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April 3, 2025, 12:25 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 …
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Bluesky: @carnage4life. X: @jamessurowiecki, @levie, @jtlonsdale, @benbajarin, @saylor, @sullyomarr, @cobie, @lhsummers, @atrupar, @typesfast, @trumpdailyposts, @alecstapp, @lhsummers, @jamesrbuk, @dkthomp, @cobie, @jasonfurman, @ivanwerning, @rapidresponse47, @frances_coppola, @secretaryburgum, @dkthomp, @ivanwerning, @rapidresponse47, @d_a_irwin, @saikatc, @typesfast, @billackman, @buccocapital, @cliffordasness, @elerianm, @gopmajoritywhip, @jbulltard1, @rabois, @micah_erfan, @secscottbessent, @rapidresponse47, @alecstapp, @thestalwart, @repbrianbabin, @ivanwerning, @maxwinebach, @rapidresponse47, @jbarro, @reprileymoore, @balajis, @rapidresponse47, @armanddoma, @justinwolfers, @natesilver538, @palmerluckey, @dandrezner, @justinwolfers, @thestalwart, @thestalwart, @rapidresponse47, @esaagar, @rapidresponse47, @stavridisj, @thestalwart, @mystephanomics, @sec_noem, @typesfast, @deanwball, @ustraderep, @macaesbruno, @thestalwart, @brazilbrian, @dampedspring, @speakerjohnson, @lhsummers, @atabarrok, @ramit, @typesfast, @rapidresponse47, @adamscochran, and @howardlutnick. 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/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, The Verge, CNBC, MacRumors, Wired, AppleInsider, PCMag, XDA Developers, 9to5Mac, UploadVR, Video Games Chronicle, Forbes, iClarified, Moneycontrol, Inc.com, Silicon UK, Financial Times, BGR, nextpit, New York Times, Blockchain.News, Business Insider, Semafor, KED Global, Pajiba, The Economic Times, Cult of Mac, Bloomberg, iPhone in Canada Blog, Daily Mail, PhoneArena, MacDailyNews, Washington Post, Times of India, Yahoo Finance, Above Avalon, Financial Times, Jacobin, Wccftech, Gamereactor UK, MacRumors, BBC, Tech in Asia, 9to5Mac, Total Telecom, Fortune, and AppleInsider
Bluesky: @evystadium, @katie-drummond, and @tonyalbrecht
X: @mingchikuo, @markgurman, @rogerentner, @tailosivetech, @paulg, @obrien, @markgurman, @rogerentner, and @thestalwart
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 …
More: Financial Times, Business Today, Bloomberg, financialpost, Benzinga, CNBC, Cryptopolitan, and The Guardian
Bluesky: @meanmeanie, @fluffybottomedboy, @blackballer, @michaelmartinez.co, @mgearsolidarity, @seaks, @jakelahut.writes.news, and @sanktmaxtci
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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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X: @aaronandml, @aaronandml, @senbillcassidy, @dominicjpino, @typesfast, @nic__carter, and @senbillcassidy. Forums: r/TemuThings
| Tanaya Macheel / CNBC: |
| Matt Levine / Bloomberg: |
Circle's S-1 shows that it is a fintech and that, as of December 31, 2024, ~85% of USDC reserves were in a BlackRock-managed money market fund only for Circle — Circle, slangy wealth management chatbots, private credit runs, SEC climate rules and OCC desk space.| 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: WinBuzzer, Sherwood News, 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: DatacenterDynamics, Cautious Optimism, WinBuzzer, Benzinga, and TipRanks Financial
Bluesky: @carnage4life and @edzitron.com
| 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| 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.”| 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| 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 … | 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 … | Abner Li / 9to5Google: |
Google unveils a NotebookLM “Discover sources” feature, which searches the web and recommends up to 10 “relevant sources” for users to add to their notebooks — To date, NotebookLM works by having you manually add files and links, with Google now introducing a … | 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
| 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
| 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 …
More: Financial Times, The Verge, Wired, BBC, Music Business Worldwide, Wall Street Journal, Android Headlines, 9to5Mac, CNBC, Fortune, Axios, Music Ally, Blockonomi, TechCrunch, Status, Wall Street Journal, Social Media Today, Seattle Business Journal, Pixel Envy, Investor's Business Daily, and New York Times
| 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 … | 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.| 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, This Week in Fintech, TechCrunch, Axios, Fortune, and Forbes
| Ryan Gallagher / Bloomberg: |
Netscout: DDoS attacks rose from 13M+ in 2023 to almost 17M in 2024, becoming a staple of geopolitical conflict as new tech like AI supercharges their power — A type of cyberattack that was once the preserve of petty criminals is becoming a staple of geopolitical conflict as new technology supercharges …
More: BetaNews, Cointelegraph, Netscout, Risky Business, Forbes, Advanced Television, and ITPro
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