Bloomberg:
Xiaomi reports Q4 revenue up 7.3% YoY to ~$17B, narrowly above est., its slowest growth since 2023, as EV sales failed to make up for slumping smartphone demand  —  Xiaomi Corp. posted its slowest quarterly growth since 2023, after strong sales of its EVs failed to make up for slumping smartphone demand.

Connie Loizos / TechCrunch:
In a Kleiner podcast interview, DOD official Emil Michael says he will “never forget” nor “forgive” Uber investors that ousted him and Travis Kalanick in 2017  —  Emil Michael, who serves as a senior technology official at the Department of Defense …

Financial Times:
European VC firm Hummingbird raised $800M to find “misfit” founders, taking its total assets to ~$2B, after backing Kraken and AI vibe coding startup Lovable  —  Hummingbird to put $800mn in funds to work after lucrative early bets on the likes of Kraken and Lovable

Elena Vardon / Wall Street Journal:
London-based Revolut reports 2025 revenue up 46% YoY to £4.5B, pretax profit up 54% YoY to £1.7B, and customers up nearly 33% YoY, as it moves to become a bank  —  Revenue rose 46% last year as its customer base grew by around a third, the fintech said

Bloomberg:
Filing: SK Hynix plans to spend ~$8B on cutting-edge EUV lithography chipmaking tools from ASML through 2027, as it competes with Samsung to supply DRAM and HBM  —  SK Hynix Inc. plans to spend 11.9 trillion won ($7.9 billion) on cutting-edge extreme ultraviolet lithography chipmaking tools …