Market news: Iran's Supreme Leader has appointed six new military commanders.

The Information reports one‑year‑old Applied Compute is in talks on a new funding round that could value the company at roughly $3bn, more than double its valuation four months ago. The startup helps enterprises run and customize open‑source models on proprietary data. Insiders say annualized revenue is about $50m, nearly 4x the level CEO Yash Patil disclosed in November. Investor Elad Gil is reportedly in talks to lead the round, which is expected to raise several hundred million dollars; it is unclear whether the valuation includes the new capital. The round has not closed and terms may change.

U.S. President Trump, when asked what would happen next in a war with Iran, said you will know soon.