M.G. Siegler / Spyglass:
Reports of Meta launching standalone Meta AI and Reels apps aren't surprising, as the company has a history of repeatedly bundling and unbundling its products — “There are only two ways to make money in business: One is to bundle; the other is unbundle.” While Jim Barksdale's famous quote …
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Friday, February 28, 2025
Reports of Meta launching standalone Meta AI and Reels apps aren't surprising, as the company has a history of repeatedly bundling and unbundling its products (M.G. Siegler/Spyglass)
Thailand says TikTok plans to spend $8.8B to build AI data centers across the country over the next five years, more than doubling its earlier target (Pathom Sangwongwanich/Bloomberg)
Pathom Sangwongwanich / Bloomberg:
Thailand says TikTok plans to spend $8.8B to build AI data centers across the country over the next five years, more than doubling its earlier target — - Social media platform to invest in data-hosting infrastructure — Company recently won approval for $3.8 billion outlay
Consensys founder Joseph Lubin says the SEC has agreed "in principle" to end its securities enforcement case against Consensys' MetaMask, filed in June 2024 (Cheyenne Ligon/CoinDesk)
Cheyenne Ligon / CoinDesk:
Consensys founder Joseph Lubin says the SEC has agreed “in principle” to end its securities enforcement case against Consensys' MetaMask, filed in June 2024 — The U.S. Securities and Exchange Commission (SEC) is dropping yet another case against an American crypto company …
How the NYC subway used Google's experimental, AI-based TrackInspect tool to identify 92% of defect locations on subway tracks later found by human inspectors (Aarian Marshall/Wired)
Aarian Marshall / Wired:
How the NYC subway used Google's experimental, AI-based TrackInspect tool to identify 92% of defect locations on subway tracks later found by human inspectors — New York City's transit authority is one of a few US systems experimenting with using sensors and AI to improve track inspections.
Thursday, February 27, 2025
Microsoft calls on Trump to ease US export rules on data center chips for allies including India, Switzerland, and Israel, classed in the second of three tiers (Wall Street Journal)
Wall Street Journal:
Microsoft calls on Trump to ease US export rules on data center chips for allies including India, Switzerland, and Israel, classed in the second of three tiers — Request highlights the president's challenging task of trying to boost U.S. businesses and limit China's advances in artificial intelligence
Polish startup Nomagic, which makes robotic arms for logistics operations, raised a $44M Series B led by the EBRD, taking its total funding to ~$74M (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
Polish startup Nomagic, which makes robotic arms for logistics operations, raised a $44M Series B led by the EBRD, taking its total funding to ~$74M — Regions like the U.S. and Europe have been doubling down on rebuilding their industrial muscle after decades of closing down factories and outsourcing the work to countries like China.
Sources: no major players behind online scam centers in Myanmar were taken down in the recent China-led raids, and the construction of new centers continues (Hannah Beech/New York Times)
Hannah Beech / New York Times:
Sources: no major players behind online scam centers in Myanmar were taken down in the recent China-led raids, and the construction of new centers continues — A China-led crackdown on online fraud rescued thousands from Myanmar this month. But this massive business of grift keeps growing.
Wednesday, February 26, 2025
Q&A with Jürgen Schmidhuber, the controversial AI pioneer and director of AI at Saudi Arabia's KAUST, on the kingdom's AI ambitions, DeepSeek, AGI, and more (Anup Kaphle/Rest of World)
Anup Kaphle / Rest of World:
Q&A with Jürgen Schmidhuber, the controversial AI pioneer and director of AI at Saudi Arabia's KAUST, on the kingdom's AI ambitions, DeepSeek, AGI, and more — With a long track record of groundbreaking research, outspoken opinions, and grand visions, Jürgen Schmidhuber …
Alibaba releases Wan 2.1, a family of open-source AI models for generating images and videos, available globally on Alibaba Cloud's ModelScope and Hugging Face (Reuters)
Reuters:
Alibaba releases Wan 2.1, a family of open-source AI models for generating images and videos, available globally on Alibaba Cloud's ModelScope and Hugging Face — Chinese e-commerce leader Alibaba (9988.HK) said on Wednesday its video- and image-generating artificial intelligence model Wan 2.1 …
Tuesday, February 25, 2025
The ECMWF says its new weather model broke ground by making global predictions freely available; testing shows it outperforms other models up to 15 days ahead (Clive Cookson/Financial Times)
Clive Cookson / Financial Times:
The ECMWF says its new weather model broke ground by making global predictions freely available; testing shows it outperforms other models up to 15 days ahead — Predictions for up to 15 days ahead expected to improve tracking of extreme events — Improved weather prediction using …
The EU's Court of Justice says Google's refusal to let Italian energy company Enel host an EV charging app on Android Auto might break EU competition rules (Edith Hancock/Wall Street Journal)
Edith Hancock / Wall Street Journal:
The EU's Court of Justice says Google's refusal to let Italian energy company Enel host an EV charging app on Android Auto might break EU competition rules — The ruling comes after a years-long dispute between the Italian energy company and the tech giant over how it manages access to Android Auto
CoinGecko: crypto trading volume on India's four largest exchanges more than doubled QoQ to $1.9B in Q4 2024, as many young Indians trade to supplement income (Jaspreet Kalra/Reuters)
Jaspreet Kalra / Reuters:
CoinGecko: crypto trading volume on India's four largest exchanges more than doubled QoQ to $1.9B in Q4 2024, as many young Indians trade to supplement income — Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies …
Monday, February 24, 2025
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 (Elliptic)
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.
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 (Mark Gurman/Bloomberg)
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
Some hair stylists, bridal shops, and hardware stores say AI generated "inspo", taken from platforms like Pinterest, is warping customers' sense of reality (Tatum Hunter/Washington Post)
Tatum Hunter / Washington Post:
Some hair stylists, bridal shops, and hardware stores say AI generated “inspo”, taken from platforms like Pinterest, is warping customers' sense of reality — From bridal shops to med-spas to hardware stores, AI-generated photos are warping our sense of reality and hurting small businesses along the way.
China is increasingly pooling resources from the state and private sectors, including startups like Infinigence AI, to accelerate adoption of AI data centers (Financial Times)
Financial Times:
China is increasingly pooling resources from the state and private sectors, including startups like Infinigence AI, to accelerate adoption of AI data centers — Beijing is pooling resources from the private and state sectors to accelerate adoption of the fast-developing technology
Sunday, February 23, 2025
Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)
Financial Times:
Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B — Competition from Temu adds to pressure on fast-fashion group's valuation as it seeks approval for UK listing
Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU — 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.
Some US school districts are adopting Sonny, an AI "wellbeing companion," to provide mental health support to students when there aren't enough counselors (Julie Jargon/Wall Street Journal)
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 — Is a human-AI texting service the future of mental-health care for students? — Teens around the country are confiding …
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 (Scroll.in)
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 — The Svamitva scheme seeks to use drones to map out landholdings in inhabited rural areas. But so far, work has been opaque and riddled with errors.
Saturday, February 22, 2025
An investigation details how Chinese cybercrime groups are turning phished payment card data into new Apple or Google wallets for online and in-store use (Brian Krebs/Krebs on Security)
Brian Krebs / Krebs on Security:
An investigation details how Chinese cybercrime groups are turning phished payment card data into new Apple or Google wallets for online and in-store use — Carding — the underground business of stealing, selling and swiping stolen payment card data — has long been the dominion of Russia-based hackers.
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world (David Yaffe-Bellany/New York Times)
David Yaffe-Bellany / New York Times:
Even as Trump embraces crypto, attracting millions of new investors, the Bybit hack and memecoins show how crypto remains the wild West of the financial world — Hours after Coinbase said the S.E.C. was dropping a lawsuit against it, another major cryptocurrency exchange reported a potentially record-setting theft.
A look at the debate about whether AI models can truly reason, as some researchers describe the current pattern of reasoning as "jagged intelligence" (Sigal Samuel/Vox)
Sigal Samuel / Vox:
A look at the debate about whether AI models can truly reason, as some researchers describe the current pattern of reasoning as “jagged intelligence” — The AI world is moving so fast that it's easy to get lost amid the flurry of shiny new products.
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 (Erin Griffith/New York Times)
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.
Friday, February 21, 2025
DeepSeek will start open-sourcing five code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models (Saritha Rai/Bloomberg)
Saritha Rai / Bloomberg:
DeepSeek will start open-sourcing five code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models — - The startup will begin making technology available next week — DeepSeek is pushing harder on its open-source approach
Ofcom opens an investigation into a pro-suicide forum, its first using the Online Safety Act; the BBC linked the unnamed forum to 50+ deaths in the UK (BBC)
BBC : Ofcom opens an investigation into a pro-suicide forum, its first using the Online Safety Act; the BBC linked the unnamed forum to 5...
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Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
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Expanding its "Azure IP Advantage" programme, Microsoft is donating 500 patents to start-ups that are part of a non-profit organis...