Techmeme
February 24, 2026, 10:30 AM

Top News

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:
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:
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 …
Max Seddon / Financial Times:
Russian media: Russia opens an investigation into Telegram founder Pavel Durov for “abetting terrorist activities”, as it promotes its state-run rival Max app  —  Kremlin steps up curbs against messaging app and promotes a state-backed rival  —  Russia has opened an investigation …
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 …
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 …
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
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
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.
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.
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.
Krisztian Sandor / CoinDesk:
Kraken launches what it claims are the first regulated perpetual futures contracts based on tokenized stocks, available to non-US users and trading 24/7  —  The crypto exchange is bringing U.S. stocks closer to the crypto world, letting users trade derivatives of tokenized stocks around-the-clock and with 20x leverage.

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More News

K.J. Yossman / Variety:

Earlier Picks

Josh Dzieza / The Verge:
Bloomberg:
Bloomberg:
Ashley Capoot / CNBC: