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April 7, 2025, 9:45 AM
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memeorandum
WeSmirchTop News
| Vlad Savov / Bloomberg: |
Nintendo's and Sony's stocks closed down 7.85% and 10.04% on April 7 amid a Japan selloff driven by US tariffs; most Switches are assembled in China and Vietnam — Nintendo, fresh off the announcement of its pivotal next-generation Switch 2 console, is particularly vulnerable …
More: BBC, BBC, Popular Information, JPMorganChase, CNBC, CNN, CNBC, Bloomberg, Wall Street Journal, Bloomberg, Financial Times, and Times of India
Bluesky: @megannicolett. X: @trump_repost, @djcows, @dougboneparth, @mrmbrown, @henrysgao, @mattbruenig, @wsteaks, @jyarow, @isabelletanlee, @gurgavin, @alexwickham, @thetranscript_, @levie, @divestech, @asvanevik, @birdyword, @bobeunlimited, and @sonalibasak
| David Yaffe-Bellany / New York Times: |
Bitcoin is down 10%+ to ~$76K after President Trump's global tariffs, far below its record price of nearly $110K on Trump's inauguration on January 20, 2025 — The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.| Mauro Orru / Wall Street Journal: |
Global chip stocks drop as the US tariff rout on markets intensifies, extending last week's losses; Nvidia, Intel, ASML, SK Hynix, Infineon, and STMicro fall — The rout underscores investor concerns that tariffs could lead to higher prices for chips and subdue demand| Megan Farokhmanesh / Wired: |
Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, and they “weren't factored into” Switch 2 pricing — Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …
More: The Verge, CNN, Los Angeles Times, and CNBC
Bluesky: @mgsiegler.com, @megannicolett, and @andrewrweb
| Reuters: |
TSMC's and Foxconn's stocks closed down 9.98% and 9.77% on April 7 as US tariffs roil global supply chains; the US' 32% tariff on Taiwan is among Asia's highest — Taiwan stocks plummeted almost 10% on Monday, the biggest one-day percentage fall on record, in the first trading since U.S. tariffs …
More: Benzinga, Bloomberg, CNN, The Crypto Basic, Focus Taiwan, Decrypt, KVIA-TV, Tech in Asia, and DigiTimes
| Sam Tobin / Reuters: |
Filing: the UK Investigatory Powers Tribunal confirms Apple is appealing against a UK order to create an encryption “back door”, and says the case can be public — Apple (AAPL.O) is appealing against a British government order to create a “back door” to its encrypted cloud storage systems …
More: The Verge, Bloomberg, BBC, The Standard, The Register, 9to5Mac, AppleInsider, MacRumors, UK Investigatory Powers Tribunal, Financial Times, and Open Rights Group
Forums: r/apple and MacRumors Forums
| The Information: |
Sources: in recent weeks, OpenAI discussed acquiring io Products, a startup Sam Altman has been working on with Jony Ive to develop an AI device, for $500M+ — OpenAI in recent weeks discussed acquiring a startup its CEO Sam Altman has been working on with ex-Apple designer Jony Ive's studio …
More: TechCrunch, MacRumors, and WinBuzzer
| Will Knight / Wired: |
Stanford's 2025 AI index: China files more AI patents than the US, but US companies produced 40 frontier models, compared to 15 from China and three from Europe — New research from Stanford suggests artificial intelligence isn't ruled by just OpenAI and Google, as competition increases across the US, China, and France.
More: Stanford HAI, International Business Times, SiliconANGLE, Tech Brew, CIO Dive, Nature, Business Wire, and Axios
| Mark Gurman / Bloomberg: |
How Apple may adjust to the US tariffs; sources say the iPhone 17 Pro's camera panel will span the width of the phone and will be the same color as the device — After years of avoiding iPhone price hikes in the US, Apple could finally be forced to to make increases.
More: Computerworld, MacRumors, Tom's Guide, iDownloadBlog.com, iPhone in Canada Blog, AppleInsider, BGR, NBC News, Android Headlines, GSMArena.com, Digital Trends, Fortune, Forbes, TechRadar, Digit, Stuff, Wccftech, MacRumors, ZeroHedge News, 9to5Mac, PhoneArena, New York Post, Philip Elmer‑DeWitt, iClarified, AppleInsider, AppleInsider, The Mac Observer, Apple Must, 9to5Mac, 9to5Mac, Cult of Mac, Reuters, New York Times, and Wall Street Journal
Forums: r/politics, r/apple, and MacRumors Forums
| Mayank Parmar / BleepingComputer: |
Sources and an APK teardown: OpenAI is testing watermarks for images generated via ChatGPT's free account; whether OpenAI rolls the feature out is unclear — OpenAI is reportedly testing a new “watermark” for the Image Generation model, which is a part of the ChatGPT 4o model.
More: Tech Monitor, Moneycontrol, Digital Trends, and WinBuzzer
Bluesky: @badinternet.oracularhades.com, @cdgoldstein …, @sethpartnow, and @edzitron.com. Threads: @camwilsonreporter. X: @btibor91. Forums: r/technology
| Mathieu Pollet / Politico: |
Huawei says it “terminated the employment of two individuals” from April 1 and suspended a third from April 2 in response to the EU corruption scandal — Chinese tech giant is at the center of Belgian investigation into wrongdoing. — BRUSSELS — Huawei has fired two employees …
More: Fox News
| Katie Roof / Bloomberg: |
SignalFire raised a $1B+ fund to bet on early-stage AI startups, taking its AUM to $3B, and plans to use AI to spot market trends to help portfolio companies — With the new funds SignalFire will focus on AI — and use it too. — Venture capital firm SignalFire has raised over a $1 billion … Sponsor Posts
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| Mark Gurman / Bloomberg: |
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