Breaking Tech: Feb 5 (5 stories)
Thursday, 5 Feb 2026 Daily Technology GLOBAL
Here is your Daily summary for Technology across the world for Thu 5th February 2026
Tech companies are feeling the heat as pressure mounts to demonstrate the tangible benefits of their AI investments. This scrutiny comes amid a surge in AI valuations, exemplified by ElevenLabs, which has skyrocketed to an $11 billion valuation after a recent funding round. Meanwhile, Cerebras Systems has raised $1 billion, pushing its valuation to $23 billion, as it aims to compete with industry giant Nvidia.
In cybersecurity news, hackers from the group ShinyHunters have leaked personal data from breaches at Harvard and the University of Pennsylvania, raising concerns about data security in academia. Additionally, French authorities have detained four individuals suspected of spying for China, allegedly targeting Elon Musk's Starlink satellite service, highlighting ongoing global tensions in tech espionage.
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Has The AI Reckoning Arrived?
Bloomberg Technology 4 Feb 2026, 8:13pmOn today’s Big Take podcast: Sarah Frier and Sarah Holder break down why the pressure is building on tech companies to prove their AI investment will pay off — and soon bit. (Source: Bloomberg)
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AI Startup ElevenLabs More Than Triples Valuation to $11 Billion
Bloomberg Technology 4 Feb 2026, 5:29pmElevenLabs, a startup using artificial intelligence to create a wide range of realistic voices, has more than tripled its valuation from a year ago to $11 billion in a fundraising round.
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Cerebras Raises $1 Billion in Funding at $23 Billion Value
Bloomberg Technology 4 Feb 2026, 4:03pmAI chip provider Cerebras Systems Inc. has raised about $1 billion in a new funding round, bolstering the company’s efforts to compete with Nvidia Corp.
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Hackers publish personal information stolen during Harvard, UPenn data breaches
TechCrunch 4 Feb 2026, 5:56pmThe prolific cybercrime group ShinyHunters took responsibility for hacking Harvard and the University of Pennsylvania, and published the stolen data on its extortion website.
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France Detains Four Suspected of Spying on Starlink for China
Bloomberg Technology 4 Feb 2026, 5:23pmFrench authorities detained four people accused of spying for China in tech espionage allegedly targeting Elon Musk’s satellite Internet provider Starlink.