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Baidu joins Alibaba in raising prices for its AI computing power-related services by ~5% to 30% and its parallel file storage system by 30% from April 18 (South China Morning Post)
PwC's US boss Paul Griggs says partners who resist AI have no place at the firm, and it plans to convert some services into AI-powered automated tools (Stephen Foley/Financial Times)
Industry executives say chip testing firms are racing to meet AI chip demand; Advantest, Teradyne, and Chroma shares have more than tripled over the past year (Cheng Ting-Fang/Nikkei Asia)
Source: Fal, a GenAI model hosting service, is in talks to raise $300M to $350M at an $8B valuation; annualized revenue has hit $400M, up from $200M in October (Katie Roof/The Information)
Deezer reports a net income of €9M in 2025, its first profit since its 2007 founding, while revenue fell 1.4% YoY to €534M (Financial Times)
Facebook launches Creator Fast Track, offering big Instagram, TikTok and YouTube creators guaranteed monthly pay and boosted reach to post on Facebook (Zach Vallese/CNBC)
Director Coerte Voorhees says he is using AI to feature Val Kilmer in "a significant part" in an indie film, with the cooperation of the late actor's estate (Brent Lang/Variety)
Sources: Coinbase and Zerohash are among the companies vying to issue Cloudflare's stablecoin, set to launch this year to support payments for the "agentic web" (Yueqi Yang/The Information)
Meta makes its Meta Lab NYC pop-up on Fifth Avenue a permanent flagship location after signing a 10-year lease; it opened its first flagship store in LA in 2025 (Kanika Talwar/WWD)
Sources: Polymarket is looking to hire a chief risk officer following a CFTC demand; the company has expanded its legal team in recent months (Bernard Goyder/Bloomberg)
During a Senate hearing, FBI Director Kash Patel says FBI does purchase "commercially available information" that can be used to track people's location history (Alfred Ng/Politico)
Compute startup Andromeda raised new funding from Paradigm at a $1.5B valuation, bringing Paradigm's total to $60M; it passed a $100M revenue run rate in 2025 (Upstarts Media)
Micron reports Q2 revenue up 196% YoY to $23.9B, vs. $19.7B est., expects 2026 capex to exceed $25B, vs. $22.4B est., and forecasts Q3 revenue above estimates (Dina Bass/Bloomberg)
Democratic voters in Illinois rejected most candidates supported by the crypto and AI industries, marking an unexpected defeat after industry PACs spent $18M+ (Bloomberg)
Meta confirms a critical security incident after an internal rogue AI agent's actions led to the exposure of sensitive data to employees without authorization (Jyoti Mann/The Information)
NYC-based BusRight, which provides an AI-powered platform to help school bus operators manage routes, communication, and more, raised $30M from Volition Capital (Mike Wheatley/SiliconANGLE)
Perplexity releases its Comet browser app for iOS and iPadOS with a built-in AI assistant, four months after launching on Android (Laurent Giret/Thurrott)
Cloudflare says it has appealed the €14.2M fine issued by Italy for refusing to block pirate sites on its 1.1.1.1 DNS service, calling the amount "staggering" (Jon Brodkin/Ars Technica)
Google DeepMind appoints Jasjeet Sekhon, Bridgewater's chief scientist and head of AI, as chief strategy officer; Sekhon helped build Bridgewater's AIA Labs (Anirban Sen/Reuters)
Investigation: Jeffrey Epstein spent $800K+ on a campaign to manipulate Google search results and sanitize his Wikipedia page, after his 2009 release from jail (New York Times)

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