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Sources: crypto exchange Backpack, built by ex-FTX and Alameda leaders, is in talks to raise $50M at a $1B pre-money valuation, reports $100M+ in annual revenue (Ryan Lawler/Axios)
Chipmaker Onsemi reports Q4 revenue down 11% YoY to $1.53B, vs. $1.54B est., as its two biggest business units continue to post sales declines; ON drops 4%+ (Katherine Hamilton/Wall Street Journal)
The US NLRB abandons its 2024 case accusing SpaceX of illegally firing eight engineers and signals it will steer clear of future cases against the company (Josh Eidelson/Bloomberg)
Sources: the Trump administration plans to spare US hyperscalers from upcoming tariffs on chips; exemptions would be based on TSMC's US investment commitments (Aime Williams/Financial Times)
Sources: the White House is drafting a voluntary pact seeking commitments from tech companies to ensure data centers don't raise electricity prices and more (Politico)
Farcaster co-founders Dan Romero and Varun Srinivasan, along with the team at Merkle, join stablecoin startup Tempo after Merkle's sale of Farcaster to Neynar (Kyle Baird/The Block)
In opening statements in New Mexico's suit against Meta, state prosecutors argue Meta misrepresented the safety of its platforms, as Meta's attorney pushes back (Morgan Lee/Associated Press)
OpenAI Responds to Critical Super Bowl Commercials by Putting Ads in ChatGPT (Ece Yildirim/Gizmodo)
How China boosts its humanoid robot industry, giving companies land, favorable bank loan terms, and sometimes subsidizing the robots' purchase price by ~10% (Wall Street Journal)
Blackstone and Coatue grant a $10B loan to Australian AI infrastructure startup Firmus for data center expansion, among Australia's largest private credit deals (Bloomberg)
How Runna, an AI-powered virtual coaching app acquired by Strava in 2025, toned down its aggressive training plans following reports of injuries from some users (Nicole Nguyen/Wall Street Journal)
China says its trade surplus from digital services rose 100%+ to a record $33B in 2025, boosted by overseas revenue of AI, livestreaming, and e-commerce (Bloomberg)
A look at the 2026 Super Bowl ads from Anthropic, Amazon, OpenAI, and others, as AI continued to take center stage in ad creations and AI product promotion (Lauren Forristal/TechCrunch)
A look at Tether's global expansion, after it recently hit ~300 staff; sources describe Tether's internal focus on corporate structure and "profit and loss" (Jill R Shah/Financial Times)
Crypto.com CEO Kris Marszalek launches ai.com during the Super Bowl and opens up username handle registration to let users get a private, personalized AI agent (Brayden Lindrea/Cointelegraph)
Q&A with YouTube VP of Subscription Products Christian Oestlien on YouTube TV's future, the NFL and Oscars deals, its friendly rivalry with Netflix, and more (Lucas Shaw/Bloomberg)
PE firm Advent, FedEx, A&R, and PPF agree to acquire Polish automated parcel delivery company InPost for €7.8B; the company has 61K automated parcel lockers (Dominic Chopping/Wall Street Journal)
The European Commission sends a statement of objections to Meta over WhatsApp blocking rival AI chatbots, warning it will take measures to avoid "serious" harm (Bloomberg)
YouTube launches a Premium paywall for song lyrics on YouTube Music, after testing it in recent months; users get five free lyrics before they have to subscribe (Abner Li/9to5Google)
Chinese chip designer Montage raised $902M in its Hong Kong IPO, jumping 64% in its market debut, the biggest rise since Kuaishou's $6.2B Hong Kong IPO in 2021 (Julia Zhong/Bloomberg)

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