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- 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)
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- 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)
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- Some physicists are skeptical about Microsoft's claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence (Davide Castelvecchi/Scientific American)
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- Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 (Daniel Cancel/Bloomberg)
- Renaissance Capital: 12 of 40 fintech firms that went public in the US since 2020 have given positive investor returns; only Shift4 and AppLovin are profitable (Lucinda Shen/Axios)
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- The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 (Bloomberg)
- Alibaba's Hong Kong-listed shares jumped 14.6% on February 21 after CEO Eddie Wu said it would invest "aggressively" in AI; Alibaba's HK stock is up 70.36% YTD (Eleanor Olcott/Financial Times)
- Lumotive, whose optical semiconductor tech can "steer" laser light and is an alternative to lidar, raised a $45M Series B co-led by Gates Frontier and MetaVC (Taylor Soper/GeekWire)
- The US SEC approves a yield-bearing stablecoin by Figure Markets, which Figure says is the first yield-bearing stablecoin registered as a security with the SEC (Olga Kharif/Bloomberg)
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- iOS 18.4 dev beta adds Apple Intelligence-powered Priority Notifications, to show important alerts in a separate lock screen section at the top, off by default (Ryan Christoffel/9to5Mac)
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- Block shares closed down 17.69% on February 21, their steepest drop since 2020, after Q4 earnings missed est. and guidance for 2025 failed to reassure investors (MacKenzie Sigalos/CNBC)
- President Trump signs a memorandum to consider retaliatory measures, including tariffs, on countries that impose digital service taxes on US tech companies (Reuters)
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- NFT marketplace OpenSea says the US SEC has ended an investigation into the company, after OpenSea received a Wells Notice in August 2024 (Muyao Shen/Bloomberg Tax)
- Sources: US negotiators pressing Ukraine for access to its minerals raised the possibility of cutting the country's access to Starlink if a deal is not reached (Reuters)
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- Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens (Bloomberg)
- OpenAI bans Chinese accounts using ChatGPT to edit code for social media surveillance
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- Brazilian Supreme Court Justice Alexandre de Moraes orders the immediate and full suspension of Rumble in the country due to noncompliance with court orders (Ricardo Brito/Reuters)
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- Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history (RT Watson/The Block)
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