Laya Neelakandan / CNBC:
Adaptive Security, which uses AI for simulating cyberthreats, raised $43M co-led by OpenAI and a16z, marking OpenAI’s first investment in a cybersecurity firm — WATCH NOW — Artificial intelligence cybersecurity company Adaptive Security announced Wednesday that it closed …
Rotterdam-based Gradyent, which lets energy providers optimize their systems by creating digital twins of heating and cooling grids, raised a €28M Series B (Cate Lawrence/Tech.eu)
Cate Lawrence / Tech.eu:
Rotterdam-based Gradyent, which lets energy providers optimize their systems by creating digital twins of heating and cooling grids, raised a €28M Series B — Energy providers can use Gradyent’s tech to optimise performance, reduce CO₂ emissions by up to 10%, lower operational costs …
Sources: Sumitomo Mitsui Banking Corp. is in talks with Fujitsu to help the bank’s biggest customers make key decisions using AI-inferred demand predictions (Hideki Suzuki/Bloomberg)
Hideki Suzuki / Bloomberg:
Sources: Sumitomo Mitsui Banking Corp. is in talks with Fujitsu to help the bank’s biggest customers make key decisions using AI-inferred demand predictions — Sumitomo Mitsui Banking Corp. is tapping Fujitsu Ltd.’s artificial intelligence models to bolster its advisory services …
Samsung has turned to Chinese customers like Baidu to prop up its ailing chip business; SemiAnalysis says Samsung is the “biggest supplier of HBM into China” (Financial Times)
Financial Times:
Samsung has turned to Chinese customers like Baidu to prop up its ailing chip business; SemiAnalysis says Samsung is the “biggest supplier of HBM into China” — Deals with Chinese tech giant Baidu come as South Korean giant loses ground in US and navigates Washington’s curbs
Sources: Google is in advanced talks to rent Nvidia Blackwell AI chips from CoreWeave, highlighting how major Nvidia customers are struggling to get chips (The Information)
The Information:
Sources: Google is in advanced talks to rent Nvidia Blackwell AI chips from CoreWeave, highlighting how major Nvidia customers are struggling to get chips — Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave …
The US announces a new 34% “reciprocal” tariff rate on almost all products imported from China, going into effect from April 9, 2025 (Bloomberg)
Bloomberg:
The US announces a new 34% “reciprocal” tariff rate on almost all products imported from China, going into effect from April 9, 2025 — The US has hit China with the biggest-ever tariff hike on almost all Chinese products, bringing total levies to at least 54% …
Key parts of the US Social Security site have crashed in the past week, as phone support is reduced; report: SSA’s site was down four times in 10 days in March (Lucas Ropek/Gizmodo)
Lucas Ropek / Gizmodo:
Key parts of the US Social Security site have crashed in the past week, as phone support is reduced; report: SSA’s site was down four times in 10 days in March — Elon Musk’s organization has been monkeying with America’s retirement system, with no positive results so far.
The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces (Spencer Soper/Bloomberg)
Spencer Soper / Bloomberg:
The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces — De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
Tech stocks fall in late trading after Trump announced new tariffs: Amazon drops as much as ~6%, Meta ~5%, Nvidia ~5%, Alphabet ~3%, and Microsoft ~3% (Kif Leswing/CNBC)
Kif Leswing / CNBC:
Tech stocks fall in late trading after Trump announced new tariffs: Amazon drops as much as ~6%, Meta ~5%, Nvidia ~5%, Alphabet ~3%, and Microsoft ~3% — Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced new tariffs …
Apple shares drop 7%+ after hours following Trump’s announcement that the US will impose tariffs of 46% on Vietnam, 26% on India, and an additional 34% on China (Tripp Mickle/New York Times)
Tripp Mickle / New York Times:
Apple shares drop 7%+ after hours following Trump’s announcement that the US will impose tariffs of 46% on Vietnam, 26% on India, and an additional 34% on China — The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.