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May 12, 2025, 1:45 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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| 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 …
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| 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 … | 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: The Information, Bloomberg, Reuters, and CNBC
| 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, Middle East Monitor, and Cryptopolitan
| 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.”| 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.| Alex Weprin / The Hollywood Reporter: |
Amazon says the ad tier of Prime Video now reaches 130M+ US customers and it plans AI-powered tools for advertisers on Amazon including contextual ad copy — The tech giant says that Prime Video's main offering has added 15 million customers since its last update.| 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 … | 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: FinSMEs, STASH, FinTech Global, and AlleyWatch
| 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.| New York Times: |
How President Trump is leveraging the US' dominance in AI chips for strategic deals with countries flush with oil wealth, like Saudi Arabia, Qatar, 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: Tech Policy Press, The Indian Express, Bloomberg, Axios, and Cryptopolitan
| 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 … Sponsor Posts
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