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April 7, 2025, 9:10 AM
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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.
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 …
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.
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 …
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.
Mathieu Pollet / Politico:
Huawei says it “terminated the employment of two individuals” from April 1 and suspended a third from April 2 in response to the EU corruption scandal  —  Chinese tech giant is at the center of Belgian investigation into wrongdoing.  —  BRUSSELS — Huawei has fired two employees …
More: Fox News
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 …
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.
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

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
Cuts at ESPN are part of larger Disney layoffs; sources: some corporate functions, film studios, and Disney Entertainment Television are expected to be impacted

MJ Franklin / New York Times:
How publishers are cashing in on surging public interest in The Odyssey through splashy reissues; Circana BookScan says sales of The Odyssey rose by 76% YoY

K.J. Yossman / Variety:
The UK's new Prime Minister Andy Burnham keeps Culture Secretary Lisa Nandy in post; Nandy is currently overseeing the BBC's royal charter renewal

More News

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
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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