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April 7, 2025, 10:30 AM
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memeorandum
WeSmirchTop News
| 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, The Wrap, PR Daily, Wall Street Journal, Financial Times, Bloomberg, Bloomberg, CNN, and Times of India
| 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, Washington Post, CNN, TheGamer, Wired, CNBC, Los Angeles Times, Eurogamer.net, and GoNintendo
Bluesky: @ericajoy.astrel.la, @danny.page, @mgsiegler.com, @megannicolett, and @andrewrweb
X: @wario64, @stealth40k, @stealth40k, @genepark, @charlieintel, and @kylebrussell
| 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.| 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
| 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 …
More: Nintendo Life, The Verge, Nintendo Life, MobileSyrup, Tom's Guide, Digital Trends, Mashable, 9to5Toys, Gamereactor UK, Polygon, and Video Games Chronicle. Forums: r/Games
| 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, The Record, Business Insider, BBC, The Register, 9to5Mac, The Standard, AppleInsider, Financial Times, UK Courts and Tribunals Judiciary, MacRumors, WinBuzzer, 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: MacRumors, 9to5Mac, AppleInsider, TechCrunch, Fortune, and WinBuzzer
| 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.
More: Stanford HAI, International Business Times, Tech Brew, Business Standard, CIO Dive, SiliconANGLE, Nature, Business Wire, and Axios. Forums: r/artificial
| 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.| 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 … | Reuters: |
Chinese outlet Caijing: Microsoft's joint venture Wicresoft will cease China operations on April 8, cutting ~2,000, after ending outsourced post-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, WinBuzzer, Pandaily, and Tech in Asia
| Rachel Metz / Bloomberg: |
Source: AI coding startup Anysphere, whose assistant Cursor has helped lead to “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.Sponsor Posts
ElevenLabs:
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Niantic Spatial:
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Zoho:
Introducing the sandbox environment: Safely test and optimize e-signature workflows — Changes are an inevitable part of any workflow. The average agreement workflow involves recipients across organizations …
Introducing the sandbox environment: Safely test and optimize e-signature workflows — Changes are an inevitable part of any workflow. The average agreement workflow involves recipients across organizations …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
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Hard Fork:
Anthropic's Cybersecurity Shock Wave + Ronan Farrow and Andrew Marantz on Their Sam Altman Investigation + One Good Thing
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Upstarts Podcast:
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Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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