| Maxwell Zeff / TechCrunch: |
Stanford and University of Washington AI researchers claim they trained AI reasoning model s1, distilled from a Gemini 2.0 model, for under $50 in cloud compute — AI researchers at Stanford and the University of Washington were able to train an AI “reasoning” model for under $50 in cloud compute credits … | Miles Kruppa / Wall Street Journal: |
Email: Google eliminates its goal of hiring more employees from historically underrepresented groups and is reviewing some DEI programs after Donald Trump's EOs — Search giant is eliminating goals to hire more minority employees and reviewing DEI programs, part of a pullback across Silicon Valley| Emma Roth / The Verge: |
OpenAI opens ChatGPT search to users who are not logged in, after launching it to paying subscribers in October 2024 and logged-in users in December 2024 — OpenAI is making its AI search engine more accessible. — OpenAI is making its AI search engine more accessible.| Stephen Nellis / Reuters: |
Qualcomm CEO Cristiano Amon says Arm has withdrawn its October 2024 breach notice against Qualcomm and Arm no longer plans to end its Qualcomm license agreement — Qualcomm's (QCOM.O) Chief Executive Officer Cristiano Amon on Wednesday said Arm Holdings (O9Ty.F) has withdrawn a threat … | Max A. Cherney / Reuters: |
Arm reports Q3 revenue up 19% YoY to $983M, vs. $946.7M est., royalty revenue up 23% YoY to $580M, and lowers is FY revenue guidance; ARM drops 5%+ — Chip tech provider Arm Holdings (O9Ty.F), said on Wednesday it will no longer meet the top end of its previous full-year guidance … | Cecilia D'Anastasio / Bloomberg: |
Roblox reports Q4 revenue up 32% to $988.2M, bookings up 21% YoY to $1.36B, below est., DAUs up 19% YoY to 85.3M, below 88.4M est.; RBLX falls 20%+ pre-market — The number of daily active users rose to 85.3 million in the three months ended Dec. 31, versus Wall Street forecasts for 88.4 million.| Greg Bensinger / Reuters: |
Amazon announces an Alexa-focused event on February 26 in New York; sources say the company will preview its long-delayed Alexa generative AI revamp — Amazon (AMZN.O) is set to release its long-awaited - and delayed - Alexa generative artificial intelligence voice service … | Wall Street Journal: |
Sources: OpenAI is expected to air its first TV ad during Super Bowl LIX; MediaRadar says AI companies spent $332M on ads in 2024, over double their 2023 spend — The TV spot marks the artificial-intelligence company's biggest foray into consumer advertising to date| Bill Toulas / BleepingComputer: |
Kaspersky researchers found apps in Google's Play Store and Apple's App Store that use OCR to steal crypto wallet recovery phrases from images on users' devices — Android and iOS apps on the Google Play Store and Apple App Store contain a malicious software development kit (SDK) … | Politico: |
The Senate Commerce Committee approves the Kids Off Social Media Act to ban under-13s from social media, clearing the way for consideration by the full Senate — The Senate Commerce Committee approved legislation Wednesday to ban children under 13 from social media.| Henry Stockdale / UploadVR: |
Interviews with nearly two dozen VR studios on shipping games on Quest, Meta's increased focus on Horizon Worlds, concerns over declining game sales, and more — With concerns about declining sales and discoverability, UploadVR spoke with nearly two dozen VR studios to discuss the state of VR development for Quest.| Brent Crane / Bloomberg: |
A profile of Joseph Firmage, who founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity-machine” investors — Joseph Firmage helped create today's digital economy. These days, he's being sued by antigravity-machine investors … | Anton Shilov / Tom's Hardware: |
In Q4 2024, AMD's data center business outsold Intel for the first time, with $3.86B in revenue, up 69% YoY, to Intel's $3.4B, but analysts expected more sales — But sales of Instinct GPUs disappoint. — AMD on Tuesday announced its financial results for the fourth quarter of 2024 and for the whole year.| Bloomberg: |
Sources: Andy Jassy's campaign to flatten Amazon's middle management raises fears among staff of lean years and fewer promotions, as old career paths dry up — Campaign to restructure workforce is capitalizing on a moment when return-to-office policies are more common and the technology job market is cooling off.| Laura Dubois / Financial Times: |
Documents: EU prosecutors are probing how Atos' Moscow office helped build the EU's border system, which will establish the EU's largest personal info database — Investigation examines how French IT group Atos used Moscow office for sensitive European computer project| Jagmeet Singh / TechCrunch: |
TrueFoundry, which helps enterprises deploy AI systems at scale, raised $19M led by Intel Capital, taking its total funding to $21M, and claims 30 customers — TrueFoundry, a startup run by a group of former Meta engineers to help enterprises deploy AI systems at scale, has raised $19 million in fresh investment led by Intel Capital.| Casey Hall / Reuters: |
Trump's de minimis cancellation is likely to hit Shein harder than online dollar-store Temu, which has shifted to an Amazon-like bulk overseas shipment strategy — The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder … | Bill Toulas / BleepingComputer: |
Spanish police arrest a hacker for allegedly conducting 40 cyberattacks on critical public and private organizations, seizing 50 crypto accounts, PCs, and more — The Spanish police have arrested a suspected hacker in Alicante for allegedly conducting 40 cyberattacks targeting critical public … | Kate Clark / Bloomberg: |
SEC filing: Sequoia's evergreen fund has grown to $19.6B, up from $13.6B in early 2023, a signal that the firm continues to grow despite a VC funding slowdown — The fund's total includes new cash commitments, shares of now-public companies that Sequoia previously backed and cash returns from mergers and acquisitions.| Kate King / Wall Street Journal: |
Amazon has shrunk its Amazon Go store portfolio by ~50% since early 2023 to 16 stores in four US states, as its efforts to compete in physical retail falter — The e-commerce giant is closing more of its convenience stores; 'I don't think they really understand retail,' a consultant says| Wall Street Journal: |
Sources: banks sold $5.5B in debt that X borrowed, at $0.97 on the dollar, after strong investor demand; they had planned to sell ~$3B at ~$0.95 on the dollar — X CEO tells investors that the financial health of social-media company is improving — Elon Musk's power in Washington …
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| Suhasini Srinivasaragavan / Silicon Republic: |
| MacKenzie Sigalos / CNBC: |
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| 404 Media: |
| Mark Gurman / Bloomberg: |
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| Jason Shubnell / The Block: |
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| Jess Weatherbed / The Verge: |