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Techmeme
April 7, 2025, 6:15 PM
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Samantha Subin / CNBC:
Tech stocks teetered in volatile trading Monday: Apple and Microsoft ended the day with declines, while Alphabet, Amazon, Meta, and Nvidia managed to post gains  —  Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week's devastating sell-off.
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 …
Ben Berkowitz / Axios:
President Trump posts that the US will impose additional tariffs on China of 50%, effective April 9, unless China withdraws its 34% retaliatory tariffs
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
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
Times of India:
Officials: Apple sent five planes full of iPhones and other products from India to the US in just three days in the last week of March to avoid the 10% tariff  —  Apple transported five plane full of iPhones and other products from India to the US in just three days during the final week of March …
Wall Street Journal:
Sources: Apple aims to send more iPhones to US from India, given new tariffs on China, but sees the situation as too uncertain to upend supply chain investments  —  Apple plans to send more iPhones to the U.S. from India to offset the high cost of China tariffs, people familiar with the matter said.
Megan Farokhmanesh / Wired:
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, which “weren't factored into” its Switch 2 pricing  —  Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …
Logan Plant / IGN:
Q&A with Nintendo of America VP of Product Bill Trinen on pricing first-party games like Mario Kart World at $80, Joy-Con 2 and using it as a mouse, and more  —  On price, mouse controls, and a lot more. … Nintendo has finally pulled back the curtain on Nintendo Switch 2 …
Kyle Wiggers / TechCrunch:
Meta VP of generative AI Ahmad Al-Dahle denies a rumor that the company trained its Llama 4 models on test sets, saying Meta “would never do that”  —  A Meta exec on Monday denied a rumor that the company trained its new AI models to present well on specific benchmarks while concealing the models' weaknesses.
Sam Tobin / Reuters:
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption backdoor, 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 …
Matthew Gault / 404 Media:
Framework stops selling its six lowest-priced laptops in the US, saying those models would sell at a loss due to tariffs that went into effect on April 5  —  Framework—a company that makes upgradeable and repairable laptops—has said it will pause sales on several versions of one of its models in America thanks to Trump's tariffs.
More: PCMag.  Bluesky: @josephcox and @mjgault.  X: @frameworkputer.  Forums: r/technology
Ryan Whitwam / Ars Technica:
Google Search's AI Mode feature, rolled out to millions more in the US, now gains multimodal capabilities, letting users ask complex questions about pictures  —  Google started cramming AI features into search in 2024, but last month marked an escalation.  With the release of AI Mode …
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 …
Will Knight / Wired:
Stanford's 2025 AI index: China files more AI patents than the US, but US companies produced 40 frontier models, compared to 15 from China and three from Europe  —  New research from Stanford suggests artificial intelligence isn't ruled by just OpenAI and Google, as competition increases across the US, China, and France.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:15 PM 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

Brian Stelter / CNN:
Filing: Paramount and state AGs agree to freeze the WBD merger until an antitrust trial occurs or until June 2027; a preliminary injunction hearing is canceled

Alyssa Ray / The Wrap:
At the rescheduled WHCA dinner, Trump praised the press corps' response to the April shooting before insulting journalists and celebrities who criticized him

Michael Birnbaum / Washington Post:
Trump says he supports subpoenaing reporters in leak probes and that reporters should be forced to reveal the source of the leaked SCOTUS ruling overturning Roe

More News

Annie Palmer / CNBC:
In a memo to staff Shopify's CEO says using AI is now a baseline expectation and that teams asking for more resources must first show why AI can't do the job

Earlier Picks

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