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Techmeme
February 24, 2025, 11:10 AM
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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
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
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.
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 …
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.
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.
Financial Times:
Prosus plans to buy Just Eat Takeaway for €20.30 per share, a 22% premium over its three-month high, in an all-cash deal valuing the delivery company at €4B+  —  Deal marks end to tumultuous few years for European food delivery group  —  Just Eat Takeaway is set to be acquired …

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This is a Techmeme archive page. It shows how the site appeared at 11:10 AM ET, February 24, 2025.

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From Mediagazer

Todd Spangler / Variety:
FCC Chairman Brendan Carr says ABC's decision to not carry Trump's July 16 speech about elections live will be part of its review for ABC-owned station licenses

Samuel Stolton / Bloomberg:
The European Commission grants conditional approval for Paramount's WBD acquisition as long as Paramount ends its EU distribution deal with Universal Pictures

Dade Hayes / Deadline:
TelevisaUnivision reports Q2 revenue up 10% to $1.3B due to FIFA rights in Mexico, US ad revenue down 29% to $323.3M, subscription and licensing up 40% to $621M

More News

Earlier Picks

Anthony Ha / TechCrunch:
Google prices Veo 2, its new AI video model, at $0.50 per second of generated video; in December 2024, OpenAI offered Sora to its ChatGPT Plus and Pro subs
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
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