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April 7, 2025, 8:15 AM
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Top News

Vlad Savov / Bloomberg:
Nintendo and Sony fell by 10%+ on April 7 amid a widespread selloff in Japan exacerbated by US tariffs; most Switch hardware is assembled in China and Vietnam  —  Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable as North America accounted …
David Yaffe-Bellany / New York Times:
Bitcoin is down 10% to around $76,000 after President Trump's global tariffs, far below its record $110,000 high at Trump's January 20 inauguration  —  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 and Foxconn fell by the Taiex exchange's daily 10% limit on April 7 as US tariffs roil global supply chains; Taiwan's 32% tariff is among Asia's highest
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.
Wall Street Journal:
Analysis: newly announced US tariffs for goods from China could raise the bill of materials for the iPhone 16 Pro with 256GB of storage from ~$550 to ~$850
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.
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.
Sam Tobin / Reuters:
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create a “back door” in its Advanced Data Protection service  —  Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
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
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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:15 AM 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

Bloomberg:
Canadian billionaire Stephen Smith agrees to buy the entire 26.9% stake in The Economist Group held by Lynn Forester de Rothschild; the terms were not disclosed

Todd Spangler / Variety:
Filing: David Zaslav is set to receive at least $550M in compensation related to the Paramount-WBD deal, including $517.2M in equity in the combined company

Charlotte Tobitt / Press Gazette:
The UK government unveils the Local News Fund, which will distribute up to £12M to local outlets over two years to support innovation and help fill news deserts

More News

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

Earlier Picks

Xinmei Shen / South China Morning Post:
DeepSeek and Tsinghua University researchers detail an approach combining reasoning methods to let LLMs deliver better and faster results to general queries
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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