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May 12, 2025, 3:00 PM
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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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Forums: r/iphone and MacRumors Forums
| 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: PYMNTS.com, TechCrunch, Neowin, New York Post, RCR Wireless News, WinBuzzer, and Tech in Asia. Bluesky: @triangulator.org
| Axios: |
The White House says a 120% tariff rate on shipments from China valued under $800, or a flat $100 fee per postal item, will remain, in a blow to Shein and Temu — Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday …
More: WinBuzzer, Reuters, CBS News, FlowingData, and NBC Bay Area
| Berber Jin / Wall Street Journal: |
Sources: Perplexity is in advanced talks to raise $500M led by Accel in a round that values it at $14B, up from $9B in November 2024 — Artificial-intelligence search company is raising $500 million — Perplexity is in advanced talks to raise $500 million in a round that values it at $14 billion …
More: Financial Times, Bloomberg, The Information, Business Standard, CNBC, Proactive, CryptoSlate, and Wall Street Pit
| 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: TechCrunch, WinBuzzer, Reuters, and Cryptopolitan
| Mark Gurman / Bloomberg: |
Sources: Apple is planning an AI-powered battery management mode for iOS 19 that analyzes how a person uses their phone and makes adjustments to conserve energy — Apple Inc. is planning to use artificial intelligence technology to address a frequent source of customer frustration: the iPhone's battery life.| Kritika Lamba / Reuters: |
Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT — Chegg (CHGG.N) said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline … | Anton Shilov / Tom's Hardware: |
Senator Tom Cotton introduces a bill to mandate that AI chip makers use geo-tracking tech to comply with export rules, taking effect six months after it passes — Senator Tom Cotton's legislation seeks to “prevent advanced American chips from falling into the hands of adversaries like Communist China.”| PYMNTS.com: |
Financial guidance service Stash says it raised a $146M Series H, has 1.3M paying subs, and its recently launched Money Coach AI has had 2.2M user interactions — Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence (AI) for its financial guidance platform.
More: STASH, FinSMEs, FinTech Global, and AlleyWatch
| Bloomberg: |
CrowdStrike CEO George Kurtz disclosed last month that he had gifted $1B+ worth of CrowdStrike stock to undisclosed recipients, cutting his voting power to 2.5% — The disposition is the latest in a series of transactions that have slashed his voting power in CrowdStrike to 2.5% from 31% in 2022 …
Forums: Hacker News
| Kyle Wiggers / TechCrunch: |
Google's Gemma models passed 150M downloads and 70K+ variants on Hugging Face, after launching in Feb. 2024; Meta's Llama models passed 1.2B downloads in April — Google's openly available Gemma collection of AI models has reached a milestone: over 150 million downloads.| Dominic Preston / The Verge: |
Honor unveils a free AI image-to-video generator powered by Google's Veo 2, first in the Honor 400 and 400 Pro, which ship from May 22; Google limits Veo 2 use — Honor 400 buyers will be the first to try Google's effort at creating videos from images on a phone.| 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.Sponsor Posts
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Channels with Peter Kafka:
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