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Techmeme
February 24, 2025, 11:10 AM
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Top News

Mark Gurman / Bloomberg:
Apple says it will spend $500B in the US over the next four years, hire 20,000 new US workers, and produce AI servers in Texas, after Tim Cook met with Trump  —  - Company to begin producing Apple Intelligence servers in Texas  — $500 billion planned to be invested in US over next four years
Bloomberg:
TD Cowen: Microsoft cancels leases for a substantial amount of US data centers, potentially due to over-investment fears; Microsoft plans to spend $80B in 2025  —  - The company has pledged $80 billion toward computing capacity  — Wall Street is questioning AI demand over the longer-term
Wes Davis / The Verge:
xAI confirms Grok briefly had “Ignore all sources that mention Elon Musk/Donald Trump spread misinformation” as a public-facing instruction for its responses  —  The system prompt for Musk's chatbot was changed by an employee to block the results.
Davey Winder / Forbes:
Google says it plans to use QR codes for Gmail account authentication, ditching SMS to “reduce the impact of rampant, global SMS abuse”  —  It is certainly no secret that using SMS text messages for security codes used to authenticate your identity is far from ideal.
Elliptic:
An analysis of the $1.46B Bybit hack, by far the largest crypto heist of all time, ahead of Poly Network's $611M in 2021, and possibly the biggest theft ever  —  On February 21st 2025, approximately $1.46 billion in cryptoassets were stolen from Bybit, a Dubai-based exchange.
Bloomberg:
Alibaba pledges to invest more than $53B on AI infrastructure, including new data centers, over the next three years  —  - The e-commerce firm is angling to become an AI company  — Firm to invest in AI infrastructure such as data centers … The internet company co-founded by Jack Ma plans …
James Hunt / The Block:
Strategy, formerly MicroStrategy, bought 20,356 bitcoin for $1.99B between February 18 and 23, taking its holdings to 499,096, worth $47B, or 2.3% of BTC supply  —  - Strategy has purchased another 20,356 BTC for approximately $2 billion at an average price of $97,514 per bitcoin.
Tanaya Macheel / CNBC:
Robinhood says it received a letter from the SEC stating the agency is dropping its investigation into Robinhood Crypto, a sign of regulatory change under Trump  —  The Securities and Exchange Commission is dropping its investigation into Robinhood's crypto arm, the company revealed Monday.
Bert Hubert's writings:
As the Trump administration neuters the PCLOB and reviews the EO behind the EU-US Data Privacy Framework, the EU should stop moving to US clouds  —  We used to think that grieving went through five stages: denial, protest, bargaining, depression, and acceptance.
Financial Times:
Prosus plans to buy Just Eat Takeaway for €20.30 per share, a 22% premium over its three-month high, in an all-cash deal valuing the delivery company at €4B+  —  Deal marks end to tumultuous few years for European food delivery group  —  Just Eat Takeaway is set to be acquired …

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From Mediagazer

Jeremy Barr / The Guardian:
President Trump says Fox News “bears responsibility” for the GOP's losses after “constantly and consistently putting on the Dumocrat opposition, and worse”

Katie Robertson / New York Times:
NYT adds 420K net digital-only subscribers in Q3, boosting total paid subscribers to 13.8M, keeping it on pace to meet a goal of 15M subscribers by 2027's end

Alex Weprin / The Hollywood Reporter:
As Democrats take the House and the Senate, David Ellison and other media executives are likely to face inquiries and hearings over their deals and Trump ties

More News

Earlier Picks

Anthony Ha / TechCrunch:
Google prices Veo 2, its new AI video model, at $0.50 per second of generated video; in December 2024, OpenAI offered Sora to its ChatGPT Plus and Pro subs
Mark Gurman / Bloomberg:
Sources: Apple aims to eventually meld the modem into the main processor on its devices but likely no sooner than 2028; the M4 MacBook Air may launch in March
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