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Intel unveils a new slogan, "That's the power of Intel Inside", building on its Intel Inside campaign in 1991; its current marketing focuses on the Core series (Anton Shilov/Tom's Hardware)

Sources: Ireland's DPC will fine TikTok '500M+ before the end of April for illegally shipping European users' data to China, after a lengthy investigation (Samuel Stolton/Bloomberg)

Plaid raised $575M at a $6.1B valuation, below its peak $13B+ valuation in 2021, mostly to cover employees' tax bills for those converting RSUs to common stock (Financial Times)

Sources: Microsoft has halted talks for, or delayed development of, data center projects in Indonesia, the UK, Australia, Illinois, North Dakota, and Wisconsin (Bloomberg)

PDD-owned Pinduoduo says it plans to allocate ~$13B over the next three years to support its merchants, following other Chinese e-commerce companies (Tracy Qu/Wall Street Journal)

President Trump's tariffs are set to disrupt the Bitcoin mining sector, with many of the largest miners based in the US and the supply chain rooted in Asia (Ryan Weeks/Bloomberg)

Spotify rolls out new ad tools, including an AI tool in the US and Canada to generate scripts and voiceovers, and pitches itself to advertisers as "nutritional" (Jessica Testa/New York Times)

Q&A with Christopher Bishop on leading Microsoft's AI for Science lab, why scientific discovery will be AI's single most important application, and more (Madhumita Murgia/Financial Times)

Cyberhaven, whose AI-powered tech lets companies detect when employees use internal data in an unauthorized manner, raised a $100M Series D at a $1B+ valuation (Maria Deutscher/SiliconANGLE)

Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund (Matt Levine/Bloomberg)

Rotterdam-based Gradyent, which lets energy providers optimize their systems by creating digital twins of heating and cooling grids, raised a '28M Series B (Cate Lawrence/Tech.eu)

AttoTude, which offers THz interconnect tech for AI and hyperscale data centers, raised a $50M Series B, after a $30M Series A and $11M seed in 2024 (FinSMEs)

Adaptive Security, which uses AI for simulating cyberthreats, raised $43M co-led by OpenAI and a16z, marking OpenAI's first investment in a cybersecurity firm (Laya Neelakandan/CNBC)

Netscout: DDoS attacks rose from 13M+ in 2023 to ~17M in 2024, becoming a staple of geopolitical conflict as new tech like AI supercharges their power (Ryan Gallagher/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 (Hideki Suzuki/Bloomberg)

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" (Financial Times)

Sources: Google is in advanced talks to rent Nvidia Blackwell AI chips from CoreWeave, highlighting how major Nvidia customers are struggling to get chips (The Information)

US announces a 34% "reciprocal" tariff hike on China, going into effect from April 9; economists: average US tariffs on Chinese products may get as high as 65% (Bloomberg)

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 (Lucas Ropek/Gizmodo)

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 (Spencer Soper/Bloomberg)

Apple shares drop 7%+ after hours after President Trump announced new tariffs, including 46% on Vietnam and 26% on India, where Apple has been moving production (Tripp Mickle/New York Times)

Tech stocks fall in late trading after President Trump announced new tariffs: Amazon drops as much as ~6%, Meta ~5%, Nvidia ~6%, Alphabet ~3%, and Microsoft ~3% (Kif Leswing/CNBC)

Source: Scale AI generated ~$870M in 2024 revenue, with its annualized run rate reaching $1.5B by the end of 2024, and expects to generate $2B in 2025 revenue (Bloomberg)

Google unveils a NotebookLM "Discover sources" feature, which searches the web and recommends up to 10 sources for users to add to their notebooks (Abner Li/9to5Google)

Amazon plans to launch the first 27 satellites for its Project Kuiper internet network on April 9, after launching two prototype satellites in 2023 (Joey Roulette/Reuters)

Europol says German and Dutch authorities shut down Kidflix, a CSAM streaming platform with 1.8M+ users between April 2022 and March 2025, on March 11 (Sergiu Gatlan/BleepingComputer)

Siemens agrees to acquire Boston-based R&D scientific software company Dotmatics from Insight Partners for $5.1B, and expects the deal to close in H1 2026 (Bloomberg)

Source: President Trump plans to announce TikTok America, a company that is ~50% owned by US investors and 19.9% by ByteDance, which would license the algorithm (Kaya Yurieff/The Information)

Sources: Zuckerberg is lobbying Trump for a settlement that would prevent Meta from facing an antitrust trial later this month; he visited the White House today (Wall Street Journal)

Automattic lays off 16% of staff, CEO Matt Mullenweg says to become "more agile and responsive"; Automattic website listed 1,744 employees ahead of the layoffs (Sarah Perez/TechCrunch)

Sources: AppLovin has made a bid for TikTok and talked to casino magnate Steve Wynn about backing it (Wall Street Journal)

Adobe updates Premiere Pro with AI-powered features like Generative Extend, which lets users extend clips by two seconds with 4K quality and background audio (Jess Weatherbed/The Verge)

Sources: Justin Sun bailed out Techteryx's TrueUSD after $456M in reserves, managed by First Digital, became illiquid; Techteryx says it was a victim of fraud (Sam Reynolds/CoinDesk)

FDUSD stablecoin depegged 9% after Justin Sun raised concerns over Hong Kong-based First Digital Trust's solvency; Binance alone holds ~$2.2B worth of FDUSD (Daniel Kuhn/The Block)

Anthropic debuts a Claude for Education tier for colleges, with Learning Mode, where it asks questions to test understanding, shares templates for papers, more (Maxwell Zeff/TechCrunch)

Trump pardoned BitMEX owner HDR Global Trading, which had pleaded guilty and was fined $100M for money laundering, possibly the first US pardon of a corporation (Matt Sledge/The Intercept)

Google replaces Sissie Hsiao, leader of its consumer AI apps, including Gemini, with Josh Woodward, who leads Google Labs and oversaw NotebookLM's launch (Reed Albergotti/Semafor)

Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline (New York Times)

A profile of Larry Ellison, now 80 years old with a $175B fortune, as Oracle bids for TikTok US and he puts up most of his son David's $8B bid to buy Paramount (New York Times)

Nintendo says Switch 2 preorder buyers will need 50+ hours of original Switch gameplay, an anti-scalper mechanism (Emma Roth/The Verge)

Sources: President Trump told his inner circle, including Cabinet members, that Elon Musk will step back in the coming weeks; Trump remains pleased with DOGE (Rachael Bade/Politico)

A sworn Irish affidavit: Keith O'Brien, who allegedly spied for Deel while working at Rippling, says Deel paid him and he coordinated with Deel CEO Alex Bouaziz (Eric Newcomer/Newcomer)

Sources: ByteDance, Alibaba, Tencent, and other Chinese companies placed $16B+ in orders for Nvidia's H20 chips in Q1 2025, ahead of a potential US sales ban (Qianer Liu/The Information)

Nintendo says the Switch 2 will cost $450 for the console or $500 for a Mario Kart World bundle on its June 5 launch; preorders in North America open on April 9 (The Verge)

Nintendo unveils the Switch 2 Camera, a camera accessory with a stand, designed to sit next to a TV for video chats, launching on June 5 alongside the Switch 2 (The Verge)

Nintendo says it will add GameCube games to the library of titles playable on the Switch 2, including a Legend of Zelda game from 2002 (Dean Takahashi/VentureBeat)

Nintendo says its new Joy-Con controllers have a C button for GameChat, which uses Switch 2's built-in mic, and the Switch 2 uses new microSD Express cards (Nathan Ingraham/Engadget)

Nintendo unveils GameShare, which will enable local multiplayer on multiple Switch consoles with just one copy of a title, set to launch alongside the Switch 2 (Daniel Cooper/Engadget)

Nintendo unveils Switch 2 details: a 7.9", 120fps, 1080p display, larger Joy-Con controllers, 256GB of storage, 4K games at 60fps when docked, launching June 5 (Jay Peters/The Verge)

Patreon says it now has 6.7M+ paid podcast subscriptions, generating $472M+ in 2024 revenue, up 35% YoY, and signs podcasting deals with Sony Music and Wondery (Ashley Carman/Bloomberg)

A livestream of Nintendo's Switch 2 event (Nintendo of America on YouTube)

UFC signs a wide-ranging, multimillion-dollar, multiple-year sponsorship deal with Meta, which will be its "official fan technology partner" (Alex Sherman/CNBC)

Roblox rolls out new parental controls, including letting parents block and report specific people on their child's friends list, building on changes from 2024 (Jay Peters/The Verge)

Documents: the NLRB froze Janneke Parrish and Cher Scarlett's cases against Apple pending a review after Trump nominated an Apple attorney as general counsel (Michael Acton/Financial Times)

X users are asking Grok to fact check other users by tagging @grok, often on political or historical topics, as a new passive aggressive way to dunk on others (Katie Notopoulos/Business Insider)

In a March 28 brief, X asked SCOTUS to shield user data from US law enforcement without "probable cause", in Coinbase user James Harper's long-running case (Financial Times)

Elon Musk's X and xAI all-stock merger broke Wall Street's usual rules, with the same advisers, Morgan Stanley and Sullivan & Cromwell, working on both sides (Wall Street Journal)

In its first post-IPO earnings, Raspberry Pi reports FY 2024 revenue down 2% YoY to $259.5M, pre-tax profit down 57% YoY to $16.3M, and 1.9M Pi 5 units sold (Financial Times)

Indian investment bank The Rainmaker Group says 36+ Indian tech startups like Flipkart and PhonePe with a combined $100B valuation are set to go public by 2027 (Sankalp Phartiyal/Bloomberg)

The Wikimedia Foundation says base bandwidth demand for downloading Wikimedia Commons multimedia content is up 50% since January 2024, driven by AI crawlers (Wikimedia)

Seattle-based Gable, which develops enterprise data coordination tech, raised a $20M Series A led by Crane Venture Partners, taking its total funding to $27M (Taylor Soper/GeekWire)

Researchers detail a new AI-powered Probability of Fire model, which they say could outperform the conventional danger forecasts used by wildfire trackers (Clive Cookson/Financial Times)

UMC, Taiwan's second-largest chipmaker, opened a $5B plant in Singapore featuring 22nm and 28nm manufacturing technology; mass production won't start until 2026 (Cheng Ting-Fang/Nikkei Asia)

Qualcomm says it is weighing an acquisition offer for Alphawave, which has a market cap of ~$1.3B and makes high-speed semiconductor and connectivity technology (Amy Thomson/Bloomberg)

Sources: Arm decided not to pursue a deal after recently seeking to acquire Alphawave, a UK-listed supplier of semiconductor IP that is exploring a sale (Reuters)

Qualcomm acquires the generative AI division of Vietnamese startup VinAI, following the acquisition of German AI and IoT company Edge Impulse in early March (Kyle Wiggers/TechCrunch)

Bybit shutters its NFT marketplace, following a similar decision by NFT marketplace X2Y2; Token Terminal: daily NFT trading volume has dropped 70% YoY to $5.34M (Adrian Zmudzinski/Cointelegraph)

In a new paper, Tim O'Reilly and other researchers say OpenAI likely trained GPT-4o on paywalled books from O'Reilly Media without a licensing agreement (Kyle Wiggers/TechCrunch)

Chef Robotics, which develops AI-powered robotic meal assembly systems, raised a $20.6M Series A led by Avataar Ventures, and an additional $22.5M in debt (CJ Haddad/CNBC)

Sources: AI coding startup Replit is in talks with investors to raise about $200M at a $3B valuation, almost triple its last valuation (Bloomberg)

Google researchers say DPRK's IT workers are fraudulently securing positions at companies in Germany, Portugal, and the UK, after facing sanctions in the US (Sergiu Gatlan/BleepingComputer)

Microsoft says it used its AI-powered Security Copilot to discover previously unknown vulnerabilities in the GRUB2, U-Boot, and Barebox open-source bootloaders (Bill Toulas/BleepingComputer)

Leaked renders of the Google Pixel 10 Pro Fold show a design similar to its predecessor's; sources: it will feature a TSMC-made Tensor G5 chip and 16GB of RAM (Alexander Maxham/Android Headlines)

Sources: Finland-based IQM, which builds full-stack superconducting quantum computers, is in talks to raise '200M+; IQM raised a '128M Series A2 in July 2022 (Yazhou Sun/Bloomberg)

YouTube suspends two major fake movie trailer channels from its partner program, after a report on how the AI-heavy trailers generated millions in ad revenue (Jake Kanter/Deadline)

Circle files for a US IPO, with plans to list on the NYSE under CRCL; Circle, which issues the USDC stablecoin, is reportedly seeking a $4B to $5B valuation (CNBC)

CoreWeave's stock closed up 41.77% at $52.57 in its third trading day, bouncing back above its $40 IPO price and bringing the company's market cap to ~$24.89B (Samantha Subin/CNBC)

Sources: WH national security adviser Michael Waltz and other National Security Council members have conducted government affairs over personal Gmail accounts (John Hudson/Washington Post)

Sources: Visa offered Apple ~$100M to become the Apple Card's payment network; Amex is also competing while Mastercard is trying to keep its role as the network (AnnaMaria Andriotis/Wall Street Journal)

Mozilla says it's developing Thundermail, an email service with a privacy focus set to get a web client, as part of an upcoming paid Thunderbird Pro service (Jason Evangelho/Forbes)

Business Headlines Today
[Thu-03-Apr-2025]

$5bn Africa Energy Bank takes shape as Nigeria, others make capital contributions - Daily Trust

10 Crucial Lessons That Will Elevate Your Business Success in 2025 and Beyond - Entrepreneur

10 shipping firms to access $360m vessel acquisition fund - Daily Trust

15-year-old autistic Nigerian sets new world record for largest painting on canvas - BusinessDay

300 NIMASA cadets sail on our vessels, says NMSL - Punch

Addressing SMEs Cash Flow Challenges with FinTech Solutions - Thisday

Adelabu, Oyebanji, others to receive energy awards in Lagos - Punch

Africa Energy Bank misses March take-off target - Punch

Africa urged to explore Trumps second term for energy independence - Punch

African startups record lower inflow, raise $50m in March - Guardian

Again African Alliance Insurance Annuitants Decry Non Payment Of Benefits For Nine Months - Daily Independent

Air Algeria begins direct flight to Nigeria - Guardian

Air Algerie begins flight to Nigeria April 6 - Daily Trust

Airtel, MTN Network Sharing Deal To Boost Earnings, Telecom Ecosystem - Daily Independent

Amazon Just Submitted a Bid to Buy TikTok, as AppLovin and Other Tech Companies Make Offers Before the Looming Deadline - Entrepreneur

Amazon, OnlyFans founder join race to acquire TikTok as April 5 deadline nears - Nairametrics

AMCON-managed Arik Air airlifts 2.2m passengers, operates 10,699 flights ' NCAA - BusinessDay

App targets 1m Jobs in gas, food industry - Daily Trust

Aradel oil production nears 14,000 barrels/day Report - Punch

Are there any business winners in Trump 2 - The Economist

Arik Air airlifted 2.2m passengers in 2024 NCAA report - Punch

Arik Air flew 2.2m passengers, operated 10,699 flights in 2024 Report - The Sun

Balancing business and economic realities: The MultiChoice price debate in perspective - BusinessDay

Bearish start to Q2 as stock market cap sheds N90bn - Punch

Billionaire Bezos Amazon makes eleventh-hour bid for TikTok - Nairametrics

Bitcoin dips to $82,000 amid global trade tensions triggered by Trump tariffs - Nairametrics

BREAKING: Trump imposes 14% tariff on Nigerias export to the United States of America - Nairametrics

Britain's budget watchdog has ruffled feathers in Westminster - The Economist

Britain's plan to smash people-smuggling gangs has a big problem - The Economist

BUA Foods shareholders get N13 dividend - Punch

Burkina Fasos new duty threatens Nigerias export market SEREC - The Sun

Business risks you may be overlooking - Punch

BusinessDay 03 Apr 2025 - BusinessDay

Can Nigeria's leadership rise to save its future - BusinessDay

Can the world's free-traders withstand Trump's attack - The Economist

CBN denies fake circular introducing N5,000 and N10,000 notes - Nairametrics

CBN refutes new N5,000, N10,000 banknotes report - Punch

Chamber to women: engage in legitimate cross-border trade - The Nation

China threatens countermeasures as Trumps tariffs escalate trade tensions - Nairametrics

Coleman Wires raises alarm over product adulteration - Daily Trust

Court jails another convicted airline passenger for 3 months over non-declaration of $30,000 in Lagos - Nairametrics

Dangote Cement, BUA defy FX crisis, grow valuation by 164% in five years - Guardian

Dangote Polypropylene Production To Revive Textile Industry, Save Nigeria $267 Million ' MAN - Daily Independent

Digital footprints: What does privacy mean in the age of AI - BusinessDay

Donald Trump digs deep to revive American mining - The Economist

e-Commerce Business In Nigeria: Fast Growing, But We Are Not There Yet - Daily Independent

E-FRAUD AND DIGITAL BANKING SECURITY - Thisday

Ecoflow Launches RIVER 3 Max Plus, Partners TD To Tackle Nigeria's Power Needs - Daily Independent

Economic Advisory: Concerns Grow Over FG's Aggressive Revenue Drive For Abuja Infrastructure - Daily Independent

Egbin Power unveils learning academy - Punch

Elon Musks Neuralink begins global recruitment for research on brain implants - Nairametrics

Empowering Local Communities through CSR - Thisday

EU prepares retaliatory tariffs as Trumps trade policies spark global economic concerns - Nairametrics

FCTA To Allocate Space For Foodstuffs, Cattle Traders In Dei-Dei Market - Daily Independent

FG lauds Caverton Helicopters - Punch

FG orders immediate reopening of Independence Bridge - BusinessDay

FG reiterates commitment to maritime workers welfare - Punch

FG reopens Lagos Independence Bridge ahead of schedule, opts for palliative fixes - Nairametrics

FG Unveils 'Renewed Hope Cultural Project' To Boost Nigeria's Arts, Culture, Tourism - Daily Independent