Technology news, read properly.
Phones, chips, games, cars, space, security and AI. Everyone reports what shipped. Astraas reads the announcement twice and writes up the part that actually decides something: who pays for it, what it breaks, and who the deal was really for.
Crypto
Bitget's $387.5 million loss came through the front door
Bitget resumed Bitcoin withdrawals on 28 September after hackers stole $387.5 million, up from an initial $351.6 million. The exchange says attackers spoofed transaction data to trigger its own authorization process across seven blockchains.
The Feed
What happened, and what it actually means-
28 Sep
Bitget's $387.5 million loss came through the front doorCrypto
Bitget resumed Bitcoin withdrawals on 28 September after hackers stole $387.5 million, up from an initial $351.6 mill…
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28 Sep
Honor's new flagship leads with battery life, not the camera badgePhones
Honor launched the Magic 9 Pro Max in China on 28 September with an 8,800mAh battery, a 200-megapixel main camera and…
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28 Sep
Truecaller is giving away the data it spent a decade collectingScams
Truecaller launched Scam Checker, a free web and Android tool that checks suspicious numbers, links and messages agai…
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23 Aug
GrapheneOS is escaping Pixel exclusivity. The price is the catchPrivacy
GrapheneOS will support Motorola flagship phones from 2027, priced above the Pixel lineup. Cheaper devices will take…
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23 Aug
Walmart's decade of refusing Apple Pay ends Monday, in ArkansasPayments
Walmart starts accepting Apple Pay, Google Pay and contactless cards on 24 August in Arkansas, expanding state by sta…
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23 Aug
The GTA 6 leaks have a name now. Take-Two wants the addressGTA 6
Take-Two has petitioned a New York court to subpoena Microsoft and Discord for the identities behind the GTA 6 leaks:…
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22 Aug
The 200 jobs Apple cut are next year's product roadmapApple
Apple is shedding some 200 roles from its headset and assistant organisations. The Vision Pro gaming team is being sh…
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22 Aug
TikTok's $400 million settlement has a $100 million asteriskChild privacy
The DOJ's 2024 COPPA suit against TikTok ends with a $400 million payment, a quarter of it conditional on unwinding a…
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22 Aug
A million people have reported AI-sounding posts on LinkedIn. Its writing tools helped write themAI slop
LinkedIn says a million people have clicked its AI slop button and views on classified slop are down 40 percent. Pang…
Research
Longer pieces, with the working shown
Streaming deals
The GTA 6 deal makes more sense once you see which Netflix desk it came from
Netflix gets six hours with the next Grand Theft Auto 6 footage before it reaches YouTube on 27 August. The Netflix executive quoted in the announcement runs nonfiction series, and the window closes before most of Asia is awake.
Agentic commerce
Google built an agent that does everything except pay
Ask Maps can now order food, book hotels and plan days across 150 more countries. Google says it completes every step up to payment. Where the agent stops, and the protocol Google is building to move that line, is the story.
Privacy
The Private Relay leak matters because no iOS browser can route around it
Tommy Mysk and Talal Haj Bakry found that WebKit's passkey handling bypasses iCloud Private Relay, exposing a real IP address. Because every iOS browser must use WebKit, no privacy browser on the platform can avoid it. Apple plans a fix for autumn 2026.
Pricing
The subscription breakeven is 154 million tokens a month.
At published API rates, $100 buys roughly 154 million tokens on a cache-heavy agentic workload. That is the point where a Claude subscription starts winning — and it is much lower than people expect.
Prompt caching
A cache entry pays for itself on the second read.
Cache writes cost 1.25x and cache reads cost 0.1x, which puts the break-even at 1.39 reads. Measured across 9.75 billion cache-read tokens, caching cut an agentic bill by 87%.
Model routing
Routing 7% of calls to cheap models saved 0.89%.
Routing 6.9% of calls to Haiku and Sonnet cut 0.89% of spend. Measured across 23,157 calls, cheap-model routing is a rounding error unless it moves the work that actually runs.
Cost floors
A backtest said Sharpe 2.74. Real data said 0.35.
Nineteen backtested strategies, and the headline finding is not the fourteen failures. It is that the best proxy result overstated the real number by 87% — Sharpe 2.74 modelled versus 0.35 measured.
Inference economics
Inference got 95% cheaper. Your bill went up anyway.
Per-token inference prices have collapsed — 95% in two years by some measures — while enterprise LLM spend has doubled. The gap is explained by agentic workloads consuming 5 to 30 times more tokens per task.
AI ROI
95% of enterprise AI pilots return nothing. The failure isn't the model.
MIT found 95% of enterprise GenAI pilots produce no measurable P&L impact against $2.52 trillion of AI spending. The pattern in the failures is organisational, not technical.
Agent economics
9.96 billion tokens in 34 days. Output was 8% of the bill.
Thirty-four days of real Claude Code usage, costed line by line at published API rates. Cache reads were 98% of tokens and 75% of spend. Every optimization guide leads with the wrong lever.
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