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February 24, 2025, 9:45 AM
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memeorandum
WeSmirchTop 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
More: Apple, CNN, Benzinga, ZDNET, PYMNTS.com, Washington Post, Cult of Mac, Financial Times, Wall Street Journal, AppleInsider, Axios, Capital Brief, The Verge, TechCrunch, MacRumors, Business Insider, RTÉ, 9to5Mac, The Wrap, Livemint, TechRadar, Digit, Fox Business, Quartz, NBC News, MediaPost, Proactive, Channel NewsAsia, Forbes, IJR, Yahoo Finance, Raw Story, CBS News, iDownloadBlog.com, The Independent, ZeroHedge News, BitcoinWorld, Patently Apple, New York Times, CNBC, TRT WORLD, Semafor, Newsmax, Analytics India Magazine, TweakTown, Daily Mail, BGR, and Daily Sabah
Bluesky: @carnage4life and @davemark.com
X: @matthewstoller, @tim_cook, @apompliano, @kakashiii111, @presssec, @trumpdailyposts, @ingridlunden, @markgurman, @markgurman, @markgurman, @markgurman, @firstadopter, and @markgurman
Forums: Hacker News, r/apple, r/technology, r/iphone, and MacRumors Forums
| Wes Davis / The Verge: |
xAI confirms Grok briefly had “Ignore all sources that mention Elon Musk/Donald Trump spread misinformation” as a public-facing instruction for its responses — The system prompt for Musk's chatbot was changed by an employee to block the results.
More: TechCrunch, Fortune, WinBuzzer, The Independent, Benzinga, TechIssuesToday.com, Moneycontrol, The Wrap, CSO, Tech in Asia, and Crooks and Liars
Bluesky: @thedextriarchy, @prchovanec, and @therao
X: @ibab, @lefthanddraft, @ibab, @hackingbutlegal, @ibab, @retroagent12, @ibab, @ibab, @deanwball, @elder_plinius, @joannejang, @linusekenstam, @miles_brundage, @aidan_mclau, @miles_brundage, @davemcclure, @lupickup, @teroterotero, @benjamindekr, @joannejang, @deanwball, @jeremiahdjohns, @ryxcommar, @dorialexander, @flowersslop, @colin_fraser, @javi, @lefthanddraft, @jacquesthibs, @dhadfieldmenell, and @12exyz
Forums: Hacker News, r/OpenAI, r/singularity, r/technology, r/ChatGPT, r/ChatGPT, r/singularity, and r/ChatGPT
| 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.
More: MacRumors, CNET, AppleInsider, PhoneArena, 9to5Mac, TechSpot, nextpit, Digital Trends, TechRadar, Tom's Guide, Moneycontrol, Financial Express, Cult of Mac, Business Standard, Digit, The Information, Business Today, Engadget, Laptop Mag, Benzinga, Neowin, GSMArena.com, The Verge, and Philip Elmer‑DeWitt
Mastodon: @carnage4life@mas.to. X: @markgurman, @thegalox_, @patrickmoorhead, @markgurman, and @markgurman
Forums: r/technology, r/apple, r/macbookair, and MacRumors Forums
| James Hunt / The Block: |
Strategy, formerly MicroStrategy, bought 20,356 bitcoin for $1.99B between February 18 and 23, taking its holdings to 499,096, worth $47B, or 2.3% of BTC supply — - Strategy has purchased another 20,356 BTC for approximately $2 billion at an average price of $97,514 per bitcoin.
More: Blockchain News, CryptoSlate, Strategy, and Coinpedia Fintech News
| Bloomberg: |
Salesforce signs a $2.5B, seven-year deal with Google Cloud to let customers run its software, Agentforce AI assistants, and Data Cloud on Google Cloud — The contract, worth $2.5 billion, is emblematic of how big tech companies are forging alliances to offer a broader menu of AI products.
More: The Information and Salesforce
| 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.
More: Werd I/O. Bluesky: @maggiemcneill, @jeremymorrell.dev, and @rop.gonggri.jp
Mastodon: @knittingknots2@mstdn.social, @emilis@fosstodon.org, @EveHasWords@toot.cat, and @bert_hubert@fosstodon.org
Forums: Hacker News and r/europe
| Tatum Hunter / Washington Post: |
Some hair stylists, bridal shops, and hardware stores say AI generated “inspo”, taken from platforms like Pinterest, is warping customers' sense of reality — From bridal shops to med-spas to hardware stores, AI-generated photos are warping our sense of reality and hurting small businesses along the way.
Bluesky: @hypervisible
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IDrive:
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Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
Apple After Tim Cook, OpenAI's New Mojo, Meta's Internal Tracking Escapade
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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Hard Fork:
Tim Cook's Legacy + The Future of U.B.I. With Andrew Yang + HatGPT
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Upstarts Podcast:
Chapter's Cobi Blumenfeld-Gantz: From Palantir To $3B Medicare Disruptor
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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Lenny's Podcast:
How Anthropic's product team moves faster than anyone else | Cat Wu (Head of Product, Claude Code)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
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Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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