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Source: OpenAI bought TBPN, which was set to generate $30M in 2026, for "low hundreds of millions of dollars"; OpenAI says TBPN will be editorially independent (George Hammond/Financial Times)
Sources: SpaceX is floating a $2T+ valuation to prospective investors in its IPO; SpaceX's acquisition of xAI reportedly valued the combined company at $1.25T (Bloomberg)
LinkedIn job posting data: companies added 640K AI-related jobs from 2023 to 2025 in the US, including 225K "head of AI" jobs, up 49% from the prior four years (Te-Ping Chen/Wall Street Journal)
Amazon adds a 3.5% fuel and logistics surcharge to fulfillment fees for US and Canadian third-party sellers from April 17, as the Iran war drives up oil prices (Annie Palmer/CNBC)
Sources: Meta has told members of its Oversight Board that it may stop funding the board after 2028, though eliminating all funding is not its preferred option (Casey Newton/Platformer)
Sources detail Fidji Simo's moves at OpenAI, including spearheading the TBPN acquisition and pushing OpenAI to cut Sora and avoid other social media products (Stephanie Palazzolo/The Information)
Source: Anthropic has acquired Coefficient Bio, which was developing a platform that enables AI to run biotech tasks such as planning drug research, for ~$400M (The Information)
Sources: Sarvam AI is close to raising $300M-$350M at a ~$1.5B valuation, which could close as soon as next week; Bessemer Venture Partners is expected to lead (Saritha Rai/Bloomberg)
A domestic shortage of electrical equipment such as transformers and switchgear is forcing the US to rely on Chinese imports, delaying data center construction (Bloomberg)
An interview with Mustafa Suleyman on Microsoft's AI reorg, how revising its OpenAI deal "unlocked [Microsoft's] ability to pursue superintelligence", and more (Hayden Field/The Verge)
Mustafa Suleyman says Microsoft is "not able to build models in the very largest scale yet" but its "computation ramp is coming to enable us to do" it in 2026 (Financial Times)
Coinbase says it has won conditional approval from US banking regulators for a national trust company charter, which could let it issue stablecoins and more (Olga Kharif/Bloomberg)
Google launches Gemma 4, its "most intelligent" open model family, purpose-built for advanced reasoning and agentic workflows, under an Apache 2.0 license (The Keyword)
Google adds new features to its video editing app Vids, including directing and customizing avatars through text prompts and Veo 3.1 support (Ivan Mehta/TechCrunch)
Flipboard launches Surf, an app for creating custom feeds from Mastodon, Threads, Bluesky, RSS, podcasts, and YouTube, after over a year in beta (David Pierce/The Verge)
Cursor launches Cursor 3, an "agent-first" coding product designed to compete with Claude Code and Codex by letting developers manage multiple AI agents (Maxwell Zeff/Wired)
OpenAI acquires popular tech news show TBPN; the show will stay the same and will continue to air live at 11am PT weekdays (John Coogan/@johncoogan)
OpenAI acquires tech news show TBPN; Fidji Simo says the move aims to "help create a space for a real, constructive conversation about the changes AI creates" (Katie Deighton/Wall Street Journal)
Crypto asset manager CoinShares began trading on the Nasdaq on April 1, marking its entry into US public markets after its $1.2B SPAC merger with Vine Hill (Naga Avan-Nomayo/The Block)
Sources: AI startup Poolside held talks with Google and others to revive a Texas data center project after a CoreWeave deal and a $2B Nvidia-led round collapsed (Stephen Morris/Financial Times)

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