šŸ•¶ļø $800M? No thanks

Who sells, who says no, and who’s leaking your genome?

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Barack Obama’s on Bluesky, Google just dropped $32B on a startup, and Meta got curved hard by a chipmaker in South Korea.

It’s one of those weeks where the future of tech feels both extremely fragile—and weirdly inevitable.

Enjoy today’s read.

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Eight bullets of updates

  1. šŸŽ„ OpenAI’s Sora shows bias in early tests, defaulting to white characters and clichĆ©s—raising red flags about representation in AI video.

  2. 🚘 Cadillac goes full luxury EV with Optiq and Escalade IQ—think massive screens, voice control, and price tags to match.

  3. šŸŽ“ Netflix co-founder Reed Hastings donates $20M to Bowdoin College to boost AI education at small liberal arts schools.

  4. šŸ’» Software engineers are all-in on AI copilots, using tools like GitHub Copilot and ChatGPT for everything from bug fixes to boilerplate code.

  5. šŸŒ These 50+ tech startups are actively sponsoring H-1B visas, offering a lifeline for immigrant workers amid Big Tech cutbacks.

  6. šŸ“ˆ Stocks bounce back as Wall Street shrugs off Trump’s tariff talk—Tesla leads the rebound after a rough few days.

  7. šŸ›”ļø Defense startup Anduril eyes UK for new weapons factory, expanding its international footprint amid rising global demand.

  8. 🐦 Barack Obama joins Bluesky, giving the decentralized Twitter rival a major boost in visibility—and credibility.

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 šŸ§¬ 23andMe is out of DNA

Jennie Book / Shutterstock.com

Remember when spitting in a tube felt like a futuristic health upgrade? Fast forward to 2025: 23andMe is bleeding cash, losing partners, and facing class-action lawsuits after a massive data breach exposed info from nearly 7 million users. Now it’s warning investors that it might not survive the year.

The company once promised a revolution in personalized medicine. Instead, it’s become a cautionary tale in consumer genomics. Revenues are down 33% YoY. Its valuation plummeted from $6B to under $200M. And the pivot to drug development? Burning money fast.

But the real plot twist? Your DNA is still out there.

Even if 23andMe disappears, the data it collected likely won’t. The company has sold genetic insights to pharma giants like GSK, and the recent breach included ancestry, health, and even raw genetic files. Unlike a password, you can’t just change your genome.

This isn’t just a 23andMe problem — it’s a wake-up call for the entire direct-to-consumer health tech space. When your business model relies on monetizing people’s literal code, losing their trust is game over.

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What Comes After TikTok? (Hint: Nothing)

TikTok might be the final boss of social media as we know it. Every major platform that came before—MySpace, Facebook, Instagram, even Vine—rode the momentum of a new tech breakthrough: broadband, smartphones, mobile cameras. TikTok’s edge was its algorithm. But now? There’s no clear wave to catch. The novelty is fading, growth is stalling, and every new app feels like a remix of what we’ve already seen.

So what happens when the innovation engine stalls? Is this the end of new social media giants, or are we just waiting for the next paradigm shift?

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🧠 The $800M ā€œnoā€ to Meta

credit: furiosa.ai

When a startup says no to nearly a billion dollars, you pay attention.

South Korea–based FuriosaAI, which designs high-performance chips for artificial intelligence, just turned down an $800M acquisition offer from Meta. Instead of cashing out, the company is doubling down on independence — betting that the AI chip war is just getting started, and they’ve got what it takes to go the distance.

It’s a gutsy move in a field dominated by giants. Nvidia rules the AI chip market, and Meta’s been racing to reduce its dependence on external hardware. Furiosa’s rejection signals confidence not just in its tech, but in a broader trend: AI infrastructure is the new oil, and startups with the right product might no longer need a Big Tech lifeline.

Also: with semiconductors becoming a geopolitical flashpoint, countries like South Korea are eager to grow their own champions. Furiosa might just be next in line.

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The Supply Chain Crisis Is Escalating — But This Tech Startup Keeps Winning

Global supply chain chaos is intensifying. Major retailers warn of holiday shortages, and tech giants are slashing forecasts as parts dry up.

But while others scramble, one smart home innovator is thriving.

Their strategic move to manufacturing outside China has kept production running smoothly — driving 200% year-over-year growth, even as the industry stalls.

This foresight is no accident. The same leadership team that saw the supply chain storm coming has already expanded into over 120 BestBuy locations, with talks underway to add Walmart and Home Depot.

At just $1.90 per share, this resilient tech startup offers rare stability in uncertain times. As investors flee vulnerable companies, this window is closing fast.

Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.

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These companies just raised money

  1. šŸ’¼ LatAm VC firms Nazca and Bridge merge to form a $400M fund, signaling a new phase of consolidation in the region’s startup scene.

  2. šŸ¤– Ex-Cruise CEO Kyle Vogt raises $150M for his robotics startup, The Bot Company, aiming to bring helpful household bots to life.

  3. šŸ”§ Workflow automation startup n8n raises $60M to expand its AI-powered, ā€œfair-codeā€ platform for building custom automations.

  4. 🌐 Browser Use raises $17M to help AI agents surf the web more effectively, turning messy websites into machine-readable terrain.

  5. šŸ“ŗ Former TV execs raise $6M for Enza, a new streaming platform betting on short-form, serialized content for modern viewers.

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šŸ’ø Google just bought a startup for $32B. Yes, B.

The biggest acquisition of a VC-backed startup. Ever.

Alphabet is reportedly acquiring Israeli cybersecurity unicorn Wiz for $32 billion — a mind-bending price tag that smashes previous M&A records and signals that Big Tech is back in shopping mode.

The context? M&A is heating up like it’s 2021 again. So far this year, there have been 11 startup exits worth over $1B, totaling $54.5B — more than double what we saw at this point last year. And while IPOs are still trickling in slowly, this kind of acquisition frenzy shows that the startup exit window isn’t totally shut — it’s just pivoted to corporate buyers.

For Google, buying Wiz isn’t just about cloud security dominance. It’s also a flex. With antitrust heat cooling down under the new administration, Alphabet and other giants are seizing the chance to grow faster through acquisitions — while they still can.

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Startup Events and Deadlines

  1. FounderConnect: Startup Resources & Networking Expo | Today! | Boston

  2. Crash Course in Financial Modeling  | March 27 | Online

  3. YC Rejection Party | March 29 | Gurugram

  4. Techstars Columbus | Deadline: April 1 | USA

  5. Startup Grind Conference 2025 | April 19-30 | USA

  6. Entrepreneurs Roundtable Accelerator | Deadline: April 28 | USA

  7. Startup Battlefield 200 | Deadline: June 9 | Global

  8. Entrepreneur First London - Summer | Deadline: July 1 | UK

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