Michael Nuñez / VentureBeat:
Microsoft debuts MAI-Image-2-Efficient, a faster version of its flagship text-to-image model, which it says offers production-ready quality at ~50% the cost  —  The release, available immediately in Microsoft Foundry and MAI Playground with no waitlist, marks the fastest turnaround yet …

Dominic-Madori Davis / TechCrunch:
Pillar, which helps businesses driven by commodities, like metals, manage financial risk, raised a $20M seed led by a16z, bringing its total funding to $23M  —  Pillar, a platform that helps commodity-driven businesses (like those in metals, food, and airline companies) manage financial risk …

Allie Garfinkle / Fortune:
Sygaldry, which wants to design AI data center servers that integrate quantum hardware and classical chips, raised a $34M seed and a $105M Series A  —  Senior Finance Reporter And Author Of Term Sheet  —  Chad Rigetti has devoted his career to quantum computing—a phrase you've perhaps …

Oliver Knight / CoinDesk:
A malicious Ledger Live app clone available via Apple's App Store appears to have drained about $9.5M from over 50 victims between April 7 and April 13  —  A malicious Ledger Live clone slipped onto Apple's App Store, draining millions from dozens of victims across multiple blockchains in a week-long phishing campaign.

Bloomberg:
Source: US Treasury CIO Sam Corcos aims to gain access to Mythos as soon as this week, and directed the Treasury's cybersecurity team to prepare for AI threats  —  The US Treasury Department's technology team is seeking to gain access to Anthropic PBC's Mythos AI model so it can begin hunting …