Lucinda Shen / Axios:
Founders Fund-backed Ondo Finance and Pantera Capital launch a $250M fund to invest in real-world asset tokenization projects via equity stakes and tokens  —  Founder's Fund-backed Ondo Finance and crypto investor Pantera Capital plan to invest $250 million in real-world asset projects …

Aaron Tilley / The Information:
Sources: in 2024, Apple explored a cloud service renting its own chips to developers; it spends ~$7B per year on renting Nvidia chips from AWS and Google  —  Apple over the past few years considered launching a business renting out its servers to the millions of developers that create apps …

Ashley Capoot / CNBC:
Ilya Sutskever becomes CEO of SSI, with co-founder Daniel Levy as president; the technical team will continue reporting to Sutskever  —  OpenAI co-founder Ilya Sutskever said he will assume the CEO role at Safe Superintelligence, the artificial intelligence startup he launched last year.

Kif Leswing / CNBC:
CoreWeave receives Nvidia's Blackwell Ultra servers built by Dell, becoming the first cloud provider to install systems based on Nvidia's latest AI chips  —  Nvidia's Blackwell Ultra chips, the company's next-generation graphics processor for artificial intelligence, have been commercially deployed …

Anthony Hughes / Bloomberg:
Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31  —  The Austin-based company's chips are used in personal devices like fitness trackers, and industrial applications such as crop monitoring …