| Bloomberg: |
Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens — - North Korean group Lazarus suspected by industry researchers — Prices of Ether, Bitcoin and other tokens decline after theft| RT Watson / The Block: |
Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history — - Arkham Intelligence said Lazarus Group hacked Bybit for over $1.5 billion, citing information provided by online sleuth ZachXBT.| Davide Castelvecchi / Scientific American: |
Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence — With its ‘topological’ quantum computers, Microsoft aims to reach useful scales faster than competing technologies| Reuters: |
Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached — U.S. negotiators pressing Kyiv for access to Ukraine's critical minerals have raised the possibility of cutting the country's access … | Bloomberg: |
The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 — - Alibaba, Bilibili, Lenovo surge in HK after reporting results — Xi's meeting with sector leaders is another catalyst: analyst| Ricardo Brito / Reuters: |
| Cade Metz / New York Times: |
OpenAI says it found evidence of an AI-powered surveillance tool used by a Chinese security operation to identify anti-China posts on social media in the West — The company said a Chinese operation had built the tool to identify anti-Chinese posts on social media services in Western countries.| Mark Gurman / Bloomberg: |
Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do — - Company removes Advanced Data Protection feature for UK users — “We never will” build backdoor to user data, iPhone maker says| Bloomberg: |
NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles — - Hundreds of staffers and about a dozen games have been cut — Founder William Ding sets elevated expectations for results| Bloomberg: |
Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed — - President says tariff threat prompted move from planned plants — Cook, Trump held private meeting Thursday at the White House| Kyle Wiggers / TechCrunch: |
Sakana AI walks back claims that its new AI CUDA Engineer can speed up AI training by up to 100x, after complaints about worse-than-average training performance — This week, Sakana AI, a Nvidia-backed startup that's raised hundreds of millions of dollars from VC firms, made a remarkable claim.| Erin Griffith / New York Times: |
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories — Tech start-ups typically raised huge sums to hire armies of workers and grow fast.| Daniel Cancel / Bloomberg: |
Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 — - Latin America e-commerce, fintech giant blows away estimates — MercadoLibre extends lead as most valuable Latin American firm| Reuters: |
President Trump signs a memorandum to consider retaliatory measures, including tariffs, on countries that impose digital service taxes on US tech companies — President Donald Trump has signed a memorandum to impose tariffs on countries that levy digital service taxes on U.S. technology companies, a White House official said.
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| Olga Kharif / Bloomberg: |
| Ryan Christoffel / 9to5Mac: |
| MacKenzie Sigalos / CNBC: |
| Muyao Shen / Bloomberg Tax: |
| David Heaney / UploadVR: |
| The Information: |