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  • Tue Dec 2

Baidu's AI chip unit Kunlunxin confidentially files for a Hong Kong IPO, paving the way for a spin-off; a recent fundraising reportedly valued it at ~$3B (Sneha Kumar/Reuters)

1h
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SpaceX plans to lower its Starlink satellites from orbiting at ~550km to ~480km in 2026 to improve space safety and reduce the likelihood of debris collisions (Rishabh Jaiswal/Reuters)

2h
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Brookfield is starting cloud company Radiant and a new $10B AI fund, after saying it plans to acquire up to $100B in land, data centers, and power assets for AI (Miles Kruppa/The Information)

4h
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How AI automation can fulfill Thomas Piketty's predictions on rising economic inequality, and why highly progressive taxes on capital can help slow the spiral (Philosopher Count)

6h
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A look at US tech laws coming in 2026, like California's SB 53 AI transparency law and Virginia's new social media limits for minors, effective from January 1 (Adi Robertson/The Verge)

7h
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Ukraine has become a live-fire test range for AI drones like the Bumblebee, provided by a secretive Eric Schmidt-led venture, raising alarms in Kremlin circles (C.J. Chivers/New York Times)

9h
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DeepSeek researchers detail mHC, a new architecture they used to train 3B, 9B, and 27B models, finding it scaled without adding significant computational burden (Vincent Chow/South China Morning Post)

10h
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Sources: OpenAI is taking steps to improve its audio AI models, in preparation for its AI-powered personal device, which is expected to be largely audio-based (Stephanie Palazzolo/The Information)

11h
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Startups have started to offer free nicotine pouches as a perk, as some employees claim the products help them focus during the workday, despite health hazards (Angel Au-Yeung/Wall Street Journal)

12h
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A look at the rise of AI companionship apps; a researcher found 206 on Apple's App Store and 253 on Google Play, with a total of 220M+ downloads as of July 2025 (Financial Times)

14h
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Hundreds of megawatts of new data center capacity are being planned for Vernon, a town near LA, which is a key US-Asia cable-linking hub and is becoming crowded (Nilesh Christopher/Los Angeles Times)

17h
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Sources: SpaceX, OpenAI, and Anthropic could all go public in 2026; those three deals alone would outstrip the total proceeds from the ~200 US IPOs in 2025 (George Hammond/Financial Times)

19h
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Hong Kong's benchmark Hang Seng Index rose 28% in 2025, its best percentage performance since 2017, driven by tech and Hong Kong reclaiming the top spot in IPOs (Wall Street Journal)

19h
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Analysts and manufacturers warn that smartphone, PC, and consumer electronics prices could rise by up to 20% in 2026, as AI demand drives up memory chip costs (Song Jung-a/Financial Times)

19h
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Report: China-based Moonshot AI, which makes Kimi AI models, raised a $500M Series C at a $4.3B valuation led by IDG Capital; Alibaba and Tencent also invested (Iris Deng/South China Morning Post)

20h
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Some LLM takeaways for 2025: reasoning as a signature feature, coding agents were useful, subscriptions hit $200/month, and Chinese open-weight models impressed (Simon Willison/Simon Willison's Weblog)

20h
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IDC expected Apple to ship just 45,000 units of the Vision Pro in Q4 2025; Sensor Tower said Apple cut digital ad spend for the headset by 95% in 2025 (Michael Acton/Financial Times)

20h
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How AI labs are deploying on-site gas generators for power as the US electric grid struggles to keep pace with the growing demands of AI infrastructure (SemiAnalysis)

23h
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Elon Musk says Neuralink plans to start "high-volume production" of brain-computer interface devices and move to an almost automated surgical procedure in 2026 (Reuters)

1d
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Adam Mosseri details trends shaping Instagram and says it'll be more practical to authenticate real media than label AI, as AI gets better at imitating reality (Karissa Bell/Engadget)

1d
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The FBI says fraudsters bilked Americans out of $333.5M via bitcoin ATM scams from January through November 2025, up from roughly $250M in 2024 (Lucien Bruggeman/ABC News)

1d
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Thiel Capital opens an office in Miami, as Peter Thiel and others reportedly look to cut ties with California over a proposed ballot measure to tax billionaires (Biz Carson/Bloomberg)

1d
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TSMC says the US government has granted the company an annual license to import US chip manufacturing equipment to its facilities in Nanjing, China (Reuters)

1d
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Internal docs reveal Meta's tactics to fend off pressure to crack down on scammers, including efforts to make scam ads "not findable" for regulators and others (Jeff Horwitz/Reuters)

1d
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Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively (Himanshi Akhand/Reuters)

1d
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Unsealed documents detail a US operation that stopped the alleged smuggling of $160M worth of Nvidia H100 and H200 GPUs to China between Oct. 2024 and May 2025 (CNBC)

1d
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Sources: Uber is in talks to acquire the parking space reservation app SpotHero; the parking app was last valued at $290M (The Information)

1d
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Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain (Emily Nicolle/Bloomberg)

1d
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Finland seizes a ship suspected of damaging an undersea cable linking Helsinki and Estonia in the Gulf of Finland; Estonia says a second cable was also damaged (Essi Lehto/Reuters)

1d
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Dealroom: 76 European deep tech and life sciences companies spun out from universities reached $1B valuations or $100M in revenue in 2025, or both (Anna Heim/TechCrunch)

1d
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How the AI data center boom boosted Caterpillar's power and energy unit; generator sales are up 28% YoY through Sept. 2025, after growing 22% to $7.8B in 2024 (Bob Tita/Wall Street Journal)

1d
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Sources: Nvidia has approached TSMC to ramp up H200 chip production; Chinese companies have placed orders for 2M+ H200 chips for 2026, while Nvidia holds 700K (Reuters)

1d
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Filing: China's top DRAM maker CXMT plans to raise $4.2B in a Shanghai IPO; CXMT held a 4% global share in Q2 2025 and targets HBM production by the end of 2026 (Reuters)

1d
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Data storage stocks led the S&P 500 in 2025, with SanDisk up 560%+ to become the top performer, followed by Western Digital in second and Seagate in fourth (Carmen Reinicke/Bloomberg)

1d
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OpenAI financial data: its stock-based pay averaged ~$1.5M per employee in 2025, ~7x Google pre-IPO and ~34x the average pay of other pre-IPO peers, per Equilar (Wall Street Journal)

1d
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Chinese AI firms are leading a wave of IPOs in Hong Kong, where at least 25 companies debuted in December 2025, the busiest month for deals since November 2019 (Jeanny Yu/Bloomberg)

1d
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Filing: Chinese chip designer OmniVision Integrated Circuits seeks to raise up to ~$617M in a Hong Kong IPO; HKEX: Hong Kong IPOs have raised ~$36B in 2025 (Sneha Kumar/Reuters)

1d
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Sources: bids for GroqCloud, Groq's AI inference platform, are expected to exceed $1B after Nvidia's $20B non-exclusive licensing agreement with Groq (Kate Clark/Wall Street Journal)

1d
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Trump Mobile delays plan to launch its gold-coloured smartphone, initially promised for August 2025, saying the recent US government shutdown delayed deliveries (Michael Acton/Financial Times)

1d
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How Manus distanced itself from its Chinese roots to court US investors; a source says Meta's $2.5B deal includes a $500M retention pool for Manus' employees (Wall Street Journal)

1d
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Japanese NAND flash memory maker Kioxia is up 500%+ in 2025 so far, outperforming all other MSCI World Index members, after its Tokyo IPO debut in December 2024 (Alice French/Bloomberg)

1d
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Filing: Chinese chipmaker GigaDevice aims to raise up to ~$600M in a Hong Kong IPO, offering 28.9M shares at up to ~$21 each (Nichiket Sunil/Reuters)

1d
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Kalshi and Polymarket have partnered with social media accounts purporting to be breaking news reporters, some of which have repeatedly posted false information (Jordy Fee-Platt/The Athletic)

2d
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Sources: ByteDance plans to spend about $14B on Nvidia's AI chips in 2026, an increase of about 18% from 2025 (Wency Chen/South China Morning Post)

2d
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SoftBank says it has completed a $22.5B investment in OpenAI, finalizing its up to $40B investment commitment announced in March and taking its stake to ~11% (SoftBank Group Corp.)

2d
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Filing: Chinese AI startup MiniMax seeks to raise up to ~$538.5M in a Hong Kong IPO, offering 25.4M shares at a price range of ~$19.40 to ~$21.20 per share (Shivangi Lahiri/Reuters)

2d
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The US Treasury has lifted sanctions on three executives tied to spyware maker Intellexa, reversing a designation imposed by the Biden administration in 2024 (Suzanne Smalley/The Record)

2d
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Elon Musk says xAI bought a third building called "MACROHARDRR", reportedly adjacent to Colossus 2, that will take the company's training compute to almost 2GW (Kurt Wagner/Bloomberg)

2d
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A reflection on AI advances in the past decade and how scaling and time-horizon trends might point to far greater capabilities in the decade ahead (Zhengdong Wang)

2d
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Review of Samsung's Galaxy Z TriFold: sturdy but poor camera performance and has some unique design flaws that make it even less polished than regular foldables (Vlad Savov/Bloomberg)

2d
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Entries updated Jan 1, 2026 03:50:50 PM PST

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