Reuters:
Indian IT giant TCS reports Q4 sales up 9.7% YoY to $7.63B, net profit up 12.2% to $1.48B, both above est., and says new AI models did not hurt services demand  —  Tata Consultancy Services (TCS.NS) reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models …

Yang Jie / Wall Street Journal:
UK activist investor Palliser has built a stake in Ajinomoto, urging it to raise prices for its ABF, a key material used to form advanced chipmaking substrates  —  Its shares surged in February and is up over 40% year to date  —  An activist investor has built a stake in a Japanese company …

Matthew Martin / Semafor:
Alat, a $100B Saudi Arabia PIF-backed electronics manufacturing fund, has removed CEO Amit Midha; sources say it has dropped plans to invest in chip production  —  Saudi Arabia's sovereign wealth fund has dismissed Alat CEO Amit Midha — a former Dell executive hired three years ago to run …

Sam Sabin / Axios:
OpenAI says a GitHub workflow used to sign its macOS apps downloaded a malicious Axios library on March 31, but no user data or internal system was compromised  —  OpenAI said Friday that it found evidence that one of its internal tools downloaded a compromised update from a recently infected, legitimate open-source software library.

Bloomberg:
Sources: three senior executives who helped launch OpenAI's Stargate initiative are leaving the company and joining Meta  —  Three key players in OpenAI's massive effort to set up hundreds of billions of dollars' worth of artificial intelligence data center capacity are joining Meta Platforms Inc. …