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  • Sat Nov 29

Sources: Meta is buying Manus for $2B+, after approaching the startup during a fundraising at a $2B valuation; Manus CEO Xiao Hong will report to Javier Olivan (Wall Street Journal)

33m
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Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and "will discontinue its services and operations in China" (Nikkei Asia)

2h
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Shares of Shenzhen-based OneRobotics opened flat in their HK debut after the Chinese home robotics maker raised $210M by selling 22M+ shares at about $9.50 each (Nikkei Asia)

2h
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Shares of Insilico rose 45% in their Hong Kong trading debut after the AI drug discovery startup raised $293M in an IPO; Insilico reported $85M+ in 2024 revenue (Bloomberg)

2h
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Samsung, up 125%, and SK Hynix, up 268%, accounted for nearly half of the 76% gain in South Korea's Kospi, the world's best-performing major stock index in 2025 (Youkyung Lee/Bloomberg)

3h
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Driven by the AI boom, chipmakers posted $400B+ in sales in 2025; FactSet projects revenue for Nvidia, Intel, Broadcom, AMD, and Qualcomm to reach $538B in 2026 (Wall Street Journal)

3h
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Meta says it will continue to operate and sell the Manus service, and Manus' talent will join Meta to deliver agents across Meta products, including Meta AI (Meta)

5h
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UK-based Octopus Energy reaches a deal to sell about $1B of equity in Kraken Technologies, its tech spin-off, at an $8.65B valuation to a syndicate of investors (Financial Times)

6h
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Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent it sells to SMBs; Manus said in December its annual revenue run rate was $125M+ (Kurt Wagner/Bloomberg)

7h
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How diamonds are being converted to quantum sensors by inserting tiny imperfections, opening up potential uses in medicine, brain-computer interfaces, and more (Financial Times)

8h
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A look at the rift in the Democratic party over AI and data centers, as pro-business Democrats oppose the fiery, anti-AI politics of the progressive wing (Calder McHugh/Politico)

9h
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How Japan's viral horse racing game Umamusume, developed by Cygames, passed 30M downloads in Asia, spurring anime adaptations, concerts, and new racetrack fans (Katria Alampay/Bloomberg)

10h
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Michał Kiciński, co-founder of CD Projekt and DRM-free digital games store GOG, has acquired 100% of the shares in GOG from CD Projekt (Vikki Blake/Eurogamer.net)

12h
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China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned; SMNC focuses on 12" integrated circuit wafers (Reuters)

14h
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Samsung and Google partner to bring Google Photos to TizenOS-powered TVs, launching in March 2026 and showing curated memories, ahead of CES 2026 (Rajesh Pandey/Android Police)

15h
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SoftBank agrees to acquire NYSE-listed DigitalBridge, a PE firm that invests in data centers and digital infrastructure operators, for $4B, including debt (Bloomberg)

15h
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Sources detail how JD Vance, David Sacks, and others brokered a fragile truce between President Trump and Elon Musk, who threatened to fund an America Party (Washington Post)

16h
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ACCA, the world's largest accounting body, says it is ending remote exams to combat a rise in students cheating by using AI tools when taking tests (Ellesheva Kissin/Financial Times)

16h
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SEC filing: Nvidia acquires Intel shares worth $5B, carrying out a transaction announced in September, buying 214.7M shares for $23.28 each (Arsheeya Bajwa/Reuters)

17h
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China's central bank unveils an overhaul of its digital yuan framework, including saying that commercial banks will soon begin paying interest on holdings (Timmy Shen/The Block)

17h
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Coupang says it is offering $1B+ in compensation to all 33.7M customers affected by South Korea's biggest-ever data breach, after an ex-staffer accessed data (Shinhye Kang/Bloomberg)

18h
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Framework says it is raising DDR5 RAM prices to charge $10 per GB, after a price hike earlier in December due to "substantially higher costs" amid the AI boom (Emma Roth/The Verge)

18h
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PitchBook: the biggest US private startups raised $150B in 2025, surpassing the previous high of $92B in 2021, boosted by large funding rounds by AI startups (George Hammond/Financial Times)

19h
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A Kapwing study of the 15,000 top YouTube channels finds 278 of them have only posted AI-generated "slop" videos, amassing 63B+ views and 221M+ subscribers (Aisha Down/The Guardian)

20h
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Sources: SoftBank is in advanced talks to buy NYSE-listed DigitalBridge, a private equity firm that invests in data centers and digital infrastructure operators (Bloomberg)

20h
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Since the GENIUS Act's passage in July, the total value of stablecoins circulating rose from ~$250B to $300B+, as they become the "respectable" face of crypto (Joel Khalili/Wired)

20h
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Sources and a memo: the US DOJ is using a novel reading of a federal anti-fraud law to probe contractors, including Google and Verizon, over their DEI programs (Lydia Wheeler/Wall Street Journal)

1d
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In 2025, Big Tech got almost everything it wanted from President Trump, as he backs policies that let the industry grow unfettered, worrying some conservatives (Cecilia Kang/New York Times)

1d
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How tech worker activism has grown more cautious as companies crack down and once-privileged workers realize they don't have much leverage (Noam Scheiber/New York Times)

1d
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Global hotel groups are intensifying efforts to get customers to book directly, as they seek to save on online platform commissions and prepare for AI agents (Stephanie Stacey/Financial Times)

1d
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Lou Gerstner, a former IBM CEO and chairman credited with turning the company around, died at 83; IBM's market value rose from $29B to ~$168B during his tenure (Patrick Oster/Bloomberg)

1d
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How executives at humanoid robot startups like Agility Robotics and Weave Robotics are managing safety risks and tempering expectations for the technology (Sean McLain/Wall Street Journal)

1d
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Tracxn: VC funding for Indian startups fell 17%+ YoY to $10.5B in 2025 across 1,518 deals, down ~39% YoY; AI startups raised $643M, up 4% YoY, across 100 deals (Jagmeet Singh/TechCrunch)

1d
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US data center developers, facing grid access wait times of up to seven years, are turning to aeroderivative turbines and diesel generators to power the AI boom (Martha Muir/Financial Times)

1d
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Bengaluru-based quick grocery delivery startup Zepto confidentially files for a ~$1.3B India IPO; Zepto raised $450M at a $7B valuation in October 2025 (Pranav Mukul/The Economic Times)

1d
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Ubisoft reopens Rainbow Six Siege after shutting down the server amid a breach exploiting the game's internal systems, and says the Marketplace remains closed (Lawrence Abrams/BleepingComputer)

1d
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Sam Altman says OpenAI is seeking a new Head of Preparedness, noting "the potential impact of models on mental health was something we saw a preview of in 2025" (Cheyenne MacDonald/Engadget)

1d
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Sources: ~90% of Groq employees will join Nvidia and be paid cash for all vested shares; most shareholders will get per-share payouts tied to the $20B valuation (Dan Primack/Axios)

2d
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ChatGPT told a teen who died by suicide to call for help 74 times over months but also used words like "hanging" and "suicide" very often, say family's lawyers (Washington Post)

2d
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China's draft rules on the use of human-like AI would require companies to inform users they are dealing with AI when they log on and at two-hour intervals (Bloomberg)

2d
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A profile of the Digital Security Helpline, run by Access Now, which gives 24/7 help to reporters and others who suspect they are victims of government spyware (Lorenzo Franceschi-Bicchierai/TechCrunch)

2d
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Q&A with Edison Scientific CEO Sam Rodriques about Kosmos, Edison's AI tool for scientific research, why AI probably won't cure diseases anytime soon, and more (New York Times)

2d
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A look at Chinese food delivery giant Meituan's subsidy war with Alibaba and JD.com, leading Meituan to a big Q3 loss and internal debate over global expansion (Eleanor Olcott/Financial Times)

2d
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A study finds that foreign direct investment accounts for 98% of Vietnam's electronics exports, "signaling limited technology spillovers" to the local economy (Lien Hoang/Nikkei Asia)

2d
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The European Commission claims €80B of €120B in post-EU Chips Act investments remain on track, despite the stalled GlobalFoundries-STMicro project in France (Virginie Malingre/Le Monde)

2d
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Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-time 5% tax on those with $1B+ in assets (New York Times)

2d
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As inference splits into prefill and decode, Nvidia's Groq deal could enable a "Rubin SRAM" variant optimized for ultra-low latency agentic reasoning workloads (Gavin Baker/@gavinsbaker)

2d
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ServiceNow has spent $12B+ on acquisitions and investments in 2025 amid concerns about revenue growth, projected to fall below 20% in 2026 without acquisitions (Brody Ford/Bloomberg)

2d
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Facing disruption from GenAI, the $250B Indian IT industry has adapted by focusing on preparatory work AI requires, such as data cleanup and system integration (Manish Singh/India Dispatch)

2d
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Despite Palantir's high trailing P/E ratio of ~450, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)

3d
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Entries updated Dec 29, 2025 06:15:36 PM PST

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