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Adobe agrees to pay $75M to resolve a US government lawsuit accusing it of concealing hefty termination fees and making it difficult to cancel subscriptions (Jonathan Stempel/Reuters)
Sources: Elon Musk pushed out two more xAI co-founders after getting frustrated with xAI's coding product progress and brought in "fixers" from SpaceX and Tesla (Financial Times)
Amazon Prime Video plans to raise the price of its ad-free plan, Ultra, to $4.99 per month, and add support for up to five simultaneous streams, from April 10 (Emma Roth/The Verge)
The European Commission says "X has submitted remedies in relation to its blue check mark" in the EU and the commission will "assess" the proposed remedies (Gian Volpicelli/Bloomberg)
Sources: ByteDance is working with Aolani Cloud to deploy 500 Nvidia Blackwell systems in Malaysia, featuring ~36,000 B200 chips and likely costing over $2.5B (Wall Street Journal)
Source: the perpetrators of a wiper attack on Stryker appear to have used Microsoft Intune to issue a "remote wipe" command against all connected devices (Brian Krebs/Krebs on Security)
Docs: Binance investigators found accounts, including those of VIP Chinese traders and a suspected Iranian gold smuggler, helped move $1B to Iran-linked groups (Fortune)
Alex Karp says AI disrupts the economic power of "humanities-trained, largely Democratic voters" and strengthens that of "working-class, often male voters" (Kelby Vera/HuffPost)
China approves the market launch of an invasive BCI system that helps restore hand movement, the world's first approval of such a device for commercial use (Reuters)
Sources: HSBC and Standard Chartered are set to be among the first licensed stablecoin issuers in Hong Kong, as the city pushes to become a crypto hub (Bloomberg)
Sources: Meta has paused the Persian Gulf section of its 2Africa subsea cable project as the war in the Middle East freezes activity in the region (Bloomberg)
Sources: Amazon plans to move its Prime Day sale from July to late June; the shift affects its financial reporting, with event sales coming in Q2 rather than Q3 (Bloomberg)
Allen Institute for AI CEO Ali Farhadi steps down after two and a half years to pursue research ambitions; founding member Peter Clark will serve as interim CEO (Todd Bishop/GeekWire)
Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est. (Zaheer Kachwala/Reuters)
Sources: Meta delayed the launch of its Avocado model to at least May over performance concerns and discussed temporarily licensing Gemini to power its products (Eli Tan/New York Times)
A US appeals court voids much of a March 2025 injunction blocking California's online child safety law, while keeping some of the law's provisions blocked (Jonathan Stempel/Reuters)
Sources: UK-based cloud provider Nscale is in talks to buy a major data center site in West Virginia; Amazon and Meta have also expressed interest in the site (Anissa Gardizy/The Information)
Social media addiction trial: the plaintiff, Meta, and YouTube make closing arguments; jurors begin deliberations Friday on liability for harm to children (Associated Press)
Sources: Qualified Health, which helps health care organizations assess and orchestrate AI tools, is raising a ~$100M Series A from NEA, SignalFire, and others (Erin Brodwin/Axios)
Telus Digital confirms a security incident after ShinyHunters claimed to have stolen ~1PB of data from the Canadian outsourcing giant in a multimonth breach (Lawrence Abrams/BleepingComputer)

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