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Challenger: US tech sector job cuts rose to 18,720 in March, up 24% YoY, taking the Q1 total to 52,000+; AI accounted for 25% of layoffs across all industries (Julia Fanzeres/Bloomberg)
Raspberry Pi raises prices by between $11.25 and $150, citing higher memory costs after December and February hikes, and unveils a 3GB Raspberry Pi 4 for $83.75 (Stevie Bonifield/The Verge)
Super Micro co-founder Yih-Shyan Liaw pleads not guilty to US federal charges of helping smuggle billions of dollars' worth of Nvidia-powered servers to China (Bob Van Voris/Bloomberg)
Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors (Vicky Ge Huang/Wall Street Journal)
Sources: the FBI has declared a recent China-linked hack of a system, which contained pen register and trap and trace surveillance returns, a "major incident" (John Sakellariadis/Politico)
Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan (Tim Fernholz/TechCrunch)
Solana-based DeFi platform Drift warns users about an "active attack" on its protocol; Arkham data said over $250M had moved from Drift to an interim wallet (Helene Braun/CoinDesk)
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)
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)
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)
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)
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)
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)
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 ...)
Anthropic's Claude Code leak reveals its "Kairos" updates, including letting Claude work in the background and using a "dream mode" to consolidate its memories (The Information)
Secondary share marketplaces say OpenAI shares have fallen out of favor, in some cases becoming difficult to unload, as investors pivot quickly to Anthropic (Hema Parmar/Bloomberg)
SEC filing: Hasbro confirms a cyberattack and says it may take "several weeks" before the incident is resolved, after it detected an intrusion on March 28 (Zack Whittaker/TechCrunch)
Source: AWS' operation in Bahrain was damaged after an Iranian strike; Bahrain earlier said the civil defence force was "extinguishing a fire in a facility" (Financial Times)
Sources: SpaceX has filed confidentially for an IPO, putting it on track for a June listing; it could reportedly seek a valuation of $1.75T+ and raise ~$75B (Bloomberg)
Sources: OpenRouter is in talks to raise $120M led by CapitalG at a $1.3B post-money valuation; it now has $50M+ in annualized revenue, up from $10M+ in Oct. (The Information)

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