Techmeme
February 24, 2026, 1:05 AM

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
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 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 …
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: Key Context, Bloomberg, Wall Street Journal, South China Morning Post, Business Insider, The Daily Upside, Cointelegraph, Financial Times, TheStreet, Reuters, MarketWatch, CNBC, Gizmodo, Forbes, Noahpinion, The Deep View, LinkedIn, Fortune, Business Insider, Benzinga, Implicator.ai, TechCrunch, and The Crypto Times
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
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:
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.
Axios:
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
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 …
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.
Jagmeet Singh / TechCrunch:
Bengaluru-based Xflow, which facilitates B2B cross-border payments, raised a $16.6M Series A led by GC at an $85M valuation, bringing its total raised to $32M+  —  Xflow, an Indian fintech startup, has secured backing from both Stripe and PayPal Ventures in a $16.6 million funding round.

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OpenAI Closes in on $100 Billion, OpenClaw Acquired, AI's Productivity Question — With Aaron Levie
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More News

Financial Times:

Earlier Picks

Anthropic:
More: Axios, The Decoder, and Forbes
LinkedIn: Julie Schell and Pooja PalodBluesky: @timkellogg.meForums: Hacker News
Tom Warren / The Verge:
Lora Kolodny / CNBC:
Rafe Rosner-Uddin / Financial Times: