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US kid safety groups say they didn't know OpenAI had entirely funded the Parents & Kids Safe AI Coalition to promote CA legislation until after it was announced (Emily Shugerman/The San Francisco ...)

Sources: Amazon's "sponsored prompts" for its Rufus AI shopping assistant are driving significantly lower traffic than its traditional ads, but they cost less (Catherine Perloff/The Information)

Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Ireland, and plans to issue $6.5B in new debt to fund it; INTC up 10% (Ian King/Bloomberg)

India says its General Anti-Avoidance Rules do not apply to foreign investment gains made before 2017, after a court required Tiger to pay $1.6B on a 2018 sale (Reuters)

Anthropic is racing to contain the fallout after accidentally leaking Claude Code's source code, issuing a copyright takedown request to remove 8,000+ copies (Sam Schechner/Wall Street Journal)

Global VC investment hit a record $297B in Q1 2026, up 150% YoY, with AI startups capturing 81%; OpenAI, Anthropic, xAI, and Waymo raised 64% of the total (Gené Teare/Crunchbase News)

Austin-based Coder, which helps developers build and run code from local devices to the cloud, raised a $90M Series C led by KKR, after raising $35M in 2024 (Julia Hornstein/The Information)

How a small German state's bid to replace Microsoft with open-source alternatives like Linux and Kamailio faces issues, as the EU pushes "digital sovereignty" (Laura Pitel/Financial Times)

Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

As Apple turns 50, a look at how a management course in postwar Japan paved the way for Steve Jobs' obsession with quality and its dominance in the iPhone era (Patrick McGee/Financial Times)

Microsoft says it is on track to invest $5.5B in cloud and AI infrastructure in Singapore through 2029, a day after announcing plans to invest $1B+ in Thailand (Kimberley Kao/Wall Street Journal)

Malta is opposing EU plans to centralize crypto supervision under ESMA, seeing it as a politically motivated assault on its success in attracting crypto firms (Laura Noonan/Bloomberg)

South Korean trade data: chip shipments hit a record-high value of $32.83B in March 2026, up 151.4% YoY, pushing total exports to a record $86.13B, up 48.3% YoY (Steven Borowiec/Nikkei Asia)

The LA and New Mexico jury verdicts against Meta and YouTube recognized some design features as defective, distinct from what Section 230 was created to protect (Casey Newton/Platformer)

A profile of Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib, who has used crypto diplomacy to help Pakistan win over President Trump (Faseeh Mangi/Bloomberg)

An interview with Galen Buckwalter, a BCI recipient in a Caltech brain implant study, on his recent ability to use the implant to produce musical tones (Emily Mullin/Wired)

Analysis: 50% of Asia's 10 most volatile stocks are recent AI IPOs, such as Chinese companies Moore Threads and MiniMax, driven by thin institutional ownership (Jeanny Yu/Bloomberg)

OpenAI says it is generating $2B in monthly revenue, with enterprise accounting for 40%+ of it, and is on track to reach parity with consumer by the end of 2026 (OpenAI)

A suspected Baidu system failure caused a number of robotaxis to stop across Wuhan, trapping passengers and reportedly causing traffic disruptions and crashes (Zeyi Yang/Wired)

Grab, in partnership with WeRide, launches a robotaxi service in Singapore, becoming Southeast Asia's first ride-hailing provider to offer a driverless service (Bloomberg)

The EU's main institutions, the Commission, Parliament, and Council, ban staff from using fully AI-generated videos and images in official communications (Pieter Haeck/Politico)

Perplexity faces a proposed class action lawsuit alleging it shared users' personal data with Meta and Google even in Incognito mode, violating CA privacy laws (Robert Burnson/Bloomberg)

Apple says it will push out rare "backported" patches for iOS 18 to protect users from DarkSword, a hack that silently takes over iPhones running the older OS (Andy Greenberg/Wired)

Mercor confirmed it was affected by a recent supply chain attack involving LiteLLM; hacker group Lapsus$ claims it accessed and stole Mercor's data (Jagmeet Singh/TechCrunch)

Kestra, an open-source workflow orchestration startup, raised a $25M Series A led by RTP Global, as Kestra looks to expand its go-to-market strategy (Chris Metinko/Axios)

Depthfirst, which aims to build a "general security intelligence" for finding and fixing company vulnerabilities, raised an $80M Series B at a $580M valuation (Thomas Brewster/Forbes)

Source: Google plans to release a screenless Fitbit band later this year; it will include basic features and require a paid subscription for more functionality (Samantha Kelly/Bloomberg)

NYC Mayor Zohran Mamdani allows city agencies to use TikTok, with some restrictions, reversing a 2023 ban his predecessor enacted over data security concerns (Chris Sommerfeldt/Politico)

Salesforce announces over 30 new features for Slack, including a meeting transcription feature and an operator mode to complete multi-step tasks on the desktop (Sabrina Ortiz/The Deep View)

Sources: AT&T agreed last week to a deal worth up to $2B to upgrade the FirstNet emergency cellular network it runs for the Commerce Department (Patience Haggin/Wall Street Journal)

Letters to Sen. Ed Markey: six autonomous vehicle companies say remote assistants don't directly control vehicles; Tesla says its operators are allowed to do so (Aarian Marshall/Wired)

Sources: Microsoft is in talks with Chevron and investment fund Engine No. 1 over a $7B Texas power plant that would initially generate 2.5 GW of electricity (Bloomberg)

Sources: threat actors stole Cisco source code by breaching its internal development environment using credentials from a recent Trivy supply chain attack (Lawrence Abrams/BleepingComputer)

An excerpt from the book The Infinity Machine details how DeepMind's early governance battles with Google changed Demis Hassabis from an idealist into a realist (Sebastian Mallaby/Colossus)

Samsung launches Hearapy, a free Android app to mitigate motion sickness by playing a 100Hz sine wave tone; a 60-second session can provide two hours of relief (Andrew Liszewski/The Verge)

Austin-based Saronic, which builds military autonomous ships, raised a $1.75B Series D led by Kleiner Perkins at a $9.25B valuation, up from $4B in Feb. 2025 (Samantha Subin/CNBC)

Sequoia says Doug Leone is returning in a newly created role of chairman, after he announced his retirement in 2022 from his role as "senior steward" (Iain Martin/Forbes)

Anthropic confirms it leaked parts of Claude Code's source code, saying the leak was "a release packaging issue caused by human error, not a security breach" (Ashley Capoot/CNBC)

Snap shares climbed 14% on Tuesday after activist investor Irenic suggested changes to boost the stock's value 7x, such as cutting staff by 21% and ending Specs (Lola Murti/CNBC)

Yupp, which raised a $33M seed led by a16z crypto in 2024 for a crowdsourced AI model picker, shuts down, saying it didn't reach strong product-market fit (Julie Bort/TechCrunch)

Microsoft stock plunged 23% in Q1, a steeper drop than any of its tech peers or the Nasdaq, and its steepest quarterly drop since the 2008 financial crisis (Jordan Novet/CNBC)

OpenAI has tapped retail investors for the first time, raising $3B+ as part of its $122B round, through a trio of banks and ETFs managed by ARK Invest (George Hammond/Financial Times)

OpenAI closed a $122B funding round led by SoftBank, a16z, and others at an $852B post-money valuation, after previously announcing the round would total $110B (Ashley Capoot/CNBC)

PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding (Steven Rosenbush/Wall Street Journal)

Iranian media: Iran arrested 46 people allegedly in a network selling Starlink terminals and seized 139 terminals; there are an estimated 50K terminals in Iran (Bloomberg)

Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)

Google attributes the supply chain attack on HTTP client Axios to a suspected North Korean threat actor it calls UNC1069 (Lorenzo Franceschi-Bicchierai/TechCrunch)

Google launches Veo 3.1 Lite, costing <50% of Veo 3.1 Fast and meant for "high-volume video applications", and affirms its commitment to video generation tools (Abner Li/9to5Google)

Iran says it will start targeting US tech companies such as Apple, Google, Meta, Microsoft, Nvidia, and Tesla in the Middle East on Wednesday at 8pm local time (Julia Shapero/The Hill)

Google researchers warn that quantum computers may crack elliptic-curve cryptography, which helps secure crypto wallets, with 20x fewer resources than expected (Bloomberg)