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Techmeme
April 7, 2025, 10:10 AM
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Top News

Samantha Subin / CNBC:
US tech stocks fall for a third session after Trump's tariffs as markets open: Apple and Tesla drop 5%+, while Meta, Amazon, Microsoft, and Alphabet fall ~1%  —  Technology stocks fell for a third session on Monday, continuing the momentum of last week's devastating selloff …
Vlad Savov / Bloomberg:
Nintendo's and Sony's stocks closed down 7.85% and 10.04% on April 7 amid a Japan selloff driven by US tariffs; most Switches are assembled in China and Vietnam  —  Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable …
David Yaffe-Bellany / New York Times:
Bitcoin is down 10%+ to ~$76K after President Trump's global tariffs, far below its record price of nearly $110K on Trump's inauguration on January 20, 2025  —  The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.
Megan Farokhmanesh / Wired:
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, and they “weren't factored into” Switch 2 pricing  —  Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …
Reuters:
TSMC's and Foxconn's stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US' 32% tariff on Taiwan is among Asia's highest
Sam Tobin / Reuters:
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption “back door”, and says the case can be public  —  Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
The Information:
Sources: in recent weeks, OpenAI discussed acquiring io Products, a startup Sam Altman has been working on with Jony Ive to develop an AI device, for $500M+  —  OpenAI in recent weeks discussed acquiring a startup its CEO Sam Altman has been working on with ex-Apple designer Jony Ive's studio …
Mathieu Pollet / Politico:
Huawei says it “terminated the employment of two individuals” on April 1 and suspended a third on April 2 for their alleged involvement in EU political bribery  —  BRUSSELS — Huawei has fired two employees and suspended a third for their alleged involvement in a bribery investigation surrounding …
More: Fox News
Rachel Metz / Bloomberg:
Source: AI coding startup Cursor, which has helped permeate “vibe coding”, hit 1M+ DAUs in March 2025, driven largely by word-of-mouth growth  —  Word-of-mouth growth has helped turn a 60-person startup into one of the early hits of the generative AI era.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, April 7, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Sara Guaglione / Digiday:
The Washington Post's new Your Personal Podcast, which offers AI-generated customizable podcasts, was developed under a multiyear agreement with ElevenLabs

Ashley Capoot / CNBC:
Disney and OpenAI sign a three-year deal to bring 200+ Disney characters to Sora; Disney will make a $1B investment in OpenAI and become a major OpenAI customer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

More News

Mayank Parmar / BleepingComputer:
Sources and an APK teardown: OpenAI is testing watermarks for images generated via ChatGPT's free account; whether OpenAI rolls the feature out is unclear

Earlier Picks

Brendan Bordelon / Politico:
Lina Khan, Steve Bannon, and others worry the FTC could abandon its Meta antitrust case after Zuckerberg's concessions to Trump; the trial is set for April 14
Mark Gurman / Bloomberg:
Sources: Apple is keeping TikTok and other ByteDance apps on its US App Store for at least another 75 days, following assurances from Attorney General Pam Bondi
Mark Gurman / Bloomberg:
How Apple may adjust to the US tariffs; sources say the iPhone 17 Pro's camera panel will span the width of the phone and will be the same color as the device
Tom Warren / The Verge:
Microsoft unveils a demo of Quake II generated using its Muse AI model, with limited playability in a browser, as part of the company's Copilot for Gaming push
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