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February 24, 2026, 9:45 AM
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Wall Street Journal:
Meta agrees to acquire up to 6GW of AMD Instinct GPUs in a deal valued at $100B+ that could see Meta own up to 10% of AMD; Meta plans to deploy 1GW in 2026  —  The deal could result in Meta owning as much as 10% of AMD's stock as the chip maker seeks to challenge Nvidia
Tripp Mickle / New York Times:
How Silicon Valley has long ignored China's looming Taiwan invasion and its chip supply impact; US officials warned Apple, AMD, and Qualcomm about China's plans  —  Federal officials have for years tried to wean Silicon Valley from its dependence on Taiwan, an island democracy roughly the size …
Rolfe Winkler / Wall Street Journal:
Apple says it plans to move some Mac mini production to Houston from Asia later in 2026, as part of its efforts to invest $600B in the US over four years  —  The company will move some production of the desktop computer to Foxconn facility in Texas  —  Apple will move some production …
Rolfe Winkler / Wall Street Journal:
A look at Apple's efforts to reshore the US chip supply chain, as the company commits to buying 100M+ chips from TSMC Arizona in 2026, amid US-China tensions  —  The iPhone maker wants more supply based in U.S., which remains years behind Asia  —  PHOENIX—On a desolate stretch of land dotted …
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
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
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 …
Jack Pitcher / Wall Street Journal:
Software stocks like AppLovin and CrowdStrike extended their weeks-long selloff; several of the biggest decliners were discussed in Citrini Research's post
Akila Quinio / Financial Times:
Stripe hits a $159B valuation after an employee share sale to investors like Thrive, Coatue, and a16z, a 70% jump from its $92B valuation in February 2025  —  Deal will allow payments company to stay private for longer  —  Stripe's valuation has soared by more than 70 per cent to $159bn …
Stephen Nellis / Reuters:
ASML researchers unveil a breakthrough in EUV light source power, increasing output from 600W to 1,000W, a jump that could yield 50% more chips by 2030  —  Researchers at ASML Holding say they have found a way to boost the power of the light source in a key chip making machine to turn …
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:
A court-appointed administrator winding down Terraform Labs sues Jane Street, alleging it engaged in insider trading to profit from and hasten Terraform's fall  —  The court-appointed administrator of Do Kwon's Terraform Labs alleged that Jane Street used nonpublic information from Terraform insiders to trade
Reuters:
Filings: some Meta execs warned in 2019 that adding E2E encryption to Facebook and Instagram messaging would hinder the ability to flag CSAM to law enforcement  —  Meta (META.O) executives proceeded with a plan to encrypt the messaging services connected to its Facebook and Instagram apps …
Tom Singleton / BBC:
The UK ICO fines Reddit £14.47M for unlawfully using children's personal information; Reddit began verifying user ages in July 2025 to comply with the UK OSA  —  Reddit has been fined £14.47m by the UK's data watchdog for unlawfully using children's personal information.
Anthropic:
Anthropic introduces “persona selection model”, a theory to explain AI's human-like behavior, and details how AI personas form in pre-training and post-training  —  AI assistants like Claude can seem surprisingly human.  They express joy after solving tricky coding tasks.
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.
Dina Bass / Bloomberg:
MatX, an AI chip startup founded by two alumni of Google's chip business, raised $500M+ led by Jane Street and Situational Awareness to compete with Nvidia  —  MatX, an AI chip startup founded by two alumni of Google's semiconductor business, has raised more than $500 million in a new funding round …
Rebecca Torrence / Bloomberg:
Basis, which builds AI agents to help accounting firms with tasks like tax returns, raised $100M led by Accel at a $1.15B valuation, for $138M in total funding  —  AI-for-accounting startup Basis has surged to unicorn status with a new funding round as advances in artificial intelligence rattle the financial services markets.
K.J. Yossman / Variety:
The UK plans to update the Media Act 2024 to bring streaming platforms with 500K+ users under “enhanced” Ofcom regulation, giving it power to investigate them  —  Streaming platforms in the U.K. are set to come under “enhanced regulation” from media regulator Ofcom …
Dina Bass / Bloomberg:
Stefano Ermon's Inception releases Mercury 2, a diffusion AI model designed to field questions from users significantly faster and more cheaply than its rivals  —  Stefano Ermon helped pioneer technology that's used by popular artificial intelligence services to generate images and videos.
More: Inception
Samantha Kelly / Bloomberg:
ADT agrees to acquire Origin Wireless for $170M to integrate advanced AI motion classification into its popular home security suite starting in 2027  —  Security company ADT Inc. has bought AI startup Origin Wireless Inc. for $170 million in a deal that will allow it to upgrade …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:45 AM ET, February 24, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

The Hollywood Reporter:
WBD confirms that it received a revised bid from Paramount to acquire the company, but says it still recommends that shareholders vote for Netflix's deal

Aidan Ryan / The Boston Globe:
The Boston Globe won't print a paper for February 24 delivery due to the blizzard, the first time executives canceled a print edition in its 153-year history

Katie Campione / Deadline:
NBCU says the 2026 Milan Cortina Olympics averaged 23.5M viewers on its platforms for US afternoon and primetime periods, up 96% from the 2022 Beijing Olympics

More News

Josh Dzieza / The Verge:
A look at the challenges some AI developers face in building models to extract trillions of high-quality tokens from PDFs, which are hard to parse, for training

Earlier Picks

Bloomberg:
Sources: Anthropic has lined up $5B to $6B for an employee share sale at a ~$350B valuation; outside investors, not Anthropic, will buy up the insider shares
Bloomberg:
Sources: PayPal is attracting takeover interest after a stock slide over the past year wiped out almost half of its market value; PYPL closed up 5.76%
Ashley Capoot / CNBC:
OpenAI launches Frontier Alliances, entering into multiyear deals with Accenture, BCG, Capgemini, and McKinsey to help deploy its enterprise platform Frontier
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