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Panic Passes Trump Tariff Refunds Back to Playdate Customers

2 months 1 week ago
Panic is refunding Playdate customers the 19% tariff charges it passed along while the Trump administration's import duties were in effect, after the Supreme Court ruled the tariffs illegal and the company began receiving refunds from the government. Panic says the money "just [wasn't] ours to keep." Ars Technica reports: In an update posted on the Playdate help site this week, Panic noted that it has finally "begun to receive refunds of the tariffs we paid in the last year" and had consequently "refunded all tariffs charged to customers." In the initial version of that tariff note, Panic explained that it couldn't afford to simply "absorb" the 19 percent tariffs it was being charged to import Playdate hardware made overseas because "our margins on Playdate are low." As such, while the tax was in effect, it was passed along to customers as an explicit subtotal line item at the bottom of all Playdate orders. That's in contrast to companies like Nintendo, which vaguely cited "market conditions" and tariff "uncertainty" in raising the asking price of legacy hardware and some Switch 2 accessories last year. Speaking to Game Developer, Panic co-founder Cabel Sasser said filing paperwork to claw back these taxes and processing tariff refunds for customers took a fair bit of backend work. Still, he said returning that money to Playdate purchasers in the end was a no-brainer. "It's just not our money to keep, and it felt really good to give it back," Sasser said. "That's an easy way to know you made the right decision." "It just felt like the right thing to do," Panic wrote in a refund email message shared on Reddit.

Read more of this story at Slashdot.

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Nvidia Agrees to Acquire Hugging Face For $13 Billion

2 months 1 week ago
The Information reported on Wednesday that Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion. "Deal talks began after Hugging Face, an open-source AI platform developers use to collaborate, test and share tools, received acquisition interest from another suitor," reports CNBC, citing the (paywalled) report. Business Insider separately reported the acquisition talks. From CNBC: If completed, the acquisition would put one of the most widely used platforms for sharing and working with open-source AI models under Nvidia's ownership, expanding the chipmaker's reach further into the software and model ecosystem. Siddy Jobe, a fund manager at Eonopolis Exponential Technologies funds, said it made sense for Nvidia to target a company like Hugging Face, as Nvidia has made it clear that it is not looking to discriminate between closed and open-source models. "I think Nvidia is very much a community, a platform-based company, and in that respect, I think Hugging Face fits perfectly within that. There is this five-layer cake from Nvidia, and foundational models are one of them," Jobe told CNBC's Squawk Box Europe on Thursday. "It is clear that Nvidia wants to be integrated in the entire stack vertically, going from energy to foundational models and also to applications," he added.

Read more of this story at Slashdot.

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