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April 16, 2025, 7:55 AM
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| CNBC: |
SEC filing: Nvidia says it will record a $5.5B quarterly charge after new US rules to require a license to export the H20 chips to China; NVDA drops ~5% — Nvidia said on Tuesday that it will take a quarterly charge of about $5.5 billion tied to exporting H20 graphics processing units to China and other destinations.
More: US SEC, Tech Monitor, Tom's Hardware, Reuters, Bloomberg, CNN, CTech, The Register, Associated Press, from ITPro in, IG, Silicon UK, Financial Times, MarketWatch, Ukrainian National News, Analytics India Magazine, WinBuzzer, Yahoo Finance, TechPowerUp, crypto.news, Verdict, ANI News, Daily Sabah, Forbes, Fortune, Cointelegraph, Times of India, Associated Press, Le Monde, The Times, Wall Street Journal, Business Standard, CoinDesk, Shacknews, Business Insider, Cryptopolitan, Finance Magnates, SiliconANGLE, TipRanks Financial, Evertiq AB, Tech in Asia, Benzinga, Mobile World Live, TechCrunch, Wall Street Pit, //www.investmentweek.co.uk/, ZeroHedge News, and Investor's Business Daily
X: @riddle245, @tradingthomas3, @buccocapital, @donmiami3, @divestech, @divestech, @garethsoloway, @stocksavvyshay, @spencerhakimian, @kobeissiletter, @smartertrader, @drjstrategy, @geoffreygertz, @thezvi, @samsolid57, @steveyonezu, @tysonbrody, @nikitabier, @ns123abc, @divestech, @amitisinvesting, @divestech, @firstadopter, @smartertrader, @tmtbreakout, @rsanti97, @danielnewmanuv, and @mackhawk
Forums: r/China, r/WallStreetbetsELITE, and r/technology
| Reuters: |
Sources: Nvidia did not warn at least some major customers in advance about new US export rules on its H20 chips to China; the US told Nvidia about a week ago — Nvidia (NVDA.O) did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring …
More: New York Times, CNBC, The Economic Times, CoinDesk, The Olympian, The Guardian, Cryptopolitan, Euronews, Tech in Asia, TipRanks Financial, Bloomberg, BBC, RTÉ, Reuters, Financial Express, The West Australian, Radio Free Asia, Livemint, Forexlive, RTHK, The Straits Times, Wall Street Journal, and Engadget
| David DiMolfetta / Nextgov/FCW: |
Mitre, the nonprofit research organization behind the CVE program, says the US government funding needed to develop and operate CVE will expire on April 16 — The U.S. government funding needed for non-profit research giant MITRE to develop, operate and maintain its flagship Common Vulnerabilities …
More: CSO, Reuters, The Register, Forbes, Krebs on Security, The Record, Silicon Republic, BleepingComputer, Android Authority, ITPro, Infosecurity, Cyber Security News, CyberInsider, John Hammond on YouTube, The Stack, Security Boulevard, SC Media, and PCMag
Bluesky: @cachiporra, @stimulusfunctions, @metacurity.com, @waldo.net, @slightlyflightyone, and @mmasnick. Mastodon: @briankrebs@infosec.exchange
X: @0xtib3rius, @dcuthbert, @cyb3rops, @cyb3rops, @ddimolfetta, @adefunkebola, @mattjay, @_0xkiwi, @_johnhammond, @aselawaid, @rsnake, @vxunderground, @gergelyorosz, @vxunderground, @vxunderground, @_johnhammond, @vxunderground, @jamesberthoty, @mattjay, @securethisnow, @banthisguy9349, @cyb3rmonk, @gergelyorosz, @talbeerysec, @tonikjdk, @drewvolpe, @ericgeller, and @feross. LinkedIn: Patrick W. Gilmore
Forums: Hacker News, r/nottheonion, r/cybersecurity, r/news, r/technology, r/france, r/programming, r/technology, r/Military, and r/DataHoarder
| CVE Foundation: |
CVE Board members launch the CVE Foundation, a dedicated, non-profit to continue identifying vulnerabilities, after the US ended its contract with Mitre — [Bremerton, Washington] - The CVE Foundation has been formally established to ensure the long-term viability, stability …
| Wall Street Journal: |
Sources: Meta offered $450M in late March to settle the FTC's antitrust case and raised its offer to ~$1B as the trial neared; the FTC had demanded $30B — The FTC wanted $30 billion to drop its case. Zuckerberg offered much less and hoped Trump would back him up.
More: Fortune, The Overspill, SiliconANGLE, Newsmax, The Verge, The Information, The Information, Political Wire, and Bloomberg
X: @jason_kint, @admcrlsn, @admcrlsn, @admcrlsn, @admcrlsn, @nicholashirst_, @matthewstoller, @imkialikethecar, @zamaan_qureshi, @matthewstoller, @terrencemcd, and @pkafka. Forums: Hacker News
| Business Insider: |
Email: Mark Zuckerberg offered to buy Snapchat for $6B in 2013; Zuckerberg testified that he thought Snapchat “wasn't growing at the potential that it could” — - Mark Zuckerberg's failed Snapchat bid resurfaced in Meta's antitrust trial. — And the Meta boss seems like he hasn't fully moved on.
More: Silicon Republic, Bloomberg, Benzinga, Malay Mail, Digit, Fresno Bee, New York Times, The Hill, The Verge, The Information, Futurism, The Wrap, and Vanity Fair
| Bloomberg: |
FTC v. Meta: in an email, Mark Zuckerberg considered spinning off Instagram in 2018 as he increasingly became concerned that its success was hurting Facebook — Mark Zuckerberg considered spinning off Instagram into a separate company in 2018 as he increasingly became concerned that the photo …
More: Reuters, Engadget, Business Insider, Washington Post, Android Headlines, Quartz, Big Tech on Trial, Reuters, Al Bawaba, CNBC, The Indian Express, Financial Express, Bloomberg Law, Observer, Financial Times, Yahoo Finance, BBC, The Verge, The Wrap, and Spyglass
Bluesky: @gateklons, @kurtwagner, @sarahfrier, and @sarahfrier
Threads: @mike_isaac and @kurtwag8
X: @alexeheath, @meghanbobrowsky, @bbenedict33, @bbenedict33, @matthewstoller, @oliversegovia, @mikeisaac, and @mikeisaac
Forums: r/NoShitSherlock and r/technology
| The Verge: |
Sources: OpenAI is in the early stages of building its own X-like social network, focused on ChatGPT image generation, and is asking some outsiders for feedback — Is Sam Altman ready to up his rivalry with Elon Musk and Mark Zuckerberg? … OpenAI is working on its own X-like social network …
More: TechCrunch, New York Magazine, Bloomberg, Digital Trends, AIN, Spyglass, Nairametrics, CNBC, SiliconANGLE, Verdict, Marcus on AI, Decrypt, Business Standard, The Indian Express, The Crypto Times, Social Media Today, iThinkDifferent, The Times, and BGR
Bluesky: @hypervisible, @carnage4life, @mantzarlis.com, @jerthorp, @ernie.tedium.co, @prietschka, @snmrrw, @lorak, @garymarcus, @caseynewton, @vortexegg.com, and @karlbode.com. Mastodon: @ben@werd.social. Threads: @the_coach_life
X: @vxunderground, @simonmxtthews, @birdyword, @banklesshq, @btibor91, @scobleizer, @katienotopoulos, @raywongy, @altryne, @krzysztof_lysy, @zacbowden, @restoreorderusa, @garymarcus, @morqon, @andrewcurran_, @bindureddy, @pitdesi, @steph_palazzolo, @jukanlosreve, @briansolis, @davewiner, @jam3scampbell, @phantom, @scottnover, @polymarket, @nickadobos, @amitisinvesting, @sirodoht, @turnernovak, @danielnewmanuv, @rihardjarc, @billym2k, @alexeheath, @amir, @kyliebytes, and @kyliebytes. LinkedIn: Alison McCauley
| Reuters: |
Figma confidentially files for a US IPO, more than a year after Adobe's $20B acquisition failed; the company was valued at $12.5B in a May 2024 tender offer — Cloud-based designer platform Figma on Tuesday confidentially filed for an initial public offering in the United States …
More: Crunchbase News, Figma, Analytics India Magazine, Fortune, Tech in Asia, SiliconANGLE, The Information, Financial Times, CNBC, and Bloomberg
X: @jaminball, @rrhoover, @bgurley, and @alexrkonrad
| Ryan Browne / CNBC: |
ASML reports Q1 net sales up 46% YoY to €7.74B, vs. €7.8B est., a €2.36B net profit, €3.94B net bookings, below €4.89B est., and warns of tariff uncertainty — Dutch semiconductor equipment giant ASML on Wednesday missed order expectations and said that uncertainty …
More: Politico, Tech Monitor, ASML, The Guardian, Fortune, Bloomberg, TechPowerUp, Euronews, CNBC, Barron's Online, Financial Times, Yahoo Finance, Bloomberg, Reuters, and Semafor
X: @mackhawk, @thetranscript_, @invesquotes, @asmlcompany, @techfund1, and @asmlcompany. Forums: r/wallstreetbets
| Abner Li / 9to5Google: |
Google plans to redirect all Search users to google.com over the coming months, saying “country-level domains are no longer necessary” — Historically, Google users around the world have visited country-specific sites like google.com.br (Brazil), google.fr (France), or google.co.uk (UK).
More: The Keyword, Silicon Republic, Business Standard, TechRadar, BetaNews, The Verge, and Search Engine Land
X: @rossstevens_uk and @lilyraynyc
| Dylan Patel / SemiAnalysis: |
A look at Huawei's AI CloudMatrix 384 rack-scale system, which is less power-efficient than Nvidia's GB200 NVL72, though this is not a limiting factor in China — Huawei is making waves with its new AI accelerator and rack scale architecture. Meet China's newest and most powerful Chinese domestic solution …
More: South China Morning Post, TechPowerUp, and Tech in Asia
X: @semianalysis_, @dylan522p, @jukanlosreve, and @hkanji
| Ben Weiss / Fortune: |
OKX relaunches in the US and unveils a new crypto wallet for users, two months after a $500M DOJ settlement over insufficient anti-money laundering processes — Seychelles-based OKX announced on Tuesday that it is relaunching the U.S. version of its crypto exchange and unveiled a new wallet …
More: OKX, OKX, CNBC, CryptoSlate, Cryptopolitan, Cointelegraph, Blockhead, CoinGape, Bitcoin Insider, crypto.news, The Block, Bloomberg, and CoinDesk
X: @wublockchain and @okx
| Emma Roth / The Verge: |
Google rolls out its text-to-video AI model Veo 2 to Gemini Advanced subscribers and makes its Whisk Animate tool available for Google One AI Premium users — A new Whisk Animate tool is coming to Google One AI Premium users, as well. … Google is letting Gemini Advanced subscribers try out Veo 2 …
More: The Keyword, Moneycontrol, Tom's Guide, Benzinga, The Decoder, TechCrunch, 9to5Google, BGR, Business Standard, Phandroid, Livemint, Campaign Middle East, Nairametrics, Chrome Unboxed, and Digital Trends
X: @sundarpichai, @googlelabs, @nearcyan, @google, @nearcyan, and @googledeepmind. Forums: r/singularity
| Reuters: |
River: China's local governments held 15,000 bitcoin worth $1.4B at the end of 2024, the world's 14th biggest holder, sparking a debate on how to handle it — China's growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose … | Jagmeet Singh / TechCrunch: |
Google says it suspended 39.2M US advertiser accounts on its platform in 2024, up over 3x from 12.7M in 2023, and took down 1.8B ads, aided by new AI tools — Google on Wednesday said it suspended 39.2 million advertiser accounts on its platform in 2024 — more than triple the number … | Kyle Wiggers / TechCrunch: |
xAI unveils Grok Studio, a canvas-like tool for its Grok chatbot that can generate and edit documents, run code like Python and JavaScript, and more — Grok, the chatbot from Elon Musk's AI company, xAI, has gained a canvas-like feature for editing and creating documents and basic apps.
More: Tom's Guide, Tech in Asia, TechIssuesToday.com, MakeUseOf, Neowin, and Blockchain.News
| Jay Peters / The Verge: |
OpenAI is adding an image library to ChatGPT to make it easier for users to access their AI-generated images, rolling out to all Free, Plus, and Pro users — The new Library is rolling out now to all Free, Plus, and Pro users. … OpenAI is adding an image library to ChatGPT to make it easier … | Mohar Chatterjee / Politico: |
Sources: the US DOD's Defense Digital Service is effectively shutting down as nearly all staff are resigning, saying they were sidelined by DOGE's efforts — Employees of a defense tech unit say they were sidelined by DOGE. “Either we die quickly or we die slowly,” says the director.| Ingrid Lunden / TechCrunch: |
Data orchestration startup Hammerspace, which counts Nvidia, Meta, Tesla, Palantir, and the DOD as clients, raised $100M, sources say at a $500M+ valuation — Artificial intelligence services at their heart are massive data plays: you need data — a lot of it — to build the models …
More: SiliconANGLE and Business Wire
| Bloomberg: |
US credit and debit card data: Shein's US sales rose 29% YoY in March and 38% YoY in April's first 11 days, while Temu rose 46% and 60%, ahead of US tariffs — Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes … | Damilare Dosunmu / Rest of World: |
Starlink, which entered Nigeria in January 2023, ranks second among pure-play ISPs with 65K+ Nigerian subscribers in Q3 2024 due to reliable, high-speed access — Elon Musk's company is set to become Nigeria's top internet service provider. — In the sprawling electronic market … | Ben Quinn / The Guardian: |
UK filing: in 2023, following Elon Musk's acquisition, X had £69.1M in UK revenue, down 66.3% YoY, and its profit fell from £5.6M to £1.2M — Social media platform formerly known as Twitter says 66.3% revenue drop was down to fall in advertising income| Anna Tong / Reuters: |
California's AG declines to join Elon Musk's lawsuit against OpenAI, saying the office did not see how Musk's action serves the state's public interest — The California attorney general's office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday …
More: The Decoder, Moneycontrol, and The Economic Times
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