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April 16, 2025, 6:30 AM
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CNBC:
SEC filing: Nvidia says it will record a $5.5B quarterly charge after new US rules to require a license to export the H20 chips to China; NVDA drops ~5%  —  Nvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.
Reuters:
Sources: Nvidia did not warn at least some major customers in advance about new US export rules on its H20 chips to China; the US told Nvidia about a week ago
Wall Street Journal:
Sources: Meta offered $450M in late March to settle the FTC's antitrust case and raised its offer to ~$1B as the trial neared; the FTC had demanded $30B  —  The FTC wanted $30 billion to drop its case.  Zuckerberg offered much less and hoped Trump would back him up.
Bloomberg:
FTC v. Meta: in an email, Mark Zuckerberg considered spinning off Instagram in 2018 as he increasingly became concerned that its success was hurting Facebook  —  Mark Zuckerberg considered spinning off Instagram into a separate company in 2018 as he increasingly became concerned that the photo …
Bloomberg:
FTC v. Meta: Mark Zuckerberg testified about his acquisitions of Instagram and WhatsApp, including a 2012 email exchange rationalizing the apps' acquisition
David DiMolfetta / Nextgov/FCW:
Mitre, the nonprofit research organization behind the CVE program, says the US government funding needed to develop and operate CVE will expire on April 16  —  The U.S. government funding needed for non-profit research giant MITRE to develop, operate and maintain its flagship Common Vulnerabilities …
The Verge:
Sources: OpenAI is in the early stages of building its own X-like social network, focused on ChatGPT image generation, and is asking some outsiders for feedback  —  Is Sam Altman ready to up his rivalry with Elon Musk and Mark Zuckerberg? … OpenAI is working on its own X-like social network …
Ryan Browne / CNBC:
ASML reports Q1 net sales up 46% YoY to €7.74B, vs. €7.8B est., a €2.36B net profit, €3.94B net bookings, below €4.89B est., and warns of tariff uncertainty  —  Dutch semiconductor equipment giant ASML on Wednesday missed order expectations and said that uncertainty …
Reuters:
Figma confidentially files for a US IPO, more than a year after Adobe's $20B acquisition failed; the company was valued at $12.5B in a May 2024 tender offer  —  Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States …
Abner Li / 9to5Google:
Google plans to redirect all Search users to google.com over the coming months, saying “country-level domains are no longer necessary”  —  Historically, Google users around the world have visited country-specific sites like google.com.br (Brazil), google.fr (France), or google.co.uk (UK).
Mohar Chatterjee / Politico:
Sources: the US DOD's Defense Digital Service is effectively shutting down as nearly all staff are resigning, saying they were sidelined by DOGE's efforts  —  Employees of a defense tech unit say they were sidelined by DOGE.  “Either we die quickly or we die slowly,” says the director.
Jenna McLaughlin / NPR:
Whistleblower: at the NLRB, DOGE staff disabled monitoring tools, deleted logs, and one worked on “NxGenBdoorExtract”; a Russian IP tried to access NLRB systems
Dylan Patel / SemiAnalysis:
A look at Huawei's AI CloudMatrix 384 rack-scale system, which is less power-efficient than Nvidia's GB200 NVL72, though this is not a limiting factor in China  —  Huawei is making waves with its new AI accelerator and rack scale architecture.  Meet China's newest and most powerful Chinese domestic solution …
Emma Roth / The Verge:
Google rolls out its text-to-video AI model Veo 2 to Gemini Advanced subscribers and makes its Whisk Animate tool available for Google One AI Premium users  —  A new Whisk Animate tool is coming to Google One AI Premium users, as well. … Google is letting Gemini Advanced subscribers try out Veo 2 …
Ben Weiss / Fortune:
OKX relaunches in the US and unveils a new crypto wallet for users, two months after a $500M DOJ settlement over insufficient anti-money laundering processes  —  Seychelles-based OKX announced on Tuesday that it is relaunching the U.S. version of its crypto exchange and unveiled a new wallet …
Kyle Wiggers / TechCrunch:
xAI unveils Grok Studio, a canvas-like tool for its Grok chatbot that can generate and edit documents, run code like Python and JavaScript, and more  —  Grok, the chatbot from Elon Musk's AI company, xAI, has gained a canvas-like feature for editing and creating documents and basic apps.
Ben Sherry / Inc:
Anthropic's Claude adds Research, capable of searching the web and internal documents to give comprehensive answers, in beta for Max, Team, and Enterprise plans  —  The integration should make Claude even more effective as a virtual assistant.  Plus, there's a new ‘Research’ mode.
Igor Bonifacic / Engadget:
4chan is down after an apparent hack late on April 14; an Imgur post seems to show a hacker gained shell access to 4chan's hosting server and doxxed some users  —  More like 404chan, amirite?  —  4chan, the controversial forum known for birthing early meme culture and Gamergate, is down, following an apparent hack.

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This is a Techmeme archive page. It shows how the site appeared at 6:30 AM ET, April 16, 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

Meg James / Los Angeles Times:
Sources: Paramount's board approved David Ellison's plan to possibly leave California, selling its 65-acre lot in Hollywood and the Warner Bros. Burbank campus

Dan Mangan / CNBC:
President Trump announces that White House Press Secretary Karoline Leavitt will leave her post by the end of August to spend more time with her family

Benjamin Mullin / New York Times:
Sources: Forbes fired Chief Content Officer Randall Lane last month after finding he received ~$6M from R.J. Shook, founder of Forbes partner Shook Research

More News

Earlier Picks

PYMNTS.com:
Cape Town-based Stitch, which provides an online payments suite to enterprises, raised a $55M Series B led by QED Investors, bringing its total funding to $107M
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