me at <a href=3D"mailto:rosie.bradbury@pitchbook.com" = style=3D"color: #1D5080;" test=3D"">rosie.bradbury@pitchbook.com</a> or on = X <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdy43sY5ul0cGKSCMlF= JyCG0w-3D-3D0dtF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV= f8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA3= 7D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4= yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu= 1EIuvS9SdU5aqhTktsRBf7APM2Jbc07HB8UrJoy2DdUVF74SyZdvYQBY832gVWQtiOY6pcf2WLN= 1fO5uX2ahJtX-2B8YyGeJCtG24kv0hD40Rv8KaD8uMqlEf5aUSbAlj0cOOTrcVtvdvLPZmydteJ= 6lehoMVkyu40n0R2TpcQGOCffKcY4MYC8VLArnatPM8Oddx-2FVpf050-2FqOdj8O6JvlMnmg7F= dA0NhZRbtSevP4-2BiHptxWzsQcZuy-2BVyk-2BDdsHBZWOHy5Rhts-2FM6NP-2BG9TBHnyFyWo= iJ3YqAV-2BwkT4WXYydhBtNiM2T" style=3D"color: #1D5080;" test=3D"">@_RosieBra= dbury</a>.<br><br> "Models like Sora, they're amazing, but they= 're slow to generate the video," said Alberto Taiuti, the former CTO of AI = video model startup Luma AI, who is now building Reactor, a stealth-stage s= tartup working on real-time video AI. "So people who are not full enthusias= ts, they're not going to engage."<br><br> At the same time, the cost of running Sora h= as been hefty. OpenAI mostly subsidized queries to drive more users to the = platform. Forbes estimated that the company was burning $15 million per day= for a period of time last year on its AI video generation product alone.<b= r><br> Because every image in the frame is processe= d individually, generative video is currently many orders of magnitude more= cost-intensive than text-based models. "At minimum, every second is 60 tim= es more expensive than running a single image model, which is itself more e= xpensive than voice," said Eylul Kayin, partner at Gradient Ventures.<br><b= r> Passing on the full inference cost to the co= nsumer is a tricky proposition. "At the end of the day, just turning on a s= ingle Nvidia H100 is like, $2 an hour. For you, a regular user, that can st= ill be expensive," said Michael Lingelbach, co-founder of AI video generati= on startup Hedra.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdymKWGE6Mtk9yyhHHo8z6JXA-3D-3Dm= 883_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAra= KxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2Rx= W9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhV= IWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aq= hTktsRBf7APM2Jbc07FxP6wLPozjkOoKWmouvOq0fngcK-2BoTeVDkpq12sdd7FvIJQrMvR6ayc= GCAPo3Dj2XkRO1-2BUK23HxhkMAtHacG1LyCf4ANCSYL0oA-2B1MME5Sum7Uw1dgq6rZ7GAh9vn= LVDms8APfMczRKiDG-2FZW5Fdw1eEs05GOt1Jt4B5kt0yE3svGQp91dl32wN56QJPmJ64QHgGIS= OWfc9FIqLsPfg6bXfkn07dDHbj5uaXTzL3P6t3N5wMxN4XmKAMf-2F6i7B8bGJs6-2BqJcfgZId= 88eVSh3X" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px;= text-decoration: none; color: black; padding-left: 3px" target=3D"_blank" = universal=3D"true">Read more<img height=3D"24" src=3D"https://fonts.pitchbo= ok.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-= left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from PitchBook</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579099" id=3D"n_579099" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Put your brand in front of the= private market professionals who matter most </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PitchB= ook helps companies reach investors, executives, and dealmakers through hig= h-impact advertising and bespoke research. Partner with our analysts to cre= ate data-driven content or connect with our audience through targeted place= ments across newsletters, reports, and PitchBook.com.<br><br> Clear insights. Trusted data. Meaningful rea= ch.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyXC0t5y7= jueNzHJKfw9drQg-3D-3Dhmzb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3= -2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3ef= etFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5Pe= cxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07GRXtWsYGBA9bohM7PVXkZ0XFN2WyXA49O1r= 7xN077U45HyUjH9UmZxC6tJ-2FAWGvG0TNOWn3XtIfytVcVccSL6XsHT1skJfBihDPJOy6k8znO= XNnNQEMCAV-2FJKL0QSP133AKUXUXYAXsh77y0K1-2B8kzWY34650C3il-2BkUws5BMv1TrsROq= lOvO0ATCo7cVd7dh1vaq6SjF6iJInFMG1lr0wqBiwFZaSnkNYFxxagkjRLyeyv9o-2BMCtehFpv= MKRUBvlzZ2H53-2B4BPcDP-2BPaMxIqf" style=3D"color: #1D5080;" test=3D"">Explo= re advertising and custom research opportunities</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> = =20 <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyHeBeT4tut= lue8yXFRGQKGA-3D-3DAy5A_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2= By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efet= FQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5Pecx= kQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07EHwwwopmfctylSLKSiu0EBM-2FhxMjoxkSQdp= 1vAY1rQ29lsLKOSJ0vZ6nK7IVyJEoFBr-2BECyQTsf269n2v189IndZUP-2BYue-2Bvkfo8itzb= rjWdxvdXuM5HC6eYNo8fydZZvL2bcieR3346VKpeecMHQ0a7RHF2pWJjKQsHUdjg6dNT2hSIYHD= j-2FwEyds4bRwnWn8YvplE5vArp6v7WHUd4VYjRiMdPdpz1fEMaP62RAUz0UzoazLN-2FSQcPXO= R82LQOtPlH4ajoxJdy1uesIO-2BoYW" universal=3D"true"> <img align=3D"center" a= lt=3D"" src=3D"https://img.pitchbook.com/news/73485.jpg" style=3D"border: n= one; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(NurPhoto/Getty = Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">After = Arizona's attorney general filed the first-ever criminal charges against Ka= lshi, the prediction market startup was in talks for a $1 billion round at = a $22 billion valuation, The Wall Street Journal reported. Sports betting a= pp FanDuel was acquired by Flutter Entertainment last year in a deal that v= alued the company at how much?<br><br> A) $11 billion<br> B) $21 billion<br> C) $31 billion<br> D) $41 billion<br><br> Find your answer at the bottom of The Weeken= d Pitch!</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>ICYMI</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A sele= ction from our most-read articles of the past few days.=20 <ul> <li><b>Larry Fink says Social Security needs = a revamp.</b> The BlackRock chief executive called for Social Security fund= s to be invested in a broader range of wealth-generating asset classes. <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyBxdfTitO1VI6wZ3nh= 1h5rg-3D-3DG6zl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37= D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4y= ByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1= EIuvS9SdU5aqhTktsRBf7APM2Jbc07H-2FntIeTQsxrOyNO-2BdgL-2Fk4lNvMv0OTn8O8Pw3FU= uhKXgysq1OqFCbav0JQfPnQSCh2qUDOK87oXhoc7gSZeSiwsli7wGGDzvWvBqEhMLDcDCS-2B-2= F-2BToLQR3eS3fuapQhaI0nETmbwh7XsLR7fNOWoabAKCZN8uBuV5h6P4F8d-2F3268g-2FE1Gw= FiAZBC5XuyGdN5b47j-2B7nX0wJPQxD-2F9tyoMhpuoLX9Msu2HTvqhomlIxCFAsXBAuLUEExs-= 2F-2FVxJbdSNJAn8qy8uqCJGGuDHY1E8" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true"><b>Read more</b></a><br> </li> <li><b>SPACs are narrowing in on quantum comp= uting.</b> Finland-based IQM and France-based Pasqal both announced SPAC me= rgers within weeks of each other, signaling a broader trend of SPAC activit= y in deep tech. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZ= dyursAyGqPRmxRJowWhSTo2A-3D-3Dfob1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP= -2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldi= z5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8= DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3b= Eufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07GPQaIgwkHxeA-2BEy5E-2BUr9k= MzDqjzZPwnyABYTbuVqxi2KglJslV6nBnkunKcdJ2tcae7SMeAMJseHkcLPJlQf33lCELFiImy3= 7MGHW4Ex35-2FsaiuWjqeL5UwZZ1EsIWOVgBzopDg6QCAI42oX9hZtXUB5BMg4xxzmbn31lzmsm= Nw5NzrkdKSkAfPnX2pOXV2oYhHi-2F321qqbMZVl4IIVArYJBa44e-2FoeoOTEWsgMgf6oyD2Hh= hSPnj1OOTm5DnVjo-2Fpyaj-2BjhUUsad4GblOgkS" style=3D"color: #1D5080;" test= =3D"" universal=3D"true"><b>See the article</b></a><br> </li> <li><b>What does the White House's AI regulat= ion framework mean for AI startups?</b> Federal laws could significantly im= pact the future of VC investments in AI, including a potential ban on US st= ates regulating AI. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufP= FIZZdyMBkCP8S938I0aTBvbRaqzA-3D-3D_erX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkw= Uldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQq= YWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGk= Kv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07EQHEj1UrzPC7dXBSACEE0U= zi9Q8kV-2B-2FxTEipxW-2BQbD8KxmYyKTqsM9VTi3RGhuJHTVzzOMqJsFh20iDU12q8mZKxHHC= VICKxzBdg7W-2FN-2FCDZndxhWlCnLiUf3LPysLSkOnh-2F-2B6qfUBVwQmkSHoJzNlMZFzgQXS= m1ysipVCeLeSUPbhJkJwLJ7i33da8DWaXbyL72adKANUuE6UAGbEbsy-2FA9-2FYCPiBFcZX1y-= 2Fnic-2FYE3DKNMF-2FzxpkRr3cLhJoRic-2BxZMm7qUPLrSPZzeJFTYq" style=3D"color: = #1D5080;" test=3D"" universal=3D"true"><b>Get the analysis</b></a></li> </ul></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Quote/Unquote</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =9CI see Europe being a major player in the global AI space and doing it in= the next few years, driven by physical AI. One could look at the LLM space= and say that the race is already won. But, in physical AI, the race is wid= e open, and Europe has a chance to play.=E2=80=9D<br><br> =E2=80=94Luke Alvarez, the London-based foun= der of Hiro Capital, who co-led Yann LeCun's physical AI startup AMI Labs= =E2=80=99 $1 billion seed round. As AI innovation moves past LLMs and into = physical world models, some investors think European startups can take the = lead. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001= .d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyztb3-2FR= jxFNZjmTMY1-2FtY0w-3D-3Dx-yN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5A= DG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk= 3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi= 5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07Gw8fjCTsjpYDBna0-2BWeu-2FrJB0hA3= laE5tagD-2BijRmZSkyiDVNAGDAas2-2Ft6N6QWfSNRoRENLTRp-2B0PVwQiXWvaJ-2Fp3VZMtE= hBpD3QOeYB2bP8KMVE065RH85kMPWBmuMPZ1VYYfI-2FhktcxqQ4hJKAQvztyOBZIc0xpPWc5fu= ERWMHHmYelGpGTwvqMFgAyOtA4kptJpN4ufJ6acAUUzcKuNKkHKZD93CgMhdvUl8Okqp0B74GIW= MMBtHqIh-2F7vHh0JPq1YDK17dkcMUu-2FdWMAl" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Read more</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Stay tuned</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Keep a= n eye out for these insights and research reports coming out this week:=20 <ul> <li>Q1 2026 PitchBook-NVCA Venture Monitor Fi= rst Look</li> <li>2025 South Korea Private Capital Breakdow= n</li> <li>2025 Annual US PE Lending League Tables</= li> <li>Analyst Note: AI Impact on Automotive Man= ufacturing</li> <li>Analyst Note: Impact of High Oil Prices o= n Private Markets</li> <li>Analyst Note: European AI</li> <li>March 2026 Global Markets Snapshot</li> </ul></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer= : C<br><br> Sports betting company FanDuel was acquired = for $31 billion by Flutter Entertainment in 2025. The current wave of regul= atory concerns hitting prediction market startups is not dissimilar to what= sportsbooks like FanDuel faced in the mid-2010s. Read more about regulator= y hurdles for prediction market startups <a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzXRfNOvRz1OnhnufPFIZZdyHeBeT4tutlue8yXFRGQKGA-3D-3D2nID_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5Iy= Hb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEj= ZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2v= bwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07H= LZE-2BZVDwsvDff9766wHStmeqHIMR326JfGtdQK63J21hHSr8nUH1z7mCcGc078bpGhLnOdZmC= BSj0NvFwlYNHptnSpgjptiT6ZMhLyJ-2B-2FgGd1DCC5Ru3coX7mfuZtxw-2BaCwyA-2FOdsL2Q= ypsfaS-2BUy2g8zA9EDf1Zzj40OpehaqIRuQ6bLOQLUxmiNyk04VbWXdHuSKspYVuzlkoa4rtyT= m-2BkBizXchrMedNsrBUU1OYMdvW6uHwhu-2Bx73rWI1CTs5Pwyfh5mHKGQolhd77g5y" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">here</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <center> <h2><b>Sign up for our newsletter</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e= dition of The Weekend Pitch was written by Rosie Bradbury and Nadine Manske= . It was edited by Kia Kokalitcheva and Ron Prichard.<br><br><em>Were you f= orwarded The Weekend Pitch? Sign up at <b><a href=3D"https://url6380.news.p= itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzXRfNOvRz1OnhnufPFIZZdyeWxc4udRgKslXc120SXeWA-3D-3DW2Gt_Pr966knuaHmaw6c7pK= vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2= yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZND= XieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr= 4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07GSvG= WPYFonNsarahyETniuB-2Bc6a3C1FQLU-2BNd-2B-2BQLKWQlcdkV35mg4-2BUAwItQv8C6wwTx= -2F5NWbsQ4JYockslBcxW-2FF-2FTNKxE4k5FbwSt0LmaolUJhZCi3KMX29UVXGFPtVJ-2Fcbin= X6Luj0fIFcTCmzZy9Xlr7uYd-2FzSL0uUzAD9LmmQisSObT3YpnQfqh2K-2FeRsuLuwUt-2BXra= oKDmR0qCAtyk5uP49aDREEcg9gnqbbiDsJaP5GGpJaEnm3HVQJAyjMbJG3Sl0tupC-2BKf-2BmO= E1" style=3D"color: #1D5080;" test=3D"">pitchbook.com/subscribe</a></b>.</e= m></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 33.= 3%; min-width: 33.3%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 9 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 33.3%; width: 33.3%; text-alig= n: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 163 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; width: 33.= 3%; min-width: 33.3%; text-= align: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 98 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Companies </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXRfNOvRz1OnhnufPFIZZdyq5gbAI1gZ0Q5x6bBzQbjbw-3D-3DH2E= V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKx= jU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9= MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIW= lAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhT= ktsRBf7APM2Jbc07G6ZL2bQADlZz3BOwq0vy2T9IWZ7KuEZntnK63QICDSMm0joj-2B8W8mbXfY= dkQpkPm2FD6F4hDmrImBKXSm4ZAcgJd4h-2FSl-2F3JLt5GAi-2BsMVN5va8aVqpp3KXqsuu35N= tDyKQeFzjM6Xo8guTEIfku7uSX3ALeXdCoHwhxMtUDJf4zrlTssDK7VPkvT1HxQpjqqhYtNQsoH= gzTyNif-2BurCoaArWGjifA1yihOjtHpmFHiUxKGJj0vlwHm-2B6-2B18aX-2FTLqhqg6eDHVje= FiLdqLAWdE" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px; mso-hide: all;"> = Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;"> <tbody> <tr> <td style=3D"font-family: Roboto, Arial, sans-serif; font-= size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c= enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWHUs8-2Bk3ON= WJXK3sBbI1fVg-3D-3D73Cu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2= By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efet= FQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5Pecx= kQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07GXHi1uuNzokVSkat-2BaVcmVarVdiHOtwS8YQ= UDffmxHaLZWxHtAIrP21tNuAMBfJGgmAm-2FVtrF7ENdzjpsWhheS-2BehQ39WYRCAH1zsFl1Hc= y4WVi-2F-2B8e7msUejqdz2h0pGDd5Gm1Wg5WyoGREUUmJtM-2BXv4J8GkvoyZsC64WQHSIYcEq= 1bWc9fhHB-2BtxZS5satf7dn3SeAAZ7TL4iMU0nRbYKagzWiAM-2F029gXuLM0piGt39Hvou-2B= mlg2N-2BXnpAXiDp49Ci3tqcVBvLLok6c1w1" target=3D"_blank" style=3D"text-decor= ation: underline; color: #1D5080">About PitchBook</a> | <a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWEnHPmjkYwP91-2BwUE11Macg-3D-3DTqh= j_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKx= jU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9= MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIW= lAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhT= ktsRBf7APM2Jbc07G3x-2BZ2wDRxSUko0i6FUd-2B85lsMlrYwV6fDDCc13QSXlMHY-2BkznNlD= 6k-2BqByaDzUU6F-2Bo6e7LPBhDWV8XkYlW4-2B7EdaoYa1xrnBFbX0mCgEXWalCz0HZzGr-2Fe= kBaF-2FWp81uo6WMXs6z3-2BIJyIx1fZfbFg8gi4gvxAFqyfttG-2FEJf7gANDgt6jPUlkWJgKb= s0iytXrRqwVNZwiSvldHKpDOW-2F905o2PRubcxMljd7y9f7e-2F6HFsTHB-2FIlUvOwo-2BcsX= snS-2BLszMarNPWtm1HXJdDo" target=3D"_blank" style=3D"text-decoration: under= line; color: #1D5080" universal=3D"true">Terms of use</a> | <a href=3D"http= s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWD5JpH7CDCGwF4cO5Tjqf-2BA-3D-3DR44= -_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKx= jU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9= MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIW= lAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhT= ktsRBf7APM2Jbc07EOK1lL3NgLXf4p-2BgVqPQjltaS5Nu7vpnW89qxVvsH-2F6hXW-2F-2B5Mu= uUxqKwy16MmGUVcM-2Fi0RBFq1eVF9eWNKEXztXedTNXaSlSu0Kzr0Ro69nfX98-2FcyqoUlX6H= g2wQIsjlaS7EUwr2v1Xrc08aXV2uNUWebi6Scy0LaRf6z-2Feuq-2BoOnxx4SlQ2npp2R3YNi5L= 6a-2FKl3RwAm-2FinWyXKJqu-2BI0zQcUFNRT5nZUwdSqjiKtLuZrgS8TeqdvPu1BPXHFeK8ZFJ= NeQmCiaV6DBuyyOx" target=3D"_blank" style=3D"text-decoration: underline; co= lor: #1D5080">Advertise with us</a> | <a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzUHkBAowy11XzxlrzcZavUWSWhYVYYOb4BW-2Bf9vY6XAZg-3D-3Dj_Er_Pr966knuaHmaw6c7= pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyH= b2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZ= NDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vb= wr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07G-= 2B4aBHpUQlkTNqfthqQIMtW8Qlj8J2yceVdQu5lHhLgV9-2B7GDcwB-2BExgoJhaSUlN8LYlXaW= ka6vpcsVWZMscCfnP6jRQ94gI8GC-2BfS35fUfSHP-2F1BLda6ii9eFuzzUz72HwOF-2FV2cjUD= rW0NLKlYHdxeoOmkzlbh3nNhJejnnM8W-2Fx6vCvLHWRXW8CssE40bpCGX5I8EPL-2BKayKXVK2= HAqO5SscD3R8MiRVQsfkFSFy3OsuMhmefYD-2Bsq9UTHYz5MVi81-2BChSU3mwoda-2BIMtlB" = target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080" univ= ersal=3D"true">Contact</a> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"= border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"padding: 15px 0 0;" align=3D"center"> <table cellspacing=3D"0" cellpadding=3D"0" border=3D"= 0"> <tbody> <tr> <td style=3D"padding-right: 10px; font-size: 10px;= ">Follow us:</td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWiztarFlPbajXBMHNrmox0Q-3D-3D_0ku_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-= 2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp= 4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAm= wVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTkts= RBf7APM2Jbc07H8EWchb30KWCpcPV8l7S-2BystOs9FbW6rEYZK24eocV9GqJq1pxRfqeLTo-2B= -2BBMbSHEHj1IFamwZEtMcoR92diKKkim9V-2FXAfxduLU5H-2BI0tBbSJxY6-2F7tNYvm3W984= qisr-2FberftCB3vJ-2BUPHkbp8ZBArk37EksFGCDZnWjf5UHJBi5OCUS2W-2Fstvm6sIxq1o4Y= Ur-2FJxF0Tdrg5iTHrm-2FJRbivzY7qi7OFZDou8wDdt4p9faA0-2BowuVHHmjjdeClUC4pDOpN= dL9b1DvUFZjCq-2Fm" target=3D"_blank" style=3D"text-decoration: none"> <img = src=3D"https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" he= ight=3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-al= ign: middle;"> </a></td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUHkBAowy11XzxlrzcZavUWrmpYGTbnTr0ihp7FOrTbhQ-3D-3DIiE2_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-= 2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp= 4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAm= wVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTkts= RBf7APM2Jbc07GEw0ZwaYmwfxT7HWKr7r22jPWc8kAFpXXWrE63JOt-2Fjkn7sg4rFnOV2CVlYL= Tsim4ZR24sCoKburP9mRHZDBOJ-2FsnVsxJcssHbi2f3OE2SGULgqSg3roVxe16LOVJsokg9BzY= ziEfkh-2FUtLD9jE7giawA6gwhYLdw9E9XZVqIp01Oxt-2Bd292ztLWmyU6Jjz2-2FIB9hB8WIX= ZyFbHukIPS8hO6-2BjmsHQBHy9jP17qp20obS1qLJpc6ZNWGzxunKVHh6ugMPoUcHPNWRWVz1Ux= euV" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https:/= /fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" alt= =3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"= > </a></td> <td><a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHkBAowy11X= zxlrzcZavUWKPSuJfnI9onhDF6iokjhNg-3D-3DZSj6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO6= 1PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPj= n7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5= mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07ElABTmNNxParAGNKh= 38EMDwb31y1OIx0E1QsWjtzTcleEupVCLILJ9kWH7dPsS3432r9y38fke0xAChDrveqfAun2A5u= K0odp8sHs3p4Gek5A78a9CcXsIgqFSklY6w89p5qd5b8GxdRT0BeAjXS8Uhgd1yWzL9TgLS1S6C= echABP3SQuTbxHAQ4SDEWPriTGkgfommvtCas3P2dNKbo7Fzw22Lw2tmPnEWkQISbYVGM8lFlB6= rfgnjeqxnW7Hl3pfaVLuhk7feFd6otrDNBdF" target=3D"_blank" style=3D"text-decor= ation: none"> <img src=3D"https://fonts.pitchbook.com/newsletter/facebook.p= ng" width=3D"25" height=3D"25" alt=3D"fb" style=3D"border: none; padding: 0= 0 1px; vertical-align: middle;"> </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <p>This email was sent to <a rel=3D"nofollow" style=3D"te= xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the = PitchBook Platform.</p> <p style=3D"margin-top: 14px">Click <a href=3D"https://ur= l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx= 1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTf= dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-= 3Do7Iv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR= AraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa= 2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpo= FhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU= 5aqhTktsRBf7APM2Jbc07ERWpq5KKWlsYTDur2Rh3XHjPWR0RiZnZZ5kiqGUnIg3W8W0nRL-2FJ= qOTw7qB65ezfsbc5kokOubryFrJJ5Uwk2Sfq9NfsdOiBFjX2IGZrK2hYxJu-2FBdOBOobP5AJLs= bn8yk9Spw6HQ2fK0WTunwB6bwyoY4-2BzCGwJucvzB16ky9IF29ikfM-2BghOcAW-2FR-2BJUzJ= 4nqZ7KcGt8vMgcfQNPbO9-2B1ARTPKKFTtBaWx4FDg7WGOOBieeF-2FTHTf6-2Bm9G-2FHRFOqL= q4P-2BlypfcJZ8wKYLjFz" target=3D"_blank" style=3D"font-family: Roboto, Aria= l, sans-serif; font-size: 10px; text-decoration: underline; color: #1D5080;= -webkit-text-size-adjust: none;">here</a> to manage your subscriptions, or= if you no longer wish to receive these emails, you can <a href=3D"https://= url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRvnzbx= JbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F6l9Vc44O= 6YYP5nyZstiuA0hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYIrzSMor6WWroW= X0bXWAihkv3AIvDNKOrRv6f3yMQDWB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH= R4BiQVI43kbMcVf8UYA68NVRAraKxjU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR= 5ADG3-2By4rcA37D8cJ5Kuwa2RxW9MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZB= Gk3efetFQiTfi4yByNezubpoFhVIWlAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufd= bi5PecxkQN2dIu1EIuvS9SdU5aqhTktsRBf7APM2Jbc07F4R-2B2MsyYBMK910ho2Yh-2B5t8Ib= QqN7fFKX8PbGQMqZWG04kBDeMm8o0rPvGecwIo60pJ-2Broihux8bY7-2FzNweWl-2Bm8jLKaW8= Md-2FyfiV31bv28UkNkXvXHHetiUdvvQX23zRvTl0hAJxjY2pgEA8G55W94QO2RVzZ7I8lAA-2F= 2O8b3GIKXSBfs1L3oBUufRyePSFY6gYrHHBfqr90va-2B-2FmPBeq56p8ErQs6G9uVrk8MiPpny= PRuNqIzxT26Nn0WflngEfq2QxG7xvTF-2B7N1PD8dJO" target=3D"_blank" style=3D"fon= t-family: Roboto, Arial, sans-serif; font-size: 10px; text-decoration: unde= rline; color: #1D5080; -webkit-text-size-adjust: none;">unsubscribe.</a></p= > <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi= fth Avenue, Suite 1200, Seattle WA 98164, United States</p> <p style=3D"margin-top: 14px">=C2=A9 2026 PitchBook. Win = what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; = style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo= ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY= 5D5PSLQI&emailId=3D3DTIYUVHCQTRFR2&emailName=3D3DWZSNWFXP2BBWOBOFVVLR2CURLA= &pixelPosition=3D3DPED7RLFD4GN3BVMRTFQEHYZOOJCKA34MS5JA35Y.gif'/><br></p></= td> </tr> </tbody> </table></td> <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">= </td> </tr> </tbody> </table></td> </tr>=20 </tbody> </table><!--[if (gte mso 9)|(IE)]> </td> </tr> </table> <![endif]--></td> </tr> </tbody> </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pjIs= e_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRAraKx= jU-2F-2B8sxxGn5IyHb2yrWSs-2FY2VO61PQkwUldiz5GR5ADG3-2By4rcA37D8cJ5Kuwa2RxW9= MNp4lWBIfL92LhAEjZNDXieC-2BwNewPjn7wQqYWf8DzZBGk3efetFQiTfi4yByNezubpoFhVIW= lAmwVpcqa3gZYeh2vbwr4Y-2FrfkqHoB5mFRGkKv3bEufdbi5PecxkQN2dIu1EIuvS9SdU5aqhT= ktsRBf7APM2Jbc07G6d2cBjTSTvpqMlt6HC1WqXvGPa3-2Bg6kax8qbWNkbWgIDTPz2aL7SwkKY= MW8i5Df6NDwoKxdCFTyTbeFz-2FKq-2Fb1tC0hnYTc335kl1zp-2F-2FbqKDXHDY-2FKRCHTQgN= 1YO8UtW6ULzP0aAr1CWvrruO0nuIRTVUKfDtLdhROS2iZjdafVKmNTfcikueM9OgcGX0ZdjKp7G= aF4TRi2l78QArJOWgXLtt2k3qaFruQF-2ByWaz9ROT9XPZUuQOhQ3Ctscredc-2BmL0DhLjHl1s= It0nkJwr9z" style=3D"display: none"></a>=20 </body> </html>