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December 31, 2025, 3:05 PM
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| Wall Street Journal: |
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 — The $2.5 billion deal could herald a new era for China-linked AI companies and U.S. investors — Workers at Butterfly Effect …
More: COINOTAG, The Decoder, Bloomberg, Trak.in, South China Morning Post, Business Insider, Semafor, Reuters, BBC, AIN, New York Post, Gizmodo, Caixin Global, The American Bazaar, EasternEye, Asia Financial, Fortune, Wall Street Journal, International Business Times, Computerworld, and Spyglass
X: @chrisrmcguire, @kyleichan, @petereharrell, and @henrysgao
| Reuters: |
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 — Nvidia (NVDA.O) is scrambling to meet strong demand for its H200 artificial intelligence chips from Chinese technology companies …
More: Benzinga, Yahoo Finance, Yahoo Finance, iPhone in Canada, Sherwood News, Wccftech, NDTV Profit, CNBC, Proactive, Investor's Business Daily, Modern Diplomacy, COINOTAG, Sharecast, Hürriyet Daily News, and The Standard
X: @zephyr_z9, @stocksavvyshay, @teortaxestex, @firstadopter, @zephyr_z9, @zephyr_z9, @zephyr_z9, @dnystedt, @danielnewmanuv, @jukan05, @jukan05, and @zephyr_z9. Forums: r/NVDA_Stock
| CNBC: |
Unsealed documents detail a US operation that stopped the alleged smuggling of $160M worth of Nvidia H100 and H200 GPUs to China between Oct. 2024 and May 2025 — On Dec. 8, Federal prosecutors in Texas unsealed documents that revealed an investigation into a massive smuggling network that stretched across the U.S. and the world.| Wency Chen / South China Morning Post: |
Sources: ByteDance plans to spend about $14B on Nvidia's AI chips in 2026, an increase of about 18% from 2025 — Chinese unicorn's computing needs have climbed across its portfolio of popular apps, cloud unit Volcano Engine and large language models — ByteDance plans to spend about 100 billion yuan …
More: Tom's Hardware, Benzinga, AIN, ZeroHedge News, Reuters, DigiTimes, and NewsMax.com
| Emily Nicolle / Bloomberg: |
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 — Trump Media and Technology Group Corp. plans to issue a new cryptocurrency, which will be distributed among its shareholders.| Himanshi Akhand / Reuters: |
Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively — Chinese AI chip startup Shanghai Biren Technology (6082.HK) has raised HK$5.58 billion ($716.85 million) in its Hong Kong initial public offering …
More: Pandaily
| Wall Street Journal: |
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 — The company's stock-based compensation in 2025 reached an average of $1.5 million per employee
More: New York Post, Yahoo Finance, COINOTAG, CTech, The Decoder, and Hindustan Times
LinkedIn: Nate Rattner. Bluesky: @carnage4life, @justinhendrix, and @prietschka. Forums: Hacker News
| Essi Lehto / Reuters: |
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 — Finnish police on Wednesday seized a ship suspected of damaging an undersea telecoms cable running from Helsinki …
More: Tom's Hardware, DataBreachToday.com, Radio Free Europe/Radio …, Reuters, Bloomberg Law, The Maritime Executive, The Record, The Indian Express, and Associated Press
X: @petteriorpo, @tsahkna, and @marinetraffic
Bluesky: @rvps2001 and @duncandixoncoffee
Forums: r/worldnews, r/neoliberal, and Slashdot
| The Information: |
Sources: Uber is in talks to acquire the parking space reservation app SpotHero; the parking app was last valued at $290M — Uber has been in talks to acquire parking app SpotHero, a popular service that allows drivers to reserve parking spaces, according to people with knowledge of the discussions.| Alice French / Bloomberg: |
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 — Artificial intelligence's insatiable appetite for data storage has delivered Japanese memory chipmaker Kioxia Holdings Corp …
More: Barchart.com, Fortune, and Taipei Times
| Michael Acton / Financial Times: |
Trump Mobile delays plan to launch its gold-coloured smartphone, initially promised for August 2025, saying the recent US government shutdown delayed deliveries — Move marks latest setback for project that originally promised to sell a US-made device — Trump Mobile, the phone company launched …
More: CNET, Fortune, Business Insider, PCMag, MediaPost, The Guardian, Baller Alert, RTÉ, Proactive, Mashable, Android Headlines, CBS News, and Yahoo Finance
Bluesky: @caseynewton, @robertscotthorton, @stevemnomoremister, and @bizarreman. Mastodon: @annmlipton@esq.social. Forums: r/politics
| Kate Clark / Wall Street Journal: |
Sources: bids for GroqCloud, Groq's AI inference platform, are expected to exceed $1B after Nvidia's $20B non-exclusive licensing agreement with Groq — The chipmaker's AI-inference agreement with startup Groq indicates growing competition for top talent and technology
More: Sources, The Information, The Motley Fool, Business Insider, and MobileSyrup. LinkedIn: Kate Clark
| Reuters: |
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 — China's leading maker of DRAM chips, ChangXin Memory Technologies (CXMT) Corp, said on Tuesday it plans to raise 29.5 billion yuan … | Kurt Wagner / Bloomberg: |
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 — Elon Musk's xAI is planning an expansion of its massive data center complex in Memphis, and has purchased a third building … Sponsor Posts
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Channels with Peter Kafka:
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