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Techmeme
February 24, 2025, 8:35 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
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.
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  —  Last week, Apple introduced the long-awaited successor to the iPhone SE: the iPhone 16e.  In doing so, it all but abandoned the budget smartphone market.
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
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.
Francisco Rodrigues / CoinDesk:
DefiLlama: Bybit experienced a “bank run” of $4B+ after the ~$1.5B hack, leading to a ~$5.5B total outflow; Bybit's CEO says “about 50%” of funds were withdrawn
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.
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 …
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 …
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  —  Google has quietly revealed the pricing of Veo 2, the video-generating AI model that it unveiled in December.

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From Mediagazer

Kelcee Griffis / Bloomberg:
The FCC approves Paramount's request for foreign ownership above 25% in its proposed WBD acquisition; foreign owners would hold 49.5% of its Class B shares

Protect Democracy:
A bipartisan group of 18 former FCC officials files a brief supporting ABC's request to halt the FCC's early review of its broadcast licenses

Peter Kafka / Business Insider:
Universal says it remains committed to releasing Alex Gibney's Musk documentary internationally, after a report said it was reconsidering; US debut is October 9

More News

Julie Jargon / Wall Street Journal:
Some US school districts are adopting Sonny, an AI “wellbeing companion”, to provide mental health support to students when there aren't enough counselors

Earlier Picks

Scroll.in:
A look at India's Svamitva Scheme, which has digitally mapped out landholdings using drones in 300K+ villages as of January 2025, as concerns mount over errors
Evan Ratliff / Wired:
A deep look at “the Zizians”, a cult-like group of young tech people exiled from Silicon Valley's rationalist community and allegedly linked to a killing spree
Financial Times:
Researchers estimate that air pollution related to data centers from Google, Microsoft, and Meta resulted in $5.4B in US public health costs from 2019 to 2023
Sean Hollister / The Verge:
Nvidia confirms a “rare” manufacturing issue affecting under 0.5% of RTX 5090 and 5070 Ti GPUs, which are missing render units, the latest hitch since launch
Andrew Deck / Nieman Lab:
Some journalists are taking freelance jobs with AI training data companies like Scale AI, which recruit them for tasks such as fact-checking and prompt drafting
Enock Nyariki / Poynter:
A Maldita study of nearly 1.2M Community Notes on X published globally in 2024 shows that professional fact-checkers are among the three most cited sources
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