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Sources: HSBC and Standard Chartered are set to be among the first licensed stablecoin issuers in Hong Kong, as the city pushes to become a crypto hub (Bloomberg)
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China approves the market launch of an invasive BCI system that helps restore hand movement, the world's first approval of such a device for commercial use (Reuters)
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Alex Karp says AI disrupts the economic power of "humanities-trained, largely Democratic voters" and strengthens that of "working-class, often male voters" (Kelby Vera/HuffPost)
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Docs: Binance investigators found accounts, including of a VIP Chinese trader and a suspected Iranian gold smuggler, that helped move $1B to Iran-linked groups (Fortune)
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Source: the perpetrators of the wiper attack on Stryker appear to have used Microsoft Intune to issue a "remote wipe" command against all connected devices (Brian Krebs/Krebs on Security)
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Sources: ByteDance is working with Aolani Cloud to deploy ~500 Nvidia Blackwell systems in Malaysia, totaling ~36,000 B200 chips; the hardware could cost $2.5B+ (Wall Street Journal)
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The European Commission says "X has submitted remedies in relation to its blue check mark" in the EU and the commission will now "assess the proposed remedies" (Gian Volpicelli/Bloomberg)
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A survey of US adults: 75% say they have heard a lot or a little about data centers; 39% say they are bad for the environment, and 38% bad for home energy costs (Pew Research Center)
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Developers on AI coding: many are enthusiastic and now feel more like architects than construction workers, some say software jobs openings may grow, and more (Clive Thompson/New York Times)
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Apple is lowering its commission for its App Store in mainland China from 30% to 25%, starting on March 15, "following discussions with the Chinese regulator" (Mark Gurman/Bloomberg)
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Telus Digital confirms a security incident after ShinyHunters claimed to have stolen nearly 1PB of data from the Canadian BPO giant in a multimonth breach (Lawrence Abrams/BleepingComputer)
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Sources: Qualified Health, which helps health care organizations assess and orchestrate AI tools, is raising a ~$100M Series A from NEA, SignalFire, and others (Erin Brodwin/Axios)
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Social media addiction trial: the plaintiff, Meta, and YouTube make their closing arguments; jurors begin deliberations on the liability for harms to children (Associated Press)
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Sources: UK-based cloud provider Nscale is in talks to buy a major data center site in West Virginia; Amazon and Meta have also expressed interest in the site (Anissa Gardizy/The Information)
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A US appeals court voids much of a March 2025 injunction blocking California's online child safety law, while keeping some of the law's provisions blocked (Jonathan Stempel/Reuters)
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Sources: Meta delayed the launch of its Avocado model to at least May over performance concerns and discussed temporarily licensing Gemini to power its products (Eli Tan/New York Times)
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Adobe reports Q1 revenue up 12% YoY to $6.4B, vs. $6.28B est., adjusted EPS above estimates, and forecasts Q2 revenue between $6.43B and $6.48B, vs. $6.43B est. (Zaheer Kachwala/Reuters)
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Allen Institute for AI CEO Ali Farhadi steps down after two and a half years to pursue research ambitions; founding member Peter Clark will serve as interim CEO (Todd Bishop/GeekWire)
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Sources: Amazon plans to move its Prime Day sale from July to late June; the shift affects its financial reporting, with event sales coming in Q2 rather than Q3 (Bloomberg)
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Sources: Meta has paused the Persian Gulf section of its 2Africa subsea cable project as the war in the Middle East freezes activity in the region (Bloomberg)
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