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Techmeme

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

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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)

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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.)

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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)

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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)

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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)

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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)

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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)

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IDC expects shipments of PCs could shrink by up to 9% YoY in 2026 due to global memory shortages, as demand from AI data centers continues to outstrip supply (Zak Killian/Tom's Hardware)

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Two ex-staffers of cybersecurity incident response companies Sygnia and DigitalMint plead guilty to targeting US companies in 2023's BlackCat ransomware attacks (Sergiu Gatlan/BleepingComputer)

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Sources: Nvidia is in advanced talks to acquire Tel Aviv-based AI21, which is building its own LLMs, for $2B to $3B; the deal would resemble an acquihire (CTech)

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Z.ai launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong (Themis Qi/South China Morning Post)

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Meta just bought into the enterprise market with its Manus deal, which may eventually help it expand into cloud offerings like those of its Big Tech peers (M.G. Siegler/Spyglass)

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Sources: SoftBank has completed its $40B investment in OpenAI (Samantha Subin/CNBC)

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China's draft AI rules have measures to protect kids, like time limits and parental consent, ban gambling promotion content, and add suicide chats restrictions (Osmond Chia/BBC)

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Sources: MiniMax has secured backing from Alibaba and the Abu Dhabi Investment Authority, among others, for its upcoming Hong Kong IPO in January (Bloomberg)

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Sources: China is requiring chipmakers to use at least 50% domestically made equipment for adding new capacity, in a rule that is not publicly documented (Reuters)

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Sources, PitchBook data, and news reports show the AI boom has produced new billionaires from smaller startups, including Perplexity, Figure AI, and SSI (Natallie Rocha/New York Times)

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Sources: Satya Nadella has overhauled Microsoft's senior leadership this year as the company faces intense competition from Google, Amazon, and others (Rafe Rosner-Uddin/Financial Times)

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Fast delivery apps like Blinkit, Zepto, and Swiggy are expanding into India's Tier 2 and Tier 3 cities, driven by rising incomes and cheap smartphones and data (Bloomberg)

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Sources: the US has granted an annual license to Samsung and SK Hynix to ship their chip manufacturing equipment to their facilities in China for 2026 (Hyunjoo Jin/Reuters)

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Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan (Wall Street Journal)

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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)

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Shenzhen-based OneRobotics opened flat in its Hong Kong debut after the Chinese home robotics maker raised $210M by selling 22M+ shares at about $9.50 each (Nikkei Asia)

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AI drug discovery startup Insilico rose 45% in its Hong Kong trading debut after raising $293M in an IPO; Insilico reported $85M+ in 2024 revenue (Bloomberg)

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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)

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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)

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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)

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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)

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Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent for SMBs; Manus said earlier in December its annual revenue run rate was $125M+ (Bloomberg)

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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)

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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)

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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)

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Michał Kiciński, co-founder of CD Projekt and DRM-free digital games store GOG, acquires 100% ownership of GOG from CD Projekt and signs a distribution deal (Vikki Blake/Eurogamer.net)

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