Tech Meme

Wall Street Journal: X’s merger with xAI caps its yearslong turnaround push; sources say X’s revenue fell to $2.6B in 2024, down from $3B in 2023 and about $4.6B in 2022  —  xAI merger capped social-media company’s yearslong turnaround push  —  A crowd of investors gathered at Morgan Stanley’s New York office … Lees verder op Tech Meme

Ilya Gridneff / Financial Times: Docs: Canadian telecom Bell is lobbying to block Starlink subsidies, as Canada-US tensions and Musk’s Trump ties put his satellite business under more scrutiny  —  Rival telecoms group Bell is lobbying for the Musk-owned group to be excluded for financial support for Far North region Lees verder op Tech Meme

Will Canny / CoinDesk: Ripple agrees to acquire prime brokerage Hidden Road for $1.25B; Hidden Road plans to use Ripple’s RLUSD stablecoin as collateral across its platform  —  Among other things, the deal is expected to strengthen Ripple’s stablecoin ambitions.  —  What to know: Lees verder op Tech Meme

Moneycontrol: Pune, India-based online payments firm Easebuzz raised a $30M Series A led by Bessemer, says revenue grew 2x+ YoY to ~$78M in FY 2025 while staying profitable  —  The company’s revenue doubled to Rs 650 crore in FY25, up from Rs 294 crore in the previous fiscal, while maintaining profitability Lees verder op Tech Meme

David Prosser / Forbes: London-based NexGen Cloud, which offers a GPU-as-a-service cloud for clients that need flexible access to train AI, raised a $45M Series A at a $354M valuation  —  As the artificial intelligence (AI) boom has swept round the world over the past two years, the space has largely been dominated by US technology businesses. Lees verder op Tech Meme

Cameron Emanuel-Burns / FinTech Futures: Munich-based Hawk, which offers AI-powered anti-money laundering services, raised a $56M Series C led by One Peak and says it has 80+ customers worldwide  —  The Series C round builds on Hawk’s $17 million Series B in 2023, which was extended twice the following year. Lees verder op Tech Meme

Allison Schiff / AdExchanger: Snap releases sponsored AI lenses, a new generative AI ad format that users can interact with and is powered by One Snap, its homegrown generative AI tech  —  The creative on Snapchat has evolved a lot since those puking rainbow filters.  —  On Tuesday, Snap released sponsored AI lenses … Lees verder op Tech Meme

Karen Freifeld / Reuters: Sources: TSMC could face a $1B+ penalty to settle a US Commerce Department export control investigation over a chip it made that is in Huawei’s Ascend 910B chip  —  Taiwan Semiconductor Manufacturing (2330.TW) could face a penalty of $1 billion or more to settle a U.S. export control investigation … Lees verder op Tech Meme

Elisabeth Buchwald / CNN: The White House says that tariffs on China are set to rise to 104% at 12:01am ET on April 9 after China missed Trump’s deadline to remove its reciprocal tariffs  —  President Donald Trump is set to impose an astounding 104% in levies across all Chinese imports on Wednesday … Lees verder op Tech Meme

Antonio G. Di Benedetto / The Verge: Razer pauses direct sales of its upcoming Blade 16 and other laptops in the US as new tariffs loom, leaving only skins and accessories available for purchase  —  With tariffs set to kick in tonight, Razer’s new Blade 16 and other laptops are no longer available to purchase directly. Lees verder op Tech Meme