Techmeme
February 24, 2025, 1:10 PM

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
More: Apple, Ars Technica, New York Times, Axios, MacRumors, MacRumors, Tom's Hardware, New York Post, AppleInsider, Entrepreneur, Dallas Morning News, Thurrott, Cult of Mac, Computerworld, Fierce Electronics, Wall Street Journal, ZDNET, Reuters, Benzinga, PYMNTS.com, Financial Times, Associated Press, Washington Post, Deadline, Voice of America, Spyglass, Bisnow, Neowin, Newser, PCMag, gulftoday, The Gateway Pundit, Times of India, The Hill, Raleigh News & Observer, Manufacturing.net, Financial Express, BBC, Maginative, The Daily Caller, InformationWeek, Washington Examiner, Quartz, TechSpot, Circuits Assembly …, RedState, The Verge, KHOU-TV, Forbes, Livemint, Semafor, CBS News, TechRadar, The Wrap, Blockchain.News, Digit, Euronews, NBC News, MediaPost, Proactive, The National Pulse, Washington Times, Channel NewsAsia, Türkiye Today, Yahoo Finance, Capital Brief, Sharecast, New York Times, CNBC, TechCrunch, TweakTown, ABC7, IJR, The Independent, ZeroHedge News, 9to5Mac, BGR, Raw Story, Business Insider, TRT WORLD, BitcoinWorld, Analytics India Magazine, Patently Apple, Scripps News, Daily Mail, Fox Business, Newsmax, and iPhone in Canada Blog
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.
Wes Davis / The Verge:
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.
Brian Krebs / Krebs on Security:
The Trump admin has fired 130+ staff at CISA, replaced staff refusing DOGE access to networks, appointed a DOD CISO whose clearance was suspended in 2021, more  —  One month into his second term, President Trump's actions to shrink the government through mass layoffs, firings …
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.
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.
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 …
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.

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Financial Times:
Anthony Ha / TechCrunch: