New York Times:
The US House opens a probe on whether Nvidia knowingly provided AI tech to DeepSeek in violation of US rules and asks Nvidia for details on its Asian customers — China’s success in artificial intelligence has the Trump administration and lawmakers weighing rules and investigations to slow Beijing’s progress in the industry.
Samantha Subin / CNBC:
Tech stocks plunge amid uncertainty over US tariff plans and China export controls: AMD, Nvidia, and ASML dropped 7%, Applied Materials and Lam Research fell 5% — Technology stocks dropped Wednesday, led by a 7% plunge in Nvidia, as the chipmaking sector signaled that President Donald …
Eileen Guo / MIT Technology Review:
US Secretary of State Marco Rubio confirms the elimination of R/FIMI, an office aimed at tracking and countering foreign disinformation campaigns — The only office within the US State Department that monitors foreign disinformation is to be eliminated, according to US Secretary of State Marco Rubio …
Wall Street Journal:
Former CISA Director Chris Krebs says he is resigning from SentinelOne to more freely challenge the White House, after Trump directed the DOJ to investigate him — Chris Krebs, the top cybersecurity official in Trump’s first term, resigned from his private-sector job
Financial Times:
Sensor Tower: Temu and Shein cut their ad spending on platforms including Meta and X an average of 31% and 19%, respectively, so far in April, compared to March — Chinese retailers’ retreat threatens Big Tech advertising revenues — Chinese ecommerce giants Temu and Shein have slashed …
Jagmeet Singh / TechCrunch:
Indian EV ride-hailing startup BluSmart appears to have suspended service a day after regulators launched a probe into Gensol, which shares its co-founders — BluSmart, India’s all-electric cab-hailing startup that was once seen as an emerging rival to Uber, appears to have suspended service …
Bloomberg:
Source: OpenAI is in talks to acquire Windsurf, an AI coding tool formerly known as Codeium, for ~$3B; Windsurf was valued at $1.25B in a 2024 funding deal — OpenAI is in talks to acquire Windsurf, an artificial intelligence-assisted coding tool formerly known as Codeium, for about $3 billion …
Fatima Hussein / Associated Press:
Sources: the Trump administration plans to eliminate the IRS’ free Direct File tax program, after IRS staff were told in mid-March to stop working on it — The Trump administration plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free …
Dan Shipper / Every:
OpenAI o3 review: it’s “deep research-lite”, giving thorough answers quickly, free from some old ChatGPT limitations, and powerful thanks to ChatGPT integration — The highest praise I can give is that I’m already using it all the time … o3 zoomed in correctly on the tiny arrow logo …
Financial Times:
Sources: Intel told its Chinese clients last week that sales of some AI chips would require a license; Nvidia was blindsided by Trump’s curbs on its H20 chips — US chipmaker reveals $5.5bn impairment, while full hit to China revenues could surpass $10bn — Nvidia has been caught by surprise …
