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Sony hikes PlayStation 5 prices in Europe, the UK, Australia, and New Zealand, citing a "challenging economic environment"; the PS5 Pro remains the same price (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC : Sony hikes PlayStation 5 prices in Europe, the UK, Australia, and New Zealand, citing a “challenging economic envi...

28 February 2025

A US court finds that Byju's and founder Byju Raveendran's brother violated a fiduciary duty to lenders by fraudulently hiding $533M from them (Steven Church/Bloomberg)

Steven Church / Bloomberg:
A US court finds that Byju's and founder Byju Raveendran's brother violated a fiduciary duty to lenders by fraudulently hiding $533M from them  —  - Company, brother of Byju's founder wrongly hid $533 million  — Ruling is latest loss for Indian tech firm navigating US court

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Recent incidents indicate the US no longer characterizes Russia as a cyber threat; source: CISA analysts were told not to follow or report on Russian threats (Stephanie Kirchgaessner/The Guardian)

Stephanie Kirchgaessner / The Guardian:
Recent incidents indicate the US no longer characterizes Russia as a cyber threat; source: CISA analysts were told not to follow or report on Russian threats  —  Recent incidents indicate US is no longer characterizing Russia as a cybersecurity threat, marking a radical departure: ‘Putin is on the inside now’

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The product lead for Sora, Rohan Sahai, says OpenAI plans to integrate Sora into ChatGPT, but it may not offer the same level of control as Sora's web app (Maxwell Zeff/TechCrunch)

Maxwell Zeff / TechCrunch:
The product lead for Sora, Rohan Sahai, says OpenAI plans to integrate Sora into ChatGPT, but it may not offer the same level of control as Sora's web app  —  OpenAI intends to eventually integrate its AI video generation tool, Sora, directly into its popular consumer chatbot app, ChatGPT …

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Mimic, which offers a platform to detect, deflect, and facilitate recovery from ransomware attacks, raised a $50M Series A, bringing its total funding to $77M (Duncan Riley/SiliconANGLE)

Duncan Riley / SiliconANGLE:
Mimic, which offers a platform to detect, deflect, and facilitate recovery from ransomware attacks, raised a $50M Series A, bringing its total funding to $77M  —  Enterprise ransomware defense startup Mimic Networks Inc. announced today that it had raised $50 million in new funding to enhance …

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Sources: Defense Secretary Pete Hegseth ordered the US Cyber Command to stand down from all planning against Russia, including offensive digital actions (Martin Matishak/The Record)

Martin Matishak / The Record:
Sources: Defense Secretary Pete Hegseth ordered the US Cyber Command to stand down from all planning against Russia, including offensive digital actions  —  Defense Secretary Pete Hegseth last week ordered U.S. Cyber Command to stand down from all planning against Russia …

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Source: Amazon plans to expand Haul, the ultracheap Temu-like shopping site it launched in the US in November, to countries in Europe starting this year (Theo Wayt/The Information)

Theo Wayt / The Information:
Source: Amazon plans to expand Haul, the ultracheap Temu-like shopping site it launched in the US in November, to countries in Europe starting this year  —  Amazon is going global with its counterattack on bargain sellers Temu and Shein.  —  The e-commerce giant is planning on expanding Haul …

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Memo: Sergey Brin says Google could reach AGI if employees worked harder and were in the office more, saying "60 hours a week is the sweet spot of productivity" (Nico Grant/New York Times)

Nico Grant / New York Times:
Memo: Sergey Brin says Google could reach AGI if employees worked harder and were in the office more, saying “60 hours a week is the sweet spot of productivity”  —  The tech giant's co-founder said that if employees worked harder and were in the office more …

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Mozilla responds to backlash over Firefox's new Terms of Use, which critics have called out for being overly broad, and says it won't use people's data for AI (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch:
Mozilla responds to backlash over Firefox's new Terms of Use, which critics have called out for being overly broad, and says it won't use people's data for AI  —  Mozilla has responded to user backlash over the Firefox web browser's new Terms of Use, which critics have called …

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Sources: General Catalyst is in the very early stages of considering an IPO, which would make it first US VC firm to go public (Dan Primack/Axios)

Dan Primack / Axios:
Sources: General Catalyst is in the very early stages of considering an IPO, which would make it first US VC firm to go public  —  No bankers, timetable, etc.  — Instead, General Catalyst is in rapid expansion mode — trying to build the sort of diversified, fee-generating asset base …

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When asked about UK's order for an iCloud backdoor, Trump says he told PM Keir Starmer that UK "can't do this" and it is something "you hear about with China" (Chance Miller/9to5Mac)

Chance Miller / 9to5Mac:
When asked about UK's order for an iCloud backdoor, Trump says he told PM Keir Starmer that UK “can't do this” and it is something “you hear about with China”  —  President Trump has chimed in on the UK's attempt to force Apple to add a global backdoor to iCloud …

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Intel delays the opening of its first Ohio chip factory to 2030 due to financial struggles; the $28B project was originally scheduled to begin operating in 2025 (Max Filby/The Columbus Dispatch)

Max Filby / The Columbus Dispatch:
Intel delays the opening of its first Ohio chip factory to 2030 due to financial struggles; the $28B project was originally scheduled to begin operating in 2025  —  Intel's promised $28 billion semiconductor project in central Ohio has been delayed again, this time by several years.

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Filings: CFPB employees say the agency's Trump-appointed leadership plans to fire nearly all its 1,700 employees while "winding down" the agency (Hugh Son/CNBC)

Hugh Son / CNBC:
Filings: CFPB employees say the agency's Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency  —  The Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” …

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Microsoft says it will shut down Skype on May 5 and directs users to migrate all their contacts and chat data to Teams; Skype had 36M+ DAUs in 2023 (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch:
Microsoft says it will shut down Skype on May 5 and directs users to migrate all their contacts and chat data to Teams; Skype had 36M+ DAUs in 2023  —  After kickstarting the market for making calls over the internet 23 years ago, Skype is closing down.  Microsoft, which acquired the messaging …

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AMD unveils the $549 Radeon RX 9070 and $599 Radeon 9070 XT GPUs, featuring 16GB of GDDR6 memory, PCIe 5.0, and FSR 4 support, shipping March 6 (The Verge)

The Verge:
AMD unveils the $549 Radeon RX 9070 and $599 Radeon 9070 XT GPUs, featuring 16GB of GDDR6 memory, PCIe 5.0, and FSR 4 support, shipping March 6  —  AMD is finally ready to compete with Nvidia's new RTX 50-series GPUs. … AMD's answer to Nvidia's RTX 50-series GPUs is arriving next week …

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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)

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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Experts say stopping North Korean thefts will require higher security spending by crypto exchanges, more stringent rules, and better government cooperation (Bloomberg)

Bloomberg:
Experts say stopping North Korean thefts will require higher security spending by crypto exchanges, more stringent rules, and better government cooperation  —  - Hackers drained Ether, other tokens from “cold” crypto wallet  — Exchanges must step up spending on security, experts say

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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

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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 …

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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.

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Chainalysis estimates $40B worth of illicit crypto transactions took place in 2024; criminals shifted from mostly using bitcoin in 2021 to using stablecoins now (Oliver Knight/CoinDesk)

Oliver Knight / CoinDesk:
Chainalysis estimates $40B worth of illicit crypto transactions took place in 2024; criminals shifted from mostly using bitcoin in 2021 to using stablecoins now  —  Criminals are no longer using BTC, but instead choosing stablecoins, the report revealed.  —  What to know:

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Sundar Pichai says Waymo logs 200K+ weekly paid robotaxi rides, doubling in a year and 20x in two; Waymo says its self-driving system logs 1M+ miles per week (Kirsten Korosec/TechCrunch)

Kirsten Korosec / TechCrunch:
Sundar Pichai says Waymo logs 200K+ weekly paid robotaxi rides, doubling in a year and 20x in two; Waymo says its self-driving system logs 1M+ miles per week  —  Waymo is logging more than 200,000 paid robotaxi rides every week, according to Alphabet CEO Sundar Pichai, who shared the stat about the tech giant's subsidiary on X.

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OpenAI says Sora is now available to ChatGPT Plus and Pro users in the EU, the UK, Switzerland, Norway, Liechtenstein, and Iceland (Dan Milmo/The Guardian)

Dan Milmo / The Guardian:
OpenAI says Sora is now available to ChatGPT Plus and Pro users in the EU, the UK, Switzerland, Norway, Liechtenstein, and Iceland  —  ‘Sora would not exist without its training data,’ said peer Beeban Kidron, citing ‘another level of urgency’ to debate  —  The artificial intelligence …

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Cross-border payments company Flywire acquires Sertifi, which helps hotels streamline events contracting, group bookings, and related payments, for $330M (Justin Dawes/Skift)

Justin Dawes / Skift:
Cross-border payments company Flywire acquires Sertifi, which helps hotels streamline events contracting, group bookings, and related payments, for $330M  —  Skift Take  —  Amazon's customer payment system is the picture of modernity, simplicity, and convenience.  The travel industry pales in comparison, but that's changing.

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Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value (Bloomberg)

Bloomberg:
Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value  —  - Actions ‘not the result of any third-party pressure,’ CEO says  — Reductions to reshape sales process and allow AI investment

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HP CEO Enrique Lores says the company will have shifted 90% of its production for North America outside of China by the end of October 2025 (O'Ryan Johnson/CRN)

O'Ryan Johnson / CRN:
HP CEO Enrique Lores says the company will have shifted 90% of its production for North America outside of China by the end of October 2025  —  'China will continue to be a relevant manufacturing hub for the rest of the world, but specifically for North America, less than 10 percent …

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