President Trump Appoints Tech Leaders to PCAST Science and Technology Council

• Anthropic filed a lawsuit in San Francisco federal court on March 24, 2026, urging a judge to block the Pentagon's designation of the AI firm as a supply-chain risk. • The company described the label as 'unprecedented and stigmatizing,' amid a feud with the Trump administration over potential AI use in warfare. • A hearing occurred on Tuesday before Judge Lin, with Anthropic also filing a separate case in Washington, D.C. federal appeals court.

• Technology companies are collaborating with the energy industry to address surging electricity demands, announcing new ideas on March 25, 2026, in Houston. • Big Tech is shifting its approach by offering high-tech solutions to prevent grid failures amid rising power needs from data centers and AI. • The partnership aims to enhance grid reliability, countering previous calls for simply more electricity generation.

• Anduril demonstrated its AI-powered Lattice OS at the Hill and Valley Forum on March 24, 2026, for asset tracking and kill chain analysis. • The system supports autonomous defense in multi-domain environments, aiding U.S. military re-industrialization. • Used in drones and submarines, it addresses AI sorting challenges in high-stakes operations.

• Semiconductor design giant Arm revealed on March 25, 2026, it will market its own chips for the first time, aiming for $15 billion in annual sales. • CEO Rene Haas discussed the move in exclusive interviews, marking a shift from licensing designs to direct competition in AI and data center markets. • The announcement boosted SoftBank shares and highlights re-industrialization trends in U.S. tech supply chains amid AI demand.

• OpenAI announced on March 25, 2026, it is discontinuing support for its Sora video generation model and ending its collaboration with Disney. • The move follows challenges in scaling the technology amid competition and resource constraints in AI media tools. • This reflects broader pressures on AI firms to prioritize core models over experimental features, impacting Hollywood's generative AI adoption.

• Seagate Technology (STX.US) will go ex-dividend on March 25, 2026, with shareholders of record receiving a cash dividend of $0.74 per share payable on April 8, 2026. • The ex-dividend date marks the deadline for investors to hold shares to qualify for the upcoming dividend distribution, a common corporate action in the technology hardware sector. • Cash dividends provide shareholders periodic income distributions, though they may trigger tax consequences and can cause temporary share price adjustments equivalent to the dividend amount.

• U.S. equities showed mixed performance in early trading on Tuesday, March 24, 2026, with technology stocks under pressure while energy and financial sectors gained ground. • The mixed market action reflects ongoing uncertainty around Federal Reserve rate policy and its impact on different economic sectors, with tech facing particular headwinds. • Technology stocks continued to face selling pressure as investors reassess valuations amid expectations for interest rate changes and macroeconomic conditions.

• Edmonton-born startup Smart Access raised $12 million in Series A funding from Bay Area investors Lobby Capital, Aspenwood Ventures, and Coelius Capital to expand its digital workforce management platform. • The company, co-founded by Tim Regnier and John White, helps large distribution operations optimize training, safety programs, and adherence to standard operating procedures across their workforce. • Smart Access, which relocated its operating base to San Francisco while maintaining Edmonton roots since its 2015 founding, plans to scale deployments across North America using the new capital.

• Broadcom announced supply chain bottlenecks across the tech sector, particularly at TSMC, due to skyrocketing demand for AI chips on March 24, 2026. • The constraints affect networking, custom silicon, and data-center hardware critical for AI infrastructure beyond major model developers. • This highlights the AI hardware race creating opportunities for startups to innovate in chip manufacturing tools amid industry-wide shortages.

• Baker Hughes announced a collaboration with Google Cloud on March 24, 2026, to develop AI-enabled power optimization and sustainability solutions for data centers. • The Houston-based initiative targets efficiency in high-demand AI computing environments using advanced cloud technology. • This partnership addresses growing energy challenges in U.S. data centers powering AI workloads.

• Samsung began rolling out Quick Share with AirDrop interoperability on Galaxy S26 devices and additional models on March 24, 2026, enhancing cross-platform sharing for U.S. users. • The update improves file transfer compatibility between Android and iOS ecosystems. • This move strengthens Samsung's position in the competitive U.S. smartphone market.