Journals

RT Watson / The Block: Bloomberg data: BlackRock’s bitcoin ETF set a single day trading volume record of $1.3B+ on February 26, beating its launch day record of $1B+; BTC hits ~$55K  —  – The nine new spot bitcoin ETFs… Read More »Bloomberg data: BlackRock’s bitcoin ETF set a single day trading volume record of $1.3B+ on February 26, beating its launch day record of $1B+; BTC hits ~$55K (RT Watson/The Block)

Reuters: Sources: the BlackCat ransomware gang is behind the outage at UnitedHealth’s technology unit that has disrupted services at pharmacies in the US for six days  —  Figurines with computers and smartphones are seen in front of the words “Cyber… Read More »Sources: the BlackCat ransomware gang is behind the outage at UnitedHealth’s technology unit that has disrupted services at pharmacies in the US for six days (Reuters)

Ryan Gallagher / Bloomberg: The US adds networking equipment company Sandvine to its entity list, banning it from obtaining US tech, for supplying Egypt with equipment used for censorship  —  – Commerce Department largely bans tech firm from US purchases … Read More »The US adds networking equipment company Sandvine to its entity list, banning it from obtaining US tech, for supplying Egypt with equipment used for censorship (Ryan Gallagher/Bloomberg)

Katrina Manson / Bloomberg: The CTO for US Central Command says AI developed for Project Maven was used to narrow down targets for 85+ air strikes in the Middle East on February 2  —  – Algorithms were developed under the… Read More »The CTO for US Central Command says AI developed for Project Maven was used to narrow down targets for 85+ air strikes in the Middle East on February 2 (Katrina Manson/Bloomberg)

Todd Bishop / GeekWire: Expedia plans to cut about 1,500 roles this year, mainly in its Product & Technology division; the company had 17,100 employees at the end of 2023  —  Expedia Group expects about 1,500 roles to be impacted,… Read More »Expedia plans to cut about 1,500 roles this year, mainly in its Product & Technology division; the company had 17,100 employees at the end of 2023 (Todd Bishop/GeekWire)

Bloomberg: Sources: Shein is in the early stages of exploring a London IPO, as it has judged unlikely that the SEC will approve its IPO in the US  —  – Fast-fashion company still working on US listing application  — Other… Read More »Sources: Shein is in the early stages of exploring a London IPO, as it has judged unlikely that the SEC will approve its IPO in the US (Bloomberg)

Randy Thanthong-Knight / Bloomberg: Canada introduces the Online Harms Act, which aims to hold platforms responsible for reducing exposure to damaging content and create a digital safety regulator  —  – Bill to hold platforms responsible for extremist material  — Also… Read More »Canada introduces the Online Harms Act, which aims to hold platforms responsible for reducing exposure to damaging content and create a digital safety regulator (Randy Thanthong-Knight/Bloomberg)

Emily Bary / MarketWatch: Unity reports Q4 revenue up 35% YoY to $609M, vs. $551M est., but down 2% YoY to $510M excluding a Wētā FX deal, Q1 sales guidance far below est.; U drops 15%+  —  ‘All of our… Read More »Unity reports Q4 revenue up 35% YoY to $609M, vs. $551M est., but down 2% YoY to $510M excluding a Wētā FX deal, Q1 sales guidance far below est.; U drops 15%+ (Emily Bary/MarketWatch)

Brody Ford / Bloomberg: Zoom reports Q4 revenue of $1.15B, up 2.6% YoY, vs. $1.13B est., Enterprise revenue of $667M, up 4.9% YoY, and announces a $1.5B stock buyback; ZM jumps 10%+  —  The company also announced a $1.5 billion… Read More »Zoom reports Q4 revenue of $1.15B, up 2.6% YoY, vs. $1.13B est., Enterprise revenue of $667M, up 4.9% YoY, and announces a $1.5B stock buyback; ZM jumps 10%+ (Brody Ford/Bloomberg)

Ben Thompson / Stratechery: While Google paused Gemini’s image generation, its text generation tool also offers some absurd responses, highlighting the need for flourishing open source AI  —  Last Wednesday, when the questions about Gemini’s political viewpoint were still limited… Read More »While Google paused Gemini’s image generation, its text generation tool also offers some absurd responses, highlighting the need for flourishing open source AI (Ben Thompson/Stratechery)