Techmeme
February 23, 2026, 8:35 PM

Top News

Wall Street Journal:
Anthropic says DeepSeek, MiniMax, and Moonshot violated its ToS by prompting Claude a combined 16M+ times and using distillation to train their own products  —  The allegations mirror those of OpenAI, which told House lawmakers that DeepSeek used ‘distillation’ to improve models
Citrini Research:
Imagining an AI-driven “2028 Global Intelligence Crisis”: as white-collar layoffs grow, the human-centric consumer economy withers and the social fabric frays  —  A Thought Exercise in Financial History, from the Future  —  Preface  —  What if our AI bullishness continues to be right …
More: Wall Street Journal, CNBC, Gizmodo, Forbes, Reuters, MarketWatch, Bloomberg, Business Insider, Implicator.ai, Benzinga, The Crypto Times, Fortune, TechCrunch, LinkedIn, and Cointelegraph
Jack Pitcher / Wall Street Journal:
Software stocks extended their weeks-long selloff on Monday; several of the biggest decliners were discussed in a post by Citrini Research  —  The weeks-long selloff in software stocks deepened Monday amid general unease about the threat posed by AI.  —  Software-makers AppLovin, CrowdStrike …
Pia Singh / CNBC:
IBM shares closed down 13.15% after Anthropic outlined in a blog post how Claude Code can automate the exploration and analysis phases of COBOL modernization  —  International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology …
Bloomberg:
Sources: PayPal is attracting takeover interest after a stock slide over the past year wiped out almost half of its value; PYPL closes up 5.76%  —  PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value …
Axios:
Sources: US Defense Secretary Pete Hegseth summons Dario Amodei to the Pentagon on Tuesday morning for what is likely to be a tense meeting over Claude usage  —  Defense Secretary Pete Hegseth has summoned Anthropic CEO Dario Amodei to the Pentagon on Tuesday morning for what sources …
Axios:
A DOD official says xAI has agreed to let the military use Grok in classified systems and agreed to the “all lawful use” standard, which Anthropic has refused  —  But the Pentagon is threatening Anthropic in a dispute over safeguards and may soon need a replacement.
Ashley Capoot / CNBC:
OpenAI launches Frontier Alliances, entering into multiyear deals with Accenture, BCG, Capgemini, and McKinsey to help deploy its enterprise platform Frontier  —  OpenAI on Monday announced it is entering into multiyear partnerships with four consulting firms that will help the company deploy its enterprise platform called Frontier.
Tom Warren / The Verge:
Sources: some Xbox staffers say they are relieved that Sarah Bond is leaving, after she led a pivot away from the console with the “Xbox everywhere” strategy  —  Microsoft has a new gaming CEO who wants to bring Xbox back from the brink. … Xbox fans had been anticipating …
Rafe Rosner-Uddin / Financial Times:
Uber launches Uber Autonomous Solutions, offering services like insurance, roadside assistance, and “AV mission control” tools, and will offer fleet financing  —  App says new operation will boost commercialisation of AVs  —  Uber has set up a new initiative to serve a growing number …
Bloomberg:
Sources: Anthropic has lined up $5B to $6B for an employee share sale at a valuation of about $350B; outside investors will be buying up the insider shares  —  Anthropic is offering some current and former employees the ability to sell shares in the company at a valuation of about $350 billion …
Reuters:
A Trump administration official says DeepSeek's new model, expected next week, was trained on Nvidia Blackwell chips, in a potential US export control violation  —  Chinese AI startup DeepSeek's latest AI model, set to be released as soon as next week, was trained on Nvidia's (NVDA.O) …
Wall Street Journal:
How Binance staffers found $1B was sent to sanctioned Iranian entities via the exchange, which dismantled their probe and suspended them after Trump pardoned CZ  —  Weeks after Trump pardoned Binance's founder, the company dismantled probe and suspended the investigators; Binance denied inquiry ended or staff fired for the concerns
Vicky Ge Huang / Wall Street Journal:
The administrator winding down Terraform Labs sues Jane Street, alleging it engaged in insider trading to profit from and ultimately hasten Terraform's collapse  —  The court-appointed administrator of Do Kwon's Terraform Labs alleged that Jane Street used nonpublic information from Terraform insiders to trade
Financial Times:
Sources: Trump's “Board of Peace” is exploring a USD-pegged stablecoin for Gaza; a source says it will not be a “Gaza Coin” or a new Palestinian currency  —  Proposal to launch cryptocurrency pegged to US dollar comes after cash supply was decimated during Israeli offensive

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More News

Anthropic:
More: Forbes and The Decoder
LinkedIn: Julie Schell and Pooja PalodBluesky: @timkellogg.meForums: Hacker News
Lora Kolodny / CNBC:

Earlier Picks

New York Times:
Cheyenne MacDonald / Engadget:
Anissa Gardizy / The Information:
Marcus Schuler / Implicator.ai: