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April 12, 2025, 8:10 AM
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Top News

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 …
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  —  A group of ex-OpenAI employees on Friday filed a proposed amicus brief in support of Elon Musk in his lawsuit against OpenAI, opposing OpenAI's planned conversion …
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 …
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  —  Killing two birds with one stone.  —  Amid a fierce trade war with the US, China's General Administration of Customs has changed …
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.
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  —  OpenAI will soon retire GPT-4, an AI model it launched over two years ago, from ChatGPT, according to a changelog posted on Thursday.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:10 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

April Roach / CNBC:
Bill Ackman's Pershing Square proposes to acquire Amsterdam-listed Universal Music Group for €56B in cash and stock, form a merged company, and list on the NYSE

Sara Fischer / Axios:
AP warns Lee Enterprises that Lee's attempt to end its deal with AP early, on April 26 instead of December 31, could lead to breach of contract consequences

New York Times:
Journalist Shelly Kittleson, abducted in Iraq by an Iranian-aligned militia, has been freed after a week in captivity, per the militia and two Iraqi officials

More News

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

Reuters:
SmartScout: China-based electronics accessories maker Anker has raised prices by ~18% on a fifth of its products on Amazon, as US starts applying new tariffs
Ellen O'Regan / Politico:
Ireland's DPC opens an investigation into how personal data in public X posts was used to train xAI's Grok, which could stoke tensions between the EU and the US
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+
Andrew Liszewski / The Verge:
Razer launches Razer PC Remote Play, which streams PC games to mobile devices running Windows, iOS, iPadOS, or Android at their native resolutions
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