Francisco Rodrigues / CoinDesk:
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn — Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
X is rolling out Grok-powered AI tools for advertisers to generate ready-to-use ad copy and imagery and provide campaign performance analysis (Kendra Barnett/Adweek)
Kendra Barnett / Adweek:
X is rolling out Grok-powered AI tools for advertisers to generate ready-to-use ad copy and imagery and provide campaign performance analysis — The company is betting on AI to help recover some of the millions it has shed in ad revenue over the last two years
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.
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)
Davide Castelvecchi / Scientific American:
Some physicists are skeptical about Microsoft’s claims of achieving a quantum computing breakthrough with Majorana 1, citing the lack of detailed evidence — With its ‘topological’ quantum computers, Microsoft aims to reach useful scales faster than competing technologies
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)
Lucinda Shen / Axios:
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 — All topics — Situational awareness: OpenAI co-founder Ilya Sutskever is raising over $1 billion for his startup Safe Superintelligence …
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)
Daniel Cancel / Bloomberg:
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 — – Latin America e-commerce, fintech giant blows away estimates — MercadoLibre extends lead as most valuable Latin American firm
