Danny Lewis

Sellers using the Buy With Prime and multi-channel fulfillment services will see the surcharge starting May 2nd.

An Amazon spokeswoman says the company has so far absorbed higher fuel and logistics costs stemming from the war, but needs to implement the surcharge in order to recover some of its costs.

How much of these costs are then passed on to consumers is up to the sellers.

Amazon didn't provide a time frame for when the fuel surcharge would end.

And after a multi-year decline, U.S.

venture fundraising began to strengthen in the first quarter, but most of the capital went to a handful of large firms.

But so far this year, established firms like Andreessen Horowitz and Thrive Capital have raised the vast majority of this quarter's funds, widening the gap between the top of the market and the rest.

PitchBook's director of U.S.

venture research says institutional limited partners are being pushed to focus on proven fund managers as they deal with shifting regulations, geopolitical tensions, and over-allocation to venture capital.

And that's your TNB Tech Minute.

We'll be back this afternoon with more.

Here's your afternoon TNB Tech Minute for Thursday, April 2nd.

I'm Danny Lewis for The Wall Street Journal.

A federal regulator is suing three states over their attempts to ban sports and election-related betting on platforms like Kalshi and Polymarket.

In civil complaints filed today, the Commodity Futures Trading Commission argued that it has the sole authority to regulate contracts offered by prediction markets.

It asked federal courts in Arizona, Illinois, and Connecticut to block those states from applying their own gambling laws to prediction markets, which technically offer financial derivatives similar to commodities futures.

We exclusively report that OpenAI has acquired TBPN, an online talk show popular among Silicon Valley power players that aims to compete with Bloomberg and CNBC.

According to a memo sent by OpenAI's CEO of applications, the chat GPT maker bought the show in order to encourage constructive conversation around the changes brought by artificial intelligence.

OpenAI says TBPN will remain editorially independent, and the terms of the transaction were not disclosed.

The news comes days after OpenAI closed the largest funding round in Silicon Valley history, and as the company shifts its business to concentrate on serving businesses and developers.