Cate Lawrence / Tech.eu:
Rotterdam-based Gradyent, which lets energy providers optimize their systems by creating digital twins of heating and cooling grids, raised a €28M Series B — Energy providers can use Gradyent’s tech to optimise performance, reduce CO₂ emissions by up to 10%, lower operational costs …
Hideki Suzuki / Bloomberg:
Sources: Sumitomo Mitsui Banking Corp. is in talks with Fujitsu to help the bank’s biggest customers make key decisions using AI-inferred demand predictions — Sumitomo Mitsui Banking Corp. is tapping Fujitsu Ltd.’s artificial intelligence models to bolster its advisory services …
Financial Times:
Samsung has turned to Chinese customers like Baidu to prop up its ailing chip business; SemiAnalysis says Samsung is the “biggest supplier of HBM into China” — Deals with Chinese tech giant Baidu come as South Korean giant loses ground in US and navigates Washington’s curbs
The Information:
Sources: Google is in advanced talks to rent Nvidia Blackwell AI chips from CoreWeave, highlighting how major Nvidia customers are struggling to get chips — Google is in advanced talks to rent state-of-the-art Nvidia Blackwell chips for running artificial intelligence from CoreWeave …
Bloomberg:
The US announces a new 34% “reciprocal” tariff rate on almost all products imported from China, going into effect from April 9, 2025 — The US has hit China with the biggest-ever tariff hike on almost all Chinese products, bringing total levies to at least 54% …
Lucas Ropek / Gizmodo:
Key parts of the US Social Security site have crashed in the past week, as phone support is reduced; report: SSA’s site was down four times in 10 days in March — Elon Musk’s organization has been monkeying with America’s retirement system, with no positive results so far.
Spencer Soper / Bloomberg:
The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces — De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free …
Tripp Mickle / New York Times:
Apple shares drop 7%+ after hours following Trump’s announcement that the US will impose tariffs of 46% on Vietnam, 26% on India, and an additional 34% on China — The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.
Kif Leswing / CNBC:
Tech stocks fall in late trading after Trump announced new tariffs: Amazon drops as much as ~6%, Meta ~5%, Nvidia ~5%, Alphabet ~3%, and Microsoft ~3% — Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced new tariffs …
Bloomberg:
Source: Scale AI generated ~$870M in revenue in 2024, with its annualized run rate reaching $1.5B by the end of the year, and expects $2B in revenue in 2025 — Startup generated revenue of about $870 million last year. — Scale AI, a startup that helps companies develop artificial …
