Dashboard

Financial News

businesswire44d ago

Cleveland-Cliffs Inc. Appoints Ralph Michael as Lead Director

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced the appointment of Ralph “Mike” Michael III as Lead Independent Director of the Company’s Board of Directors, effective immediately. Mr. Michael succeeds Douglas Taylor as Lead Independent Director, following the Board’s acceptance of Mr. Taylor’s resignation due to a change in his professional circumstances. Under the Company’s Corporate Governance Guidelines, Mr. Taylor submitted a mandatory resignation following hi

#TECH
Google clamps down on Antigravity 'malicious usage', cutting off OpenClaw users in sweeping ToS enforcement move
venturebeat44d ago

Google clamps down on Antigravity 'malicious usage', cutting off OpenClaw users in sweeping ToS enforcement move

Google caused controversy among some developers this weekend and today, Monday, February 23rd, after restricting their usage of its new Antigravity "vibe coding" platform, alleging "maliciously usage." Some users who had been using the open source autonomous AI agent OpenClaw in conjunction with agents built on Antigravity, as well as those who had connected OpenClaw agents to their Gmails, claimed on social media that they lost access to their Google accounts. According to Google, said users had been using Antigravity to access a larger number of Gemini tokens via third-party platforms like OpenClaw, which overwhelmed the system for other Antigravity customers. This move has cut off several users, underscoring the architectural and trust issues that can arise with OpenClaw. The timing of Google’s crackdown is particularly pointed. Just one week ago, on February 15, OpenAI CEO Sam Altman announced that OpenClaw creator Peter Steinberger had joined OpenAI to lead its “next generation of personal agents.” While OpenClaw remains an open-source project under an independent foundation, it is now financially backed and strategically guided by Google’s primary rival. By cutting off OpenClaw’s access to Antigravity, Google isn’t just protecting its server load; it is effectively severing a pipeline that allows an OpenAI-adjacent tool to leverage Google’s most advanced Gemini models.Google DeepMind engineer and former CEO and founder of Windsurf, Varun Mohan, said in an X post that the company noticed “malicious usage” that led to service degradation.“We’ve been seeing a massive increase in malicious usage of the Antigravity backend that has tremendously degraded the quality of service for our users. We needed to find a path to quickly shut off access to these users that are not using the product as intended. We understand that a subset of these users were not aware that this was against our ToS [Terms of Service] and will get a path for them to come back on but we have limited capacity and want to be fair to our actual users,” the post said. A Google DeepMind spokesperson told VentureBeat that the move is not to permanently ban the use of Antigravity to access third-party platforms, but to align its use with the platform’s terms of service. Unsurprisingly, Google’s move has caused a furor among OpenClaw users, including from OpenClaw creator Peter Steinberger, who announced that OpenClaw will remove Google support as a result. Infrastructure and connection uncertaintyOpenClaw emerged as a way for individual users to run shell commands and access local files, fulfilling a major promise of AI agents: efficiently running workflows for users. But, as VentureBeat has frequently pointed out, it can often run into security and guardrail issues. There are companies building ways for enterprise customers to access OpenClaw securely and with a governance layer, though OpenClaw is so new that we should expect more announcements soon.However, Google’s move was not framed as a security issue but rather as one of access and runtime, further showing that there is still significant uncertainty when users want to bring in something like OpenClaw into their workflow. This is not the first time developers and power users of agentic AI found their access curtailed. Last year, Anthropic throttled access to Claude Code after the company claimed some users were abusing the system by running it 24/7. What this does highlight is the disconnect between companies like Google and OpenClaw users. OpenClaw offered many interesting possibilities for creating workflows with agents. However, because it is continually evolving, users may inadvertently run afoul of ToS or rate limits. Mohan said Google is working to bring the banned users back, but whether this means the company will amend its ToS or figure out a secure connection between OpenClaw agents and Antigravity models remains to be seen. For developers, the message is clear: the era of "bring your own agent" to a frontier model is ending. Providers are now prioritizing vertically integrated experiences where they can capture 100% of the telemetry and subscription revenue, often at the expense of the open-source interoperability that defined the early days of the LLM boom.Affected usersSeveral users said on both the Y Combinator chat boards and X that they no longer had access to their Google accounts after running OpenClaw instances for certain Google products. Google’s move mirrors a broader industry shift toward "walled garden" agent ecosystems. Earlier this year, Anthropic introduced "client fingerprinting" to ensure that its Claude Code environment remains the exclusive interface for its models, effectively locking out third-party wrappers like OpenClaw. For developers, the message is clear: the era of "bring your own agent" to a frontier model is ending. Providers are now prioritizing vertically integrated experiences where they can capture 100% of the telemetry and subscription revenue, often at the expense of the open-source interoperability that defined the early days of the LLM boom.Some have said they will no longer use Google or Gemini for their projects. Right now, people who still want to keep using Antigravity will need to wait until Google figures out a way for them to use OpenClaw and access Gemini tokens in a manner Google deems “fair.” Google DeepMind reiterated that it had only cut access to Antigravity, not to other Google applications. Conclusion: the enterprise takeawayFor enterprise technical decision-makers, the "Antigravity Ban" serves as a definitive case study in the risks of agentic dependency. As the industry moves from chatbots to autonomous agents, the following realities must now dictate strategy:Platform fragility is the new normal: The sudden lockout of $250/month "Ultra" users proves that even high-paying enterprise customers have little leverage when a provider decides to change its "fair use" definitions. Relying on OAuth-based third-party wrappers for core business logic is now a high-risk gamble.The rise of local-first governance: With OpenClaw moving toward an OpenAI-backed foundation and Google/Anthropic tightening their clouds, enterprises should prioritize agent frameworks that can run "local-first" or within VPCs. The "token loophole" that OpenClaw exploited is being closed; future agentic scale will require direct, high-cost API contracts rather than subsidized consumer seats.Account portability as a requirement: The fact that users "lost access to their Google accounts" underscores the danger of bundling development environments with primary identity providers. Decision-makers should decouple AI development from core corporate identity (SSO) where possible to avoid a single ToS violation paralyzing an entire team's communications.Ultimately, the Antigravity incident marks the end of the "Wild West" for AI agents. As Google and OpenAI stake their claims, the enterprise must choose between the stability of the walled garden or the complexity (and cost) of truly independent, self-hosted infrastructure.

#TECH
Galaxy Book6 Series Wins Top Reviews for Unmatched Performance
samsungglobal44d ago

Galaxy Book6 Series Wins Top Reviews for Unmatched Performance

The reviews are in: Samsung’s Galaxy Book6 is setting a new standard for performance-driven PCs. Built around the fundamentals that matter most, Galaxy Book6 delivers powerful performance, long-lasting battery life, advanced display technology and AI-driven productivity. In the last few weeks, journalists have put Galaxy Book6 to the ultimate test with hands-on reviews. They found [...]

#TECH
Bitcoin Wipes Out Gains, Sentiment Sinks To Historic Fear: Analysts
newsbtc44d ago

Bitcoin Wipes Out Gains, Sentiment Sinks To Historic Fear: Analysts

Bitcoin’s recent wobble has traders on edge, but the picture is not all one-way. Reports note heavy losses for late buyers, and on-chain figures show real money changing hands as positions are forced closed. Markets moved fast; the mood did too. Related Reading: XRP Flashes Rare On-Chain Signal That Once Preceded 114% Gains Fear And Greed Plunges To Single Digits According to CoinGlass, more than 144,839 traders were liquidated in the last 24 hours, with total liquidations of over $508 million and about 92% tied to long bets. Reports from Alternative.me put the Crypto Fear and Greed Index at 5 out of 100 — a reading that has turned up only three times since 2018. That level screams panic. Yet panic often clears out the most fragile holders and leaves room for steadier hands to step in. Realized Losses And Capitulation Signals Based on reports from Glassnode, recent investors are still booking losses at a high rate — the seven-day moving average for net realized losses was close to $500 million per day. That kind of selling pressure looks brutal on a chart. At the same time, selling at scale can mark an end to a sharp phase of decline, because it reduces the number of people left to sell when prices fall further. Bitcoin Price Action In the middle of all this, price moves matter. Bitcoin rose to roughly $68,600 on Saturday, but it slid back and touched the mid-$64,000s after a wave of exits. Traders are watching a range that formed after the early-February drop to about $60,000. The coin remains roughly 48% below an October high of $126,000 and about 5.5% under the 2021 peak near $69,000. News tied to US-Iran tension and general risk-off trading pushed some traders toward safer assets, which added fuel to the pullback. Sharpe Ratio Hits Unusual Low Analyst Michaël van de Poppe shared a chart showing Bitcoin’s Sharpe Ratio at -38.4. That metric measures returns relative to risk; a number this low is rare. This is a phenomenal chart. It shows the Sharpe Ratio for #Bitcoin in the short term. The key takeaway: the Sharpe Ratio has dropped to -38.38, which historically has marked “Low Risk” accumulation zones. The red circles highlight every time the Sharpe Ratio dipped to similar... pic.twitter.com/Nwp7SkfVP4 — Michaël van de Poppe (@CryptoMichNL) February 21, 2026 Historically, extreme negative readings have sometimes lined up with moments when buying risk felt lower, because potential downside had been squeezed out by big selloffs. That does not guarantee a rebound, but it changes how investors view the trade-off between reward and risk. Related Reading: Political Meme Coins Implode: TRUMP Down 92%, MELANIA Nearly Wiped Out Where This Could Lead Some technical watchers warn that more tests of support could happen if uncertainty continues. Others point to the combination of heavy liquidations, deep fear readings, and large realized losses as signals that a base might be forming. Pasts on-chain figures show that panic and steep losses often precede quieter periods where buyers return slowly. Featured image from Unsplash, chart from TradingView

#TECH
Kohler Unveils Recirculating Smart Shower Promising Major Water Savings
channelnews44d ago

Kohler Unveils Recirculating Smart Shower Promising Major Water Savings

Kohler has introduced a new high-tech shower system designed to significantly cut household water consumption while maintaining strong flow and pressure. The Anthem EvoCycle smart shower is claimed to reduce water usage by up to 80 per cent, using a recirculating filtration process rather than low-flow showerheads. The system is built around a base unit [...]The post Kohler Unveils Recirculating Smart Shower Promising Major Water Savings first appeared on channelnews.

#TECH
S’pore cos to amp up investments in UP as Wong meets Adityanath
dailyexcelsior44d ago

S’pore cos to amp up investments in UP as Wong meets Adityanath

SINGAPORE, Feb 23: Singaporean companies will scale up their presence in Uttar Pradesh, Prime Minister Lawrence Wong emphasised after he met Chief Minister Yogi Adityanath on Monday and the Indian leader secured investment pledges amounting to Rs 6,650 crore on the first day of his visit to the Southeast Asian nation. Companies from his country were investing in Uttar Pradesh in various sectors, particularly logistics, connectivity, and infrastructure development, and there was potential for deeper business and investment linkages, Wong [...]The post S’pore cos to amp up investments in UP as Wong meets Adityanath appeared first on Daily Excelsior.

#ECONOMY
‘Quality must define India’s manufacturing future,’ says Piyush Goyal
dailyexcelsior44d ago

‘Quality must define India’s manufacturing future,’ says Piyush Goyal

NEW DELHI, Feb 23: Commerce and Industry Minister Piyush Goyal on Monday asserted that quality must become the cornerstone of India’s manufacturing and export strategy, stating that the country’s ambition to become a USD 30-35 trillion economy by 2047 hinges on embedding world-class standards across sectors. Addressing the first National Quality Conclave organised by the Department for Promotion of Industry and Internal Trade in collaboration with the Quality Council of India, Goyal said Prime Minister Narendra Modi’s vision of “Zero [...]The post ‘Quality must define India’s manufacturing future,’ says Piyush Goyal appeared first on Daily Excelsior.

#ECONOMY