Techmeme
February 24, 2026, 12:20 PM

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 …
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 …
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.
Rachel Metz / Bloomberg:
Anthropic launches Claude Cowork agent tools for investment banking, HR, design, and more, including a specialized financial plugin developed alongside FactSet  —  Anthropic PBC is expanding the reach of its Claude chatbot into new sectors, weeks after the startup sparked a market meltdown …
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 …
Robin Wigglesworth / Financial Times:
An Evercore ISI economist criticizes Citrini's AI report, calling its assumptions “extreme and improbable”, but says it's a thought-provoking exercise  —  Most of the sell-side has remained hilariously silent at a mere Substacker seemingly shaking markets, even though the anguish and frustration is almost palpable.
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
More: Anthropic, eWeek, The Hacker News, Fortune, Mashable, TestingCatalog, The American Bazaar, Gizmodo, Interconnects AI, PC Gamer, Engadget, Infosecurity, Neowin, CNN, Business Today, The Deep View, Bloomberg, and Reuters
Reuters:
Matt Kapko / CyberScoop:
CrowdStrike says the average breakout time for attackers moving from intrusion to other network systems fell to 29 minutes in 2025, a 65% YoY increase in speed  —  The average time from intrusion to network movement in 2025 was 29 minutes, a 65% increase in speed from the year prior.  —  Learn more.
Emma Roth / The Verge:
Natalie Breymeyer / Axios:
Slang AI, which develops voice-based software for the hospitality industry that answers inbound calls, manages reservations, and more, raised a $36M Series B  —  Slang AI, a New York-based AI platform for the hospitality industry, raised a $36 million Series B led by U.S. Venture Partners, CEO Alex Sambvani tells Axios exclusively.
More: FinSMEs
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 …
Lily Mae Lazarus / Fortune:
Profound, which tracks how AI models recommend brands across millions of prompts, raised a $96M Series C at a $1B valuation, bringing its total funding to $155M  —  Profound, an 18-month-old startup betting that the future of marketing will be shaped not by Google links but by AI answers, is now a unicorn.
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
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.
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

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K.J. Yossman / Variety:
Josh Dzieza / The Verge:
Axios: