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



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...