4/7/25

Alibaba is down more than 10% after Trump threatens additional 50% tariffs on China

Today President Donald Trump threatened to impose additional 50% tariffs on China on top of last week’s reciprocal tariffs, after Beijing said it would respond to the US’s 34% reciprocal tariffs in kind.

An escalating trade war with the US is bad news on multiple fronts for Chinese e-commerce and internet company Alibaba, which was already reeling from the end of the de minimis exemption. Tariffs can reduce overseas demand for its e-commerce goods, eat into advertising revenue, and drive up the cost of tech.

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Nate Becker

12h

After Nvidia deal, the US government has made a roughly $4.5 billion paper profit on its Intel stake in less than a month

The government has returned roughly 51% on the investment since announcing it August 22.

Nvidia CEO Jensen Huang shakes hands with US President Donald Trump

Watch: Meta virtual reality conference bloopers

Meta Connect was tough to watch.

Rani Molla13h

Congress Considers Bill To Force Sale Of TikTok

By some measures, TikTok has grown bigger than Facebook or Instagram in the US

Oracle’s potential TikTok takeover is a big deal to US competitors like Meta and Snap.

Rani Molla9/17/25

Jon Keegan

9/17/25

Nvidia, Microsoft, OpenAI, CoreWeave pledge $42 billion investment in UK AI projects during Trump’s visit

Nvidia, Microsoft, and CoreWeave announced pledges to invest tens of billions to build out the UK’s AI infrastructure.

Coinciding with President Trump’s visit to the UK, the companies announced new data centers, hundreds of thousands of Nvidia Blackwell GPUs, and support for the UK’s sovereign AI programs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

Trump Lands in UK With Flurry of Pledges From Microsoft, Open AI

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Rani Molla

9/17/25

Amazon launches AI chatbot to help create and distribute ads and ad agency investors don’t care

Amazon has launched a “creative partner” AI chatbot to help small businesses create ads and distribute them. The tool, currently in beta, helps users create the ads themselves, including video, with text prompts and then can place them across Amazon’s ad inventory, including outside websites and platforms Amazon has deals with, including Netflix.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Amazon Aims to Grow Ad Sales Further by Automating Creation

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

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