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December 27, 2025, 9:40 AM
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memeorandum
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| New York Times: |
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 — It's uncertain whether the proposal will reach the statewide ballot in November, but some billionaires like Peter Thiel and Larry Page may be unwilling to take the risk.
More: Benzinga, NewsMax.com, and NewsNation
X: @garrytan, @billackman, @colindhernandez, @armanddoma, @rtylercrown, @amuse, @nick_field90, @ashleyschapitl, @garrytan, @benspielberg, @jhong, @dscheinm, @jonahdispatch, @sarthakgh, @maxhodak_, @teddyschleifer, and @rokhanna
Bluesky: @cbdawson, @vortexegg.com, @ericumansky, @elifriedman, @paulthedogman, @tinyklaus.com, and @rincewind.run
Forums: r/California, r/politics, and r/Economics
| M.G. Siegler / Spyglass: |
The Groq deal secures key talent for Nvidia, including CEO Jonathan Ross, creator of the TPU, and keeps them from companies that may try to make their own chips — Twas the night before Christmas and all through the house, not a creature was stirring, not even a... wait. What's that?
More: Moneycontrol, Investing.com, Business Insider, UncoverAlpha, Rohan's Bytes, Yahoo Finance, AIN, Press Telegram, Benzinga, CNBC, The Economic Times, DigiTimes, Fudge Factor …, Techstrong.ai, Wall Street Pit, The American Bazaar, Mashable, and CryptoNinjas
X: @anjneymidha, @jukan05, @zephyr_z9, @dylan522p, @levelsio, @0xdevshah, and @draecomino. Bluesky: @mgsiegler.com
| Gavin Baker / @gavinsbaker: |
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 — Nvidia is buying Groq for two reasons imo. 1) Inference is disaggregating into prefill and decode.
| Andre Revilla / Engadget: |
NY Gov. Kathy Hochul signs a law requiring social platforms with features like addictive feeds to show warning labels about mental health impacts on young users — The warnings will appear when users interact with a feature the state deems addictive. — The State of New York …
More: Governor Kathy Hochul, Reuters, Dexerto, WRGB, Interesting Engineering, WPTZ, New York Sun, Al Jazeera, WHAS-TV, VINnews, Newsweek, and WNYT-TV
X: @commonsense and @agounardes
Bluesky: @ianopolous, @stephenjwild, @periapocalipticdad, @charlesgaba.com, @paulbernal, and @mmasnick
| Reuters: |
Indian IT services provider Coforge agrees to acquire Encora, which offers AI tools for product, cloud, and data engineering, at an enterprise value of $2.35B — Indian IT services provider Coforge said on Friday it would acquire artificial intelligence firm Encora at an enterprise value … | Manish Singh / India Dispatch: |
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 — How Indian IT learned to stop worrying and sell the AI shovel — For the last two years, generative AI was going to kill Indian IT.| Virginie Malingre / Le Monde: |
The European Commission claims €80B of €120B in post-EU Chips Act investments remain on track, despite the stalled GlobalFoundries-STMicro project in France — President Emmanuel Macron, who wanted to be at the forefront of France's reindustrialization efforts, traveled to Isère …
Forums: r/europe, r/hardware, and r/technology
| Brody Ford / Bloomberg: |
ServiceNow has spent $12B+ on acquisitions and investments in 2025 amid concerns about revenue growth, projected to fall below 20% in 2026 without acquisitions — After years of eschewing big mergers, ServiceNow Inc. is on a deal spree. It has spent at least $12 billion this year on acquisitions or strategic investments.
More: Verdict
| Alex Harring / CNBC: |
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 — Kyle Dijamco is a proud member of Palantir Technologies' fast-growing retail investor base. — The Los Angeles-based marketer … | Muyao Shen / Bloomberg: |
Coinbase says a former customer service agent was arrested in India, following a May breach where hackers bribed contractors to access sensitive customer data — Coinbase Global Inc. Chief Executive Officer Brian Armstrong said that a former customer service agent for the largest US crypto exchange …
More: DL News, CoinGape, The Week, The Indian Express, crypto.news, Blockonomi, The Crypto Times, and Bitcoin Insider. X: @brian_armstrong
| Cecilia D'Anastasio / Bloomberg: |
Five FaZe Clan influencers exit after failed contract talks with new management; Matt Kalish, who invested $10M, calls FaZe's current structure “unsustainable” — The future of the popular influencer group FaZe Clan is in flux once again after several members announced …
More: AfroTech, Distractify, and Dexerto
X: @fazeadapt, @banks, @banks, @lacyhimself, @jasontheween, @silkyszn, @yourragez, @stableronaldo, @kaysan, and @banks
| Alfred Ng / Politico: |
Federal records show ICE has increased its surveillance tech spending to $300M+ under Trump, as the White House lowered privacy guardrails around citizens' data — The U.S. Immigration and Customs Enforcement is buying millions of dollars' worth of new surveillance tools at the same … | Naomi Nix / Washington Post: |
Internal documents show Instagram's aggressive campaign to win back teens, including by boosting teen-friendly influencers, adjusting its algorithm, and more — The company pursued a yearslong strategy to win teens back even after critics said it wasn't safe, records show.
More: The Verge, Newsmax, iPhone in Canada, and Telecompaper
Bluesky: @amateurexpertop, @wertwhile, @newjorg, @anadromy, @dannygroner, @dannygroner, @regimecpa, @aly.codes, @powerllama.com, @justinhendrix, and @raaleh
Threads: @andymstone, @naominixwrites, and @naominixwrites
| Joe Rennison / New York Times: |
Refinitiv: AI infrastructure companies borrowed $100B+ in 2025; small companies face higher interest rates given investor wariness over unproven AI businesses — Artificial intelligence companies looking to raise funds are being made to pay lofty interest rates, as debt investors become cautious.
More: Marcus on AI. Bluesky: @justinhendrix. Mastodon: @profcarroll@federate.social. Forums: Slashdot
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