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Wed Dec 17
Polygon buys crypto startups Coinme and Sequence for a total of $250M+, as it seeks to bolster its stablecoin and fintech infrastructure and compete with Stripe (Ben Weiss/Fortune)
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Sources: Amazon is seeking supplier discounts, from low single digits to 30%, as it moves to reverse concessions made to limit the shock of Trump's tariffs (Rafe Rosner-Uddin/Financial Times)
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Sources: AI chip startup Etched raised $500M led by Stripes at a $5B valuation, bringing its total funding to almost $1B (Dina Bass/Bloomberg)
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Anthropic shakes up its C-suite: CPO Mike Krieger will become the co-lead of its Labs incubator, and head of product Ami Vora will take over Krieger's duties (Hayden Field/The Verge)
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Roblox's AI-powered age verification system, which expanded globally last week using tech from a company called Persona, faces criticism for misidentifying ages (David Gilbert/Wired)
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Mercedes pauses the rollout of Drive Pilot, a Level 3 "eyes off" driving feature available in Europe and the US, citing low demand and high production costs (Andrew J. Hawkins/The Verge)
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The US Senate passes the Defiance Act that would allow victims to sue over nonconsensual, sexually explicit AI-generated images, amid furor over Grok images (Bloomberg)
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The US FCC waives a rule that forced Verizon to unlock phones 60 days after they are activated, which could make it harder for people to switch from Verizon (Jon Brodkin/Ars Technica)
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Taiwan issues an arrest warrant for OnePlus CEO Pete Lau for allegedly illegally hiring 70+ Taiwanese engineers, as it tries to stop China from raiding workers (Li Liu/Bloomberg)
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A look at Confer, an open-source AI assistant project from Signal creator Moxie Marlinspike that is designed to provide end-to-end encryption for AI chats (Dan Goodin/Ars Technica)
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Google makes improvements to Veo 3.1's Ingredients to Video feature to make videos "more expressive", and adds native vertical video generation and 4K upscaling (Jess Weatherbed/The Verge)
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Sources: India asked quick commerce companies to drop their 10-minute delivery promise due to concerns about rider safety; Blinkit already removed the assurance (Bloomberg)
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Sources: China has told some tech companies that it would only approve Nvidia H200 chip purchases under special circumstances, such as for university research (Qianer Liu/The Information)
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Flip, which offers an Alexa-like voice AI experience for businesses, raised a $20M Series A, bringing its total funding to $31M (Mary Ann Azevedo/Crunchbase News)
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Governor Gavin Newsom says he has been negotiating for four months to neutralize California's wealth tax ballot proposal; a compromise does not appear imminent (Politico)
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Onebrief, which makes AI-powered military workflow software, raised a $200M Series D, nearly doubling its valuation from $1.1B to $2.1B in about half of a year (Colin Demarest/Axios)
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CrowdStrike acquires Israel-based browser security startup Seraphic, a source says for ~$400M; Seraphic was founded in 2020, employs 50+, and had raised ~$37M (Meir Orbach/CTech)
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Austin-based webAI, which is building AI models that run locally on devices, raised "high double-digit" millions in a Series A at a $2.5B pre-money valuation (Dan Primack/Axios)
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Sources: CoinGecko, a prominent crypto market data and analytics company, is seeking a potential sale for ~$500M, after starting the sales process in late 2025 (Will Canny/CoinDesk)
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Sources: Meta and EssilorLuxottica are discussing potentially doubling Ray-Ban Meta production capacity to 20M+ units by the end of 2026 or even as high as 30M+ (Bloomberg)
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Sources: carmakers have found a workaround for chip shortages amid Nexperia's internal battle, buying wafers from its Dutch arm and then shipping them to China (Financial Times)
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Apple unveils Apple Creator Studio, a "groundbreaking collection" of creative apps like Final Cut Pro, Logic Pro, and Pixelmator Pro for $13/month or $129/year (Chance Miller/9to5Mac)
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Meta confirms it is laying off Reality Labs staff and will "reinvest the savings" in wearables; CTO Andrew Bosworth says 1,000+ staff will be notified Tuesday (Kurt Wagner/Bloomberg)
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Latin American VC funding rose 14.3% YoY in 2025 to $4.1B, with early-stage investment up 31.9% YoY to nearly $2B and late-stage/growth deals reaching $1.63B (Mary Ann Azevedo/Crunchbase News)
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Deepgram, which is building enterprise voice-recognition tech, raised a $130M Series C led by AVP at a $1.3B valuation, taking its total funding to $215M (Ivan Mehta/TechCrunch)
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Microsoft changes its data center approach, pledging to pay its own power costs, reject tax breaks, and replenish more water than it uses, amid local opposition (Todd Bishop/GeekWire)
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Crypto scams received $14B+ on-chain in 2025, up from 2024's $12B and potentially rising to $17B+ as more wallets are found; impersonation scams jumped 1,400% (Chainalysis)
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Salesforce makes Slack's new AI-powered Slackbot generally available, helping users answer workflow questions, draft documents, schedule meetings, and more (Sabrina Ortiz/ZDNET)
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Netflix CTO Elizabeth Stone and other execs discuss the challenges Netflix faces in streaming live events, after broadcasting 200+ live events since March 2023 (Isabelle Bousquette/Wall Street Journal)
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IDC: global PC shipments rose 9.6% YoY to 76.4M units in Q4 2025, helped by Microsoft ending Windows 10 support and OEMs pulling forward inventory amid tariffs (Tom Warren/The Verge)
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Boston- and Tel Aviv-based Converge Bio, which uses AI trained on molecular data to help pharma and biotech companies develop drugs, raised a $25M Series A (Kate Park/TechCrunch)
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NYC-based Proxima, which uses AI to design drugs that control protein interactions, raised an $80M seed led by DCVC, with participation from Nvidia and others (Agnee Ghosh/Bloomberg)
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Sources: OpenAI plans a 60-second Super Bowl ad during NBC's broadcast, the second straight year of doing so; ad buyers say clients pay $8M+ for just 30 seconds (Suzanne Vranica/Wall Street Journal)
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Interviews with Spotify founder Daniel Ek on his CEO exit, and new co-CEOs Gustav Söderström and Alex Norström, who face algorithmic fatigue and angry artists (Ashley Carman/Bloomberg)
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Warhammer maker Games Workshop says it banned its staff from using AI in its content or designs and it is taking a "very cautious" approach to protect its IP (Philip Stafford/Financial Times)
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Sources: Google will start developing and making high-end Pixel phones like the Pro and Fold from scratch in Vietnam in 2026; the Pixel A remains in China (Lauly Li/Nikkei Asia)
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A profile of Eric Migicovsky's Core Devices, a five-person company that he says is "not a startup" and aims to be "sustainable", as it builds new Pebble devices (Sarah Perez/TechCrunch)
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PJM, the nonprofit operator for a 13-state power grid across the US, expects 4.8% average annual power growth over the next decade driven by the AI boom (Wall Street Journal)
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The US House passes a bipartisan bill to expand US export controls to restrict Chinese companies' remote access to US AI chips from data centers outside China (Juro Osawa/The Information)
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Researchers at OpenAI, Anthropic, and others are studying LLMs like living things, not just software, to uncover some of their secrets for the first time (Will Douglas Heaven/MIT Technology Review)
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A look at WhatsApp's enormous global reach and influence, and how the messaging app became the dominant platform for everyday conversation worldwide (Sam Knight/New Yorker)
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Microsoft warns Chinese companies, especially DeepSeek, are winning AI adoption outside the West, gaining significant market share in the Global South (Cristina Criddle/Financial Times)
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The NYC token, launched by ex-New York City Mayor Eric Adams on January 12, saw its market cap drop from ~$600M to ~$100M after suspicious liquidity activity (Decrypt)
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Sources: Balderton cashed out ~$2B of its Revolut stake in the past year, turning an early £1M bet into a historic European VC win; its fifth fund returned 25x (Financial Times)
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Chinese chipmaker GigaDevice rose 54% in its Hong Kong debut after raising ~$600M in its IPO, and reported H1 2025 profit of ~$84M, up 14% from H2 2024 (Bloomberg)
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Nvidia denies that it asked Chinese customers to pay upfront for H200 chips, saying it "would never require customers to pay for products they do not receive" (Reuters)
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A late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state (Mike Solana/Pirate Wires)
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SK Hynix will invest ~$12.9B to build an advanced chip packaging plant in South Korea to meet rising memory chip demand, targeting completion by the end of 2027 (Reuters)
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Trump says Microsoft will "ensure" Americans don't face higher bills due to data centers' power use and Big Tech must "pay their own way" for their data centers (Business Insider)
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Personal finance app Betterment says an individual accessed third-party systems to send fake crypto scam notification and believes the person accessed user info (Emily Mason/Bloomberg)
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