Techmeme
February 24, 2026, 3:55 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 …
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 …
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: Wall Street Journal, Bloomberg, Key Context, Financial Times, Business Insider, South China Morning Post, MarketWatch, The Daily Upside, CNBC, Gizmodo, Forbes, Noahpinion, Reuters, The Deep View, LinkedIn, Cointelegraph, Fortune, Business Insider, and Benzinga
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
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
Bloomberg:
Sources: PayPal is attracting takeover interest after a stock slide over the past year wiped out almost half of its market value; PYPL closed up 5.76%  —  PayPal Holdings Inc., the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped …
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:
Josh Dzieza / The Verge:
A look at the challenges some AI developers face in building models to extract trillions of high-quality tokens from PDFs, which are hard to parse, for training  —  Last November, the House Oversight Committee had just released 20,000 pages of documents from the estate of Jeffrey Epstein …

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More News

Annie Palmer / CNBC:

Earlier Picks

Financial Times:
Anthropic:
More: Axios, The Decoder, and Forbes
LinkedIn: Julie Schell and Pooja Palod.  Bluesky: @timkellogg.me.  Forums: Hacker News
Ashley Capoot / CNBC:
Tom Warren / The Verge:
Rafe Rosner-Uddin / Financial Times: