Techmeme
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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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)
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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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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)
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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)
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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)
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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)
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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)
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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 ...)
TechCrunch
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The reputation of troubled YC startup Delve has gotten even worse
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‘System failure’ paralyzes Baidu robotaxis in China
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A new dating app, Sonder, has a deliberately annoying sign-up process (and it’s working)
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Startup funding shatters all records in Q1
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Apple releases security fix for older iPhones and iPads to protect against DarkSword attacks
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Meta’s natural gas binge could power South Dakota
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Cameo partners with TikTok to boost popularity
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WhatsApp notifies hundreds of users who installed a fake app made by government spyware maker
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Cognichip wants AI to design the chips that power AI, and just raised $60M to try
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SpaceX files confidentially for IPO in mega listing potentially valued at $1.75 trillion, report says
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Hasbro says it was hacked, and may take ‘several weeks’ to recover
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Less than a month: StrictlyVC San Francisco brings leaders from TDK Ventures, Replit, and more together
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Lucid Motors recalls over 4,000 Gravity SUVs citing improperly welded seat belts
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Nothing’s AI devices plan reportedly contains smart glasses and earbuds
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Mercor says it was hit by cyberattack tied to compromise of open source LiteLLM project
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Toyota’s Woven Capital appoints new CIO and COO in push for finding the ‘future of mobility’
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Anthropic is having a month
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Salesforce announces an AI-heavy makeover for Slack, with 30 new features
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Robotaxi companies refuse to say how often their AVs need remote help
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OpenAI, not yet public, raises $3B from retail investors in monster $122B fund raise