The Brutalist Report

Techmeme

Sources: Amazon is in talks to acquire Globalstar to bolster its low Earth orbit satellite business; Apple's 20% stake in Globalstar is a complicating factor (Financial Times) [31d]
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) [31d]
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) [31d]
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) [31d]
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) [31d]
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) [31d]
Raspberry Pi raises prices by $11.25 to $150 citing memory prices, after hikes in December and February, and unveils a 3GB Raspberry Pi 4 model for $83.75 (Stevie Bonifield/The Verge) [31d]
Sona, which uses AI to help companies with scheduling, HR, payroll, and other workflows, raised a $45M Series B led by N47, bringing its total funding to $100M+ (Chris Metinko/Axios) [31d]
Sources: Paradigm, a major investor in Kalshi, is building its own prediction markets trading terminal that will cater to professional traders and market makers (Ben Weiss/Fortune) [31d]
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) [31d]
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) [31d]
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) [31d]
SEC filing: Hasbro confirms a cyberattack and says it may take "several weeks" before the incident is resolved, after detecting an intrusion on March 28 (Zack Whittaker/TechCrunch) [31d]
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) [31d]
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) [31d]
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 ...) [31d]
Sources: Amazon's "sponsored prompts" for its Rufus AI assistant are yielding significantly lower traffic than traditional ads, but are more cost-effective (Catherine Perloff/The Information) [31d]
Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Leixlip, Ireland, and plans to issue $6.5B in new debt to fund it (Ian King/Bloomberg) [31d]
India says foreign investment gains made before 2017 are exempt from its General Anti-Avoidance Rules, after a court required Tiger to pay $1.6B on a 2018 sale (Reuters) [31d]
Anthropic is racing to contain the fallout after accidentally leaking Claude Code source code, issuing copyright takedown requests to remove 8,000+ copies (Sam Schechner/Wall Street Journal) [31d]