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December 31, 2025, 1:50 AM
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Sneha Kumar / Reuters:
Filing: Chinese chip designer OmniVision Integrated Circuits seeks to raise up to ~$617M in a Hong Kong IPO; HKEX: Hong Kong IPOs have raised ~$36B in 2025  —  China's OmniVision Integrated Circuits (603501.SS) aims to raise up to HK$4.80 billion ($616.94 million) in its Hong Kong listing …
More: Tech in Asia
Jeanny Yu / Bloomberg:
Chinese AI firms are leading a wave of IPOs in Hong Kong, where at least 25 companies debuted in December 2025, the busiest month for deals since November 2019  —  Chinese artificial intelligence firms are leading a wave of listings in Hong Kong, aiming to capitalize on a recent market momentum.
Themis Qi / South China Morning Post:
Z.ai launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong  —  The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing
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 …
Vlad Savov / Bloomberg:
Review of Samsung's Galaxy Z TriFold: sturdy but poor camera performance and has some unique design flaws that make it even less polished than regular foldables  —  Review: The $2,500 Galaxy Z TriFold is pricier than other foldables and also less polished.  —  Nearly seven years in …
SoftBank Group Corp.:
SoftBank says it has completed a $22.5B investment in OpenAI, finalizing its up to $40B investment commitment announced in March and taking its stake to ~11%  —  SoftBank Group Corp. ("SBG" or the “Company") today announced that it has completed an additional investment of $22.5 billion …
CTech:
Sources: Nvidia is in advanced talks to acquire Tel Aviv-based AI21, which is building its own LLMs, for $2B to $3B; the deal would resemble an acquihire  —  EXCLUSIVE: The move would mark Nvidia's fourth major Israeli purchase and signal the limits of Israel's LLM ambitions.
M.G. Siegler / Spyglass:
Meta just bought into the enterprise market with its Manus deal, which may eventually help it expand into cloud offerings like those of its Big Tech peers
Wall Street Journal:
Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan
Suzanne Smalley / The Record:
The US Treasury has lifted sanctions on three executives tied to spyware maker Intellexa, reversing a designation imposed by the Biden administration in 2024  —  The Treasury Department on Tuesday took three people closely affiliated with the holding company behind Predator spyware off of a sanctions list …
Zak Killian / Tom's Hardware:
IDC expects shipments of PCs could shrink by up to 9% YoY in 2026 due to global memory shortages, as demand from AI data centers continues to outstrip supply  —  Memory shortages are expected to have a serious impact on the PC and smartphone market. … The International Data Corporation …
Sergiu Gatlan / BleepingComputer:
Two ex-staffers of cybersecurity incident response companies Sygnia and DigitalMint plead guilty to targeting US companies in 2023's BlackCat ransomware attacks  —  Two former employees of cybersecurity incident response companies Sygnia and DigitalMint have pleaded guilty to targeting U.S. companies …
Zhengdong Wang:
A reflection on AI advances in the past decade and how scaling and time-horizon trends might point to far greater capabilities in the decade ahead  —  People love to predict the future.  Back in June, Peter Thiel recounted a conversation he had with Elon Musk.
Shivangi Lahiri / Reuters:
Filing: Chinese AI startup MiniMax seeks to raise up to ~$538.5M in a Hong Kong IPO, offering 25.4M shares at a price range of ~$19.40 to ~$21.20 per share  —  Chinese AI startup MiniMax Group is seeking to raise up to HK$4.19 billion ($538.54 million) in a Hong Kong initial public offering, a regulatory filing showed on Wednesday.

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From Mediagazer

Michael Schneider / Variety:
Nielsen: CBS was 2025's most-watched network in primetime despite a 12% YoY drop in average viewers, followed by NBC, ABC, and Fox, up 10% due to the Super Bowl

Brent Lang / Variety:
George Clooney criticizes CBS and ABC for settling lawsuits with President Trump and says CBS News EIC Bari Weiss “is dismantling CBS News as we speak”

Will Sommer / The Bulwark:
The Trump administration helps Tenet Media's Lauren Chen return to the US; she lost her visa after a 2024 indictment alleging illicit funding from Russia's RT

More News

Osmond Chia / BBC:
China's draft AI rules have measures to protect kids, like time limits and parental consent, ban gambling promotion content, and add suicide chats restrictions

Earlier Picks

Reuters:
Sources: China is requiring chipmakers to use at least 50% domestically made equipment for adding new capacity, in a rule that is not publicly documented
Vikki Blake / Eurogamer.net:
Michał Kiciński, co-founder of CD Projekt and DRM-free digital games store GOG, acquires 100% ownership of GOG from CD Projekt and signs a distribution deal
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