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April 7, 2025, 10:16 AM
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memeorandum
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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 …
More: BBC, CNBC, BBC, Popular Information, JPMorganChase, CNBC, PR Daily, CNN, Bloomberg, Wall Street Journal, Financial Times, Bloomberg, and Times of India
Bluesky: @megannicolett. X: @trump_repost, @djcows, @dougboneparth, @mrmbrown, @henrysgao, @mattbruenig, @wsteaks, @jyarow, @isabelletanlee, @gurgavin, @alexwickham, @thetranscript_, @levie, @divestech, @asvanevik, @birdyword, @bobeunlimited, and @sonalibasak
| 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 …
More: The Verge, CNN, TheGamer, Washington Post, CNBC, Los Angeles Times, and Eurogamer.net
Bluesky: @danny.page, @mgsiegler.com, @megannicolett, and @andrewrweb
X: @wario64, @stealth40k, @stealth40k, @genepark, @charlieintel, and @kylebrussell
| Mauro Orru / Wall Street Journal: |
Global chip stocks drop as the US tariff rout on markets intensifies, extending last week's losses; Nvidia, Intel, ASML, SK Hynix, Infineon, and STMicro fall — The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand| Reuters: |
More: Benzinga, Bloomberg, CNN, The Crypto Basic, Focus Taiwan, Decrypt, KVIA-TV, Tech in Asia, and DigiTimes
| 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 …
More: The Verge, Bloomberg, BBC, The Record, Business Insider, The Register, The Standard, 9to5Mac, AppleInsider, UK Investigatory Powers Tribunal, MacRumors, Financial Times, Open Rights Group, and Patently Apple
Mastodon: @openrightsgroup@social … and @alexhaydock@infosec.exchange
X: @judiciaryuk and @adamwagner1
Forums: r/apple and MacRumors Forums
| 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 …
More: 9to5Mac, AppleInsider, TechCrunch, MacRumors, WinBuzzer, and Fortune
| 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.| 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 … | 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.| Jordan Novet / CNBC: |
Microsoft AI CEO Mustafa Suleyman says an “off-frontier” strategy of building models “three or six months behind” cuts costs and helps focus on some use cases — Microsoft owns lots of Nvidia graphics processing units, but it isn't using them to develop state-of-the-art artificial intelligence models.
More: Windows Central, Digital Trends, Guru3D, and TestingCatalog
| Reuters: |
Chinese media outlet Caijing: Microsoft's joint venture Wicresoft will cease its China operations from April 8 after stopping outsourcing after-sales support — Microsoft's (MSFT.O) joint venture Wicresoft will cease its China operations from Tuesday, a move that will lead to the layoff …
More: South China Morning Post, Pandaily, and Tech in Asia
| 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 …
More: San Francisco Business Times and TechCrunch
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