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April 3, 2026, 1:40 PM
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Top News

Stephanie Palazzolo / The Information:
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  —  In recent weeks, Fidji Simo has burst into public view as the OpenAI executive bringing much-needed discipline to the AI startup …
George Hammond / Financial Times:
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
Matt Mullenweg:
Automattic CEO Matt Mullenweg says EmDash, while open source, is designed “to sell more Cloudflare services” and lacks WordPress' cross-platform democratization  —  So, two other Matts at Cloudflare announced EmDash — the spiritual successor to WordPress that solves plugin security.
Ian Carlos Campbell / Engadget:
Sony Interactive Entertainment acquires Cinemersive Labs, a UK-based startup developing tools to convert 2D photos and videos into 3D volumetric photographs  —  Cinemersive Labs will join the company's Visual Computing Group.  —  Sony Interactive Entertainment, owner of the PlayStation brand …
Nat Rubio-Licht / The Deep View:
Anthropic researchers find that an AI model's representations of emotion can influence its behavior “in ways that matter,” such as driving it to act unethically  —  Can we teach machines to feel?  Short answer: We don't know.  But we can teach them to sound like they do.
Casey Newton / Platformer:
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  —  Meta has told members of its independent Oversight Board that the company may stop funding it after 2028, sources familiar with the situation told Platformer.
CTech:
Tower Semiconductor's market cap tops $20B, four years after a near-sale to Intel for $5B; shares are up ~60% over the past month and ~525% over the past year  —  Once overlooked, the company is now central to investor expectations around AI.  —  Four years ago, Tower Semiconductor was nearly sold to Intel for $5 billion.
Arjun Kharpal / CNBC:
Chinese semiconductor companies like SMIC reported record 2025 revenue, driven by AI demand and China's self-sufficiency push as a result of US restrictions  —  Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions …
More: DigiTimes
Meir Orbach / CTech:
Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024  —  Israeli firm seeks critical funding through a SPAC merger amid mounting market pressures.  —  Israeli chip company Hailo …
Takashi Mochizuki / Bloomberg:
Microsoft partners with SoftBank and Sakura Internet to build data centers in Japan, investing $10B in cybersecurity and training 1M AI engineers through 2029  —  Microsoft Corp. unveiled a four-year, $10 billion investment package for Japan, a major pillar of its Asia-wide artificial intelligence push.

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From Mediagazer

Wall Street Journal:
Sources: three Gulf sovereign-wealth funds have agreed to commit a total of ~$24B to back Paramount's $81B WBD deal; Saudi Arabia's PIF agreed to provide ~$10B

Sara Fischer / Axios:
The AP says it plans dozens of US staff cuts as part of a broader restructuring away from hyper-local print coverage and toward video and national topics

Natalie Korach / Status:
Sources: journalists attending WHCD plan to wear 1A-themed accessories, in a RCFP-coordinated campaign to express solidarity amid Trump's press restrictions

More News

Vaibhavi Khanwalkar / The Economic Times:
Noon, an AI-native product design tool, emerges from stealth with $44M in funding from Chemistry, First Round Capital, Scribble Ventures, and others
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

Earlier Picks

Annie Palmer / CNBC:
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
Bloomberg:
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
Alex Harring / CNBC:
The CFTC sues Arizona, Connecticut, and Illinois over their actions against prediction markets, saying it has the “exclusive” authority to regulate such markets
Maxwell Zeff / Wired:
Cursor launches Cursor 3, an “agent-first” coding product designed to compete with Claude Code and Codex by letting developers manage all their agents in Cursor
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