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Techmeme
April 12, 2025, 10:00 AM
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Top News

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 …
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.
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
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 …
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 …
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

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, April 12, 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

Ted Johnson / Deadline:
A new filing from Nexstar in the DirecTV lawsuit says the existing restraining order freezing the Nexstar-Tegna merger could jeopardize assets of both companies

Minho Kim / New York Times:
A US appeals court pauses a lower-court order that would have reinstated around 1,000 Voice of America journalists and staff who had been put on paid leave

New York Times:
Sources: an Iranian-aligned militia in Iraq is seeking the release of several detained militia members in exchange for freeing journalist Shelly Kittleson

More News

Kate O'Keeffe / Bloomberg:
US investigators are probing whether the China ties of TP-Link Systems Inc., the US-based business of Wi-Fi router giant TP-Link, pose an “unacceptable risk”
Natalie Lung / Bloomberg:
YipitData: Waymo's robotaxis made up about 20% of rides offered by Uber in Austin in the last week of March, after launching on March 4
Sean O'Kane / TechCrunch:
Blue Water Autonomy, which says it is building a 100-ton autonomous naval ship, emerges from stealth with a $14M seed from Eclipse VC, Riot, and Impatient

Earlier Picks

Kyle Wiggers / TechCrunch:
A group of former OpenAI employees files an amicus brief in support of Elon Musk in his lawsuit opposing OpenAI's for-profit transition
Anton Shilov / Tom's Hardware:
China exempts products from AMD, Nvidia, Intel, Qualcomm, and others that are made by Taiwanese companies like TSMC from the 125% tariff on US products
Kyle Wiggers / TechCrunch:
OpenAI plans to retire GPT-4, launched in March 2023, from ChatGPT on April 30, to be “fully replaced” by GPT-4o; GPT-4 will remain available via OpenAI's API
Erin Woo / The Information:
Source: Google cuts hundreds of employees in its platforms and devices unit, which works on Android, Pixel, and Chrome, after offering buyouts in January 2025
Charles Rollet / TechCrunch:
The DOJ charges AI shopping app Nate's ex-CEO, Albert Saniger, with fraud, alleging the app relies heavily on workers in the Philippines; Nate had raised $50M+
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