The day in tech.

Intel stock jumped about 11% after President Donald Trump posted on Truth Social that Apple agreed to work with Intel to design and build its chips in America. Neither Apple nor Intel has confirmed the arrangement, and no terms have been disclosed. Apple stopped buying Intel processors in 2020.

Turbo Law, a US legal tech startup founded in 2025 by Jay Sarmaz and Ozgur Bora Gevrek, raised $3.8 million in seed funding led by Revo Capital. The AI-powered platform helps defense law firms and insurers transform legal records into structured, real-time case insights for complex litigation.

Frontier Health, a London startup founded in 2024, raised $16 million in seed funding led by Atomico with firstminute capital and XYZ Venture Capital. Its AI agent JUNO targets NHS administrative workflows, not clinicians. At East Sussex Healthcare NHS Trust, JUNO saved 221 staff days over eight weeks and cut median emergency department time by nearly 22 percent.

Companies are scaling back AI usage as rising costs strain budgets, with one source describing the situation as having created a monster. The financial burden of AI deployment is prompting organizations to reassess their investments and limit usage. This shift marks a reversal from the previous rapid adoption trend.

AI demand is driving up prices for Nintendo and Sony products, turning them into accidental luxury goods. The trend reflects how semiconductor shortages and AI chip competition affect consumer electronics.

A major technology company is actively seeking investment from Wall Street to fund its artificial intelligence operations. The company is turning to financial markets for the substantial capital required to develop and deploy advanced AI systems. This strategy reflects the enormous costs associated with competing in the AI sector.

Tesla sales are rebounding in Europe despite widespread negative feelings toward CEO Elon Musk. The company is asking recent buyers to explain their purchase decisions.

About 200 companies accessing Mythos Preview through Project Glasswing have preserved their access despite a recent US government shutdown order. The companies continue to use the preview without interruption.

Barret Zoph, OpenAI's head of enterprise AI sales, has left the company five months after returning in January. Zoph had rejoined from Thinking Machines Lab, the competitor founded by former OpenAI CTO Mira Murati. OpenAI confirmed the departure.

Bitcoin slipped below $63,000 amid a broader global risk-asset sell-off, erasing gains tied to optimism over the US-Iran peace deal. Chart watchers warn a break below $59,000 to $60,000 could signal a deeper downturn, with some traders eyeing $45,000 as a next target. Ether fell 2.3% to $1,695, XRP dropped 3.2%.