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April 3, 2025, 1:40 PM
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memeorandum
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| 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 …
More: The White House, The White House, TechPowerUp, Bloomberg, Marcus on AI, ZDNET, AIN, Fortune, Times of India, TechSpot, New York Post, Kotaku, Deseret News, Coinpedia Fintech News, The Crypto Basic, Forbes, NPR, New York Times, Wall Street Pit, MEDIANAMA, Verdict, Cointelegraph, New Jersey Online, Chicago Boyz, Bloomberg, The Register, Polymarket, The Hill, Channel News, PCMag, The Verge, TipRanks Financial, NBC News, United States Trade …, and Watcher Guru
Bluesky: @carnage4life. X: @jamessurowiecki, @mhdempsey, @saylor, @levie, @jtlonsdale, @cobie, @lhsummers, @benbajarin, @typesfast, @sullyomarr, @alecstapp, @lhsummers, @jamesrbuk, @cobie, @rapidresponse47, @secretaryburgum, @rapidresponse47, @d_a_irwin, @saikatc, @typesfast, @billackman, @buccocapital, @cliffordasness, @gopmajoritywhip, @rabois, @micah_erfan, @secscottbessent, @rapidresponse47, @alecstapp, @thestalwart, @repbrianbabin, @rapidresponse47, @jbarro, @reprileymoore, @balajis, @rapidresponse47, @armanddoma, @palmerluckey, @dandrezner, @thestalwart, @thestalwart, @rapidresponse47, @esaagar, @rapidresponse47, @thestalwart, @mystephanomics, @sec_noem, @typesfast, @atrupar, @trumpdailyposts, @ustraderep, @thestalwart, @dampedspring, @speakerjohnson, @lhsummers, @atabarrok, @ramit, @rapidresponse47, @howardlutnick, @deanwball, @stavridisj, @dkthomp, @elerianm, @justinwolfers, @justinwolfers, @brazilbrian, @typesfast, @maxwinebach, @jasonfurman, @frances_coppola, @macaesbruno, @ivanwerning, @dkthomp, @ivanwerning, @natesilver538, @adamscochran, @ivanwerning, and @jbulltard1. LinkedIn: Jamie Tronnes
Forums: r/technology, r/LinusTechTips, r/Libertarian, r/pcmasterrace, r/politics, r/politics, r/China_irl, r/StockMarket, r/Economics, r/unusual_whales, r/stocks, r/DHgateVip, r/wallstreetbets, r/Semiconductors, r/WildRoseCountry, r/OnerActive, r/Aliexpress, r/RepsneakersDogs, r/onguardforthee, r/trump, and r/Aliexpress
| 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.
More: Bloomberg, AppleInsider, The Verge, CNBC, MacRumors, DatacenterDynamics, Reuters, Wired, Financial Times, PCMag, XDA Developers, 9to5Mac, UploadVR, Semafor, Neowin, Video Games Chronicle, Fierce Network, Wall Street Pit, iClarified, Inc.com, Forbes, Fortune, Moneycontrol, Silicon UK, Blockchain.News, New York Times, The Hill, Business Insider, KED Global, Pajiba, BGR, nextpit, Cult of Mac, Bloomberg, iPhone in Canada Blog, Daily Mail, The Economic Times, PhoneArena, Washington Post, Times of India, Yahoo Finance, Above Avalon, Financial Times, MacDailyNews, Tech in Asia, Wccftech, Gamereactor UK, MacRumors, Jacobin, 9to5Mac, and AppleInsider
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Forums: 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 …
More: Financial Times, The Stranger, Futurism, Techdirt, Business Today, Benzinga, New Republic, Cryptopolitan, financialpost, and The Guardian
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X: @krishnanrohit, @d_boeckner, @drewpavlou, @bennpeifert, @drewpavlou, @theomniliberal, @brendan_duke, @kushdesai47, and @geiger_capital
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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X: @aaronandml, @aaronandml, @senbillcassidy, @dominicjpino, @typesfast, @nic__carter, and @senbillcassidy. Forums: r/TemuThings
| Tanaya Macheel / CNBC: |
More: TechCrunch, Decrypt, CoinDesk, The Crypto Basic, NewsBTC, and The Crypto Times
| Jay Peters / The Verge: |
Nvidia says its custom processor for Nintendo's Switch 2 has “dedicated RT Cores and Tensor Cores,” enabling DLSS support and real-time ray tracing on Switch 2 — Nintendo hasn't revealed the full Switch 2 specs, but Nvidia is providing a few more details about the power of this new console.
More: NVIDIA, IGN, Tom's Hardware, VideoCardz.com, Neowin, TechRadar, Eurogamer.net, Kotaku, 9to5Toys, GamingBolt, My Nintendo News, TechPowerUp, KitGuru, VideoGamer, TechRaptor, Polygon, Digital Trends, and GoNintendo
X: @tomwarren and @wario64
Forums: r/NintendoSwitch and r/nintendo
| 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
| 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.| 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, CSO, Forbes, InfoRiskToday.com, and PYMNTS.com
| 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
Bluesky: @carnage4life and @edzitron.com
| 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 …
More: Engadget, Telegraph, MediaPost, Cryptopolitan, Euronews, and Daily Star
| 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 … | 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: Portland Business Journal, Oregonian, FinSMEs, and Hydrolix
| 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 … | 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.
More: PCMag, The Verge, Eurogamer.net, GameSpot, CNET, Tech Advisor, Ars Technica, GamesRadar, The Verge, Gizmodo, VentureBeat, Tom's Hardware, The Verge, TechCrunch, Associated Press, Kotaku, Polygon, Digital Trends, TheGamer, Comic Book, Washington Post, MobileSyrup, Bloomberg, Wired, GoNintendo, and New York Times
| Duncan Riley / SiliconANGLE: |
Unframe, which helps enterprises deploy tailored AI products for any use case within hours, comes out of stealth with $50M from Bessemer, TLV, Craft, and others — Enterprise artificial intelligence platform startup Unframe Inc. launched today with an announcement that it has raised $50 million … | 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.”| 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, SecurityWeek, WinBuzzer, CryptoSlate, VC News Daily, and SiliconANGLE
| Financial Times: |
Plaid raised $575M at a $6.1B valuation, below its peak $13B+ valuation in 2021, mostly to cover employees' tax bills for those converting RSUs to common stock — Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks
More: PYMNTS.com, CNBC, Finextra, TechCrunch, This Week in Fintech, Axios, Forbes, and Fortune
| 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 curbsSponsor Posts
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