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April 12, 2025, 10:00 AM
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memeorandum
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| Financial Times: |
The Trump administration excludes smartphones along with selected computers and laptops from reciprocal tariffs — Tech including routers and selected computers get reprieve after a week of turbulence in US markets — The Trump administration has excluded smartphones from its steep …
More: Bloomberg, CNBC, AppleInsider, CNN, 9to5Mac, and U.S. Customs …
Bluesky: @nosunkcosts, @jaec, @whetmoser.com, @danielzhao, @monhegan, @scottlincicome, @chadpbown.com, @christianh, @lookitup.baby, and @christianh
Mastodon: @KimPerales@toad.social and @ianb@mastodon.well.com
X: @yeselson, @josephpolitano, @mattbruenig, @jessesingal, @mattyglesias, @petespiliakos, @zac_petkanas, @keithmancuso, @besttrousers, @aaronblake, @pewilliams_, @jamessurowiecki, @historyboomer, @travisyost, @mooremorrissemi, @dkthomp, @dkaushik96, @nmf_bru, @scottlincicome, @danpfeiffer, @scottlincicome, @mohit_emkay, @seanobannon_, @confusedsith, @modestproposal1, @jraines, @rjunkapoor, @anthonydelage, @morqon, @itsandrewjude, @nkulw, @realjimchanos, @teroterotero, @divestech, @charlesarthur, @dimi, @markgurman, @benthompson, @tianan_, and @mgsiegler. LinkedIn: Deborah Elms
Forums: r/politics, r/DataHoarder, r/wallstreetbets, r/hardware, and r/baba
| Sara Fischer / Axios: |
Meta adds Dina Powell McCormick, who served as deputy national security adviser to Trump in his first term, and Stripe CEO Patrick Collison to its board — Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.
More: Reuters, Engadget, Meta, CNBC, Tech in Asia, RTÉ, The Information, TechCrunch, The Hollywood Reporter, and Irish Independent
X: @campbell_brown, @cernovich, @sarafischer, @donaldjtrumpjr, and @jasonmiller. Facebook: Mark Zuckerberg
| Bloomberg: |
Netflix is testing an OpenAI-powered search engine that lets users find shows via inquiries that go beyond genres or actors' names, like the subscriber's mood — The OpenAI-powered search engine lets customers look for shows using far more specific terms, including the subscriber's mood, for example, the company said.
More: The Verge, Financial Express, T3, Tech in Asia, and Trusted Reviews
| Financial Times: |
Sources: Ilya Sutskever's Safe Superintelligence raised $2B led by Greenoaks at a $32B valuation; SSI last raised $1B at a $5B valuation in September 2024 — Start-up raises $2bn, underscoring investors' keen appetite for bankrolling AI groups despite US economic tumult| Wall Street Journal: |
Sources: Binance asked the US Treasury last month to loosen oversight on its AML compliance, after Binance entered into deal talks with Trump's crypto venture — Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture
More: Reuters, DL News, Cryptopolitan, CoinGape, The Crypto Times, Coinpedia Fintech News, Crypto Briefing, Bloomberg, and Cointelegraph. X: @tier10k
| Sophie McEvoy / GamesIndustry.biz: |
Newzoo: global consumer spending for PC and console gaming fell 2% YoY to $80.2B in 2024, with console revenues leading market share with $42.8B, down 3.9% YoY — Firm estimates PC and console gaming market to reach $92.7 billion by 2027 — Global consumer spending for PC and console gaming fell …
More: Newzoo, TechSpot, ITC.UA, Mezha.Media, Game Rant, Kotaku, Game File, PC Games Insider, and CNET
| Makena Kelly / Wired: |
Sources: Palantir is helping DOGE build an API layer above all IRS databases; DOGE wants Palantir's Foundry software to be the “read center of all IRS systems” — For the past three days, DOGE and a handful of Palantir representatives, along with dozens of career IRS engineers …
Bluesky: @sbyrnes, @whodat35, @wired.com, @wired.com, @emptywheel, @techviews, @couts, and @katie-drummond. X: @wired
Forums: r/technology, r/politics, r/feddiscussion, r/fednews, and r/TrueReddit
| Ari Levy / CNBC: |
Filing: Founders Fund has closed a $4.6B late-stage venture fund; source: a substantial amount of the capital was provided by the firm's general partners — Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion late-stage venture fund …
More: Tech in Asia, The Economic Times, Bloomberg, and US SEC
| Meaghan Tobin / New York Times: |
ByteDance, which spent an estimated $11B in 2024 on infrastructure for AI, is using data from ~1B users of its apps as the linchpin of its growing AI business — A set of popular apps helped China's ByteDance develop a key component of advanced artificial intelligence: information on how a billion people use the internet.
More: Politico
| Ryan Weeks / Bloomberg: |
Architect Partners: Q1 2025 was a record quarter for crypto M&A with 61 deals and $2.2B in total deal value, including Kraken's $1.5B acquisition of NinjaTrader — A false dawn for M&A? — Is the crypto M&A boom for real? We asked Casper Johansen, partner at The Spartan Group, a digital assets advisory firm.| Sarah Perez / TechCrunch: |
Appfigures: ChatGPT was the most downloaded app globally in March, excluding games, with 46M downloads across App Store and Google Play, its biggest month ever — ChatGPT became the world's most downloaded app in March, excluding games, topping the usual contenders for the No. 1 spot, Instagram and TikTok.
More: Business Today, 9to5Mac, Moneycontrol, Nairametrics, The Economic Times, and Redmond Pie
| Chris Metinko / Crunchbase News: |
Asia's startup funding fell 40% YoY to ~$13B in Q1 2025, the lowest funding for a quarter since $12.3B in Q4 2014; AI startup funding fell 50% YoY to just $1.8B — While OpenAI's massive $40 billion funding boosted global and North America's funding totals, Asia was not so lucky.| Counterpoint Research: |
In Q1 2025, SK Hynix overtook Samsung for the first time to lead global DRAM revenues with a 36% share, driven by its dominant 70% market share in HBM — - SK Hynix takes lead for first time ever in DRAM, grabbing 36% share of revenues in Q1 2025 — In particular, the company dominated in critical HBM with 70% market shareSponsor Posts
Command Line:
What will the next generation of developers do when AI writes the code? — Microsoft and Carnegie Mellon are betting that the junior devs we train today will be the senior engineers of tomorrow.
What will the next generation of developers do when AI writes the code? — Microsoft and Carnegie Mellon are betting that the junior devs we train today will be the senior engineers of tomorrow.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
UK tax compliance with Zoho Books — The evolving tax landscape in the UK has added an additional responsibility to business owners, accountants, and bookkeepers to ensure their choice of accounting software supports compliance …
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
Great Chat:
What happened to tech's backbone?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
The Upstarts Podcast:
The $7B Startup Mapping Your Health In Just One Hour | Neko's Hjalmar Nilsonne
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Cheeky Pint:
The company building underwater drones for $50,000
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
BG2 Pod:
Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner.
Subscribe to BG2 Pod.
Big Technology Podcast:
The Bumpy Road To AGI — With Kevin Roose
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
How to Run a Political Campaign in the TikTok Era (And How Not To)
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
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