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December 13, 2025, 2:35 AM
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memeorandum
WeSmirchTop News
| Axios: |
Policymakers behind key state AI bills scoff at Trump's EO; some GOP governors are pushing ahead with their own AI bills; Steve Bannon says Sacks misled Trump — States are forging ahead with AI laws despite President Trump's new executive order aimed at reining them in.| Gerrit De Vynck / Washington Post: |
Trump's AI executive order directs federal agencies to look into withholding federal funding from states passing “the most onerous and excessive laws” around AI — The new executive order comes as a growing group of Republicans criticize Trump's staunch support of the tech industry's ambitions for artificial intelligence.| Bloomberg: |
More: CNBC, Crypto Briefing, AfroTech, The American Bazaar, The Information, CBS News, Tech in Asia, STAT, and The American Conservative
X: @mrddmia and @davidsacks
| Reuters: |
More: The White House, Tech Policy Press, Wired, New York Times, eWeek, Lawfare, Dailyfly News, Colorado Politics, MS NOW, Washington Post, Reason, New York Post, The Atlantic, E&E News, StateScoop, The Record, Techstrong.ai, Transformer, BBC, PCMag, CNBC, Associated Press, Barron's Online, The Verge, Politico, NBC News, and Engadget
X: @collin_mccune, @davidsacks47, @sentedcruz, @davidsacks47, @pmarca, @neil_chilson, @repdonbeyer, @kelseytuoc, @kelseytuoc, @mattyglesias, @natpurser, @kelseytuoc, @wsteaks, @adamthierer, @altcap, @bgurley, @pmarca, @chamath, @sriramk, and @rapidresponse47
LinkedIn: David Schweidel and Keri Tietjen Smith
Bluesky: @murray.senate.gov, @datasociety, @noethematt, @haroldfeld, @mattmcneilshow, @maxkennerly, @karrieurbanist, @ketanjoshi.co, @jjvincent, @ketanjoshi.co, @lorak, @vanhollen.senate.gov, @sarajacobs.house.gov, @altnps, and @thereverended
Mastodon: @fromjason@mastodon.social and @kevin@mastodon.km6g.us
| Brody Ford / Bloomberg: |
Sources: Oracle has delayed completion of some OpenAI data centers from 2027 to 2028, largely due to labor and material shortages; Oracle denies delays — Oracle Corp. has pushed back the completion dates for some of the data centers it's developing for the artificial intelligence model developer OpenAI …
More: Gizmodo, Tom's Hardware, Yahoo Finance, TheStreet, Heatmap News, Benzinga, Platformonomics, Wall Street Journal, CNBC, Reuters, DatacenterDynamics, Investor's Business Daily, The Information, Proactive, ZeroHedge News, Capital Brief, Blockonomi, Crypto Briefing, and Paul Kedrosky
X: @deitaone, @edzitron, @prof_heist, @kobeissiletter, @capitalobserver, and @8teapi
Bluesky: @torontowill, @renrut-mas, @edzitron.com, @bwnash, @edzitron.com, @chrisharvey, @inlaymonsterms, @pbshaughnessy, @shiv.ing, and @wittywebhandle. Forums: r/BetterOffline
| Simon Willison / Simon Willison's Weblog: |
OpenAI quietly adopted Anthropic's “skills” mechanism in ChatGPT and Codex; ChatGPT's skills include creating and modifying spreadsheets, docx files, and PDFs — One of the things that most excited me about Anthropic's new Skills mechanism back in October is how easy it looked for other platforms to implement.
More: GitHub. X: @morqon, @natebjones, @simonw, @simonw, @nummanthinks, @simonw, @simonw, @_simonsmith, @simonw, @simonw, @joedevon, and @mweinbach. Forums: Hacker News
| Bloomberg: |
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month — Intel Corp. is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt …
More: The Economic Times, Tech in Asia, SiliconANGLE, and Dow Jones Newswires
| Dina Bass / Bloomberg: |
Broadcom's shares fell 11% on December 12, their biggest single-day drop since January, after the company's AI sales outlook fell short of investor expectations — Broadcom Inc., a chip company vying with Nvidia Corp. for AI computing revenue, suffered the worst stock decline in more than 10 months …
More: Motley Fool, TVNewsCheck, Taipei Times, CNBC, Benzinga, Proactive, Reuters, Broadcom Inc., The Information, and CNBC
| Stevie Bonifield / The Verge: |
Google expands Google Translate's live speech translation from Pixel Buds to any headphones, supporting 70+ languages, in beta on compatible Android phones — Live speech translations were once only on the Pixel Buds. … Google Translate's latest update brings live speech translations … | Loren Grush / Bloomberg: |
Internal message: SpaceX has authorized an insider share sale at $421/share, valuing the company at ~$800B, and said it's preparing for a possible IPO in 2026 — SpaceX has authorized an insider share sale that values Elon Musk's rocket and satellite maker at about $800 billion …
More: Reuters, HotAir, Yahoo Finance, Wall Street Journal, and New York Times
| Financial Times: |
Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas — Stock price of company co-founded by ex-US energy secretary Rick Perry fell as much as 46% — Shares in data centre real estate group Fermi almost halved … | Financial Times: |
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok — Sora has struggled to build an engaged audience despite already hosting bootleg content from the Hollywood studio| Isabelle Lee / Bloomberg: |
Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index — Six firms are set to join the Nasdaq 100 Index as part of its annual reconstitution, the benchmark's overseer said Friday.| Mark Haranas / CRN: |
Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business — Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.| Robin Wigglesworth / Financial Times: |
Cisco's stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD — 🥳🥳🥳🥳🥳 — It only took 25 years, eight months and 13 days, but the stock of Cisco Systems finally hit a new record high.| Semafor: |
In a letter to the Trump administration, the GOP Senatorial Committee Chair Sen. Tim Scott said the Netflix-WBD deal raises “significant antitrust problems” — THE SCOOP — A key Republican senator Friday joined the mounting opposition in Washington to Netflix's takeover of Warner Bros. Discovery.
More: The Guardian
| Rachyl Jones / Semafor: |
Singapore-based ChemLex raised a $45M funding round led by Granite Asia to build an AI-powered, automated chemistry lab to accelerate drug discovery — Singapore-based ChemLex raised $45 million to build out its autonomous chemistry lab with hopes it can speed drug discovery and therapy development …
More: ChemLex
| Gene Maddaus / Variety: |
Google has removed dozens of AI videos from YouTube that depicted Disney characters, after Disney sent a cease-and-desist letter flagging the links — Disney flagged the YouTube links to the videos in its letter, and demanded that Google remove them immediately.| Andrew Welsch / Barron's Online: |
Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO — Wealthfront stock trades on the Nasdaq under the ticker symbol WLTH. Its IPO priced at the top of its expected range.| Stephanie Palazzolo / The Information: |
Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue — OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources …
X: @steph_palazzolo and @arfurrock
| Xuedong Huang / Zoom: |
Zoom says its “federated AI” model, combining its SLM with open- and closed-source models, got 48.1% on Humanity's Last Exam vs. 45.8% for Gemini 3 Pro w/ tools — Federated innovation driving breakthrough results in complex AI testing — In this blog — 01 Understanding the HLE challenge| Reuters: |
Tether submits an all-cash offer to acquire a 65.4% stake in Italian soccer club Juventus, says it will invest €1B in the club if the acquisition is completed — Crypto group Tether said on Friday it has submitted an all-cash proposal to the holding company of the Agnelli family to buy … | Carmen Arroyo / Bloomberg: |
Sources: X reported $752M in Q3 revenue, up 17% YoY, a net loss of $577.4M, and EBITDA of ~$454M, up 16%; revenue for the first nine months of 2025 was $2B+ — Sales at Elon Musk's X jumped during the third quarter, but the social network is still dealing with significant costs … | Nina Bambysheva / Forbes: |
Kalshi integrates its event trading platform into the popular crypto wallet Phantom; Dune: in November, Kalshi's trading volume hit $5.8B vs. Polymarket's $3.7B — As Kalshi's trading volume surpasses Polymarket's, it will now offer prediction market access to Phantom's 15 million users on Solana.
More: Business Wire, NullTX, Decrypt, CoinDesk, NFTgators, Benzinga, Cointelegraph, and The Block
X: @kalshi, @solana, @imperooterxbt, @j0hnwang, @orangie, @phantom, @mansourtarek_, and @nftmufettisi
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