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<!--[if !gte mso 9]><!----><span class="mcnPreview Text" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">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 tra</span><!--<![endif]-->
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<td class="page_date" style="vertical-align:middle;text-align:right;color:#004860;font-weight:700;padding-right:10px">Fri, Apr 25</td>
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top news
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=6d39b5e136&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
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<span class="excerpt">FT Exclusive: Tech giant plans to shift assembly as soon as next year in response to Donald Trump's trade war</span>
<span class="cite">(Financial Times)</span>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=631d555603&e=06cea4a9e4" style="text-decoration: none;color: black;">@spencerhakimian:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=04b30e2296&e=06cea4a9e4" style="text-decoration: none;color: black;">Wells looks like none of those jobs are coming to the U.S. [image]</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7cebc929ba&e=06cea4a9e4" style="text-decoration: none;color: black;">@kyleichan:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f5252a4b80&e=06cea4a9e4" style="text-decoration: none;color: black;">Apple plans to make all of its US market iPhones in India by end of 2026. I've talked about a possible bifurcated supply chain: one for the US market and one for the rest of the world. Apple is an interesting test case. Meanwhile, China is holding back iPhone equipment to India [image]</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2eb1fb2f4b&e=06cea4a9e4" style="text-decoration: none;color: black;">@m_c_klein:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d86c994109&e=06cea4a9e4" style="text-decoration: none;color: black;">People are excited about the headline announcement, but this seems more important: “iPhone assembly is the last step in the production process, bringing together hundreds of components for which Apple is still heavily reliant on Chinese suppliers.” </a>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="big_story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=006380b222&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: China has quietly exempted from tariffs at least eight classifications of US-made microchips, as it seeks to exempt “irreplaceable” goods</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Washington Post</span>)</span>
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<span class="excerpt">Levies on certain U.S.-made microchips have been dropped, importers say.</span>
<span class="cite">(Washington Post)</span>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=262c878d0c&e=06cea4a9e4" style="text-decoration: none;color: black;">@varadmehta:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2179d1c916&e=06cea4a9e4" style="text-decoration: none;color: black;">I'm so old I can remember when China was insisting Trump had to roll back his tariffs first. You know, twelve hours ago.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=bdfd6cea9d&e=06cea4a9e4" style="text-decoration: none;color: black;">@rwang07:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=61b8c92e97&e=06cea4a9e4" style="text-decoration: none;color: black;">...So how might the new “chip exemption” impact the industry? First, it would benefit Chinese firms that import U.S.-made chips or final goods containing U.S. semiconductors. This is especially relevant in light of the new “IC origin” rules announced by China's Semiconductor Industry Association two weeks ago</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=17dce6784a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">State of AI: Adoption, Challenges and Recommendations</a></span>
<span class="excerpt" style="color: black;font-size: 16px;"> — Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.</span>
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<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a06456bc4b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">The Chinese startup behind Manus AI secured a round of financing led … </span>
<span class="cite">(Bloomberg)</span>
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<tr><td style="padding:5px 10px 3px;">
<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=94a76d7dfb&e=06cea4a9e4" style="text-decoration: none;color: black;">@zebulgar:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e5fceb03b1&e=06cea4a9e4" style="text-decoration: none;color: black;">Wow Benchmark now has two things in common with the CCP 1 - They both like to fire founders (Jack Ma/ Travis K) 2 - They both like to fund the demise of the West by enabling CCP AI The legacy of Bill Gurley lives on!</a>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1371827de9&e=06cea4a9e4" style="text-decoration: none;color: black;">@pitdesi:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c8d05d2a4f&e=06cea4a9e4" style="text-decoration: none;color: black;">Manus is based in Beijing. Wonder how you underwrite that risk. Perhaps why Gurley has been talking about how we should be friendly with Chinese AI companies... It has been useless for me the few weeks- wait times are insane, get some GPUs guys! (but not in China!) [image]</a>
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</td></tr>
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<table class="clustered_items" style="border-collapse: collapse;">
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<ul style="padding:0px 10px 0px 0px;">
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1024825041&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Butterfly Effect, the Chinese startup behind Manus, has discussed setting up a new HQ outside China, and separating its domestic and global businesses</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Juro Osawa / </span><span class="pub_name">The Information</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=dd6361082e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4ad6f54538&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tom Warren / </span><span class="pub_name">The Verge</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1d3f9a4d06&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Newcomer</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4911b0b3d6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">YouTube is testing a new AI Overviews carousel in its search results for queries focused on products and location information, for some US Premium subscribers</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Danny Goodwin / </span><span class="pub_name">Search Engine Land</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=003807f589&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Leaked letter: interim DC attorney Ed Martin accused Wikipedia of allowing foreign manipulation and propaganda, threatening its tax-exempt status</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Gabe Kaminsky / </span><span class="pub_name">The Free Press</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=52dd99989c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Deel sues Rippling for alleged defamation, libel, and deceptive trade practices, says Rippling placed an insider within Deel, is not tax compliant, and more</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Dan Primack / </span><span class="pub_name">Axios</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=563fb3c62f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: Alphabet's Q1 profit was boosted by $8B in unrealized gains from an investment in SpaceX; Alphabet has been a major SpaceX investor since at least 2015</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Davey Alba / </span><span class="pub_name">Bloomberg</span>)</span>
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</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=812aa551b9&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Netflix rolls out subtitles with just spoken dialog, without audio cues or speaker names, and says ~50% of US viewing hours happen with subtitles or captions on</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Emma Roth / </span><span class="pub_name">The Verge</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=41447a9674&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Brody Ford / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
artificial intelligence
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=9cd3658748&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Kyle Wiggers / </span><span class="pub_name">TechCrunch</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=938837ce88&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Baidu rolls out Ernie 4.5 Turbo and X1 Turbo, new versions of its flagship foundation and reasoning models, as it looks to take on Alibaba's Qwen and DeepSeek</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
<table class="clustered_items" style="border-collapse: collapse;">
<tr><td style="padding:0px 10px 0 32px;">
<ul style="padding:0px 10px 0px 0px;">
<li class="sub_item" style="margin:10px 0 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=92a46c4dd0&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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”</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Eleanor Olcott / </span><span class="pub_name">Financial Times</span>)</span>
</li>
</ul>
</td></tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=577d663e44&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Hayden Field / </span><span class="pub_name">CNBC</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=423358e979&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Adobe says Firefly users can now generate images using OpenAI's GPT, Google's Imagen 3 and Veo 2, and Flux 1.1 Pro, in addition to its own Firefly image models</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Stephen Nellis / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0669621fbd&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b2a8044717&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=36176ab054&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Brazil's AI-based social security app, launched in 2018, has cut bureaucracy in some cases but wrongly rejected hundreds of vulnerable people over minor errors</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Gabriel Daros / </span><span class="pub_name">Rest of World</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
cryptocurrency
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0cb6e40a67&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The US SEC Chairman says the agency has ample authority to oversee digital assets as Congress debates if SEC or the CFTC should be the primary crypto regulator</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Lydia Beyoud / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=4acfca15d4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Swiss National Bank says cryptocurrencies failed to meet its currency reserve standards, as a referendum campaign seeks to require SNB to hold bitcoin reserves</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">John Revill / </span><span class="pub_name">Reuters</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
e-commerce
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=a599fdb3eb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Temu and Shein raise prices ahead of de minimis tariff exemption expiring on May 2 and urged customers to make purchases prior to April 25 to avoid 120% tariffs</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">CNN</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
<tr>
<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f3cafca10e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Charlotte Yang / </span><span class="pub_name">Bloomberg</span>)</span>
</td>
</tr>
</table>
</div>
</div>
<div class="section" style="margin-top: 12px;">
<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
funding deals
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=8bfb9c6172&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Leo Schwartz / </span><span class="pub_name">Fortune</span>)</span>
</td>
</tr>
</table>
</div>
<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<td style="padding:5px 10px 0;">
<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0e39cbdd14&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Allie Garfinkle / </span><span class="pub_name">Fortune</span>)</span>
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</tr>
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<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
more news
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e7175a61de&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Chris Welch / </span><span class="pub_name">The Verge</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
<table class="leading_item" style="border-collapse: collapse;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c9820ea3bc&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Carmen Arroyo / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=027bdcc2df&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: the US is conducting a criminal antitrust probe into TP-Link's pricing strategies and whether the router maker represents a national security threat</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=24b63f3bf4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sources: Tencent Music is in advanced talks to buy Chinese podcasting startup Ximalaya in a $2.4B deal</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5695b8a49a&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Toshiba Europe researchers say they used quantum key distribution cryptography to send messages over a 250km German commercial telecommunications network</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Michael Peel / </span><span class="pub_name">Financial Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=20e151fc4b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Three European scientific funding agencies have put research programs with China on hold since 2021 due to concerns over the country's Data Security Law</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Andrew Silver / </span><span class="pub_name">Reuters</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=df2e9bf406&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">CB Insights: fintech startups globally raised a combined $10.3B in Q1, the highest since Q1 2023; 19 US fintech startups have raised over $50M in 2025 so far</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Mary Ann Azevedo / </span><span class="pub_name">TechCrunch</span>)</span>
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