Tech Meme

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 Lees verder op Tech Meme

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 Lees verder op Tech Meme

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 … Lees verder op Tech Meme

Eleanor Olcott / Financial Times: 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  —  Chinese tech group says it will spend more on artificial intelligence in next three years than over past decade Lees verder op Tech Meme

Taylor Soper / GeekWire: 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  —  GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene.  Sign up for our weekly startup newsletter … Lees verder op Tech Meme

Olga Kharif / Bloomberg: 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  —  – YLDs stablecoin from Figure Markets receives SEC registration  — Assets that earn a return are usually consider a security Lees verder op Tech Meme

Bloomberg: 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  —  – Alibaba, Bilibili, Lenovo surge in HK after reporting results  — Xi’s meeting with sector leaders is another catalyst: analyst Lees verder op Tech Meme

Ryan Christoffel / 9to5Mac: 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  —  iOS 18.4 brings Apple Intelligence support to a lot of new languages, expands Image Playgrounds with a new style … Lees verder op Tech Meme

MacKenzie Sigalos / CNBC: 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  —  Block shares plunged 18% on Friday, their steepest drop since 2020, after the company reported fourth-quarter earnings … Lees verder op Tech Meme

Reuters: 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  —  U.S. negotiators pressing Kyiv for access to Ukraine’s critical minerals have raised the possibility of cutting the country’s access … Lees verder op Tech Meme