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

In today’s edition we are tackling the following:

💻 Nvidia to launch cheaper Blackwell AI chip for China after US export curbs.
🚁 Three new DJI drones may soon launch according to DroneXL.
🌎 OpenAI to open office in Seoul amid growing demand for ChatGPT.
📦 WiseTech accelerates strategy with $2.1 billion move for e2open.
📨 Malaysia’s Anwar writes to Trump seeking summit with Southeast Asia.

TECHNOLOGY

• Nvidia to launch cheaper Blackwell AI chip for China after US export curbs

  • Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model.

  • The GPU or graphics processing unit will be part of Nvidia's latest generation Blackwell-architecture AI processors.

  • It is expected to be priced between $6,500 and $8,000, well below the $10,000-$12,000 the H20 sold for.

• Three new DJI drones may soon launch according to DroneXL

  •  DJI seems to be preparing three new drones for release in the coming months: a Mini 5 Pro, Avata 3, and a Neo 2.

  • The Mini 5 Pro may offer longer range and battery life, with a possible September launch.

  • DJI also appears to be developing a modular Osmo Nano action cam, plus new Mic 3 and Osmo 360.

• OpenAI to open office in Seoul amid growing demand for ChatGPT

  • OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service.

  • South Korea has the largest number of paying ChatGPT subscribers after the United States, according to OpenAI.

  • OpenAI has also begun hiring staff to support partnerships with the country and expects to announce further details on this.

BUSINESS

• WiseTech accelerates strategy with $2.1 billion move for e2open

  • Logistics-software provider WiseTech WTC 5.44%

    increase; green up pointing triangle.

  • Global agreed to buy U.S.-listed e2open in a US$2.1B deal that the Australian company’s co-founder said will accelerate its development.

  • WiseTech, which services more than 16,500 logistics providers, has long said it aims to be the operating system for global goods trade.

• Businesses are finding a workaround for tariffs and it’s entirely legal

  • Businesses are finding a workaround to minimize the most significant hit from U.S. tariffs.

  • The ‘first sale rule’ is a concept in U.S. customs law that allows importers to use the lowest cost of a good to calculate duties.

  • “It’s been around for a very long time but ... everybody’s beginning to explore it with more interest,” lawyer Brian Gleicher told CNBC.

• Angry Elon is back and that’s good news for Tesla

  • Elon Musk’s anger may fuel renewed focus on Tesla’s driverless car pivot and innovation.

  • Despite setbacks and criticism, Musk promises Tesla’s autonomous vehicle rollout starting by June.

  • Investors hope ‘Angry Elon’ means renewed execution to regain Tesla’s growth and market lead.

WORLD

• Malaysia’s Anwar writes to Trump seeking summit with Southeast Asia

  • Asean urged to assert independence and seek new trade partners amid US tariff threats and global slowdown.

  • Internal disunity weakens Asean's leverage as key economies pursue bilateral deals with the United States.

  • Anwar pushes for Myanmar ceasefire progress, but admits limited hopes for resolving deep-rooted conflict soon.

• Venezuela ruling party keeps control of legislature amid opposition division

  • Venezuela's ruling socialist party held its significant majority in the National Assembly in a Sunday election, winning nearly 83%.

  • Some of the country's major opposition leaders called for voters to abstain in protest of the official results of the July 2024 election.

  • Sunday's legislative results will keep the ruling party in control of the attorney general's office and the top court.

• Taiwan to hold referendum on restarting its recently closed nuclear reactor

  • Taiwan will hold an August referendum on restarting its last nuclear power plant, Maanshan.

  • Pro-nuclear opposition supports the vote amid rising energy security and chipmaker power demands.

  • Safety reviews may delay restarts, with a 3½-year process required before resuming operations.

CONTENT

• Growth tactics from OpenAI and Stripe with Krithika Shankarraman

  • Krithika Shankarraman, former marketing leader at OpenAI, Stripe, and Retool, shares her approach to building high-impact marketing.

  • With a background as an engineer-turned-marketer, she blends deep analytical thinking with strong brand strategy.

  • In this episode, she explains why most playbooks fail, how to prioritize the right marketing levers, and craft messaging that converts.

• How to design better AI apps with Pete Koomen

  • In this episode of The Breakdown, YC partners Tom, Dave, and Pete Koomen explore a new vision for AI.

  • They discuss editable system prompts, the power of user-customized agents, and why future AI products must feel more like collaborators.

  • Drawing from Pete’s essay “AI Horseless Carriages,” they argue that the winning products won’t mimic old workflows.

• Sovereign AI: Why nations are building their own models

  • In this episode of the a16z Podcast, Anjney Midha and Guido Appenzeller discuss the rise of sovereign AI.

  • They also discussed the idea that AI is no longer just infrastructure, but a matter of national identity and geopolitical power.

  • They explore why countries are racing to build local “AI factories,” how foundation models serve as tools of soft power.

FUTURISM

• World’s first humanoid robot boxing match kicks off in China, showcasing tech prowess

  • The world’s first humanoid robot fighting tournament, Mecha Fighting Series, featuring robots with advanced combat skills developed.

  • The event marks a milestone in integrating AI into combat sports, with both autonomous demonstrations and human-controlled matches.

  • All participating battlebots were built using domestically developed Chinese technologies, showcasing the country's robotics capabilities.

• Why Intempus thinks robots should have a human physiological state

  • Intempus is building tech to retrofit existing robots with human-like emotional expressions to help humans better interact.

  • Giving these robots human-like reactions will also produce data that can be used to better train AI models.

  • These robots will show expression through kinetic movements, Warner told TechCrunch.

• Hong Kong surgical robot start-up Cornerstone eyes funds to take on da Vinci

  • Cornerstone Robotics, which competes with rival products such as the da Vinci Surgical System, aims to raise more than US$70 million.

  • Since its founding in 2019, the firm had a deliberate strategy to localise parts production, said founder and CEO Samuel Au Kwok-wai.

  • The objective predates the Covid-19 pandemic’s supply chain problems and the US-China trade war, he said.

EXTRAS

• The oldest Fire TV devices will soon lose Netflix support entirely

  • Netflix will stop supporting first-generation Fire TV devices starting June 3rd in the US.

  • Affected devices include original Fire TV, Fire TV Stick, and Fire TV Stick with Voice Remote.

  • Users may get discounts on newer Fire TV Sticks; Netflix cites inability to update app features.

• Tesla opened cybertruck trade-ins but depreciation rates are surprisingly steep

  • Tesla now allows Cybertruck trade-ins, but owners face steep depreciation losses up to 45%.

  • Two owners reported 37-38% value drops after months, showing heavy trade-in depreciation impact.

  • Tesla’s initial resale ban likely aimed to curb scalping and delay backlash from quality issues.

• Android Auto will get Spotify Jam and support for video apps and web browsers

  • Android Auto is getting more than just Google’s Gemini assistant after the Google I/O developer conference.

  • The company has also announced changes coming to the infotainment operating system, including an updated Spotify app.

  • Google says it’s adding support for Quick Share to cars with Google built-in soon, letting users do things like add stops to in-progress.

AND MORE

• Oracle to buy $40 billion of Nvidia chips for OpenAI's US data center.

• Should everyone be taking Ozempic? Doctors say more people could benefit.

• Xiaomi’s new EV to ‘significantly erode’ Tesla Model Y’s China market share

• Playbookz turns your LinkedIn presence into a revenue machine.*

• Shares in China-listed Apple suppliers fall after Trump's tariff threats.

• Tariffs are challenging the cachet of luxury goods from Europe

• Get compliant with Delve and celebrate with AirPods Pro on us.*

• The Nintendo Switch 2 sure seems to work just fine with a USB mouse.