Techmeme
April 4, 2025, 5:25 PM

Top News

Wall Street Journal:
Sources: Klarna has halted its planned IPO in the wake of Trump's tariffs turmoil; StubHub has also delayed its IPO plans  —  Klarna, the specialty lending and online payments provider, has halted its planned initial public offering, the latest IPO casualty in the wake of Trump administration's sweeping tariff announcement.
Reuters:
China places export restrictions on key rare earth elements as part of its response to President Trump's tariffs and an extra 34% retaliatory tariff on US goods  —  China placed some rare earth elements under export restrictions on Friday as part of its sweeping response …
Mike Isaac / New York Times:
Trump's tariffs may reduce ad spending on Meta platforms, which rely heavily on SMBs globally; 10% of Meta's 2023 revenue was from Chinese advertisers like Temu  —  Meta, which owns Facebook, Instagram and WhatsApp, would not seem to be in the line of fire from tariffs.
Jonathan Vanian / CNBC:
Trump says he will sign an EO to keep TikTok running for an additional 75 days, as a deal “requires more work to ensure all necessary approvals are signed”  —  President Donald Trump on Friday extended a deadline requiring China-based ByteDance to sell the U.S. operations of TikTok …
Annmarie Hordern / Bloomberg:
President Trump reiterates he's open to tariff relief for China if Beijing approves the sale of TikTok's US operations  —  President Donald Trump said he was open to reducing his tariffs if other nations were able to offer something “phenomenal,” indicating that the White House was open …
Emma Roth / The Verge:
Nintendo delays Switch 2 preorders that were set for April 9 due to concerns about Trump's tariffs but the June 5 launch date remains unchanged  —  Nintendo says preorders will no longer start on April 9th, but the console's June 5th release date is unchanged.
Dominic Preston / The Verge:
Microsoft Copilot adds support for memory, personalization, web-based actions, podcast creation, camera and screen analysis, deep research, and more  —  The AI assistant adds personalization, web actions, podcast creation, and more. … As it marks its 50th anniversary …
Kyle Wiggers / TechCrunch:
Sam Altman says OpenAI plans to release o3 and o4-mini “after all” and GPT-5 “in a few months”, citing challenges in “smoothly integrating everything”  —  After effectively cancelling the consumer release of its o3 reasoning model, OpenAI now says that it plans …
Washington Post:
US officials say NSA director and Cyber Command head Timothy Haugh was fired on April 3, along with his civilian deputy Wendy Noble and at least five aides  —  The director of the NSA, the powerful wiretapping and cyber espionage service, was fired Thursday, according to U.S. officials.  —  just now
Pew Research Center:
Survey: 35% of US adults say they think AI's impact on the US will be negative over the next 20 years, while 56% of AI experts say AI's impact will be positive  —  The public and experts are far apart in their enthusiasm and predictions for AI.  But they share similar views in wanting …
Tom Warren / The Verge:
On Microsoft's 50th anniversary, company executives reflect on its history and how it responds to challenges and evolves  —  In 2005, Microsoft's leaders were starting to get worried.  Windows and Office were doing well, but the company's lead software architect, Ray Ozzie …
Kyle Wiggers / TechCrunch:
Midjourney debuts V7 in alpha, its first new AI image model in nearly a year with a “totally different architecture”, a week after OpenAI's new image generator  —  Midjourney, one of the first AI-based image generators on the web, has released its first new AI image model in nearly a year.
Foreign Affairs:
By embracing Trump, Big Tech risks losing access to Europe, pushing Europe to build its own companies and platforms as Chinese companies try to expand to Europe  —  How Silicon Valley Got Entangled in Geopolitics—and Lost  —  Technology companies such as Alphabet, Meta, and OpenAI need to wake up to an unpleasant reality.

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