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Wed Dec 24
Snap reaches an agreement to settle a social media addiction lawsuit in California, a week before the start of a trial in the first of several such lawsuits (Cecilia Kang/New York Times)
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Elon Musk and Sam Altman clashed on X after Musk shared a post about a man who committed a murder-suicide following delusional conversations with ChatGPT (Theo Wayt/The Information)
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Netflix's ad revenue hit $1.5B in 2025, up by more than 2.5x vs. 2024, and viewing hours grew 2% YoY in H2, driven by a 9% rise in viewing of branded originals (Dade Hayes/Deadline)
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Netflix reports Q4 revenue up 18% YoY to $12B vs. $11.97B est., 325M paid subs, 2025 revenue up 16% to $45.2B, plans to increase content spend by 10% in 2026 (Lucas Shaw/Bloomberg)
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The US DOJ says at least two DOGE employees accessed Social Security data that was off-limits under a court ruling and shared agency data on third-party servers (April Rubin/Axios)
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The US FTC files a notice to appeal a November 2025 ruling that found Meta did not hold an illegal monopoly by acquiring Instagram and WhatsApp (Jody Godoy/Reuters)
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OpenAI rolls out age prediction on ChatGPT globally to identify users under 18 and apply automatic content protections as it prepares to introduce adult content (Juby Babu/Reuters)
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Filings from Elon Musk's OpenAI lawsuit detail Microsoft's decade-long OpenAI relationship, like establishing a new subsidiary for Sam Altman while he was fired (Todd Bishop/GeekWire)
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xAI co-founder Greg Yang says he is stepping back from the startup into an informal advisory role to focus on his health after being diagnosed with Lyme disease (Carmen Arroyo/Bloomberg)
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Sources: AI inference startup Baseten raised $300M led by IVP and CapitalG at a $5B valuation, more than doubling its previous valuation; Nvidia invested $150M (Kate Clark/Wall Street Journal)
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OpenAI and ServiceNow sign a three-year deal to integrate OpenAI's models into ServiceNow's business software, including using OpenAI's AI agents for IT tasks (Belle Lin/Wall Street Journal)
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World Economic Forum panel: Palantir CEO Alex Karp says AI-driven job displacement will "make it hard to imagine why we should have large-scale immigration" (Shona Ghosh/Bloomberg)
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Netflix adds a real-time voting feature with the premiere of its Star Search reboot, available on mobile, smart TVs, and streaming devices, but not in a browser (Ivan Mehta/TechCrunch)
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Demis Hassabis says Chinese AI companies are about six months behind leading western labs and the response to DeepSeek's R1 in 2025 was a "massive overreaction" (Bloomberg)
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The World Economic Forum in Davos is now dominated by tech giants, whose interests shunt aside topics like climate change, as Trump and AI take center stage (Peter S. Goodman/New York Times)
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Setapp Mobile, one of the first alt iOS app stores launched in 2024 after the EU's DMA, plans to shut down, blaming "still-evolving and complex business terms" (Tim Hardwick/MacRumors)
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Ethernovia, which builds automotive ethernet chips and software, raised a $90M+ Series B led by Maverick Silicon (Duncan Riley/SiliconANGLE)
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Substack challenger Beehiiv expects to nearly double its annual revenue to $50M in 2026; it now has over 40,000 MAUs, including nearly 15,000 paying subscribers (Jaspreet Singh/Reuters)
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Ukraine says it plans to share nearly four years of combat data, including millions of hours of drone footage, with allies to help train AI models (Max Hunder/Reuters)
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Filings: Michael Saylor's Strategy has bought more than $3B in Bitcoin since January 5, marking its biggest two-week purchase since December 2024 (Melos Ambaye/Bloomberg)
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Legal AI startup Ivo, which aims to reduce hallucinations by breaking legal reviews into 400+ tasks, raised a $55M Series B, a source says at a $355M valuation (Aditya Soni/Reuters)
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Nielsen: Christmas Day 2025 set a record for US streaming usage with 55.1B minutes, or 54% of all TV viewing for the day, up by 3.9B minutes on Christmas 2024 (Rick Porter/The Hollywood Reporter)
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Portugal orders Polymarket to stop operations and blocks it in the country after heavy activity tied to its recent presidential election, with €110M+ in volume (Naga Avan-Nomayo/The Block)
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Anthropic CEO Dario Amodei says selling AI chips to China is like "selling nuclear weapons to North Korea" and has "incredible national security implications" (Christina Kyriasoglou/Bloomberg)
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Humans&, founded by ex-Anthropic, xAI, and Google staff to build collaborative AI, raised a $480M seed from Nvidia, Jeff Bezos, and others at a $4.48B valuation (Cade Metz/New York Times)
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Sensor Tower: Reels accounted for 50%+ of all Instagram ads in 2025, up from 35% in 2024; Reels accounted for 46% of time spent on Instagram in the US in 2025 (Zach Vallese/CNBC)
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How Zynga uses a secretive VIP program with personal account managers and exclusive sweepstake entries to keep top players spending on games like FarmVille (Michael Thomsen/New York Times)
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Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing (Brian Stelter/CNN)
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Vibe coding startup Emergent raised a $70M Series B led by Khosla and SoftBank Vision Fund 2, after a $23M Series A in September 2025, and claims 5M+ users (Ben Bergman/Business Insider)
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Meta VP of Public Policy Simon Milner, the company's most senior Asia-Pacific policy executive, plans to leave after 14 years to retire from full-time work (Newley Purnell/Bloomberg)
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Sources: Baidu's Ernie Assistant passes 200M MAUs, as competition intensifies among Chinese tech giants in AI; Ernie is linked to apps like JD.com and Meituan (Jiahui Huang/Wall Street Journal)
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Sources: UK and Chinese security officials set up a forum to discuss cyberattacks after hacking accusations, the first of its kind, to help prevent escalation (Alex Wickham/Bloomberg)
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Sony and TCL sign a non-binding agreement to spin off Sony's TV and home audio hardware business into a new joint venture, aiming to finalize the deal by March (Jess Weatherbed/The Verge)
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Sources: China broadens its probe into Temu owner PDD, dispatching 100+ investigators to its Shanghai HQ, after staff exchanged physical blows with regulators (John Liu/Bloomberg)
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PE firm Everstone combines India's Wingify, which helps A/B test sites, and France's AB Tasty, which improves e-commerce UX; Everstone bought Wingify for $200M (Jagmeet Singh/TechCrunch)
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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)
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A look at South Korea's Independent AI Foundation Model competition, which aims to find the best homegrown AI models, in a bid to compete with the US and China (Yoolim Lee/Bloomberg)
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Sources: ByteDance boosts its cloud via more sales hires and lower prices; IDC: ByteDance had 13% of China's AI cloud market in H1 2025, behind Alibaba's 23% (Eleanor Olcott/Financial Times)
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Pune-based supply chain robotics startup Unbox Robotics raised a $28M Series B in a mix of primary and secondary capital, after raising $15M in earlier rounds (Anjali Jain/Inc42)
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xAI faces a growing outcry from global regulators over Grok's generation of nonconsensual explicit photos, but has faced little regulatory action in the US (Kurt Wagner/Bloomberg)
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Anthropic details the "Assistant Axis", a pattern of neural activity in language models that governs their default identity and helpful behavior (Anthropic)
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The UK Treasury committee says the government and Bank of England's "wait-and-see approach" to AI risks in the financial sector poses "serious harm" to the UK (Kalyeena Makortoff/The Guardian)
4d
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Cursor's recent experiment involved running hundreds of AI agents for nearly a week to build a web browser, writing 1M+ lines of code across 1,000 files (Simon Willison/Simon Willison's Weblog)
4d
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The UK launches a consultation on whether to ban under-16s from using social media, alongside restrictions on addictive app features like infinite scrolling (Kiran Stacey/The Guardian)
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Q&A with Razer CEO Min-Liang Tan on the use of AI in game development, the gaming community's pushback against AI, partnering with Grok, and more (Nilay Patel/The Verge)
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Anthropic's Claude Cowork launch revives investor fears about disruption that weighed on SaaS stocks in 2025; Morgan Stanley's SaaS index is down 15% YTD (Ryan Vlastelica/Bloomberg)
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The UK government plans to take a £25M stake in Octopus Energy's tech spin-off Kraken, last valued at $8.65B, in an effort to encourage Kraken to list in London (Financial Times)
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Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M to $500M Series D to fund mass production of its second-gen RNGD chip and eyes a 2027 IPO (Yoolim Lee/Bloomberg)
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The UK Gambling Commission says Meta is letting illegal gambling sites advertise on Facebook and Instagram, calling its ad library a "window into criminality" (Olivia Solon/Bloomberg)
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OpenAI executive Chris Lehane says the startup is "on track" to unveil its first device in H2 2026; reports suggest it won't have a screen and may be a wearable (Axios)
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