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April 4, 2025, 10:55 PM
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Top News

Fareed Sahloul / Bloomberg:
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy  —  Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Todd Spangler / Variety:
The Nasdaq fell 5.8% on the second day following Trump's tariffs announcement, with Nvidia closing down 7.4%, Apple 7.3%, Netflix 6.7%, Meta 5%, and Amazon 4.2%  —  Amid steep losses, U.S. president says ‘my policies will never change’  —  Stocks dropped sharply for a second day …
Reuters:
China places export restrictions on key rare earth elements as part of its response to President Trump's tariffs and an extra 34% retaliatory tariff on US goods
Mike Isaac / New York Times:
Trump's tariffs may reduce ad spending on Meta platforms, which rely heavily on SMBs globally; 10% of Meta's 2023 revenue was from Chinese advertisers like Temu
Jonathan Vanian / CNBC:
Trump says he will sign an EO to keep TikTok running for an additional 75 days, as a deal “requires more work to ensure all necessary approvals are signed”  —  President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok …
Reuters:
Sources: a TikTok deal, which was largely finalized by April 2, was put on hold after China indicated it would reject the deal over Trump's tariffs  —  A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President …
Annmarie Hordern / Bloomberg:
President Trump reiterates he's open to tariff relief for China if Beijing approves the sale of TikTok's US operations
Emma Roth / The Verge:
Nintendo delays Switch 2 preorders that were set for April 9 due to concerns about Trump's tariffs but the June 5 launch date remains unchanged  —  Nintendo says preorders will no longer start on April 9th, but the console's June 5th release date is unchanged.
Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more  —  The AI assistant adds personalization, web actions, podcast creation, and more. … As it marks its 50th anniversary …
Aisha Malik / TechCrunch:
Amazon introduces a Kindle Recaps feature that uses GenAI and moderators to create short summaries of books in a series  —  Amazon is introducing a new “Recaps” feature for Kindle users to help them recall plot points and character arcs before picking up the latest book in a series.
RT Watson / The Block:
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and registration is not required for minting or redeeming them  —  - The U.S. Securities and Exchange Commission said “covered” U.S. dollar stablecoins — basically USDT and USDC …
Maxwell Zeff / TechCrunch:
Google releases API pricing for Gemini 2.5 Pro: $1.25 per 1M input tokens and $10 per 1M output tokens for prompts up to 200K tokens, its priciest model yet  —  On Friday, Google released API pricing for Gemini 2.5 Pro, an AI reasoning model with industry-leading performance on several benchmarks measuring coding, reasoning, and math.
Kyle Wiggers / TechCrunch:
Sam Altman says OpenAI plans to release o3 and o4-mini “after all” and GPT-5 “in a few months”, citing challenges in “smoothly integrating everything”  —  After effectively cancelling the consumer release of its o3 reasoning model, OpenAI now says that it plans …

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This is a Techmeme archive page. It shows how the site appeared at 10:55 PM ET, April 4, 2025.

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From Mediagazer

Reshmi Basu / Bloomberg:
QVC Group, owner of TV shopping channels QVC and HSN, files for bankruptcy as part of a plan to cut more than $5B in debt; shares closed down 69% on Thursday

Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding

Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known

More News

Tom Warren / The Verge:
On Microsoft's 50th anniversary, company executives reflect on its history and how it responds to challenges and evolves

Earlier Picks

Foreign Affairs:
By embracing Trump, Big Tech risks losing access to Europe, pushing Europe to build its own companies and platforms as Chinese companies try to expand to Europe
Pew Research Center:
Survey: 35% of US adults say they think AI's impact on the US will be negative over the next 20 years, while 56% of AI experts say AI's impact will be positive
Kyle Wiggers / TechCrunch:
Midjourney debuts V7 in alpha, its first new AI image model in nearly a year with a “totally different architecture”, a week after OpenAI's new image generator
Jay Peters / The Verge:
Nvidia says its custom processor for Nintendo's Switch 2 has a GPU with “dedicated RT Cores and Tensor Cores”, enabling real-time ray tracing and DLSS upscaling
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