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April 4, 2025, 10:55 PM
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Top News

Fareed Sahloul / Bloomberg:
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy  —  Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Todd Spangler / Variety:
The Nasdaq fell 5.8% on the second day following Trump's tariffs announcement, with Nvidia closing down 7.4%, Apple 7.3%, Netflix 6.7%, Meta 5%, and Amazon 4.2%  —  Amid steep losses, U.S. president says ‘my policies will never change’  —  Stocks dropped sharply for a second day …
Reuters:
China places export restrictions on key rare earth elements as part of its response to President Trump's tariffs and an extra 34% retaliatory tariff on US goods
Mike Isaac / New York Times:
Trump's tariffs may reduce ad spending on Meta platforms, which rely heavily on SMBs globally; 10% of Meta's 2023 revenue was from Chinese advertisers like Temu
Jonathan Vanian / CNBC:
Trump says he will sign an EO to keep TikTok running for an additional 75 days, as a deal “requires more work to ensure all necessary approvals are signed”  —  President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok …
Reuters:
Sources: a TikTok deal, which was largely finalized by April 2, was put on hold after China indicated it would reject the deal over Trump's tariffs  —  A deal to spin off the U.S. assets of TikTok was put on hold after China indicated that it would not approve the deal following President …
Annmarie Hordern / Bloomberg:
President Trump reiterates he's open to tariff relief for China if Beijing approves the sale of TikTok's US operations
Emma Roth / The Verge:
Nintendo delays Switch 2 preorders that were set for April 9 due to concerns about Trump's tariffs but the June 5 launch date remains unchanged  —  Nintendo says preorders will no longer start on April 9th, but the console's June 5th release date is unchanged.
Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more  —  The AI assistant adds personalization, web actions, podcast creation, and more. … As it marks its 50th anniversary …
Aisha Malik / TechCrunch:
Amazon introduces a Kindle Recaps feature that uses GenAI and moderators to create short summaries of books in a series  —  Amazon is introducing a new “Recaps” feature for Kindle users to help them recall plot points and character arcs before picking up the latest book in a series.
RT Watson / The Block:
The US SEC says that “covered” US dollar stablecoins like USDT and USDC are not securities, and registration is not required for minting or redeeming them  —  - The U.S. Securities and Exchange Commission said “covered” U.S. dollar stablecoins — basically USDT and USDC …
Maxwell Zeff / TechCrunch:
Google releases API pricing for Gemini 2.5 Pro: $1.25 per 1M input tokens and $10 per 1M output tokens for prompts up to 200K tokens, its priciest model yet  —  On Friday, Google released API pricing for Gemini 2.5 Pro, an AI reasoning model with industry-leading performance on several benchmarks measuring coding, reasoning, and math.
Kyle Wiggers / TechCrunch:
Sam Altman says OpenAI plans to release o3 and o4-mini “after all” and GPT-5 “in a few months”, citing challenges in “smoothly integrating everything”  —  After effectively cancelling the consumer release of its o3 reasoning model, OpenAI now says that it plans …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:55 PM ET, April 4, 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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Tom Warren / The Verge:
On Microsoft's 50th anniversary, company executives reflect on its history and how it responds to challenges and evolves

Earlier Picks

Foreign Affairs:
By embracing Trump, Big Tech risks losing access to Europe, pushing Europe to build its own companies and platforms as Chinese companies try to expand to Europe
Pew Research Center:
Survey: 35% of US adults say they think AI's impact on the US will be negative over the next 20 years, while 56% of AI experts say AI's impact will be positive
Kyle Wiggers / TechCrunch:
Midjourney debuts V7 in alpha, its first new AI image model in nearly a year with a “totally different architecture”, a week after OpenAI's new image generator
Jay Peters / The Verge:
Nvidia says its custom processor for Nintendo's Switch 2 has a GPU with “dedicated RT Cores and Tensor Cores”, enabling real-time ray tracing and DLSS upscaling
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