Welcome to The Youngberg Report, let’s begin.

GOOG $357.21

True pioneers like DeepMind have been conducting research in the AI world for the last 16 years.  The company was acquired by Google in 2014 for £400mn, is known for some early breakthroughs (AI defeats human in Go), and is the team that created Google's current Gemini model used in search. 

The London-based company recently had Sir Demis Hassabis step down as CEO to focus on the “big picture” and Artificial General Intelligence (AGI).

The future of DeepMind is unclear, but a move like this suggests operations could be absorbed completely by Google in the future.

Swiss investment Group, Partners Group, are almost finished a deal acquiring French Beauty Company Aroma-Zone for €2bn.

This past year revenue grew 52 per cent for Aroma-zone with similar growth over the past two years as well.  Aroma-zone was created in 1999 as an information website and later that year transitioned to selling essential oils.

ANTH.PVT 589.01

In the middle of all the current AI chaos, we see demand soaring quarter after quarter.

Anthropic needs more chips to fulfill the demand; investor Google is here to save the day.

The current big players involved in the deal:

Anthropic – AI research company with need for chips

Google – Investor in Anthropic

Broadcom – Buying and financing chips

Apollo – Private Credit capital

Blackstone – Private Credit capital

Morgan Stanley – Packaged construction bond

Contracts involved in this total to around $200bn.

Complex structures like this are unique to Big Tech and show how the financial industry is likely to take a larger role in the development of AI companies.

Polymarket valuation over the past two years:

Oct 2025 - $8bn

April 2026 - $15bn

May - $20bn

They are looking for an investment of $1bn to stay competitive and move ahead of Kalshi.

In the beginning of 2025 Polymarket had around a dozen employees and after a year and a half is up to around 300.

PLD 139.24

Prologis – US real estate company – warehouses and distribution centers

Segro – UK real estate company – warehouses and data centers

Prologis finalizes to pay 1,032p per share after the initial offer of 925p per share.  Segro is London's largest listed property company, giving Prologis a 47% larger footprint in Europe.

Since my first experience with AI (one of ChatGPT's earlier models in 2022) it’s been crazy just to see this industry evolve.  It seems like every six months there is such a giant leap relative to the time it took other markets to take off.

It’s incredible... incredible and terrifying.

Terrifying because we don’t know how it works, let alone our own brains, but incredible for the potential to solve problems and create abundance.

From around 2022 to 2025, OpenAI’s ChatGPT has been the leading model preferred by consumers in the US.

Recently, a little after the start of 2026 we see Anthropic’s Claude becoming significantly more relevant, making the US AI race mostly between OpenAI and Anthropic now.

There’s no question this tech will make a difference, which company will come out on top?