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1. OpenAI Developing New Social Network Project

OpenAI is reportedly working on a social network described as 'X-like' in nature. An internal prototype focuses on ChatGPT's image generation and features a social feed. CEO Sam Altman has sought feedback from outsiders, although it remains unclear if the platform will be a separate app or integrated into ChatGPT. The project is still in early development and may serve as a competitive move against Meta and Elon Musk's X (formerly Twitter). OpenAI currently has limited experience with shareable content, and there is no official name for the platform yet.

More details: Slashdot, Latest from TechRadar in Computing, Tech News

2. Meta's Antitrust Trial: Key Facts and Developments

Meta is currently facing an antitrust lawsuit initiated by the FTC, alleging anti-competitive practices since December 2020. The case has been ongoing for over four years, with a Federal Court Judge initially dismissing it in June 2021. In 2022, the FTC filed a more detailed complaint. Meta's opening statement, which included comparisons of its messaging services to Apple's iMessage, was made public with poorly executed redactions. CEO Mark Zuckerberg has testified for about nine hours in the trial, which includes claims that Meta acquired Instagram and WhatsApp to stifle competition.

More details: AppleInsider News, Tech – The Verge, Tech – The Verge

3. Impact of Tariffs on Companies and Trade in 2025

Johnson & Johnson is facing $400 million in additional costs due to tariffs, despite reporting a revenue of $21.89 billion and a profit of $11 billion in the first quarter of 2025. Similarly, Blackmagic Design is raising prices in the US and has encountered complications in building a new factory in Dallas, Texas, also due to tariffs. On a broader scale, South Korea's tech exports surged by 24% in March 2025 compared to February, with exports to the USA increasing by 19.4% during the same period.

More details: Tech News, The Register - On-Prem, Tech – The Verge

4. Recent Funding Rounds for EdTech and Tech Startups

Centa, an Indian teacher upskilling firm, raised $2.3 million in a Series A1 funding round led by Colossa Ventures, with participation from Discovery Assets and angel investors. The funds will be used to develop new products for teachers in India and beyond. In another development, IUNU secured $20 million in a Series B extension funding round led by S2G Investments, focusing on AI and machine vision for greenhouse efficiency. Additionally, Seattle startup Friday Harbor raised $6 million in a seed round to support mortgage lenders, with 16 enterprise customers already using its software.