Techmeme
February 24, 2025, 9:45 AM

Top News

Mark Gurman / Bloomberg:
Apple says it will spend $500B in the US over the next four years, hire 20,000 new US workers, and produce AI servers in Texas, after Tim Cook met with Trump  —  - Company to begin producing Apple Intelligence servers in Texas  — $500 billion planned to be invested in US over next four years
Wes Davis / The Verge:
Bloomberg:
TD Cowen: Microsoft cancels leases for a substantial amount of US data centers, potentially due to over-investment fears; Microsoft plans to spend $80B in 2025  —  - The company has pledged $80 billion toward computing capacity  — Wall Street is questioning AI demand over the longer-term
Davey Winder / Forbes:
Google says it plans to use QR codes for Gmail account authentication, ditching SMS to “reduce the impact of rampant, global SMS abuse”  —  It is certainly no secret that using SMS text messages for security codes used to authenticate your identity is far from ideal.
Elliptic:
An analysis of the $1.46B Bybit hack, by far the largest crypto heist of all time, ahead of Poly Network's $611M in 2021, and possibly the biggest theft ever  —  On February 21st 2025, approximately $1.46 billion in cryptoassets were stolen from Bybit, a Dubai-based exchange.
Bloomberg:
Alibaba pledges to invest more than $53B on AI infrastructure, including new data centers, over the next three years  —  - The e-commerce firm is angling to become an AI company  — Firm to invest in AI infrastructure such as data centers … The internet company co-founded by Jack Ma plans …
Mark Gurman / Bloomberg:
Sources: Apple aims to eventually meld the modem into the main processor on its devices but likely no sooner than 2028; the M4 MacBook Air may launch in March  —  Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e.  In doing so, it all but abandoned the budget smartphone market.
Tanaya Macheel / CNBC:
Robinhood says it received a letter from the SEC stating the agency is dropping its investigation into Robinhood Crypto, a sign of regulatory change under Trump  —  The Securities and Exchange Commission is dropping its investigation into Robinhood's crypto arm, the company revealed Monday.
Bert Hubert's writings:
As the Trump administration neuters the PCLOB and reviews the EO behind the EU-US Data Privacy Framework, the EU should stop moving to US clouds  —  We used to think that grieving went through five stages: denial, protest, bargaining, depression, and acceptance.

Sponsor Posts

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GitHub Universe 2026: Highlights from the developer's developer conference  —  Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
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Featured Podcasts

The Upstarts Podcast:
The Accidental YC Founder Solving AI's GPU Crisis | SF Compute's Evan Conrad
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
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Cheeky Pint:
Why Sam Altman is against a single superintelligence
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
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Great Chat:
The case for AI optimism
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Sources:
Tobi Lütke on the AI agent revolution and future of Shopify
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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Big Technology Podcast:
This AI Expert Argues We're Underestimating AI's Productivity Impact — With Ethan Mollick
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Inside Anthropic's IPO + How AI agents spy on your messages
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
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More News

Financial Times:

Earlier Picks

Julie Jargon / Wall Street Journal:
Sean Hollister / The Verge: