Techmeme
April 11, 2025, 4:40 AM

Top News

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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More News

Hadlee Simons / Android Authority:

Earlier Picks

Wayne Ma / The Information:
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Bloomberg: