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Hasbro has been hacked, and the maker of Peppa Pig says recovery could take weeks

Somewhere in Hasbro’s network, someone was where they should not have been. The $14.4 billion toy and entertainment conglomerate, owner of Peppa Pig, Transformers, Monopoly, Dungeons & Dragons, Nerf, Play-Doh, and Power Rangers ,disclosed on Wednesday that it had identified unauthorised access to its systems, an intrusion first detected on 28 March that has since […]

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OpenAI is hiring ad-tech firms to make ChatGPT ads talk back to you

Six weeks was all it took. On 9 February, OpenAI switched on advertisements inside ChatGPT for free-tier users in the United States. By late March, the company disclosed that the pilot had crossed $100 million in annualised revenue, drawn more than 600 advertisers, and reached fewer than a fifth of eligible users. Now OpenAI is […]

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A 27-year-old just raised $450 million to bet that AI’s future runs on nuclear power

Isaiah Taylor was sixteen when he decided the nuclear industry had a size problem. Not that reactors were too dangerous or too expensive, though they are both, but that they were simply too big. The multi-gigawatt monuments to Cold War-era engineering that still dot the American landscape were designed for a grid that moved power […]

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A 27-year-old just raised $450 million to bet that AI’s future runs on nuclear power Read More »

Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.

Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wall Street has lost more than three quarters of its market value since its September debut. On Tuesday, it announced a $1.7 billion significant […]

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Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high. Read More »

Australia says Meta, TikTok, Snapchat, and YouTube are not complying with its child social media ban. Court action may follow.

Three months after Australia became the first country in the world to ban children under 16 from holding social media accounts, its online safety regulator says the platforms are not doing enough to make the ban work. eSafety Commissioner Julie Inman Grant released her first compliance report on Tuesday, alleging that Facebook, Instagram, Snapchat, TikTok, […]

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Australia says Meta, TikTok, Snapchat, and YouTube are not complying with its child social media ban. Court action may follow. Read More »

Iran’s Revolutionary Guards just named 18 US tech firms as military targets. The age of the civilian data centre is over.

At 8pm Tehran time on Tuesday, a new kind of front line was drawn, not through desert terrain or along a disputed border, but through the server farms, cloud regions, and corporate campuses of America’s largest technology companies. The Islamic Revolutionary Guard Corps published a statement on its official Sepah News channel naming 18 US […]

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Iran’s Revolutionary Guards just named 18 US tech firms as military targets. The age of the civilian data centre is over. Read More »

OpenAI closes record $122 billion round at $852 billion valuation, opens door to retail investors for the first time

There is a number that keeps getting larger, and on Tuesday it got larger again. OpenAI announced that it had closed its latest funding round with $122 billion in committed capital, valuing the ChatGPT maker at $852 billion post-money. The figure is up from the $110 billion the company announced in February, when Amazon, Nvidia, […]

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OpenAI closes record $122 billion round at $852 billion valuation, opens door to retail investors for the first time Read More »

South Korea turns to Russian naphtha as Asia’s chip supply chain feels the squeeze

When Iran effectively closed the Strait of Hormuz in late February, choking off the corridor through which a fifth of the world’s oil and gas flows, the immediate consequences were predictable: crude prices spiked, energy markets convulsed, and geopolitical analysts reached for their most alarming adjectives. What fewer people anticipated was how quickly the crisis […]

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ALSO hits $1B valuation and signs DoorDash as its first major autonomous delivery partner

The Palo Alto small-EV company raised $200M in a Series C led by Greenoaks, with DoorDash investing alongside a multi-year commercial agreement to deploy purpose-built autonomous vehicles for last-mile delivery. DoorDash co-founder Stanley Tang joins the board as an observer. ALSO, the small electric vehicle company spun out of Rivian in 2025, has raised $200 […]

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Oracle is cutting up to 30,000 employees to pay for AI data centres

Employees across the US, India, Canada, and Mexico woke up on 31 March to termination emails from “Oracle Leadership” with no prior warning. TD Cowen estimates the cuts will affect 18% of Oracle’s 162,000-person workforce and free up $8-10 billion to fund AI infrastructure. Oracle has not confirmed the total number. Oracle began executing what […]

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