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May 12, 2025, 10:15 AM
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| Financial Times: |
The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30% — Deal to reduce duties for next 90 days marks the first sign of tension easing between the two economic superpowers
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| Wall Street Journal: |
Sources: Apple considers raising prices for its fall iPhone lineup, a step it is seeking to couple with new features and design changes, without blaming tariffs — China still leads production of high-end models, exposing the company to trade risk — Apple is weighing price increases …
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| Bloomberg: |
Sources: SoftBank and OpenAI's $100B Stargate investment hits snags on tariff fears; talks with dozens of lenders started earlier in 2025 have yielded no deals — SoftBank Group Corp.'s plans to invest $100 billion in artificial intelligence infrastructure in the US have slowed …
More: WinBuzzer and Tech in Asia
| Financial Times: |
Sources: OpenAI is negotiating with Microsoft to launch a future IPO; Microsoft is offering to cut its equity stake for access to OpenAI's new tech beyond 2030 — High-stakes talks to revise terms of multibillion-dollar partnership are key to plans to adopt for-profit model
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Forums: r/singularity, r/artificial, and r/wallstreetbets
| Cecilia D'Anastasio / Bloomberg: |
A profile of Genshin Impact creator HoYoverse, which is exploring new game genres as its titles begin to cannibalize each other and its revenue declined in 2024 — HoYoverse plots a future path to reach further than its anime roots — For decades, Chinese video games and American gamers just didn't mix.| Dominic Preston / The Verge: |
Honor launches a free AI image-to-video generator powered by Google's Veo 2 in the Honor 400 and 400 Pro, shipping May 22; Veo 2 is limited to paid Gemini plans — Honor 400 buyers will be the first to try Google's effort at creating videos from images on a phone.| Ernesto Van der Sar / TorrentFreak: |
How OpenDNS, Cloudflare, and Google responded to EU court orders to block the DNS resolution of pirate sites; OpenDNS left France and Belgium rather than comply — The frontline of online piracy liability keeps moving, and core internet infrastructure providers are increasingly finding themselves in the crosshairs.| Alex Wilkins / New Scientist: |
A look at Foresight, an AI model trained on anonymized NHS data from 57M people in England, which could help predict diseases or forecast hospitalization rates — The makers of an AI model called Foresight say it could help predict disease or hospitalisation rates, but others have expressed concern … | Financial Times: |
Saudi Arabia launches Humain, a multibillion-dollar AI company chaired by Crown Prince Mohammed bin Salman, the main vehicle to drive the kingdom's AI strategy — Riyadh's latest multibillion-dollar push will bring new focus to Crown Prince Mohammed bin Salman's tech ambitions
More: Reuters
| Anton Shilov / Tom's Hardware: |
Sen. Tom Cotton introduces a bill to mandate AI chip makers to include geo-tracking tech to comply with export rules, taking effect six months from its passing — Senator Tom Cotton's legislation seeks to “prevent advanced American chips from falling into the hands of adversaries like Communist China.”| Financial Times: |
How India aims to become a regional data center hub, leveraging its low energy pricing and AI-skilled workforce; power supply constraints pose a major challenge — Domestic demand is rising fast and international cloud providers are looking to expand footprints — Krishn Kaushik and Chris Kay in Chennai
More: Entrepreneur
| New York Times: |
How President Trump is leveraging the US' dominance in AI chips to secure strategic deals with Middle Eastern oil-rich countries like Saudi Arabia and the UAE — As the president heads to the Middle East, America's dominance over A.I. chips has become a powerful source of leverage for the president.
More: Bloomberg, Cryptopolitan, Rest of World, and Axios
| Reuters: |
Chinese government data: Chinese shipments of foreign-branded cellphones, including iPhones, dropped by 49.6% YoY to 1.887M units in March 2025 — Chinese shipments of foreign-branded cellphones, including Apple Inc's (AAPL.O) iPhones, dropped by 49.6% year on year in March …
More: BusinessLIVE, Profit, and Tech in Asia
| Steven Scheer / Reuters: |
Tel-Aviv based quantum computing startup Classiq raised a $110M Series C led by Entree Capital, taking its total funding since its 2020 founding to $173M — Israeli quantum computing startup Classiq has raised $110 million in a mid-stage private funding round, it said on Monday, bringing its total fundraising to $173 million.
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Sources:
AWS CEO Matt Garman on building a $1 trillion business
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Cheeky Pint:
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