April 11, 2026: Pay Attention When Markets Rise Despite Headlines

Despite a very unpredictable news environment, markets had a good week especially in AI related names. Last week, Dow Jones rose 3%, S&P 500 gained 3.6%, Nasdaq composite was up 4.7% U.S. venture fundraising showed signs of a rebound in Q1 2026, reaching US$47.8 billion, though capital remains concentrated in a few mega-firms. Anthropic reportedthat annualized revenue surged to US$30 billion, a 58% increase since February, while its valuation reached US$350 billion. Anthropic recently completed a share tender offer, but employees sold fewer shares then expected, signaling an expectation of future valuation increases. Anthropic announced on Tuesday that it will be providing access to its unreleased Claude Mythos model to more than 40 organizations, including Apple, JPMorgan Chase and the Linux Foundation, so they can test their software for security vulnerabilities. Federal Reserve Chair Powell and Treasury Secretary Bessent summoned leaders of major U.S. banks, to discuss the cybersecurity risks from Claude Mythos, sending software stocks lower in the week. OpenAI CFO Sarah Friar expressed some concerns over the company’s 2026 IPO readiness. Concerns are also mounting that a massive US$75 billion SpaceX listing could “suck the oxygen” out of the 2026 IPO market. In Canada, Blackline Safety entered a definitive agreement to be acquired by Francisco Partners for up to $850 million ($9.00–$9.50 per share), representing a significant premium. Stack Capital closed an upsized $31.25 million private placement, totaling $40 million in gross proceeds. In news pertaining to Sophic clients, Kraken Robotics successfully demonstrated its KATFISH autonomous launch and recovery system. Replenish Nutrients appointed Steven Glover, FCPA, as Special Advisor and Director nominee, adding significant governance and audit expertise as the company transitions toward high-margin granulation. Sophic Capital believes Cybeats could be positioned to benefit from the “AI Paradox”, as the company provides the essential SBOM management layer required to handle the resulting high volume of recent AI discovered 0-day vulnerabilities.

Sophic Client Kraken Robotics (PNG-TSXV, KRKNF-OTC) demonstrates KATFISH autonomous launch and recovery from SEFINE USV.

Kraken Robotics announces the successful integration and demonstration of its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system (LARS) from SEFINE’s RD-22 unmanned surface vessel (USV) in coordination with SEFINE SISAM (Strategic Unmanned Systems Research Center). The demonstration took place in Q1 2026 off the coast of İstanbul, Türkiye. “Recent developments underscore the importance of safeguarding critical maritime transit routes and underwater infrastructure, and autonomous mine countermeasure capabilities like KATFISH can play an important role in helping navies efficiently detect and classify mine-like objects,” said Bernard Mills, Executive Vice President, Defence at Kraken Robotics. “By combining SEFINE’s multi-role USV with Kraken’s cutting-edge KATFISH and USV LARS, navies can deploy advanced technologies faster and more efficiently, strengthening defence and maritime security in increasingly complex environments.” The demonstration focused on rapid detection and classification of mine-like objects and critical underwater infrastructure and was attended by several navies and government organizations. KATFISH delivered 3 cm x 3 cm resolution data at a range of 200 meters per side which was live streamed to a command center onshore, enabling real-time classification of contacts by operators with SEFINE SISAM’s mission planning software. The same KATFISH and USV LARS were demonstrated from a UK Royal Navy in-service 11-meter ARCIMS USV in November 2025. These joint integrations mark a major step forward in delivering agile, modular, and cost-effective mine countermeasure capabilities for modern naval operations. A video of the demonstration can be viewed at https://youtu.be/JIXapiCCeSA. https://tinyurl.com/467e22hw

Sophic Client Replenish Nutrients Holding Corp. (ERTH-CSE, VVIVF-OTC) announces Steven Glover as Special Advisor to the Board and Directornominee.

Replenish Nutrients Holding Corp., a leader in regenerative agriculture solutions, is pleased to announce that Steven Glover, FCPA, FCA, will join the Company as a Special Advisor to the Board of Directors, effective April 7, 2026. Mr. Glover will be nominated for election to the Company’s Board of Directors at its upcoming Annual General Meeting on June 19, 2026. Mr. Glover is an independent director nominee. Upon election, it is anticipated that he will serve as the Company’s audit committee chair. Mr. Glover brings nearly five decades of experience in accounting, financial oversight, and public-company governance, with a career spanning senior executive roles, regulatory and professional leadership, and extensive board and audit committee service. Mr. Glover currently serves as Lead Director and Audit Committee Chair of Genesis Land Development Corp. (TSX: GDC), where he provides oversight of financial reporting, enterprise risk management, and governance practices within a publicly traded environment. In addition to his professional background, Mr. Glover brings a deep personal connection to agriculture, having been raised on a multi-generation family farm in Ontario with direct experience in dairy, livestock, and cash-crop operations. His long-standing understanding of soil stewardship, farm economics, and long-term land productivity aligns closely with Replenish’s focus on soil health and regenerative agriculture. “Steven’s appointment adds significant financial and governance strength to our Board,” said Neil Wiens, CEO of Replenish. “His experience as an audit committee chair of a TSX-listed company and his deep understanding of public-company oversight will be invaluable as Replenish continues to grow and mature. In addition, his long-standing connection to agriculture and firsthand understanding of farm operations and soil stewardship further strengthen his fit with our mission and long-term strategy.” https://tinyurl.com/bdzeeuv3

Stack Capital Group Inc. closes upsized Best Efforts Concurrent Private Placement for $31.25 million; aggregate gross proceeds of $40.0 million.

Stack Capital closed its previously announced “best efforts” brokered concurrent private placement (the “Private Placement”) for total gross proceeds to the Company of $31,250,025 pursuant to the terms of an amended and restated agency agreement (the “Amended Agency Agreement”) whereunder the Private Placement was increased from $21,250,000 plus a 20% Agents (as defined below) option (the “Agents’ Option”) to $26,041,687 plus the Agents’ Option that was exercised in full pursuant to the Amended Agency Agreement. The Private Placement was led by Canaccord Genuity Corp., as lead agent and sole bookrunner, together with a syndicate of agents including Raymond James Ltd., TD Securities Inc. and RBC Capital Markets, as co-lead managers, and Wellington-Altus Private Wealth Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc. and Ventum Capital Markets (collectively, the “Agents”). Under the Private Placement, the Company issued 1,666,668 units (the “Units”) at a price of $18.75 per Unit (the “Offering Price”) for gross proceeds of $31,250,025. Combined with the closing of the Company’s “best efforts” brokered private placement of Units at the Offering Price on March 31, 2026 (the “LIFE Offering”), the Company issued an aggregate of 2,133,334 Units at the Offering Price for gross proceeds of $40,000,000. Members of Company management subscribed for approximately $1,000,000 of Units under the Private Placement. In addition, the Company obtained conditional approval from the Toronto Stock Exchange (the “TSX”) for the listing of the Unit Shares, Warrants not subject to a statutory hold period under Canadian securities laws, and the Warrant Shares (each as defined below) under the Private Placement, subject to final approval of the TSX. The Warrants not subject to a statutory hold period under Canadian securities laws will be listed under the symbol STCK.WT.C. The Company has applied to the TSX to list the Warrants subject to a statutory hold period expiring four months and one day following the date of distribution to list once the hold period has expired. Such listing will be subject to TSX approval. Each Unit consisted of one common share (a “Common Share” and the Common Shares comprising the Units being the “Unit Shares”) and one-quarter of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share (a “Warrant Share”) for a period of 24 months following the closing date of the LIFE Offering at an exercise price of $23.00 per Warrant Share, subject to adjustment in certain events. https://tinyurl.com/2yfr3n9f

Blackline Safety enters into Definitive Agreement to be acquired by Francisco Partners for up to $850 million.

$9.00 Cash Consideration per Share and up to $9.50 Total Consideration per Share represents a 28% and 35% premium to the 20-day VWAP of Blackline’s Shares on the TSX as of April 7, 2026. The cash-plus-CVR structure provides immediate value and liquidity for Shareholders while preserving the opportunity to potentially receive an additional cash payment if the Company achieves its near-term ARR target. Voting support agreements have been entered into by certain shareholders, as well as Blackline’s directors and senior officers, representing approximately 34% of the outstanding Shares, including irrevocable voting support agreements from several of the Company’s largest shareholders representing approximately 30% of the outstanding Shares. Blackline’s largest shareholder, DAK Capital Inc., owned by Daryl Katz, has agreed to exchange all of its Shares for shares of the Purchaser. Board unanimously recommends Shareholders vote in favour of the Transaction. https://tinyurl.com/ytuxnwm2

Mappedin eyes city-wide indoor mapping with US$24.5 million Series B round.

Kitchener-Waterloo-based software startup Mappedin has secured US$24.5 million in Series B financing to map indoor spaces at scale. The all-equity round was led by Nashville’s Edison Partners with participation from fellow new investor, Hong Kong-based Betatron Venture Group. Mappedin, which was founded in 2011, helps organizations create and maintain digital maps of complex indoor environments. Using AI and LiDAR (short for light detection and ranging, a remote sensing method), the company’s platform turns floor plans and spatial data into 3D, dynamic digital maps that can help with navigation, operations, analytics, and safety. https://tinyurl.com/mfvyxrr

BDC launches $150 million life sciences fund.

Canada’s largest VC has officially launched a new $150 million fund to directly invest in life sciences companies, years after retreating from the sector. The Business Development Bank of Canada (BDC)’s VC arm, BDC Capital, announced on Thursday that the new fund will invest in seed- and Series A-stage companies building therapeutic products and medical technologies. Both verticals fall under the broader life sciences umbrella, which includes everything from biotechnology, like vaccines, to medical devices used in surgeries. https://tinyurl.com/mr4esjwj

NYT claims Bitcoin creator is founder of Canadian company Blockstream.

The co-founder and CEO of Canadian crypto company Blockstream may be the mysterious creator of Bitcoin, at least according to a thorough new New York Times investigation. The article, published Wednesday morning, identifies the likely Bitcoin founder as Adam Back, a British-born computer scientist and cryptographer. Back has repeatedly dismissed speculation that he is Satoshi Nakamoto, the pseudonym used by the creator of the Bitcoin cryptocurrency. https://tinyurl.com/324wfpf2

Megafunds fuel rebound in VC fundraising.

U.S. venture fundraising began to strengthen in the first quarter after a multiyear decline. Still, the capital flowing back into the asset class is benefiting just a handful of firms. Venture funds in the U.S. raised US$47.8 billion through March, according to market-data firm PitchBook. That figure points to a significant recovery from last year, when venture funds collected just US$66.7 billion for the entire year, the lowest annual sum since 2017, according to PitchBook. https://tinyurl.com/3ssb94nv

OpenAI CFO questions 2026 IPO readiness.

OpenAI CEO Sam Altman and CFO Sarah Friar are diverging over the company’s timeline for an initial public offering as Altman pushes for a public debut as early as the fourth quarter, The Information reported. Friar has privately expressed concerns that the AI startup will not be organizationally ready for a 2026 IPO, questioning whether its slowing revenue growth can support Altman’s aggressively escalating US$600 billion server spending commitments. The tension mirrors a classic Silicon Valley divide between visionary founders and risk-averse finance executives, prompting Altman to exclude Friar from several discussions regarding the company’s infrastructure and capital strategies, the report said. https://tinyurl.com/4mtznc8a

Anthropic says it’s topped US$30 billion in annualized revenue.

Anthropic said Monday it had topped US$30 billion in annualized revenue, implying growth surged 58% since the end of February. The maker of the Claude chatbot has been rapidly narrowing its revenue gap with the larger OpenAI, which was generating US$25 billion in annualized revenue in February. A vast majority of Anthropic’s revenue comes from selling access to its AI models via an application programming interface, with the rest coming from subscriptions to premium features of its Claude chatbot. Annualized revenue has more than tripled from US$9 billion at the end of last year. This fast growth has increased the need for Anthropic to access compute to run and its models. The company on Monday also said it also struck a new deal with Google and Broadcom for multiple gigawatts of capacity of Google’s Tensor processing units from 2027 onwards. “We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development,” said Anthropic CFO Krishna Rao in the blog post. https://tinyurl.com/2cpfma32

Anthropic completes tender offer, but employees hold onto shares.

Anthropic employees have sold some equity to investors, wrapping up a secondary share sale that started earlier this year, according to people familiar with the matter. But some investors weren’t able to pick up as many shares as they planned because of the limited number that employees were willing to sell. The tender offer took place at the same value as the company’s most recent fundraising in February, said the people, who asked not to be identified discussing private information. The company was valued at US$350 billion in its latest deal, not including the US$30 billion it raised. The total value of the share sale, which closed last week, could not be learned — but it fell short of the amount that investors had lined up, which was as much as US$6 billion, some of the people said. Current and former employees wanted to hold more of their shares ahead of Anthropic’s upcoming initial public offering, expected as soon as this year. https://tinyurl.com/3ac39z8f

Perplexity’s ARR rises to US$500 million.

Perplexity’s annualized revenue run rate has more than doubled since the end of last year to US$500 million as of this week, said a person familiar with the situation, as demand for the AI firm’s new agent-based product drives subscription growth. Perplexity’s growth is the latest sign of how use of AI products is taking off this year among businesses. Anthropic reported earlier this week that its annualized revenue had hit US$30 billion compared with US$14 billion in mid-February. In late February, Perplexity introduced a new agent-based service called Computer, which manages various agents to perform specific tasks. Perplexity subscriptions offer credits for using the new service, so the Computer product has lifted demand for Perplexity subscriptions. https://tinyurl.com/58p43maf

Blockbuster SpaceX listing could suck the oxygen out of fragile IPO market.

As Elon Musk’s SpaceX closes in on a $75 billion IPO that could rewrite record books, concerns are mounting that others looking to list in 2026 may find it harder to get deals done under the shadow of the space venture’s headline-grabbing debut. U.S. markets, prized for their depth, face a critical test, as more than half a dozen analysts and industry experts told Reuters that the SpaceX deal would likely absorb an outsized share of ‌investor demand, squeezing out other hopefuls. “History tells us that a mega IPO like SpaceX can suck up the oxygen in the market. We saw that with Facebook in 2012,” said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. “IPOs are a major marketing event, and companies wouldn’t want the noise from a SpaceX offering to drown out coverage of their own deals. So, listing activity may die down a bit during the weeks surrounding the SpaceX IPO.” Companies have waited years on the sidelines for favorable IPO conditions after a prolonged dry spell. A listing like SpaceX, with its celebrity billionaire CEO, hot industry and deep-pocketed backers, could have provided the jolt others need to push ahead. Instead, its sheer scale threatens to overshadow others, with Wall Street banks and investors pouring a majority of their attention, and money, into the operator of the Starlink constellation of satellites. Thirty-five IPOs ⁠have priced so far this year, according to data from Renaissance Capital, down 37.5% from a year earlier. That could worsen in the months ahead, clouding hopes of a broader market resurgence in 2026.The IPO market has lined up its biggest pipeline in decades, analysts and bankers said. But the war in Iran, spiking oil prices, private credit concerns and AI-led disruption to legacy software firms have set a high bar for which deals successfully break through the volatility – and which ones get left behind. Now, alongside these disruptions, companies eyeing IPOs must also compete for attention in a market dominated by SpaceX headlines. The report added that if SpaceX raises between US$50 billion and US$75 billion, while OpenAI and Anthropic raise another US$50 billion combined, that would roughly match the total raised by U.S. VC-backed company IPOs over the past decade. https://tinyurl.com/ajffzep4

Strategy posts US$14.5 billion unrealized loss in first quarter.

Bitcoin accumulator Strategy Inc. registered a roughly US$14.5 billion unrealized loss in the first quarter as the value of the Michael Saylor-led company’s cryptocurrency holdings fell. Bitcoin tumbled more than 20% in the three months, the largest first-quarter drop for the notoriously volatile digital asset since 2018. Strategy held more than US$50 billion of cryptocurrency at quarter-end. The company adopted accounting standards last year that require changes in the fair value of its Bitcoin holdings to flow through earnings, driving multibillion-dollar swings in results. Strategy, formerly known as MicroStrategy, also said it bought 4,871 Bitcoin from April 1 through April 5 for about US$330 million, according to a US Securities and Exchange Commission filing Monday. The latest acquisition was funded through sales of Class A common stock and at-the-market sales of the firm’s Stretch preferred shares. The average purchase price was about US$67,700. The slide in Bitcoin since its record high last year pushed the value of Strategy’s holdings below their average purchase price of more than US$75,000 by the end of the quarter. Bitcoin traded near US$70,000 on Monday before paring gains. At its peak, Strategy shares traded far above the value of its holdings, allowing the company to issue new stock, buy more Bitcoin and repeat the cycle. But with that premium largely gone and capital markets tightening, the model has become harder to sustain. Now, co-founder and executive chairman Saylor is leaning more heavily on preferred shares to keep funding purchases. Selling common stock to buy Bitcoin dilutes existing shareholders. Issuing preferred shares avoids that dilution, but adds a fixed obligation. Saylor has been shifting between the two depending on market conditions and investor demand. For the model to hold, Bitcoin must appreciate faster than Strategy’s obligations compound. https://tinyurl.com/4fhddfje

Intel says it’s joining SpaceX and Tesla ‘Terafab’ project.

Intel says it’s now involved in a chip-making project led by Elon Musk’s companies SpaceX and Tesla, though neither company provided details on how they will work together or a timeline for the project. Musk announced plans for Terafab at an event in Texas last month, saying that it will eventually manufacture chips for Tesla’s vehicles and robots, as well as SpaceX satellites. He did not provide a timeline or estimated cost for the project. Tesla currently uses AI4 chips manufactured by Samsung in its vehicles, while SpaceX subsidiary xAI is a large Nvidia customer. In a Tuesday morning post on X, Intel shared an image of Musk and Intel CEO Lip-Bu Tan shaking hands and said it would “join” the project, known as Terafab. Intel said its ability to “design, fabricate, and package ultra-high-performance chips at scale” will “help accelerate” Terafab. Tesla and SpaceX did respond to requests for comment. Intel declined to comment beyond the X post. Intel shares were up 2% early Tuesday. https://tinyurl.com/3zrtkb68

Broadcom stock pops after the chip giant inks fresh AI deals with Google and Anthropic.

Broadcom stock jumped 4% on Tuesday, extending a week of gains. The chip maker has been battling high volatility since 2026 began and is currently down 7% year-to-date. Broadcom’s positive stock momentum on Tuesday can be attributed to two new deals. The company announced on Monday in an 8-K filing that it has entered into a long-term agreement with Google to develop custom Tensor Processing Units (TPUs), a type of AI chip designed to support machine learning workloads. On the same day, Anthropic announced that Broadcom will help supply TPU compute capacity for its increasingly popular Claude platform. Anthropic also revealed a similar deal with Google, signaling that it is maneuvering quickly to continue scaling as demand surges. https://tinyurl.com/3dfh492c

Intel stock jumps after it joins Elon Musk’s Terafab chip-building moonshot.

Elon Musk’s chipbuilding megaproject has a new partner: Intel. The US chipmaker said on Tuesday it would join SpaceX, xAI, and Tesla to help build Terafab, an ambitious plan to construct a series of enormous semiconductor fabs to produce chips for robotaxis, humanoid robots, and solar-powered data centers in Space. https://tinyurl.com/bdf4cau2

Meta unveils new AI models.

Meta Platforms CEO Mark Zuckerberg has announced the availability of a new family of AI models on Wednesday. In a Threads post, Zuckerberg said the company is releasing its first model, Spark, as part of a broader suite of models called Muse. Spark will power Meta AI, the company’s internally developed AI assistant. He added that it is “particularly strong in areas related to personal superintelligence,” including visual understanding, health, social content, shopping, games, and more. The Meta chief also said the parent company of Facebook, Instagram and Threads plans to release agent-based products alongside increasingly advanced models in the future, including open-source releases. Spark is the first AI model to emerge from the company’s AI division, Meta Superintelligence Labs, which was formed nine months ago. Last year, Meta faced challenges with the performance of its large language model, Llama 4, prompting it to delay the model’s release. When Meta eventually launched two versions of Llama 4, named Maverick and Scout, some developers expressed disappointment with the software’s performance. https://tinyurl.com/44xj55c2

Meta expands cloud deals with CoreWeave to US$35 billion through 2032.

Meta Platforms has agreed to spend an additional US$21 billion renting artificial intelligence chips from cloud provider CoreWeave from 2027 through 2032, bringing its total potential spending on CoreWeave to US$35 billion. The latest commitment is on top of an earlier deal Meta had to spend US$14 billion with CoreWeave through 2031. CoreWeave said in a filing with the Securities and Exchange Commission that the deal hinges on CoreWeave’s “satisfaction of delivery and availability of service requirements,” meaning it must provide Meta with reliable compute to fulfill the contract terms. Either party can terminate the deal “for cause,” the filing said. Earlier this year Meta signed a deal to spend up to US$27 billion renting Nvidia chips from cloud provider Nebius. Meta plans to spend as much as US$135 billion this year in capital expenditures. https://tinyurl.com/32f8zndy

CoreWeave strikes multi-year deal with Anthropic.

CoreWeave, a provider of cloud computing for AI, on Friday said it had struck a multi-year deal to develop and run Anthropic’s Claude AI models. The company expects the first servers to come online for Anthropic later this year. The two companies didn’t disclose the size of the deal. This is Anthropic’s first agreement to use CoreWeave and follows a surge in demand, which will likely drive up its compute needs. On Monday it said its annualized revenue jumped to US$30 billion this week, up from US$9 billion at the end of last year. This week, Anthropic also announced a new deal with Broadcom and Google to bring more than 3.5 gigawatts of server capacity online starting in 2027. Anthropic previously discussed securing at least 10 GW of capacity over the next several years. OpenAI told investors this week that its warchest of billions of dollars worth of compute gives it an advantage over Anthropic. https://tinyurl.com/mvj2skjz

Anthropic signs 3.5 Gigawatt deal with Broadcom and Google for TPUs.

Broadcom said Monday that it would supply Anthropic with access to around 3.5 gigawatts of Google’s tensor processing units starting in 2027. The chip designer’s update, made in a securities filing, expands a previous partnership to supply Anthropic with about 1 gigawatt worth of TPUs. Broadcom said in the filing that the agreement is “dependent on Anthropic’s continued commercial success.” Broadcom shares jumped 3% after hours. Anthropic Chief Financial Officer Krishna Rao said in a separate statement that the Broadcom deal represents the Claude-maker’s “most significant compute commitment to date to keep pace with our unprecedented growth,” and he signaled that the investment would be supported by the firm’s booming revenue growth. The company recently topped US$30 billion in annualized revenue, implying growth surged 58% since the end of February. The compute deal is an expansion of Anthropic’s November 2025 announcement that it would invest US$50 billion in data centers in the U.S. That deal was announced in partnership with startup Fluidstack, which leased data centers backstopped by Google to provide TPUs to Anthropic. https://tinyurl.com/35ffvbzx

Anthropic announces AI cybersecurity project powered by Claude Mythos model.

Anthropic announced on Tuesday that it will be providing access to its unreleased Claude Mythos model to more than 40 organizations, including Apple, JPMorgan Chase and the Linux Foundation, so they can test their software for security vulnerabilities. Anthropic says that Claude Mythos is significantly better at identifying and exploiting vulnerabilities compared to prior models. Anthropic said in the blog post that in recent weeks, it was able to use the AI to identify “thousands of zero-day vulnerabilities” in “every major operating system and every major web browser” including Linux and OpenBSD. Anthropic said that it does not plan to make the version of Claude Mythos it’s sharing with these partners generally available, but it hopes to eventually “enable…users to safely deploy Mythos-class models at scale” once it develops the necessary safeguards. The company also said that it would donate US$100 million worth of model usage credits to Project Glasswing, its name for the partnership with companies testing their software. Anthropic is also donating US$4 million in cash to open-source security organizations. After those donations run out, Claude Mythos Preview will be available to partners at US$25 per million input tokens and US$125 per million output tokens—five times more expensive than its most advanced model today. https://tinyurl.com/bd7huzsd

AWS CEO says Claude Code won’t replace SaaS.

Amazon Web Services CEO Matt Garman on Tuesday played down the idea that Anthropic’s highly-praised Claude Code tool could undercut existing enterprise software companies. But Garman warned that if incumbent software firms try to “protect what they have and not lean in” to AI, “they’re in trouble.” Speaking during the HumanX conference in San Francisco, Garman said the idea that companies could use Claude Code to write software to handle customer relations management—a widely used enterprise software product sold by firms like Salesforce—was “overblown.” He acknowledged that AI could be “enormously disruptive” to software but it was also a “huge opportunity,” given they “know a lot about the areas they operate in [and] they have a large existing customer base” as well as a “huge trove of existing data.” “They know more about their area, the edges of their software…and so they are in a better position to build the next generation of AI enabled products,“ he said. Still, he said that everybody running an existing enterprise software firm “should really be questioning what are the things I should do differently.” Garman’s comments are noteworthy given that AWS’ parent Amazon is a shareholder in Anthropic and AWS is a major cloud provider of Anthropic models. AWS also offers businesses access to a wide range of enterprise software products sold by other firms. https://tinyurl.com/yc3fv7ar

App Store sees 84% surge in new apps as AI coding tools take off.

Thanks to the new possibilities afforded by AI coding tools, the App Store is seeing a resurgence in new app submissions, even as Apple continues to take issue with some of the ways these apps are built and behave. Here are the details. Amid app submission surge, Apple turns to AI to scale App Store review. The Information reports that while new app submissions to the App Store fell 46% between 2016 and 2024, “the number of new apps that showed up in the App Store globally suddenly exploded” last year, “growing 30% to nearly 600,000 compared to 2024.” The report, based on Sensor Tower data, suggests that the main contributors to the surge in new apps are vibe coding tools such as Anthropic’s Claude Code and OpenAI’s Codex. https://tinyurl.com/4t6ewjte

OpenAI suggests industrial policies for Superintelligence.

OpenAI suggested possible tax changes and a four-day work week as part of a range of potential industrial policies to prepare for the arrival of smarter-than-human AI systems it is developing. The ideas came in a 13-page document issued Monday. OpenAI also said it is setting up research grants of up to US$100,000 and API credits worth up to US$1 million for work on the proposed policies. “Unless policy keeps pace with technological change, the institutions and safety nets needed to navigate this transition could fall behind,” said the document, comparing the necessary policy response to the New Deal. OpenAI said that past policy efforts helped make electricity and airplanes widely safe, but given the rapid pace of AI progress, there is less time to prepare for superintelligence than past technologies. In a list of both economic and AI safety interventions, OpenAI advocated for workers to use AI to start their own companies and for tax changes to fund welfare programs and incentivize worker retraining. It said AI’s enhancements to labor productivity could enable experiments with a four-day workweek. And the company endorsed international collaboration on model evaluations, as well as auditing standards for the safety practices of AI companies. It also said that audits might be necessary in the future for models that could develop weapons of mass destruction. https://tinyurl.com/7rtzu4xa

Tesla considers producing smaller, cheaper SUV.

Tesla is considering building a new SUV that would be smaller and cheaper than its current vehicle models, Reuters reported on Thursday. The vehicle is under early development and would initially be produced at Tesla’s factory in Shanghai if the company decides to move forward with production, according to the report. Producing a more affordable SUV could help Tesla revive growth in its vehicle business, which has been losing market share around the world to cheaper vehicles from Chinese competitors like BYD. The plan would be a serious reversal for Tesla—in 2024, CEO Elon Musk killed a plan for a US$25,000 SUV to focus instead on robotaxis and humanoid robots. Tesla vehicle deliveries were up 6% year-over-year in the first quarter of 2026, though still lower than the same period in 2024 and 2023, the company disclosed last week. Tesla is due to report first-quarter financial results on April 22. https://tinyurl.com/5bk4waux

Powell, Bessent said to invite bank leaders to discuss Anthropic’s Mythos.

Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent on Tuesday summoned leaders of the major U.S. banks, including Citigroup, Bank of America and Wells Fargo, to discuss the cybersecurity risks from Anthropic’s new model, Claude Mythos, Bloomberg reported. The gathering underscored concern from U.S. regulators of the risks that advanced AI models pose to the banking system. The same day, Anthropic announced it would provide access to Mythos to only 40 organizations, including Apple, JPMorgan Chase and the Linux Foundation, so they can test their software for security vulnerabilities. At the time, it said it had been holding “ongoing discussions with US government officials” about the model and its offensive and defensive cyber capabilities. Mythos made waves even before this week’s announcement after a draft blog post from Anthopric, mistakenly made public, said the new flagship model that could be used by hackers to “exploit [security] vulnerabilities in ways that far outpace the efforts of defenders.” https://tinyurl.com/s89xmwh3

Robinhood, BNY to build Trump accounts app.

The U.S. Department of the Treasury said Monday that Bank of New York Mellon will be the designated financial agent for Trump accounts. BNY will officially manage the initial accounts and has partnered with Robinhood to develop a yet-to-be-released Trump accounts app, according to an announcement on CNBC’s “Squawk on the Street.” Launching on July 4, the tax-deferred investing accounts for children include a one-time US$1,000 deposit from the Treasury for kids born between 2025 and 2028. BNY, along with several other large employers, previously pledged to match the Treasury’s $1,000 seed money for children of U.S. employees. As of March 31, taxpayers had signed up more than 4 million children for Trump accounts, and more than 1 million were eligible for the Treasury’s US$1,000 pilot program contribution, according to the IRS. https://tinyurl.com/bddthy6d

Amazon considers selling AI chips beyond AWS.

Amazon’s chip business has reached an annual revenue run rate of more than US$20 billion, CEO Andy Jassy said on Thursday in his annual shareholder letter, up from the more than US$10 billion Jassy disclosed on an analyst call in February. Amazon sells access to standard Graviton CPU chips as well as Trainium chips, which are custom-built for AI, through its Amazon Web Services cloud business. Jassy said that the business would have hit around a US$50 billion run rate if Amazon sold chips directly to outside firms, and demand was so high that “it’s quite possible” Amazon would sell racks of its chips to third parties in the future. Rival cloud provider Google has discussed selling its chips to customers like Meta to use in their own data centers as opposed through Google’s cloud business. Jassy said that AWS’ AI revenue run rate was over US$15 billion for the first quarter. It’s not clear what Amazon counts as AI revenue, and that figure represents a small part of overall AWS revenue, which was running at roughly US$142 billion in annualized revenue earlier this year. https://tinyurl.com/4p8awwe8

Anthropic considers designing its own chip.

Anthropic is exploring potentially designing its own chips, according to a report in Reuters, though the effort remains in its early stages. Developing in-house silicon would take significantly longer than striking additional cloud deals to ease its near-term compute constraints. Still, Anthropic wouldn’t be alone: a growing number of companies—including OpenAI, Meta and Amazon Web Services—are pursuing custom AI chips in an effort to reduce their reliance on Nvidia. https://tinyurl.com/kka3j6a9

Google will use Intel chips in data centers.

Google has committed to use future generations of Intel’s central processing unit chips for multiple years in its data centers, the companies announced on Thursday. The announcement is a win for Intel, which received a US$9 billion investment from the U.S. last fall after its shares dropped more than 50% in 2024. On Tuesday, Intel also said that it would participate in Tesla and SpaceX’s “Terafab” chip-making project, although details of that deal were similarly light. Intel’s stock closed 4.7% higher on Thursday. In addition to using the CPUs, known as Xeon chips, Google will also work with Intel to codesign infrastructure processing units which handle functions like networking, storage and security. Google and Intel didn’t disclose financial terms or purchase commitments of the deal. The rise of AI agents has driven a boom in CPUs, which are good at running general purpose tasks. https://tinyurl.com/yn3asthe

Sophic Client Replenish Nutrients Holding Corp. (ERTH-CSE, VVIVF-OTC) – Replenish It and They Will Come.

In Sophic Capital’s The Fertility Problem: Soil Degradation report, we examined how modern agriculture relies heavily on synthetic fertilizers focused on nitrogen (N), phosphorus (P), and potassium (K). While this approach has delivered strong crop yield gains over the past several decades, it can lead to declining soil productivity, requiring farmers to apply increasing amounts of fertilizer to maintain yields. At the same time, fertilizer markets have experienced significant price volatility, driven by energy costs, global supply chains, and geopolitical disruptions. For many growers, fertilizer has become one of the largest variable expenses in crop production. As a result, farmers are increasingly searching for better nutrient systems, not simply organic alternatives, but solutions that improve nutrient efficiency while restoring soil biology. This growing problem is creating demand for next-generation fertilizer systems that can maintain yields while improving long-term soil productivity. These dynamics are contributing to a shift in how nutrients are produced, applied, and evaluated across the agricultural value chain. In our last report, Replenish Nutrients: Beyond ‘Meat & Potatoes’ Soil Fertility, we introduced Sophic Capital client Replenish Nutrients Holding Corp. [CSE: ERTH, OTC: VVIVF] (the “Company”) (“Replenish”). Replenish has developed a biologically integrated fertilizer platform designed to improve nutrient efficiency, support soil biology, and address long-term soil degradation associated with conventional high-salt fertilizer systems. Their ‘secret sauce’ is microbe delivery. The Company takes raw, natural minerals (rock phosphate, elemental sulfur, and potash) and blends them with organic matter and proprietary biology. This ensures that the nutrients are released only when the soil’s microbes are active, preventing leaching and runoff. Replenish’s core product portfolio targets different aspects of soil function. SuperKS focuses on unlocking nutrients that are already present but unavailable to crops, HESO is designed to accelerate nutrient cycling and improve soil biological activity, and Rebuilder is positioned as a soil restoration product that helps break down residue and rebuild soil structure over time. Together, these products form a complementary platform intended to support both crop productivity and long-term soil health. Replenish has also developed patented granulation and pelletization processes that allow these biological systems to be delivered in a dry, stable fertilizer format compatible with conventional farm equipment. This compatibility is critical for large-scale agriculture. Farmers can apply the product using standard spreading equipment, eliminating the need for specialized application systems. To move from field validation to global scalability, Replenish required a dedicated manufacturing hub to refine and commercialize its patented granulation processes. As part of that evolution, Replenish has intentionally began transitioning away from its $17 million legacy blending business (7-12% margins) to focus on patented granulation and pelletization, which is expected to generate 20-30+% margins at scale. Recent revenue declines reflect this intentional business transition, not a loss of market share. Replenish reported $3.8 million revenue through Q3 F2025, with the seasonally stronger Q4 and Q1 periods still to be reported. The investment thesis is now underpinned by achieving scale, as opposed to product development. The Beiseker facility is key to validating this thesis. https://tinyurl.com/bdhw535h

Sophic Client Cybeats Technologies Corp. (CYBT-CSE,CYBCF-OTCQB) The AI Paradox – Why Mythos is a Major Tailwind for Cybeats.

We believe the market is mispricing the “AI risk” to security software. The more vulnerabilities AI finds, the more essential the SBOM management layer becomes. Cybeats sits at the epicenter of this shift. We’ve followed their progress closely and I’d be happy to jump on a quick call to walk you through the specifics of their recent contract wins or send over a more detailed deck. While the broader market is focused on the “threat” of Anthropic’s new Claude Mythos model (Project Glasswing) and its ability to autonomously find zero-day vulnerabilities, this could be a compelling demand catalyst for Cybeats (CYBT). The industry bottleneck is shifting from vulnerability discovery, which is now becoming automated and hyper-accelerated by AI to vulnerability management and orchestration. Cybeats is uniquely positioned as the “System of Record” for this new reality. Vulnerability Volume Explosion = TAM Expansion. Mythos is already identifying thousands of vulnerabilities across legacy and embedded codebases (some 20+ years old). This creates a “technical management debt” that cannot be handled by manual spreadsheets or siloed tools. We expect this could drive more rapid enterprise adoption of SBOM Studio as the centralized repository for vulnerability lifecycle management. The End of “Responsible Disclosure” Windows. With AI discovering flaws in real-time, the traditional vendor-led disclosure cycle is effectively broken. Organizations can no longer wait for official advisories. Cybeats provides the independent, proactive visibility required for firms to monitor their own exposure without relying on third-party vendors. Shift from “If” to “Where” (Impact Analysis). In a Mythos-enabled world, knowing a bug exists is commoditized; knowing the blast radius, or impact, is the high-value prize. Cybeats’ ability to map vulnerabilities to specific products and components at scale while determining the exploitability of those vulnerabilities is a critical differentiator for CISOs needing to answer board-level questions on exposure in minutes, not weeks. Downstream “Transparency Pull”. We anticipate this could lead to growth in SBOM Consumer demand. As software producers struggle with the Mythos-driven volume, their customers will mandate real-time transparency into “Are we affected?” Cybeats facilitates this dual-sided data exchange, providing efficient, continuous monitoring for newly discovered vulnerabilities, creating a powerful network effect. Recent Momentum. Following the Feb 2026 Keysight OEM partnership, Cybeats is already demonstrating commercial scalability. We view the Mythos launch as a “force multiplier” for their existing sales pipeline. Please see below for a more rounded overview of the Company. Cybeats is currently one of the most compelling plays in the cybersecurity infrastructure space, specifically in Software Bill of Materials (SBOM) management. An SBOM is like a Hardware Bill of Materials – think of it as an ingredients list for your software. As software is comprised of several components and many can be off-the-shelf they can have vulnerabilities. Governments for this reason have introduced regulations across the software supply chain to manage these vulnerabilities. Cybeats offers a platform to monitor SBOM’s 24/7 for vulnerabilities and is the market leader with major customers like Emerson, Schneider Electric, Becton Dickinson, and many others. While many standard SaaS names are seeing “seat compression” due to AI, Cybeats is positioned in a “must-have” regulatory category that is seeing tailwinds. As the industry moves toward mandatory compliance (like the FDA 524B for medical devices and the EU Cyber Resilience Act), companies are being forced to prove what is inside their software supply chains and monitor them 24/7. Here is why the timing is right to look at them now: Regulatory Tailwinds: They serve highly regulated sectors, medical devices, telecom, and defense, where SBOM compliance is no longer optional. High-Value Enterprise Focus: Their average enterprise contract at full deployment is over $700,000 (roughly 3x the average SaaS offering), with an 85% pilot-to-commercial conversion rate. Strengthened Balance Sheet: They recently cleared $1.2 million in debt via an equity settlement and secured $4.7 million in funding from institutional backers. Growth Trajectory: Management is targeting a $6 million revenue run rate by the end of the second half of 2026, and the stock is trading at a significant discount to historical SBOM acquisition multiples (which have reached 7x – 10x revenue). For a more complete presentation and Q&A with management watch this Business Breakdown video recorded earlier this year: https://tinyurl.com/27avx7bp

Sophic Client Cybeats Technologies Corp. (CYBT-CSE,CYBCF-OTCQB): From Static Inventory to Real-Time Defense: Why the SBOM conversation has to change now.

When the next widely exploitable vulnerability appears, your organization will have far less time to respond than the processes you have built were designed to handle. That is not a prediction. It is what the data shows, and it is already changing what it means to have a mature software supply chain security practice. This piece is built around three questions. They are operational, not theoretical. Most organizations working in software supply chain security today cannot answer all three reliably. That gap is about to become the most consequential variable in the field. The Window Is Gone. Vulnerability management has always assumed time. A researcher finds an issue, discloses responsibly, and defenders have a window to patch before exploitation occurs. That assumption shaped everything: tooling, team structures, patch cycles, board reporting cadences. Recent KEV-based analyses show the average time between disclosure and exploitation has dropped dramatically over the past decade. In 2018 typical time-to-exploit was measured in years. By 2022 it had fallen to months. By 2024 to days. In some cases exploitation now begins within hours of disclosure, and the average time between disclosure and operational weaponization continues to shrink. The direction is not reversing. Regulatory expectations are moving in the same direction. Federal acquisition policy, secure-by-design guidance from CISA and partner governments, and implementation timelines under the EU Cyber Resilience Act all assume organizations can rapidly identify where vulnerable components and cryptographic dependencies exist across their software portfolios. The reason is not simply that attackers have become more capable. Capability itself is being automated. AI systems like Anthropic’s Claude Mythos can now chain separate vulnerabilities into working exploits with minimal on no human involvement. They can scan codebases at a scale and speed no research team can match. And crucially, this happens across many actors at once. The practical consequence, as Forrester Research noted in its April 2026 analysis of Project Glasswing, is that the same vulnerability will no longer be discovered once. It will be discovered multiple times, by different actors, at roughly the same time. Some will follow responsible disclosure. Some will not. The find-report-fix model assumed a single discoverer and a linear timeline. Neither assumption holds. The limiting factor in security is no longer the ability to find problems. It is the ability to absorb, prioritize, and act on them before adversaries do. Project Glasswing is an Anthropic-led initiative giving critical infrastructure partners and open-source maintainers early access to frontier AI vulnerability discovery capabilities for defensive use. It buys time. But similar capabilities are likely to diffuse beyond controlled environments, and nation-states are developing their own independently. The window Glasswing creates is real. It is not permanent. Three Questions. Answer Them Honestly. When a zero-day lands and the exploit is already circulating, your SBOM practice will be tested against three questions. Not against your schema compliance. Not against your generation tooling. Against these: 1. Do you know where this component version exists across every product you ship and operate, across your entire portfolio, right now? 2. Can you determine your blast radius, which products are affected, which customers are exposed, and what the downstream dependencies are, in hours rather than days? 3. Can you communicate that risk clearly to operators and customers, before they hear about it from someone else? If any of those answers is not a reliable yes, that is the gap. Not a format gap. Not a schema gap. An operational gap. https://tinyurl.com/588wn8rj