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April 12, 2025, 10:00 AM
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memeorandum
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| Financial Times: |
The Trump administration excludes smartphones along with selected computers and laptops from reciprocal tariffs — Tech including routers and selected computers get reprieve after a week of turbulence in US markets — The Trump administration has excluded smartphones from its steep …
More: Bloomberg, CNBC, AppleInsider, CNN, 9to5Mac, and U.S. Customs …
Bluesky: @nosunkcosts, @jaec, @whetmoser.com, @danielzhao, @monhegan, @scottlincicome, @chadpbown.com, @christianh, @lookitup.baby, and @christianh
Mastodon: @KimPerales@toad.social and @ianb@mastodon.well.com
X: @yeselson, @josephpolitano, @mattbruenig, @jessesingal, @mattyglesias, @petespiliakos, @zac_petkanas, @keithmancuso, @besttrousers, @aaronblake, @pewilliams_, @jamessurowiecki, @historyboomer, @travisyost, @mooremorrissemi, @dkthomp, @dkaushik96, @nmf_bru, @scottlincicome, @danpfeiffer, @scottlincicome, @mohit_emkay, @seanobannon_, @confusedsith, @modestproposal1, @jraines, @rjunkapoor, @anthonydelage, @morqon, @itsandrewjude, @nkulw, @realjimchanos, @teroterotero, @divestech, @charlesarthur, @dimi, @markgurman, @benthompson, @tianan_, and @mgsiegler. LinkedIn: Deborah Elms
Forums: r/politics, r/DataHoarder, r/wallstreetbets, r/hardware, and r/baba
| Sara Fischer / Axios: |
Meta adds Dina Powell McCormick, who served as deputy national security adviser to Trump in his first term, and Stripe CEO Patrick Collison to its board — Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.
More: Reuters, Engadget, Meta, CNBC, Tech in Asia, RTÉ, The Information, TechCrunch, The Hollywood Reporter, and Irish Independent
X: @campbell_brown, @cernovich, @sarafischer, @donaldjtrumpjr, and @jasonmiller. Facebook: Mark Zuckerberg
| Bloomberg: |
Netflix is testing an OpenAI-powered search engine that lets users find shows via inquiries that go beyond genres or actors' names, like the subscriber's mood — The OpenAI-powered search engine lets customers look for shows using far more specific terms, including the subscriber's mood, for example, the company said.
More: The Verge, Financial Express, T3, Tech in Asia, and Trusted Reviews
| Financial Times: |
Sources: Ilya Sutskever's Safe Superintelligence raised $2B led by Greenoaks at a $32B valuation; SSI last raised $1B at a $5B valuation in September 2024 — Start-up raises $2bn, underscoring investors' keen appetite for bankrolling AI groups despite US economic tumult| Wall Street Journal: |
Sources: Binance asked the US Treasury last month to loosen oversight on its AML compliance, after Binance entered into deal talks with Trump's crypto venture — Executives for the cryptocurrency exchange met with Treasury officials last month after the company entered into talks with a Trump family venture
More: Reuters, DL News, Cryptopolitan, CoinGape, The Crypto Times, Coinpedia Fintech News, Crypto Briefing, Bloomberg, and Cointelegraph. X: @tier10k
| Sophie McEvoy / GamesIndustry.biz: |
Newzoo: global consumer spending for PC and console gaming fell 2% YoY to $80.2B in 2024, with console revenues leading market share with $42.8B, down 3.9% YoY — Firm estimates PC and console gaming market to reach $92.7 billion by 2027 — Global consumer spending for PC and console gaming fell …
More: Newzoo, TechSpot, ITC.UA, Mezha.Media, Game Rant, Kotaku, Game File, PC Games Insider, and CNET
| Makena Kelly / Wired: |
Sources: Palantir is helping DOGE build an API layer above all IRS databases; DOGE wants Palantir's Foundry software to be the “read center of all IRS systems” — For the past three days, DOGE and a handful of Palantir representatives, along with dozens of career IRS engineers …
Bluesky: @sbyrnes, @whodat35, @wired.com, @wired.com, @emptywheel, @techviews, @couts, and @katie-drummond. X: @wired
Forums: r/technology, r/politics, r/feddiscussion, r/fednews, and r/TrueReddit
| Ari Levy / CNBC: |
Filing: Founders Fund has closed a $4.6B late-stage venture fund; source: a substantial amount of the capital was provided by the firm's general partners — Founders Fund, the venture capital firm run by billionaire Peter Thiel, has closed a $4.6 billion late-stage venture fund …
More: Tech in Asia, The Economic Times, Bloomberg, and US SEC
| Meaghan Tobin / New York Times: |
ByteDance, which spent an estimated $11B in 2024 on infrastructure for AI, is using data from ~1B users of its apps as the linchpin of its growing AI business — A set of popular apps helped China's ByteDance develop a key component of advanced artificial intelligence: information on how a billion people use the internet.
More: Politico
| Ryan Weeks / Bloomberg: |
Architect Partners: Q1 2025 was a record quarter for crypto M&A with 61 deals and $2.2B in total deal value, including Kraken's $1.5B acquisition of NinjaTrader — A false dawn for M&A? — Is the crypto M&A boom for real? We asked Casper Johansen, partner at The Spartan Group, a digital assets advisory firm.| Sarah Perez / TechCrunch: |
Appfigures: ChatGPT was the most downloaded app globally in March, excluding games, with 46M downloads across App Store and Google Play, its biggest month ever — ChatGPT became the world's most downloaded app in March, excluding games, topping the usual contenders for the No. 1 spot, Instagram and TikTok.
More: Business Today, 9to5Mac, Moneycontrol, Nairametrics, The Economic Times, and Redmond Pie
| Chris Metinko / Crunchbase News: |
Asia's startup funding fell 40% YoY to ~$13B in Q1 2025, the lowest funding for a quarter since $12.3B in Q4 2014; AI startup funding fell 50% YoY to just $1.8B — While OpenAI's massive $40 billion funding boosted global and North America's funding totals, Asia was not so lucky.| Counterpoint Research: |
In Q1 2025, SK Hynix overtook Samsung for the first time to lead global DRAM revenues with a 36% share, driven by its dominant 70% market share in HBM — - SK Hynix takes lead for first time ever in DRAM, grabbing 36% share of revenues in Q1 2025 — In particular, the company dominated in critical HBM with 70% market shareSponsor Posts
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Hard Fork:
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