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April 3, 2025, 1:15 PM
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memeorandum
WeSmirchTop News
| Kif Leswing / CNBC: |
Tech stocks fall after President Trump announced new global tariffs: Meta drops as much as ~8%, Amazon drops ~7%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3% — Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced …
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| Tripp Mickle / New York Times: |
Apple shares drop 7%+ after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production from China — The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.
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Forums: r/technology, r/apple, r/geopolitics, and MacRumors Forums
| Dominic Preston / The Verge: |
The White House appears to have used an oversimplified calculation that several major AI chatbots recommend to calculate reciprocal tariffs — ChatGPT, Gemini, Grok, and Claude all recommend the same “nonsense” tariff calculation. … When President Donald Trump began yesterday's announcement …
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Forums: r/technology, r/artificial, r/politics, r/politics, and r/europe
| Spencer Soper / Bloomberg: |
The White House says de minimis tariff exemptions for up to $800 packages from China and Hong Kong will end on May 2, affecting marketplaces like Temu and Shein — De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
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| Tanaya Macheel / CNBC: |
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| Bloomberg: |
Sources: Microsoft has halted talks for, or delayed development of, data center projects in Indonesia, the UK, Australia, Illinois, North Dakota, and Wisconsin — The software company has recently halted talks for, or delayed development of, sites in Indonesia, the UK, Australia, Illinois …
More: Quartz, Sherwood News, WinBuzzer, The Ankler, crypto.news, and Cryptopolitan
| The Information: |
Sources: Google is in advanced talks to rent Nvidia Blackwell chips from CoreWeave, highlighting how Nvidia customers are struggling with AI chip availability — Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave …
More: Cautious Optimism, DatacenterDynamics, WinBuzzer, Benzinga, and TipRanks Financial
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| Kyle Wiggers / TechCrunch: |
OpenAI says 130M+ ChatGPT users have generated 700M+ images since the feature's March 25 launch, and India is now the fastest-growing ChatGPT market — OpenAI's new image-generation feature is on track to be one of the company's most popular product launches ever.| Samuel Stolton / Bloomberg: |
Sources: Ireland's DPC will fine TikTok €500M+ before the end of April for illegally shipping European users' data to China, after a lengthy GDPR investigation — The penalty is likely to be the third highest ever penalty under the GDPR following earlier fines of €1.2 billion … | Madhumita Murgia / Financial Times: |
Q&A with Christopher Bishop on leading Microsoft's AI for Science lab, why scientific discovery will be AI's single most important application, and more — The AI for Science lab director discusses the technology's capability to accelerate time-consuming research| Anton Shilov / Tom's Hardware: |
Intel unveils a new slogan, “That's the power of Intel Inside”, bringing back its Intel Inside theme from 1991; its current marketing focuses on its Core series — From inside to outside? — Ever since Intel launched its ‘Intel Inside’ campaign in 1991, its brand identity … | Jessica Testa / New York Times: |
Spotify debuts new ad tools, including an AI tool in the US and Canada that generates scripts and voiceovers, and pitches itself to advertisers as “nutritional” — After finally achieving profitability, the streaming platform wants to be a healthy alternative to “doom scrolling.”| Jake Bleiberg / Bloomberg: |
Sources: Oracle told some clients this week that hackers stole old login credentials, the second breach that Oracle acknowledged to clients in the past month — - FBI investigating the breach, software company told clients — Oracle informed health-care customers of separate March hack
More: BleepingComputer, PYMNTS.com, CSO, Forbes, and InfoRiskToday.com
| Bloomberg: |
AI video startup Runway raised $308M led by General Atlantic, sources say at a $3B+ valuation, and plans to hire more filmmakers, screenwriters, and others — The deal, which is set to be announced Thursday, pushes Runway's value to just over $3 billion, according to people familiar … | Financial Times: |
Samsung has turned to Chinese customers like Baidu to prop up its ailing chip business; SemiAnalysis says Samsung is the “biggest supplier of HBM into China” — Deals with Chinese tech giant Baidu come as South Korean giant loses ground in US and navigates Washington's curbs| Sergiu Gatlan / BleepingComputer: |
Europol says German and Dutch authorities shut down Kidflix, a CSAM dark web streaming platform with 1.8M users between April 2022 and March 2025, on March 11 — Kidflix, one of the largest platforms used to host, share, and stream child sexual abuse material (CSAM) on the dark web … | Andrew Webster / The Verge: |
Nintendo Switch 2 hands-on: larger than the Switch but not uncomfortable, flagship games show off the system well, and the Joy-Con's mouse-like mode is precise — The value proposition of the Nintendo Switch 2 may seem pretty clear, but it's much more obvious when you use one.
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| Taylor Soper / GeekWire: |
Portland-based Hydrolix, a data lake service that offers a repository for log data, raised an $80M Series C led by QED, bringing its total raised to $148M — GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter …
More: Oregonian, Portland Business Journal, and Hydrolix
| Laya Neelakandan / CNBC: |
Adaptive Security, which simulates AI-powered cyberattacks, raised $43M co-led by OpenAI and a16z, marking OpenAI's first investment in a cybersecurity firm — WATCH NOW — Artificial intelligence cybersecurity company Adaptive Security announced Wednesday that it closed a $43 million funding round …
More: Adaptive Security, WinBuzzer, SecurityWeek, CryptoSlate, VC News Daily, and SiliconANGLE
| Kaya Yurieff / The Information: |
Source: President Trump plans to announce TikTok America, a company that is ~50% owned by US investors and 19.9% by ByteDance, which would license the algorithm — President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America … | Wall Street Journal: |
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X: @chrisharihar, @cgasparino, and @jtoonkel
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