Techmeme
April 12, 2025, 2:30 AM

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.
Ellen O'Regan / Politico:
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 …
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 …
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.
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  —  Waymo robotaxis made up about 20% of rides offered by Uber Technologies Inc. in Austin in the last week of March, underscoring how consumers have warmed …
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”  —  - TP-Link Systems still has sizable China presence, records show  — Founder says he's ‘chosen the US’ in company's restructuring
Forums: Slashdot
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.
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.
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.

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More News

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Earlier Picks

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Maxwell Zeff / TechCrunch: