Olga Kharif / Bloomberg : Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 em...
Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 employees as of March 1; Gemini lost $500M+ in 2025 — Gemini Space Station Inc.'s workforce reduction has reached roughly 30% since the start of the year following layoffs …
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Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, a source says for $6B; ByteDance bought Moonton for $4B in 2021 — ByteDance Ltd. has agreed to sell games unit Moonton to Savvy Games Group for $6 billion, unloading a gaming studio it acquired …
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Xiaomi releases MiMo-V2-Pro, its new 1T-parameter foundation model, codenamed Hunter Alpha, which the company says benchmarks close to GPT-5.2 and Opus 4.6 — Led by Fuli Luo, a veteran of the disruptive DeepSeek R1 project, the release represents what Luo characterizes as a “quiet ambush” on the global frontier.
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Filing: the SEC approved a Nasdaq rule change allowing some securities to trade in tokenized form; the new approach will be tested in an upcoming pilot program — Quick Take — Eligible participants will be able to settle trades in tokenized form during a pilot program operated by the Depository Trust Company.
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Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization plans for their AI investments — Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished …
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Sources: Indian AI data center operator Yotta is aiming to secure ~$500M to $600M at a ~$4B valuation, then file initial paperwork for an IPO within weeks — Yotta Data Services Pvt., the data center operator that runs India's largest cluster of Nvidia Corp. AI processors …
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Microsoft releases MAI-Image-2, ranked #3 on the text-to-image Arena leaderboard behind models from Google and OpenAI, available in the MAI Playground — Microsoft has been quietly building its own image generator. Announced Thursday by the company's AI Superintelligence team …
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Filing: Blue Origin seeks US FCC approval to deploy nearly 52K satellites as part of its proposed orbital AI data center system “Project Sunrise” — Blue Origin joins SpaceX and Starcloud in filing FCC applications for AI satellites — Jeff Bezos' Blue Origin is seeking permission …
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Sources: Jeff Bezos' $100B fund would be part of the same holding company as Project Prometheus and would invest in companies that could benefit from its tech — The new fund would operate alongside the Amazon founder's A.I. start-up, Project Prometheus. — Jeff Bezos is in early discussions …
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How AI startups and founders use “taste” as the latest buzzword for describing and distinguishing their products, in an attempt to evoke an aura of artisanality — In the age of A.I., the term has become as much of a Silicon Valley cliché as “disruption” was in the twenty-tens.
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