Giants

• Iran's Revolutionary Guard Corps (IRGC) announced on March 31 that it will target 18 major US technology and industrial companies in the West Asia region starting 8 PM Tehran time on April 1 (1630 GMT), in retaliation for US and Israeli attacks on Iranian pharmaceutical facilities and leadership. • The hit list includes Microsoft, Google, Apple, Meta, Intel, IBM, Tesla, Nvidia, Boeing, HP, Cisco, Oracle, Dell, and others, accused of enabling high-tech warfare through AI, ICT, and satellite tracking for assassinations. • IRGC urged employees to immediately evacuate workplaces and residents within a one-kilometer radius to leave for safety, labeling the firms as 'terrorist companies' and promising destruction of their regional units.

Meta, TikTok, Snapchat and YouTube being investigated as eSafety releases update on compliance with social media ban. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, Krishani Dhanji here with you for another busy sitting day.Meta, TikTok, Snapchat and YouTube are being investigated for “potential non-compliance” under the social media ban, with the eSafety commissioner releasing a compliance update today. Continue reading...

• Tech companies including Palantir, Anthropic, and Anduril are increasingly partnering with the US Department of Defense, marking a significant shift from decades of strained relations between the tech sector and military. • Anduril announced a 10-year, US$20 billion contract with the US military, while Palantir's Maven data analytics platform and Anthropic's AI have been used extensively in operations against Iran, including defense against Shahed drones. • The collaboration represents what investors view as a lucrative opportunity, with traditional military contractors like Lockheed Martin and Boeing now joined by rising tech giants in supplying cloud computing, AI-powered drones, and advanced defense systems.

• U.S. lawmakers and Silicon Valley leaders are converging on policies to counter China's rapid AI advances, viewing it as a strategic economic battle. • House Speaker Mike Johnson urged tech firms to keep chips, data centers, and AI systems domestic and away from geopolitical rivals. • Proposed GAIN AI Act would mandate prioritizing U.S. access to advanced AI chips and require export licenses to countries of concern.

• Major companies—Amazon, Google, Meta, Microsoft, Oracle, OpenAI, and xAI—signed a federal pledge to provide their own electricity for AI data centers, shielding U.S. consumers from grid overload. • The commitment responds to exploding energy needs from AI infrastructure, following Meta's Louisiana gas plant initiative and similar efforts nationwide. • Industry leaders aim to prevent rate hikes and blackouts while fueling the AI boom central to U.S. tech competitiveness.

Government faces political fight as industry says mooted 25% levy on exports would hurt Australia’s economy and energy securityGet our breaking news email, free app or daily news podcastGas giants will lobby against any federal government moves to introduce a 25% export levy on windfall profits, as crossbenchers pressure the prime minister to redirect billions of dollars in “wartime profits” to Australians struggling amid the global energy crisis.It comes after the prime minister’s department asked Treasury to model the effects of placing a flat 25% tax on gas exports, the ABC reported on Friday, along with any further changes to the petroleum resource rent tax (PRRT) and corporate income tax. Continue reading...

• Eight leading technology companies, including Google, Amazon, and Microsoft, have pledged to share threat intelligence on fraudster misuse of their platforms, with the agreement announced ahead of the UN Global Fraud Summit in Austria on March 16. • The initiative focuses on collaborating against fraud and improving user security features, though the voluntary accord carries no penalties for companies that fail to meet commitments. • Rising fraud losses driven by AI-enabled realistic personas and messages have forced tech platforms to enhance security strategies and advocate for stricter regulations against global fraud syndicates.

• Eight leading tech companies, including Google, Amazon, and Microsoft, signed a voluntary accord on March 16, 2026, to share threat intelligence against fraudsters misusing their services. • The initiative precedes the UN Global Fraud Summit in Austria, focusing on AI-accelerated scams and cross-platform fraud syndicates. • Participants commit to enhancing user security features and supporting law enforcement, amid soaring U.S. fraud losses.

• Eight leading tech companies, including Google, Amazon, and Microsoft, have signed a voluntary accord to share threat intelligence on fraudsters misusing their services ahead of the UN Global Fraud Summit in Austria on March 16. • The initiative aims to counter AI-accelerated fraud tactics, where criminals use online forums and AI to create convincing personas and spread activities across multiple platforms. • Fraud losses have surged recently due to advanced technology enabling realistic deceptions, prompting calls for enhanced user security features and stricter law enforcement against global syndicates.

Exxon Mobil and Chevron shares surged over 20% year-to-date, reaching record highs as crude oil approached $100 per barrel due to supply fears. U.S. oil producers benefit from domestic output buffering global disruptions in the Strait of Hormuz. This sector strength offsets broader market declines, with the Dow down 6% monthly. Analysts warn of inflation risks persisting post-conflict.