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The Lead This week at TechCrunch’s StrictlyVC event in Athens, I sat down with three top VCs to discuss the current state of venture investing, the wave of mega-IPOs, and where they see opportunities in AI. VC Insights on AI and Mega-IPOs The conversation featured Niko Bonatsos of Verdict Capital, Andreas Stavropoulos of Threshold Ventures, and Ben Blume of Atomico. They discussed the potential impact of SpaceX's reported $1.75 trillion valuation at IPO, as well as the opportunities and challenges in the AI space. The Data Analysis SpaceX's potential $1.75 trillion valuation at IPO OpenAI and Anthropic potentially not far behind in terms of valuation Three-quarters of all venture capital raised over the last year went into five companies $500 million fund looking at the same opportunities as people investing from a $10 billion or $15 billion fund The Impact Analysis The VCs discussed how the current flood of capital into AI may be justified by future earnings, but also acknowledged the risk of extreme FOMO (fear of missing out). They also touched on the challenges of pricing deals when things are moving fast and the importance of looking beyond age as a proxy for entrepreneurial potential. The Prediction The VCs see opportunities in areas such as consumer fintech, AI interacting with the physical world, and robotics. They predict that the next generation of companies will be able to go after much larger markets and that immigrant founders will continue to play a significant role in driving innovation.

The Lead Saracens secured a win over Harlequins, catapulting them into the top four with one round to play, marking a satisfying end to Mark McCall's home matches. Match Highlights and Details Not exactly a blaze of glory to send off Mark McCall on his last home match, but to win a good old-fashioned London scrap in such a way will no doubt be its own source of satisfaction. All the more so in that it means Saracens attain the top four for the first time since October with one round to play. All the more so given the bonus point that looked for 75 minutes as if it were a distant luxury. Two tries in a crazy last few minutes meant one of those accrued too, to make the sweltering afternoon perfect, if not quite glorious. Theo Dan steered an attacking lineout over the line with the clock in the red to set off the faithful of a sold-out crowd with the final delirium of knowing they have two points’ grace over Exeter, who play at Leicester tomorrow. The Impact of the Win Whatever the result there, the final playoff spot will boil down to next Saturday’s match at Sandy Park, where the Chiefs will host Saracens. Winner goes through, simple as that. Saracens, we are used to saying, will love nothing more. But this is not quite the outfit that has seen McCall through those 17 glorious years. True, they never looked as if they were going to lose; true, the manner in which they did what they had to, right when it mattered, also had a familiar ring. Key Moments and Performances Owen Farrell was brought on for the last quarter and played his role in closing out the game. He missed a longish penalty with the margin five points and a little more than 10 minutes to play. But he played his part in the try that secured the win with three minutes to play, hitting a fine line off Nathan Michelow, before Olly Hartley’s carry and offload sent Nick Tompkins to the line. Saracens enjoyed a surfeit of possession and worked a few nice moves, but none of it quite hurting. Cadan Murley did well to stop Max Malins scoring after a smart break by the increasingly influential Fergus Burke. The Road Ahead Still a few minutes to claim that fourth, but in between Quins, against all odds, snatched their second try, Cameron Anderson crossing on the right after pressure down the left. All Quins had to do to deny Sarries the extra point was secure the restart, but they were harried into touch, from where the hosts set up that lineout and drive. It was Saracens’ set piece that ruled throughout, but especially in the first half, during which the hosts opened a workmanlike 12-0 lead. They had a penalty try within 10 minutes, the Sarries scrum ploughing through Quins, even more decisively that it would generally each time that set piece convened.

The Ultimate Showdown: Europe’s Elite Meet in 2026 In an ideal footballing world, the Champions League final would always feature the two strongest sides on the continent. This year, the Sat 30 May 2026 final between Paris Saint-Germain and Arsenal fulfills that promise. The defending champions face an Arsenal side that is unbeaten throughout the tournament and crowned champions of Europe’s best league by UEFA coefficient. Tactical Clash: Rotations vs. Pragmatism This final is not just about history; it is a fascinating study in contrasting footballing philosophies. Paris Saint-Germain brings a style defined by dizzying rotations, while Arsenal offers an unapologetic pragmatism. The match kicks off at 5pm, setting the stage for a tactical battle that promises to be as entertaining as it is high-stakes. Historical Significance: A Decade of Dominance There is a strong argument that this is the first time since 2009 that the two best teams in Europe have met in the final. The historical weight of this game is immense. If Paris Saint-Germain retain the trophy, they enter the conversation for the greatest club teams in history. Conversely, a victory for Arsenal would see them surpass the legacy of the Invincibles of 1990-91, the Irresistibles of 1997-98, and the Double-winners of 1970-71. Shaping the Legacy of European Football The outcome of this match will define the narrative of the next decade for both clubs. It represents a shift in the European landscape, where the balance of power is being contested by two distinct styles of play. The winner will not only lift the trophy but will also write their name into the pantheon of footballing legends. The Verdict: History in the Balance With the trophy up for grabs, the pressure is on both squads to deliver. Whether it is the fluidity of PSG or the steel of Arsenal, the world will be watching to see which philosophy prevails on the biggest stage.

The Failure of US Garbage Incinerators The nation's garbage incinerators are largely failing to eliminate Pfas 'forever chemicals' air pollution, and are putting people in largely low-income neighborhoods at risk, public health advocates and independent experts warn. The Industry's Misleading Claims A new industry trade group report alleges Minnesota's incinerators are reducing their forever chemical emissions by 99.6%. However, experts say the report is full of bad assumptions, incomplete data, and misleading language. The Health Risks of Pfas Pollution Pfas are a class of at least 16,000 compounds that have been linked to cancer, birth defects, decreased immunity, high cholesterol, kidney disease, and a range of other serious health problems. They are dubbed 'forever chemicals' because they do not naturally break down in the environment. The Impact on Low-Income Neighborhoods The incinerators are often located in low-income neighborhoods, putting vulnerable populations at risk. 'This trash becomes the problem of the poor and marginalized to deal with in their bodies,' said Nazir Khan, executive director of the Minnesota Environmental Justice Table. The Need for Stricter Regulations Experts say that stricter regulations are needed to address the issue of Pfas pollution. 'I'm not aware of any industrial-scale commercial incinerator that solves this problem,' said Michael Youhana, an attorney with the non-profit Earthjustice.

Champions League Final Locked In: PSG vs Arsenal in BudapestThe defending champions Paris Saint-Germain will clash with Arsenal in the UEFA Champions League final, set for 6 pm local time (16:00 GMT) at the Puskas Arena in Budapest, Hungary.Match Details and Logistics at Puskas ArenaVenue: Puskas Arena, BudapestDate & Time: 30 May 2026, 18:00 CET (16:00 GMT)Kick‑off: Live broadcast across Europe and major markets worldwideTicket allocation: Approximately 55,000 seats split between the two clubs and neutral fansFinancial Stakes and Market ImplicationsUEFA prize pool: €80 million awarded to the winner, €60 million to the runner‑upBroadcast revenue: Estimated €200 million in global TV rights, split among participating clubsSponsorship exposure: High‑visibility platform for existing and potential sponsors of both clubsMerchandise surge: Anticipated spike in jersey sales and memorabilia following the finalStrategic Impact on the European Football LandscapeThe outcome will shape the power balance in European football. A PSG victory would cement their dominance and boost the French league’s profile, while an Arsenal win would mark a resurgence for English clubs outside the traditional “Big Six,” potentially influencing future transfer strategies and league competitiveness.What to Expect: Tactical Preview and Future OutlookBoth sides bring contrasting styles—PSG’s attacking flair anchored by star forwards versus Arsenal’s disciplined, high‑pressing approach. Analysts expect a tightly contested match, with the winner gaining not only silverware but also a strategic edge in upcoming domestic campaigns and the next season’s Champions League draw.

The Sudden Departure of Arne Slot Liverpool ‌have parted ways with Arne Slot, the Merseyside club said after ⁠the manager who won the Premier League title in his first season failed to live up to expectations as they ⁠finished fifth. Slot's Tenure at Liverpool Former Feyenoord boss Slot replaced Jurgen Klopp in 2024 and the Dutchman impressed in his first season as Liverpool won the league. However, his second season at Liverpool transformed from a title defence into a desperate scramble for Champions League qualification while they failed to win a domestic cup, marking a dramatic downturn for the defending champions. The Club's Statement “That this was ‌a difficult decision for us to make as a club goes without saying. The contribution Arne has made to Liverpool FC in the time that he has been with us has been significant, meaningful and – most importantly of all to supporters and ourselves – successful,” Liverpool said in a statement on Saturday. “From the moment that we first encountered Arne, ⁠it was immediately clear that he is an ⁠individual who does not merely accept responsibility, he embraces it. “This was evident when he agreed to take over as head coach, when he guided us to the Premier League title ⁠and throughout the season just ended when he faced considerable challenges and burdens. “At the same time, we ⁠have collectively come to the conclusion that ⁠change is necessary in order for the club to keep moving forward. Again, it must be stressed that this is not a decision which has been reached lightly, anything but.” The Future of Liverpool Liverpool ‌said the process to appoint a successor is under way, with media reports linking Andoni Iraola to the role after the Spaniard guided Bournemouth ‌to ‌sixth in the league as they qualified for the Europa League for the first time.

Opening the Pig & Swill: A Community‑Driven Taphouse in CardiffOn a hot Thursday evening in Canton, Cardiff, locals streamed between the bar and garden of the newly launched Pig & Swill. Co‑founders Lewis Dwyer and Andy Aston reported an immediate surge of customers, crediting the neighbourhood’s appetite for a quality night‑cap spot.Numbers Behind the National Pub Decline and Welsh Counter‑Trend161 pubs closed in the UK during Q1 2026 – roughly two per day.Closures were 26% higher than the same period in 2025.The shutdowns represent the loss of about 2,400 jobs, according to the British Beer and Pub Association (BBPA).In contrast, Wales saw three new pubs open, including the Pig & Swill, Vicino (Cardiff) and The Nelson (Rhyl).The Pig & Swill’s Kickstarter campaign raised £29,000 for the refit.Why Wales Is Holding Its Own Amid Economic HeadwindsIndustry observers note that Welsh hospitality still faces pressure, with more restaurant and hotel closures than openings. However, strong local patronage, the proximity to the popular Michelin‑listed restaurant Hiraeth, and a cultural love for the “sesh” are helping new venues thrive. David Chapman, executive director of UK Hospitality Cymru, stresses that supportive policies – such as reforming business rates – are crucial for sustaining this momentum.Looking Ahead: Policy, Community Support, and the Future of Welsh PubsWith the new Welsh government signalling a commitment to hospitality in its manifesto, the next steps will determine whether the current optimism can scale. Continued community funding, eased cost pressures, and targeted government action could turn Wales into a blueprint for reversing the broader UK pub‑closure trend.

Iran is grappling with a deepening economic crisis as the costs of a prolonged conflict strain public finances and push the regime toward greater authoritarian measures. Ordinary Iranians are bearing the brunt of soaring prices, a collapsing currency and shrinking job prospects. The Economic Collapse Following the Conflict The war has drained state coffers, forcing the government to divert resources from social programs to military spending. This reallocation has reduced subsidies on essential goods, intensified shortages and heightened public discontent. Quantifying the Crisis: Inflation, Unemployment, and Currency Devaluation Inflation has accelerated sharply, with reports indicating double‑digit growth in consumer prices over the past year. Unemployment, especially among youth, has risen as private sector activity stalls under heavy sanctions and reduced investment. The national currency continues to lose value against major foreign currencies, eroding savings and import purchasing power. Regional and Global Implications of Iran’s Struggling Economy The economic turmoil is reshaping Iran’s regional posture. A financially strained regime may pursue more aggressive foreign policies to rally nationalist support, while neighboring markets feel pressure from disrupted trade flows and refugee movements. Outlook: Prospects for Reform or Further Decline Analysts warn that without substantial fiscal relief or a de‑escalation of hostilities, Iran’s economy could enter a prolonged downturn. Potential pathways include limited market reforms, renewed diplomatic engagement to ease sanctions, or continued reliance on state control, each carrying distinct risks for the population and the regime’s stability.

Rising rates of youth unemployment have created a split at the top of government over how fast it should meet its promise to give young people the full minimum wage.The Manifesto Promise vs. The Reality CheckPeter Kyle, the business secretary, is understood to believe now is not the time to give 18- to 20-year-olds the full minimum wage, which Labour promised to do in its manifesto. Others believe there is little evidence to show that recent pay rises for low-paid workers have had any effect on unemployment.Torsten Bell, a Treasury minister, told the BBC on Friday morning: “If you look at what the Low Pay Commission said in their annual report, they didn’t find evidence that previous increases in the minimum wage for young people had had an effect on their employment.”The £125bn Cost of InactionThe splits have emerged following a landmark government-backed report this week by the former Labour minister Alan Milburn, who found that youth unemployment was costing Britain more than £125bn a year. Milburn’s report revealed the number of young people not working or studying had surpassed a million for the first time in more than a decade, prompting calls to reduce the pace of youth minimum wage increases.Current Youth Rate: £10.85 (up 8.5% this year)Main Minimum Wage: £12.71 (up 4.1% this year)NEETs (Not in Education, Employment, or Training): Over 1 millionThe Hospitality Sector DilemmaMilburn himself told the News Agents podcast this week: “To get the jobs there for them, you’ve got to make sure the employers are willing to take the risk. If you’re in, say, the hospitality sector or the retail sector, margins tend to be very low. These tend to be sectors that were really badly hit by the cost of living, hospitality in particular.”Tony Blair, the former prime minister, warned in an essay this week that policies such as increasing the minimum wage – which he brought in – had created “headwinds, not tailwinds, for businesses.”The October Low Pay Commission VerdictLabour promised in its manifesto to equalise the rates of the minimum wage for 18- to 20-year-olds with those of workers who are 21 and over but did not say how quickly this would be achieved. Bell said on Friday: “We’re committed to our manifesto that we stood on and we will deliver it. But that manifesto did not set out the timeline.”While he and others in the government believe they should slow down the pace of rises in youth rates of the national minimum wage if there is evidence that it has an impact on employment, they do not yet believe that evidence exists.The commission will tell the government in October what it is recommending for the financial year starting on 1 April 2027; some in government privately hope it will give a recommendation significantly lower than this year’s. Earlier this year ministers even changed their guidance to the LPC to reflect the concerns in government over unemployment among young people, telling it to prioritise employment rates instead.