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April 11, 2025, 4:40 AM
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Samantha Subin / CNBC:
The Nasdaq closes down 4%, with Meta down 7%, Nvidia down 6%, Amazon down 5%, and Apple down 4%, as the White House says Trump's tariffs on China now total 145%  —  Technology stocks plummeted Thursday and the Nasdaq Composite dropped 4% on the heels of its record-setting session.
Financial Times:
EC president von der Leyen: the EU may tax Big Tech ad revenue, targeting Meta and Google, if Trump trade talks fail and won't revisit its “untouchable” rules  —  European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation
Mark Gurman / Bloomberg:
Despite Trump admin pressure, Apple is unlikely to move iPhone production to the US soon due to facility, labor, and supply chain gaps only Asia can fill now  —  For US President Donald Trump, there would be few bigger victories than having a domestically produced version of the iPhone, one of the most popular tech products in history.
Charles Rollet / TechCrunch:
The DOJ charges AI shopping app Nate's ex-CEO, Albert Saniger, with fraud, alleging the app relies heavily on workers in the Philippines; Nate had raised $50M+  —  Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience …
Maxwell Zeff / TechCrunch:
OpenAI rolls out a ChatGPT memory feature that references past chats for answers, starting with ChatGPT Pro and Plus subscribers, but not in the UK and the EEA  —  OpenAI announced on Thursday that it's starting to roll out a new memory feature in ChatGPT that allows the chatbot to tailor …
Reuters:
The cybersecurity industry is quiet after Trump canceled SentinelOne's security clearances on April 9 for hiring Chris Krebs; SentinelOne says it will cooperate  —  The cybersecurity industry has gone mostly quiet after President Donald Trump took action against one of its prominent members.
Vikki Blake / GamesIndustry.biz:
The UK's home secretary criticizes Steam for hosting No Mercy, a game with sexual violence, rape, and incest; Steam removed it in the UK, Australia, and Canada  —  UPDATE: The game has been removed from Steam in the UK, Australia, and Canada  —  CW: This story contains references …
Dustin Volz / Wall Street Journal:
Sources: Chinese officials acknowledged in a secret December 2024 meeting that China was behind the Volt Typhoon hacks, tying them to the US' support for Taiwan  —  A senior Chinese official linked intrusions to escalating U.S. support for Taiwan  —  WASHINGTON—Chinese officials acknowledged …
Jesse Hamilton / CoinDesk:
Trump signs a bill repealing IRS rules that treat DeFi platforms as brokers and require them to report user data, the first pro-crypto effort to clear Congress  —  The successful reversal of the Internal Revenue Service rule marks the first time the industry got a significant pro-crypto effort through Congress.
Ivan Mehta / TechCrunch:
Canva debuts Canva AI, which lets users generate images, design ideas, and documents, and Canva Code, for creating mini apps that can be integrated in designs  —  Although there has been significant pushback from artists regarding the proliferation of AI design tools and the content used …
Matt Horne / Android Authority:
OnePlus launches the OnePlus Watch 3 in the US after pulling it to fix the “Meda in China” typo, but for $500, up from the $330 OnePlus had previously announced  —  OnePlus has refused to comment, but new 125% tariffs on the country where the device is made might be a big clue.  —  •
Erin Woo / The Information:
Source: Google laid off hundreds of employees in its platforms and devices unit, which works on Android, Pixel, and Chrome, after offering buyouts in January  —  Google on Thursday laid off hundreds of employees in its platforms and devices unit, which works on Android software …
Emanuel Maiberg / 404 Media:
Meta says all LLMs “historically have leaned left” and wants to remove that bias with Llama 4 to “understand and articulate both sides of a contentious issue”  —  Bias in artificial intelligence systems, or the fact that large language models, facial recognition …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:40 AM ET, April 11, 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

Hadlee Simons / Android Authority:
Oppo launches the Find X8 Ultra in China, with a 6.82" OLED, a Snapdragon 8 Elite, a 6,100mAh battery, four rear cameras, and 100W charging, starting at ~$890

Earlier Picks

Wayne Ma / The Information:
A look at the personalities, execution problems, and poor leadership behind Apple's Siri failure; John Giannandrea's AI/ML group was dubbed “AIMLess” internally
Sarah Wynn / The Block:
Block reaches a $40M settlement with NYDFS for “critical gaps” in its anti-money laundering program, including risk-based controls and customer due diligence
Sam Rutherford / Engadget:
Google Pixel 9a review: a great display, battery life, and cameras, a sleek design, and IP68, but slow charging, no Pixel Screenshot, and a finicky Macro Focus
Bloomberg:
Annual shareholder letter: Andy Jassy says Amazon has to operate like the “world's largest startup” and generative AI will reinvent “every customer experience”
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