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)
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)
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)
Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (Aisha S Gani/Bloomberg)
Iran says it will start targeting US tech companies like Apple, Google, Meta, Microsoft, Nvidia, and Tesla in the Middle East from 8PM local time on April 1 (Julia Shapero/The Hill)
Tel Aviv-based Sett, which builds AI agents to automate game marketing, raised a $30M Series B led by Greenfield Partners, bringing its total funding to $57M (Meir Orbach/CTech)
Some developers say the App Store review process is taking significantly longer, up to multiple weeks, with an influx of vibe-coded apps as the likely cause (Business Insider)
Midjourney CEO David Holz says the company's revenue "significantly surpassed" $200M in 2023, and has "gone up" since then, despite its declining web traffic (Jemima McEvoy/The Information)
Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda (Alex Isenstadt/Axios)
A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams (Bloomberg)
A look at why Dotcom Bubble comparisons to the AI boom are off, vertical SaaS is up +3% last 12 months vs. horizontal SaaS down 35%, and other reflections on AI (Logan Bartlett/@loganbartlett)
A profile of Mark Lanier, a TX lawyer and part-time pastor who beat Meta and Google in the LA social media case and said Zuckerberg was "rattled" on the stand (Wall Street Journal)
Report analyzing payments of 28M US consumers shows Claude adding paid subs at a steadily increasing pace; Anthropic: paid subs have more than doubled this year (Julie Bort/TechCrunch)
ShinyHunters says it stole 350GB+ of data in a cyberattack on the European Commission, detected on March 24; the EC says its internal systems were not affected (Pierluigi Paganini/Security Affairs)
The FBI confirms Iran-linked Handala breached Kash Patel's personal email but says the data accessed was "historical in nature" and involves no government info (TechCrunch)