Wency Chen / South China Morning Post:
Microsoft has closed its IoT & AI Insider Lab in Shanghai, reflecting a broader pullback from China amid geopolitical tensions; the lab was opened in May 2019 — The IoT & AI Insider Lab in the Zhangjiang hi-tech zone likely closed in January or February, nearby workers say
Sources: TSMC’s recent $100B US investment pledge was merely an estimated price tag for existing long-term plans and reflects an intention rather than a promise (Kathrin Hille/Financial Times)
Kathrin Hille / Financial Times:
Sources: TSMC’s recent $100B US investment pledge was merely an estimated price tag for existing long-term plans and reflects an intention rather than a promise — Taiwanese chipmaker has said little about its plans and extent of reprieve from Washington’s pressure is unclear
Sources: CaaStle, a clothing inventory monetization platform that had raised $530M+, is almost broke and is accusing its founder of financial misconduct (Dan Primack/Axios)
Dan Primack / Axios:
Sources: CaaStle, a clothing inventory monetization platform that had raised $530M+, is almost broke and is accusing its founder of financial misconduct — Fashion technology company CaaStle is almost broke and is accusing its founder and former CEO Christine Hunsicker of financial misconduct, Axios has learned from multiple sources.
LightSource, whose software helps companies manage their procurement process, costs, and vendor relationships, raised $33M led by Bain Capital and Lightspeed (Lora Kolodny/CNBC)
Lora Kolodny / CNBC:
LightSource, whose software helps companies manage their procurement process, costs, and vendor relationships, raised $33M led by Bain Capital and Lightspeed — With President Donald Trump set to impose sweeping tariffs on a wide swath of U.S. trading partners this week, corporate America is awash in uncertainty.
Coinbase’s stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it (Matthew Griffin/Bloomberg)
Matthew Griffin / Bloomberg:
Coinbase’s stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it — Coinbase fell 31% in the worst quarterly performance since FTX collapsed near the end of 2022.
Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 (Bloomberg)
Bloomberg:
Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 — The London-based company, which has raised more than $450 million, dropped its revenue estimates for the second half …
Amazon resumes drone deliveries in Texas and Arizona, after halting them in January to roll out a software update to fix issues with the drone’s altitude sensor (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Amazon resumes drone deliveries in Texas and Arizona, after halting them in January to roll out a software update to fix issues with the drone’s altitude sensor — Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed.
Microsoft expands Copilot+ PC features like Live Captions and Cocreator, previously exclusive to models with Snapdragon chips, to models with AMD or Intel chips (Sean Endicott/Windows Central)
Sean Endicott / Windows Central:
Microsoft expands Copilot+ PC features like Live Captions and Cocreator, previously exclusive to models with Snapdragon chips, to models with AMD or Intel chips — Staggered feature releases make me ask “what even is a Copilot+ PC?” — Microsoft has a big update for Copilot+ PCs powered by Intel or AMD processors.
At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more (Ian King/Bloomberg)
Ian King / Bloomberg:
At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more — Intel Corp. Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create …
Source: SoftBank will invest an initial $7.5B in OpenAI’s $40B round, plus $22.5B by 2025’s end; other backers include Microsoft, Coatue, Altimeter, and Thrive (Shirin Ghaffary/Bloomberg)
Shirin Ghaffary / Bloomberg:
Source: SoftBank will invest an initial $7.5B in OpenAI’s $40B round, plus $22.5B by 2025’s end; other backers include Microsoft, Coatue, Altimeter, and Thrive — OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion …