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Techmeme
April 7, 2025, 6:10 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 …
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
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 …
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 …
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
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 …
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 …
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.
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 …
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  —  President Trump on Monday threatened to impose an extra 50% tariff on China, but opened the door to talks with other nations on a path to lowering their tariffs.

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This is a Techmeme archive page. It shows how the site appeared at 6:10 PM ET, April 7, 2025.

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From Mediagazer

Todd Spangler / Variety:
On a staff call, Bari Weiss defends firing Scott Pelley, saying the foundation of “trust and mutual respect” was broken after Pelley's outburst on Monday

Washington Post:
Two Stars and Stripes advisory board members sue the US Defense Department, saying new restrictions on the paper violate the First Amendment and federal law

Connor Hart / Wall Street Journal:
Hasbro launches Sixth Wall, an AI studio working with ElevenLabs and voice actors to create and license AI-native versions of its characters and franchises

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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