| Washington Post: |
Sources: China has quietly exempted from tariffs at least eight classifications of US-made microchips, as it seeks to exempt “irreplaceable” goods — Levies on certain U.S.-made microchips have been dropped, importers say. Meanwhile, China denied President Trump's claims that talks to reduce tariffs are happening.| Bloomberg: |
Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East — The Chinese startup behind Manus AI secured a round of financing led by US venture firm Benchmark, scoring capital to explore … | Financial Times: |
Sources: Apple plans to move assembly of all iPhones sold in the US, or 60M+ iPhones per year, to India by the end of 2026, in response to Trump's trade war — FT Exclusive: Tech giant plans to shift assembly as soon as next year in response to Donald Trump's trade war| Chris Welch / The Verge: |
Google says it will end support for 1st- and 2nd-gen Nest thermostats on October 25, and won't launch new models in Europe due to its “unique” heating systems — The company is also pulling Nest thermostats out of Europe entirely, citing “unique” heating challenges.| Tom Warren / The Verge: |
Microsoft makes Recall available to all Copilot+ PCs, along with a new AI-powered Windows search and Click to Do, which works like Google's Circle to Search — Microsoft's Click to Do image and text tool is also rolling out today. … We knew Microsoft was about to launch Recall for real this time … | Newcomer: |
Internal presentation by Microsoft's CFO Amy Hood: number of users for Copilot has been flat over the past year with ~20M weekly users, as ChatGPT grew to 400M — Mustafa Suleyman hasn't delivered the turnaround he was hired to bring — At Microsoft's annual executive huddle last month … | Financial Times: |
Deliveroo, which listed in London with a £7.6B valuation in 2021, says it received a buyout proposal from DoorDash that would value the company at £2.7B — UK food delivery group valued at £7.6bn in London listing four years ago — Deliveroo, the food delivery company … | Gabe Kaminsky / The Free Press: |
Leaked letter: interim DC attorney Ed Martin accused Wikipedia of allowing foreign manipulation and propaganda, threatening its tax-exempt status — In a letter obtained by The Free Press, Trump appointee Ed Martin accuses the Wikimedia Foundation of violating the law. Critics say his tactics are ‘grandstanding.’| Brody Ford / Bloomberg: |
Sources: Microsoft plans to increase the use of third-party firms for selling software to SMBs; in-house sellers will get more training and focus on AI products — Chief Commercial Officer Judson Althoff revealed the initiative to employees on Thursday, according to people familiar with the situation.| Hayden Field / CNBC: |
Meta and Booz Allen partner to deploy Space Llama, a fine-tuned version of Llama 3.2, for research aboard the International Space Station National Laboratory — On Friday, Meta and Booz Allen Hamilton launched “Space Llama.” — Llama, Meta's open-source artificial intelligence model … | Dan Primack / Axios: |
Deel sues Rippling for alleged defamation, libel, and deceptive trade practices, says Rippling placed an insider within Deel, is not tax compliant, and more — The legal battle between HR software unicorns Deel and Rippling escalated on Friday, with Deel suing Rippling for alleged defamation, libel, and deceptive trade practices.| The Information: |
Docs: Scale AI had revenue of $870M in 2024, missing its $1B target, and plans a $150M share sale that values the startup at around $25B, up 80% from a year ago — Scale AI, the fast-growing data-labeling startup, missed its revenue and profit targets last year, but its investors are undeterred.| John Revill / Reuters: |
Swiss National Bank says cryptocurrencies failed to meet its currency reserve standards, as a referendum campaign seeks to require SNB to hold bitcoin reserves — The head of the Swiss National Bank said on Friday that cryptocurrencies failed to meet the institution's currency reserve standards … | Kyle Wiggers / TechCrunch: |
OpenAI expands deep research usage for Plus, Pro, and Team users with an o4-mini-powered lightweight version, which also rolls out to Free users today — OpenAI is bringing a new “lightweight” version of its ChatGPT deep research tool, which scours the web to compile research reports on a topic … | Leo Schwartz / Fortune: |
Nous, which plans to launch an AI training system on Solana using people's idle computing power, raised a $50M Series A, a source says at a $1B token valuation — Training AI models requires a massive amount of computing power. — The crypto industry has been fighting to get a piece … | Carmen Arroyo / Bloomberg: |
Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021 — Elon Musk's X Holdings Corp. is evolving from a social media platform powered by mainstream advertisers to one betting … | Eleanor Olcott / Financial Times: |
Baidu CEO Robin Li says demand for text-based models like DeepSeek's is “shrinking” and claims the R1 model had a higher propensity for “hallucinations” — Search group's chief makes rare criticism of China's generative artificial intelligence darling| Bloomberg: |
| Allie Garfinkle / Fortune: |
Reducto, which helps companies convert complex documents into inputs for LLMs, raised a $24.5M Series A led by Benchmark, following a $8.4M seed in October 2024 — Reducto cofounders Adit Abraham and Raunak Chowdhuri. — Reducto — I've long been fond of Arthur C. Clarke's famous third law … | Bloomberg: |
Sources: the US pushed back against EU's AI code of practice; the code is voluntary, still being finalized, and aims to help companies comply with the AI Act — US President Donald Trump's administration is putting pressure on Europe to ditch a rulebook that would compel developers …
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