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April 7, 2025, 7:30 AM
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memeorandum
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| Vlad Savov / Bloomberg: |
Nintendo and Sony fell by 10%+ on April 7 amid a widespread selloff in Japan exacerbated by US tariffs; most Switch hardware is assembled in China and Vietnam — Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable as North America accounted …
More: BBC, BBC, CNN, CNBC, Bloomberg, Wall Street Journal, Bloomberg, Financial Times, Times of India, and Push Square
X: @gurgavin, @alexwickham, @thetranscript_, @levie, @divestech, @birdyword, @bobeunlimited, @asvanevik, and @sonalibasak
Forums: r/unusual_whales, r/IndianStreetBets, r/stocks, r/worldnews, r/stocks, r/GlobalNews, r/NoShitSherlock, r/Economics, and r/inflation
| Reuters: |
TSMC and Foxconn fell by the Taiex exchange's daily 10% limit on April 7 as US tariffs roil global supply chains; Taiwan's 32% tariff is among Asia's highest — Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs …
More: CNN, The Crypto Basic, Focus Taiwan, Bloomberg, Decrypt, KVIA-TV, Tech in Asia, and DigiTimes
| David Yaffe-Bellany / New York Times: |
Bitcoin is down 10% to around $76,000 after President Trump's global tariffs, far below its record $110,000 high at Trump's January 20 inauguration — The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.
More: The Economic Times, DL News, Coinpedia Fintech News, Yahoo Finance, and Times of India. X: @tyler
| 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 — After years of avoiding iPhone price hikes in the US, Apple could finally be forced to to make increases.
More: MacRumors, AppleInsider, Tom's Guide, Fortune, Forbes, NBC News, GSMArena.com, Digital Trends, TechRadar, Stuff, 9to5Mac, Digit, Wccftech, MacRumors, ZeroHedge News, PhoneArena, Philip Elmer‑DeWitt, iClarified, AppleInsider, AppleInsider, The Mac Observer, Apple Must, 9to5Mac, 9to5Mac, Cult of Mac, Reuters, New York Times, and CNET
X: @markgurman, @markgurman, @atrupar, and @tailosivetech
Forums: r/apple and MacRumors Forums
| Wall Street Journal: |
More: Daily Mail, New York Post, Philip Elmer‑DeWitt, Forbes, and The Mac Observer
Bluesky: @joannastern. Mastodon: @remixtures@tldr.nettime.org and @GossiTheDog@cyberplace.social. Threads: @joannastern
X: @bryfitz, @neilcybart, @wsj, @bowtiedmara, and @orgetorix
| 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 AG Pam Bondi — Apple Inc., following assurances from the Trump administration, is keeping TikTok and other apps from ByteDance Ltd. on its US App Store for at least another 75 days.
More: AppleInsider, Neowin, PYMNTS.com, Cryptopolitan, Tech in Asia, CNBC, Universul.net, The Mac Observer, and PhoneArena
| 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 — OpenAI is reportedly testing a new “watermark” for the Image Generation model, which is a part of the ChatGPT 4o model.
More: Tech Monitor, Digital Trends, Moneycontrol, and WinBuzzer
Bluesky: @sethpartnow, @edzitron.com, @cdgoldstein …, and @badinternet.oracularhades.com. Threads: @camwilsonreporter. X: @btibor91. Forums: r/technology
| The Information: |
Sources: OpenAI recently discussed acquiring io Products, a startup Sam Altman has been working on with Jony Ive to develop an AI-powered 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 … | Matteo Wong / The Atlantic: |
A look at the ARC-AGI exam designed by French computer scientist François Chollet to show the gulf between AI models' memorized answers and “fluid intelligence” — Deep down, Sam Altman and François Chollet share the same dream. They want to build AI models that achieve …
More: Coinmonks
| Philip Stafford / Financial Times: |
Tether CEO Paolo Ardoino says the company is involved in discussions about US rules on stablecoins, and may offer a US-only coin depending on new US regulations — World's most traded cryptocurrency does not currently accept customers in the US — Tether, the world's most traded cryptocurrency …
More: PYMNTS.com, CoinDesk, Bloomberg, crypto.news, Tech in Asia, and Breitbart
| Katie Roof / Bloomberg: |
SignalFire raised a $1B+ fund to bet on early-stage AI startups, taking its AUM to $3B, and plans to use AI to spot market trends to help portfolio companies — With the new funds SignalFire will focus on AI — and use it too. — Venture capital firm SignalFire has raised over a $1 billion … | Sam Tobin / Reuters: |
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create a “back door” in its Advanced Data Protection service — Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
More: The Standard, MacRumors, and UK Courts and Tribunals Judiciary
X: @judiciaryuk and @adamwagner1
| Jamie Friedlander Serrano / Washington Post: |
AI is aiding radiologists with tools like tumor-detection algorithms; 75%+ of AI software cleared by the US FDA for medical use is designed to support radiology — About two-thirds of radiology departments in the United States use AI in some capacity, according to a recent unpublished survey.Sponsor Posts
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IDrive:
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The Upstarts Podcast:
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| Jon Ungoed-Thomas / The Guardian: |
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| Brendan Bordelon / Politico: |
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| Xinmei Shen / South China Morning Post: |
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| Krystal Hu / Reuters: |
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| Tom Warren / The Verge: |
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