Welcome back to your daily memorandum talking tech, business, AI, markets, and more. 🗞️

In today’s edition we are tackling the following:

⚖️ Nintendo sues the U.S. government for a refund on tariffs.
🤖 Tech giants say Anthropic tools will remain available for non-defense work.
🛒 Unexpected rise of unemployment shake confidence in U.S. labor market.
🏛️ NYSE pays $9M fine to SEC over trading glitch that disrupted market.
🌍 Russia reportedly gave Iran intelligence that could help target U.S. forces.

TECHNOLOGY

• Nintendo sues the U.S. government for a refund on tariffs (TechCrunch)
  ^{_{More: Bloomberg, IGN, Yahoo!}}

  • Nintendo sued the United States Government seeking refunds for tariffs imposed under International Emergency Economic Powers Act orders.

  • A Supreme Court of the United States ruling said Donald Trump exceeded authority, as companies seek refunds from over $200B collected tariffs.

  • The lawsuit joins more than 1,000 firms challenging tariffs while 24 states contest Trump’s later increase from 10% to 15%.

• Grammarly accused of using real identities without consent in AI reviews (The Verge)
  ^{_{More: Tech Buzz, Decrypt, Yahoo!}}

  • Grammarly used real journalists’ names in AI “expert review” feature without permission, investigation by The Verge revealed.

  • Feature launched in August 2025 generates feedback “inspired by” experts, including some deceased academics.

  • Incident raises legal concerns about consent, identity rights, and regulation of enterprise AI tools.

• Tech giants say Anthropic tools will remain available for non-defense work (TechCrunch)
  ^{_{More: CNBC, The Hill, Yahoo!}}

  • Microsoft and Google confirmed customers can continue using Anthropic Claude despite Pentagon supply-chain risk designation.

  • The Defense Department labeled Anthropic a supply-chain risk after it refused unrestricted military AI access.

  • Anthropic plans to challenge the designation in court while cloud partners maintain model availability.

• LLM Feature Integration with Real APIs*

  Building LLM-powered features means handling real APIs, real users, and real edge cases. You need engineers who can do the glue work that makes AI actually usable—Python, JavaScript, and everything in between.

  • Full-stack LLM integration

  • Production-ready implementation

  • 40–60% cost savings

BUSINESS

• Unexpected rise of unemployment shake confidence in U.S. labor market (Reuters)
  ^{_{More: AOL, Yahoo!, Times}}

  • U.S. economy lost 92,000 jobs in February as unemployment rate climbed to 4.4%.

  • Decline reflected broad-based weakness, strikes, winter storms, and payback after strong January gains.

  • Labor report raises concerns about Federal Reserve policy amid oil-driven inflation and market volatility.

• NYSE pays $9M fine to SEC over trading glitch that disrupted market (Bloomberg)
  ^{_{More: Reuters, Yahoo!}}

  • NYSE agreed to pay $9M to settle SEC charges over a 2023 trading system glitch.

  • Error caused trading disruptions, halted stocks, and triggered thousands of busted trades during market open.

  • Exchange acknowledged procedural failures and enhanced systems after compensating firms for losses.

• Trump administration’s FDA vaccine chief resigns again amid controversy over regulatory decisions (WSJ)
  ^{_{More: AOL, The Guardian, AP}}

  • FDA vaccine chief Dr. Vinay Prasad is leaving again after controversies over vaccine and drug reviews.

  • Commissioner announced departure; Prasad returns to his academic role at UCSF after prior reinstatement.

  • Exit follows disputes with biotech firms and criticism over agency reversals on drug approvals and trials.

MARKETS

WORLD

• Russia reportedly gave Iran intelligence that could help target U.S. forces (AP)
  ^{_{More: PBS, Yahoo!, Economic Times}}

  • Russia allegedly shared intelligence with Iran that could help target U.S. military assets.

  • Israeli airstrikes hit Beirut and Tehran as Iran launched retaliatory attacks across the region.

  • Rising casualties reported across Iran, Lebanon, and Israel amid escalating Middle East conflict.

• WhatsApp will allow rival AI chatbots in Brazil after regulatory ruling (Reuters)
  ^{_{More: WSJ, TechCrunch}}

  • Meta will allow rival AI chatbots on WhatsApp in Brazil through paid access to its business API.

  • Administrative Council for Economic Defense ruled banning third-party chatbots could harm competition in Brazil’s messaging market.

  • Meta will charge $0.0625 per non-template message starting March 11 where regulations require access.

• India PC shipments hit record as first-time pandemic buyers upgrade devices (TechCrunch)
  ^{_{More: Tech Buzz, Yahoo!, FindArticles}}

  • India’s PC shipments rose 10.2% in 2025 to 15.9M units, surpassing pandemic-era peaks.

  • Demand driven by first-time buyers upgrading devices purchased during COVID-19 lockdowns.

  • Growing digitization, startups, and expansion into smaller cities boosted India’s PC market growth.

FUTURISM

• U.S. agency to host self-driving safety forum with major robotaxi CEOs (Reuters)
  ^{_{More: AOL, Investing.com}}

  • NHTSA will host a national forum with Waymo, Zoox, and Aurora CEOs to discuss autonomous vehicle safety.

  • The Trump administration seeks to accelerate robotaxi deployment while addressing regulatory hurdles and potential safety risks.

  • Investigations continue into robotaxi incidents, with Congress debating legislation to ease autonomous vehicle testing and deployment.

• AI shows a gender gap as women express greater skepticism than men (CNBC)
  ^{_{More: Tech Buzz}}

  • Survey finds men view AI as valuable assistant more than women across workplaces.

  • Majority of men embrace AI benefits, while fewer women strongly agree with its value.

  • Half of women feel AI use resembles cheating, reflecting higher skepticism compared to men.

• Marvell Tech shares soar on bullish multi-year AI chip outlook (Reuters)
  ^{_{More: Yahoo!, Economic Times}}

  • Marvell Technology surged after strong AI forecasts boosted investor confidence and market valuation.

  • The company raised long-term revenue guidance as demand for custom AI chips and infrastructure expands rapidly.

  • Analysts expect continued growth in data centers driven by custom ASICs and high-speed interconnect demand from cloud giants.

CONTENT

• Mike Cannon-Brookes discusses whether this is software’s biggest shift this decade (a16z)

  • Mike Cannon-Brookes explains how SaaS companies face varying AI-driven risks amid recent market selloffs.

  • He highlights the shift from managing records to focusing on business processes and workflows.

  • The discussion emphasizes building user trust in AI agents within enterprise software environments.

• Steve Eisman shares his views on the market’s two biggest long-term risks (The Prof G Pod)

  • Steve Eisman discusses major long-term market risks and why current valuations may ignore them.

  • He explains how AI, private credit, deficits, and political instability could reshape investment strategies.

  • Eisman reflects on past predictions, market signals, and lessons from “The Big Short.”

• Raphael Schaad reviews user sites to improve tool use and avoid mistakes (Y Combinator)

  • No-code tools grow popular, but common design pitfalls create cluttered and overstyled websites.

  • Raphael Schaad and Aaron Epstein review user sites to improve usability and design quality.

  • They analyze examples like Nunu.ai and others to highlight practical improvements and best practices.

EXTRAS

• Life EV acquires Rad Power Bikes assets after bankruptcy for $13.2M (TechCrunch)
  ^{_{More: Tech Buzz, Yahoo!, Engadget}}

  • Life EV acquired Rad Power Bikes’ intellectual property, inventory, and key assets for $13.2M.

  • Rad Power filed Chapter 11 bankruptcy after financial struggles despite raising nearly $330M venture capital.

  • Life EV plans to continue U.S. retail operations and support warranties, gift cards, and customers.

• Zealand stock drops 35% after weak drug results, CEO defends trial focus (CNBC)
  ^{_{More: MSN, Reuters}}

  • Zealand Pharma shares plunged after trial results showed lower-than-expected weight loss outcomes.

  • CEO says drug shows strong real-world potential despite trial not targeting maximum weight reduction.

  • Company aims to differentiate by focusing on sustained weight maintenance with minimal side effects.

• Anthropic’s Claude found 22 vulnerabilities in Firefox over two weeks (TechCrunch)
  ^{_{More: Axios, MEXC, Binance}}

  • Anthropic discovered 22 Firefox vulnerabilities using Claude Opus 4.6, including 14 classified as high-severity.

  • Most security flaws were patched in Firefox 148, with remaining fixes expected in upcoming release.

  • AI proved stronger at identifying vulnerabilities than building exploits, despite $4K spent testing attacks.

AND MORE

• Cluely CEO Roy Lee admits to publicly lying about revenue numbers last year.

• China turns to AI as jobseeker numbers exceed Belgium’s entire population.

• Use a second smartphone to reduce distractions while using your main phone.

• Your brand deserves to be in front of people who actually make decisions. That’s Memo’s audience.*

• These are the countries moving to ban social media for children.

• Former Twitter executives say Musk’s spam concerns caused confusion internally.

• Focus Features’ AI documentary overhypes, offering access but lacking thoughtful insight.