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May 12, 2025, 1:55 PM
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| Financial Times: |
The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30% — Deal to reduce duties for next 90 days marks the first sign of tension easing between the two economic superpowers
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| Wall Street Journal: |
Sources: Apple considers raising prices for its fall iPhone lineup, a step it is seeking to couple with new features and design changes, without blaming tariffs — China still leads production of high-end models, exposing the company to trade risk — Apple is weighing price increases …
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Forums: r/iphone and MacRumors Forums
| Bloomberg: |
Sources: SoftBank and OpenAI's $100B Stargate investment hits snags on tariff fears; talks with dozens of lenders started earlier in 2025 have yielded no deals — SoftBank Group Corp.'s plans to invest $100 billion in artificial intelligence infrastructure in the US have slowed …
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| Axios: |
The White House says a 120% tariff rate on shipments from China valued under $800, or a flat $100 fee per postal item, will remain, in a blow to Shein and Temu — Small packages from China are still subject to tariffs of 120%, a White House official confirmed Monday … | Berber Jin / Wall Street Journal: |
Sources: Perplexity is in advanced talks to raise $500M led by Accel in a round that values it at $14B, up from $9B in November 2024 — Artificial-intelligence search company is raising $500 million — Perplexity is in advanced talks to raise $500 million in a round that values it at $14 billion …
More: The Information, Bloomberg, Reuters, CNBC, and Proactive
| Financial Times: |
Saudi Arabia launches Humain, a multibillion-dollar AI company chaired by Crown Prince Mohammed bin Salman, the main vehicle to drive the kingdom's AI strategy — Riyadh's latest multibillion-dollar push will bring new focus to Crown Prince Mohammed bin Salman's tech ambitions
More: TechCrunch, WinBuzzer, Reuters, Middle East Monitor, and Cryptopolitan
| Anton Shilov / Tom's Hardware: |
Senator Tom Cotton introduces a bill to mandate that AI chip makers use geo-tracking tech to comply with export rules, taking effect six months after it passes — Senator Tom Cotton's legislation seeks to “prevent advanced American chips from falling into the hands of adversaries like Communist China.”| Dominic Preston / The Verge: |
Honor unveils a free AI image-to-video generator powered by Google's Veo 2, first in the Honor 400 and 400 Pro, which ship from May 22; Google limits Veo 2 use — Honor 400 buyers will be the first to try Google's effort at creating videos from images on a phone.| Kritika Lamba / Reuters: |
Chegg says subs dropped 31% in Q1 to 3.2M; it will lay off 248 employees, or ~22% of its staff, to cut costs as students keep turning to AI tools like ChatGPT — Chegg (CHGG.N) said on Monday it would lay off about 22% of its workforce, or 248 employees, to cut costs and streamline … | Alex Weprin / The Hollywood Reporter: |
Amazon says the ad tier of Prime Video now reaches 130M+ US customers and it plans AI-powered tools for advertisers on Amazon including contextual ad copy — The tech giant says that Prime Video's main offering has added 15 million customers since its last update.
More: The Wrap, MediaPost, Cord Cutters News, Streaming Better, and The Desk. Bluesky: @josefresco.com
| PYMNTS.com: |
Financial guidance service Stash says it raised a $146M Series H, has 1.3M paying subs, and its recently launched Money Coach AI has had 2.2M user interactions — Stash has secured $146 million in a Series H funding round to deepen its investment in artificial intelligence (AI) for its financial guidance platform.
More: FinSMEs, STASH, FinTech Global, and AlleyWatch
| Cecilia D'Anastasio / Bloomberg: |
A profile of Genshin Impact creator HoYoverse, which is exploring new game genres as its titles begin to cannibalize each other and its revenue declined in 2024 — HoYoverse plots a future path to reach further than its anime roots — For decades, Chinese video games and American gamers just didn't mix.| New York Times: |
How President Trump is leveraging the US' dominance in AI chips for strategic deals with countries flush with oil wealth, like Saudi Arabia, Qatar, and the UAE — As the president heads to the Middle East, America's dominance over A.I. chips has become a powerful source of leverage for the president.
More: Tech Policy Press, The Indian Express, Bloomberg, Axios, and Cryptopolitan
| Alex Wilkins / New Scientist: |
A look at Foresight, an AI model trained on anonymized NHS data from 57M people in England, which could help predict diseases or forecast hospitalization rates — The makers of an AI model called Foresight say it could help predict disease or hospitalisation rates, but others have expressed concern … Sponsor Posts
Subquadratic:
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Zoho:
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IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.Featured Podcasts
Sources:
A quiet investor's $10 billion bet on AI, chips, and defense
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Cheeky Pint:
The company building America's uranium supply from scratch
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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Grit:
The Difference Between 1% Improvements and 10x Growth | Immad Akhund
Grit explores what it takes to create, build and scale world-class organizations.
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Lenny's Podcast:
How a 19-year-old intern built the growth engine behind this $2B AI company | Hector Serrano
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Machine Gods:
OpenAI's Latest Discoveries Spark a Backlash + Help! My Kid Hates AI
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
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