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February 24, 2025, 11:10 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, New York Times, PCMag, Thurrott, Axios, MacRumors, Computerworld, Fierce Electronics, Benzinga, ZDNET, PYMNTS.com, Reuters, Washington Post, Financial Times, Cult of Mac, Wall Street Journal, AppleInsider, The Verge, TechCrunch, Capital Brief, Times of India, The Hill, TheStreet, Financial Express, BBC, InformationWeek, RedState, KHOU-TV, Forbes, Business Insider, Blockchain.News, The Wrap, Livemint, TechRadar, Semafor, TechSpot, Digit, The National Pulse, Quartz, Türkiye Today, Euronews, NBC News, MediaPost, Sharecast, IJR, Proactive, Fox Business, Raw Story, Channel NewsAsia, 9to5Mac, Washington Times, The Independent, ZeroHedge News, CBS News, BitcoinWorld, Scripps News, Patently Apple, Newsmax, TRT WORLD, CNBC, Yahoo Finance, MacDailyNews, Daily Mail, TweakTown, ABC7, BGR, and Analytics India Magazine
Bluesky: @carnage4life and @davemark.com
X: @patrickmoorhead, @trumpdailyposts, @matthewstoller, @markgurman, @tim_cook, @apompliano, @ingridlunden, @markgurman, @presssec, @markgurman, @kakashiii111, @markgurman, @markgurman, and @firstadopter
Forums: Hacker News, r/technology, r/iphone, r/apple, and MacRumors Forums
| 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.
More: The Information, TechCrunch, Fortune, Techreport, Don't Worry About the Vase, VentureBeat, WinBuzzer, Moneycontrol, The Independent, Benzinga, TechIssuesToday.com, The Wrap, CSO, Tech in Asia, and Crooks and Liars
Bluesky: @thedextriarchy, @prchovanec, and @therao
X: @ibab, @lefthanddraft, @ibab, @ibab, @hackingbutlegal, @javi, @benjamindekr, @deanwball, @elder_plinius, @retroagent12, @linusekenstam, @aidan_mclau, @joannejang, @jeremiahdjohns, @dorialexander, @ibab, @ibab, @deanwball, @joannejang, @miles_brundage, @miles_brundage, @davemcclure, @lupickup, @teroterotero, @ryxcommar, @flowersslop, @colin_fraser, @lefthanddraft, @jacquesthibs, @dhadfieldmenell, and @12exyz
Forums: r/OpenAI, r/politics, r/singularity, r/technology, r/ChatGPT, r/ChatGPT, r/ChatGPT, and r/singularity
| 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.
More: Robinhood Newsroom, DL News, CoinDesk, The Block, Decrypt, Barron's Online, Benzinga, Wall Street Journal, Fortune, Yahoo Finance, Associated Press, Blockchain.News, Insurance Journal, Cryptopolitan, Bloomberg, Watcher Guru, crypto.news, Coinpedia Fintech News, CoinJournal, CryptoSlate, CoinGape, and Reuters. X: @eleanorterrett
| 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, @bert_hubert@fosstodon.org, @emilis@fosstodon.org, and @EveHasWords@toot.cat
Forums: Hacker News and r/europe
| 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 … | 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
| 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, Seeking Alpha, and Salesforce
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